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Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts - The Market Herald
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  • Predictive Discovery (PDI) has returned results of up to 32 g/t gold from first drilling at its Koundian Project in Guinea
  • The company’s first program of power auger drilling and rock chip sampling at its Koundian Project returned shallow high-grade gold along a corridor of interpreted north-east orientated structures
  • Best results included 6 metres at 32 g/t gold from 4 metres
  • The company says both the power auger drilling and rock chip results confirm the presence of widespread high grade gold values on the project area
  • Predictive Discovery last traded at 9.1 cents on May 28

Predictive Discovery (PDI) has returned results of up to 32 g/t gold from first drilling at its Koundian Project in Guinea.

The company’s first program of power auger drilling and rock chip sampling at its Koundian Project returned shallow high-grade gold along a corridor of interpreted north-east orientated structures. Best results included 6 metres at 32 g/t gold from 4 metres.

Drilling was carried out of a 320 metre by 80 metre grid spacing, with 753 holes drilled over 8,012 metres. The rock chip sampling program returned multiple results of more than 10 g/t gold values, with a peak result of 33.6 g/t.

The company says both the power auger drilling and rock chip results confirm the presence of widespread high grade gold values on the project area.

“By any measure this is an excellent start to exploration results from Koundian,” Predictive Discovery MD Paul Roberts said.

“The huge extent of mapped artisanal workings on the new ground shows that gold mineralisation covers a large area in a geological setting analogous to the nearby known gold deposits, with the company well-funded to continue regional auger programs on its Siguiri Basin projects."

Predictive Discovery last traded at 9.1 cents on May 28.

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