Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts
Managing Director, Paul Roberts
Source: The Market Herald
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  • Predictive Discovery (PDI) has received more high-grade gold results from ongoing drilling at its Bankan Gold Project in Guinea
  • Drilling at the Northeast Bankan prospect returned grades of up to 187g/t gold — strengthening the company’s belief that this prospect has the makings of a “plus-million ounce gold system”
  • Predictive’s 25,000-metre drilling program is aimed at delivering a maiden mineral resource estimate by the middle of this year
  • To further support this, an infill drilling program will begin shortly, as will metallurgical test work
  • Company shares are up 9.23 per cent and trading at 7.1 cents

Predictive Discovery (PDI) has received results from 13 holes drilled at the Bankan Gold Project in Guinea.

The wholly owned Bankan Gold Project is made up of four tenements, which cover 358 square kilometres.

The 10 reverse circulation (RC) holes and three diamond holes were drilled as part of Predictive’s ongoing 25,000-metre drilling program, which is aimed at delivering a maiden mineral resource estimate by mid-year.

Pleasingly, the latest drill holes have returned some exceptionally high gold grades from the NE Bankan prospect.

Best results include 45 metres at 5.4g/t gold from 65 metres including one metre at 187.5g/t gold, 65 metres at 2.7g/t gold from 47 metres including seven metres at 9.8g/t gold, one metre at 13.6g/t gold and two metres at 8.2g/t gold, and 19 metres at 4.8g/t gold from 178 metres including six metres at 13.7g/t gold.

“The latest results strengthen our belief that NE Bankan has all the hallmarks of a plus-million ounce gold system, with broad zones of gold consistently intersected over a growing strike length,” Managing Director Paul Roberts said.

“With highly encouraging drill results also being received from other prospects in
the area, the potential for a multi-million-ounce resource inventory across the Bankan Project is increasing with every new set of results,” Paul added.

Looking ahead, Predictive plans to conduct metallurgical test work and infill drilling to support the upcoming resource estimate.

Company shares are up 9.23 per cent and trading at 7.1 cents at 10:16 am AEDT.

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