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Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts - The Market Herald
Managing Director, Paul Roberts
Source: The Market Herald
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  • Predictive Discovery (PDI) has received assays from the first five diamond drill holes at the NE Bankan discovery in Guinea, West Africa
  • Results from these holes peaked at 10.4 grammes per tonne gold and indicate that there is no reduction in gold grades at depth
  • Predictive Discovery is now awaiting results from a further 31 reverse circulation (RC) holes and 1168 power auger drill samples
  • Additionally, RC and diamond drilling is continuing at NE Bankan, with drilling aiming to test the depth extensions
  • Predictive is up 14.9 per cent with shares are trading for 8.4 cents each

Predictive Discovery (PDI) has received assays from the first five diamond drill holes at the NE Bankan discovery.

NE Bankan lies within Predictive's Kaninko Project in Guinea, West Africa.

Of the five holes drilled, four were drilled within the gold mineralised zone identified by initial aircore (AC) drilling while one was drilled towards the east to test the eastern extensions.

Significant results from this program include 153 metres at 1.51g/t gold from 47 metres including six metres at 10.4g/t gold from 189 metres, and 78 metres at 2.58g/t gold from three metres including four metres at 13.64g/t gold from 75 metres.

These results indicate that there is no reduction in gold grades at depth.

"While this discovery is still at an early stage, having only announced first drill results in April, we have made great progress in a short period of time in better understanding the controls of mineralisation at NE Bankan," Managing Director Paul Roberts said.

"With no outcrop at surface to guide drilling orientation, we completed power auger drilling to define the surface extent of the mineralised zone, reverse circulation drilling to test the oxide mineralisation and now diamond drilling to test the mineralisation in fresh rock at depth," Paul said.

Predictive is now awaiting results from a further 31 reverse circulation (RC) holes and 1168 power auger drill samples which are currently in the laboratory pending analysis.

Additionally, RC and diamond drilling is continuing at NE Bankan, with drilling aiming to test the depth extensions.

Predictive is up 14.9 per cent with shares are trading for 8.4 cents each at 11:04 am AEST.

PDI by the numbers
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