Total
0
Shares
Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts
Managing Director, Paul Roberts
Source: 121 Mining Investment Events
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Predictive Discovery (PDI) has received further results from its ongoing drilling program at its Bankan Gold Project in Guinea
  • Both reverse circulation (RC) and diamond drilling is continuing at the project to support a maiden resource estimate planned for mid-year
  • Predictive has received results from a further six RC and four diamond holes drilled at the NE Bankan prospect
  • Results peaked at 25.4g/t gold and they continue to grow the prospect at depth
  • Predictive is up 5.88 per cent on the market and shares are trading at 9 cents

Predictive Discovery (PDI) has received further results from its ongoing drilling program at its Bankan Gold Project in Guinea.

Both reverse circulation (RC) and diamond drilling is continuing at the project to support a maiden resource estimate planned for mid-year.

Additionally, two power auger rigs are on site, exploring for gold mineralisation beneath significant workings on the Argo permit.

Predictive has received results from a further six RC and four diamond holes, for 1802 metres, drilled at the NE Bankan prospect.

Best results include 11 metres at 3g/t gold from 43 metres including one metre at 25.4g/t gold from 46 metres, and 14 metres at 7.2g/t gold from 217 metres including three metres at 24.8g/t gold.

“These highly encouraging new results from NE Bankan continue to grow the deposit both in the shallow oxide and at depth,” Managing Director Paul Roberts said.

“We can now see two parallel, thick zones of gold mineralisation extending down-dip from the holes above, consisting of an upper 50 metre wide zone averaging 1.4g/t gold and a much higher-grade zone below it,” he added.

Predictive is up 5.88 per cent and shares are trading at 9 cents at 12:23 pm AEST.

PDI by the numbers
More From The Market Herald
Siren Gold (ASX:SNG) - Chairman, Brian Rodan

" Siren Gold (ASX:SNG) to begin scoping study at NZ gold projects

Siren Gold (ASX:SNG) will undertake a scoping study for underground development at its Big River and…

" Stanmore (ASX:SMR) awards EPSA Pacific $564m open-cut mining contract

Stanmore Resources (ASX:SMR) has awarded EPSA Pacific a $564 million mining contract at its Isaac Downs…
Australian Rare Earths (ASX:AR3) - Technical Director, Rick Pobjoy (left)

" Regional prospectivity confirmed for Australian Rare Earths’ (ASX:AR3) Koppamurra Project

Drilling at Australian Rare Earths (AR3) flagship Koppamurra project has confirmed significant regional prospectivity.

" Parabellum Resources (ASX:PBL) to begin airborne survey program in February

Parabellum Resources (ASX:PBL) is set to begin airborne electromagnetic (EM) surveying in early February to generate…