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- Gold explorer Predictive Discovery (PDI) has entered a trading halt ahead of a capital raise
- At this stage, it is unclear how much Predictive Discovery will raise or what the funds will be used for
- However, the miner’s current focus is on a phase two drilling program at the Bankan Project in Guinea
- The latest program is targeting a western extension to the NE Bankan auger grid
- Additionally, current and future drilling will support Predictive’s plan of releasing a maiden resource estimate for the project by mid-next year
- Company shares last traded for 6.1 cents on Tuesday, October 20
Predictive Discovery (PDI) has entered a trading halt ahead of a capital raise.
The gold explorer will remain in the trading halt until Friday, October 23, unless details of the raise are announced to the market earlier.
At this stage, it is unclear how much Predictive will raise or what the funds will be used for.
Today’s trading halt follows yesterday’s news regarding a phase two power auger drilling program at the Bankan Project in Guinea.
Over the last few months, Predictive’s focus has been on the Guinea-based project which has yielded highly-significant gold results from exploration programs.
The phase two drilling program is targeting a western extension of the NE Bankan auger grid. The latest program follows a phase one reverse circulation program which returned a peak gold result of one metre at 11.6g/t gold from 56 metres.
Current and future drilling will also support Predictive’s goal of releasing a maiden resource estimate by mid-2021.
Company shares last traded for 6.1 cents on Tuesday, October 20.
