Join our daily newsletter At The Bell to receive exclusive market insights
- Predictive Discovery (PDI) strikes several new gold targets through aircore (AC) drilling at its flagship Bankan Gold Project in Guinea
- PDI reveals the results from 122 shallow AC holes drilled in the area, mostly within three kilometres of the project’s existing 3.65-million-ounce mineral resource estimate
- Other strong results come from PDI’s SW Bankan targets, at which the company completed some infill and extension drilling around previously-reported gold hits
- The best new results include a 14-metre hit at 1.0 g/t gold from 36 metres, which itself included a four-metre zone at 2.5 g/t gold from 46 metres to end-of-hole
- Shares in the company are up 2.22 per cent to 23 cents at 10:33 am AEDT
West African gold explorer Predictive Discovery (PDI) has struck several new targets through aircore (AC) drilling at its flagship Bankan Gold Project in Guinea.
The company has today revealed the results from 122 shallow AC holes drilled in the area, mostly within three kilometres of the project’s existing 3.65-million-ounce mineral resource estimate defined on the NE Bankan and Bankan Creek deposits.
The drilling was designed to follow up magnetic and radiometric survey work completed in the project area after PDI first discovered the NE Bankan deposit. Over the past four months, the company has completed 13,000 metres worth of AC and auger drilling.
Some of the best results from the latest round of assays come from the 800 West prospect and include a seven-metre hit at 8.5 grams of gold per tonne (g/t gold) from 38 metres to end-of-hole. This intersection included a two-metre zone at 24.2 g/t gold.
PDI said the results from this area suggest a roughly north-south trending zone, between 20 and 35 metres wide and dipping to the west.
Other strong results come from PDI’s SW Bankan targets, at which the company completed some infill and extension drilling around previously-reported gold hits.
The best new results include a 14-metre hit at 1.0 g/t gold from 36 metres, which itself included a four-metre zone at 2.5 g/t gold from 46 metres to end-of-hole.
PDI Managing Director Paul Roberts said the new assays, combined with previous results from elsewhere in the project area, showcased the Bankan project as an emerging gold camp with the potential to host multiple gold deposits.
“The company is in the fortunate position of holding a project in which new zones of gold mineralisation continue to emerge, offering numerous opportunities for expanding gold resources outside of the NE Bankan and Bankan Creek deposits,” Mr Roberts said.
What’s next for PDI?
Looking ahead, PDI said its future auger drilling would be focussed on two grids: one east of the NE Bankan area, and one in the SE Saman area where some auger and AC drilling has already identified “encouraging” gold values.
Drilling work wraps up for the year this week, but the company said crews would return to site in January.
PDI’s exploration programs for 2022 will include a continuation of the NE Bankan deep drilling program, follow-up AC and reverse circulation (RC) drilling on regional targets, and more RC and diamond drilling at Bankan Creep.
Speaking of regional targets, PDI said it was still busy taking on power auger drilling programs east of NE Bankan and in the southeast corner of the project area.
Shares in the company are up 2.22 per cent to 23 cents at 10:33 am AEDT.
