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

Subscribe

Be the first with the news that moves the market
  • Predictive Discovery (PDI) has received more results from resource drilling at the Bankan Project in Guinea
  • Latest results come from three holes drilled at the NE Bankan prospect and have further confirmed that mineralisation extends at depth — offering significant upside to the gold system's potential
  • Predictive is particularly impressed with one hole which returned 2.4g/t gold over a five-metre interval as it was drilled below a previous hole that both show good gold grades and widths at depth
  • The drilling program will now move to the Bankan Creek deposit ahead of a maiden resource estimate which is expected in the September quarter
  • Company shares are up 4.55 per cent and are trading at 11.5 cents

Predictive Discovery (PDI) has received results for three more holes from resource drilling at the Bankan Project in Guinea.

These holes covered a 1024-metre area of the NE Bankan prospect and have further demonstrated the Bankan Project's potential for gold mineralisation to extend at depth.

The latest results include five metres at 2.4g/t gold from 245 metres, 18 metres at 3g/ gold from 259 metres, and 23 metres at 1.9g/t gold from 328 metres from hole BNERD0068.

Predictive Discovery was particularly pleased with this hole as the results have showed continued good widths and high average grades below a previous hole which returned 30 metres at 2.8g/t gold.

"Together, these two holes show that the ore deposit maintains its strike length with good gold grades and widths at depth and with significant upside given we are yet to see how deep this system continues," Managing Director Paul Roberts said.

Additional results include 13 metres at 1.1g/t gold from 14 metres, 25 metres at 1.5g/t gold from 275 metres and 15 metres at 1.1g/t gold from 114 metres.

All but one of the planned deep holes have been completed at NE Bankan and results are expected over the next month.

The program will now switch to infill drilling at the Bankan Creek deposit ahead of a maiden resource estimate in the September quarter.

Due to the drilling method switching from reverse circulation to diamond drilling, the program is expected to continue for four to five weeks longer than planned.

Company shares are up 4.55 per cent and are trading at 11.5 cents at 10:50 am AEST.

PDI by the numbers
More From The Market Herald
Cullen Resources (ASX:CUL) to raise $1.4M for WA gold projects

" Raiden Resources (ASX:RDN) finds 16 targets at Majdanpek West

Raiden Resources (RDN) has found 16 targets at its Majdanpek West project in Serbia.
Breaker Resources (ASX:BRB) - - The Market Herald

" Breaker Resources (ASX:BRB) hits 20g/t gold at Lake Roe

Breaker Resources (BRB) has intersected up to 20 grams of gold per tonne (g/t) at the Lake Roe Gold Project.
Conico (ASX:CNJ) - CEO, Thomas Abraham James - The Market Herald

" Conico (ASX:CNJ) encounters mineralisation at Ryberg Project

Conico (CNJ) and has received results from three holes drilled at the Miki prospect at the Ryberg Project in Greenland.
Dreadnought Resources (ASX:DRE) commences drilling at Tarraji-Yampi Project

" Dreadnought Resources (ASX:DRE) completes drilling at Tarraji-Yampi

Dreadnought Resources (DRE) has completed the drilling program at the Tarraji-Yampi Project in the West Kimberley region of Western Australia.