Proactiveinvestors Australia Predictive Discovery Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Predictive Discovery Ltd RSS feed en Tue, 21 May 2019 21:21:49 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Predictive Discovery managing director buys share on-market ]]> https://www.proactiveinvestors.com.au/companies/news/219215/predictive-discovery-managing-director-buys-share-on-market-219215.html Predictive Discovery Ltd (ASX:PDI) managing director Paul Roberts has purchased 600,000 shares in the company through on-market trades.

The purchase increases his total shareholding in the company to 4.43 million shares.

READ: Predictive Discovery has new major shareholder in Capital Drilling

Last Friday, Capital Drilling Ltd (LON:CAPD) emerged with a 14.72% interest in Predictive.

The substantial interest notice was expected and was the result of Capital Drilling cornerstoning the recent capital raising.

Capital Drilling is an investor and partner with a number of early-stage exploration companies and provides ongoing support to assist the management teams in their exploration activities.

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Mon, 29 Apr 2019 13:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219215/predictive-discovery-managing-director-buys-share-on-market-219215.html
<![CDATA[News - Predictive Discovery has new major shareholder in Capital Drilling ]]> https://www.proactiveinvestors.com.au/companies/news/219203/predictive-discovery-has-new-major-shareholder-in-capital-drilling-219203.html Predictive Discovery Ltd (ASX:PDI) has a new substantial shareholder in Capital Drilling Ltd (LON:CAPD) which has a 14.72% interest in the company.

The shareholding is a result of the recent $0.53 million share placement which was cornerstoned by Capital Drilling.

Capital Drilling has a focus on drilling in Africa with a fleet of 91 rigs, offering a range of drilling services as well as ancillary services including minerals laboratory testing.

It has extensive operations across the African continent including Egypt, Botswana, Tanzania, Mali, Mauritania, Cote d’Ivoire, and Burkina Faso, employing 1,000 people in Africa.

Capital Drilling is an investor and partner with a number of early-stage exploration companies and provides ongoing support to assist the management teams in their exploration activities.

READ: Predictive Discovery raises up to $531,000 in placement for Guinea exploration

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Mon, 29 Apr 2019 08:32:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219203/predictive-discovery-has-new-major-shareholder-in-capital-drilling-219203.html
<![CDATA[Media files - Predictive Discovery to fund gold exploration in Guinea with capital raising ]]> https://www.proactiveinvestors.com.au/companies/stocktube/13054/predictive-discovery-to-fund-gold-exploration-in-guinea-with-capital-raising-13054.html Wed, 17 Apr 2019 20:45:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/13054/predictive-discovery-to-fund-gold-exploration-in-guinea-with-capital-raising-13054.html <![CDATA[News - Predictive Discovery raises up to $531,000 in placement for Guinea exploration ]]> https://www.proactiveinvestors.com.au/companies/news/218627/predictive-discovery-raises-up-to-531000-in-placement-for-guinea-exploration-218627.html Predictive Discovery Ltd (ASX:PDI) has received binding subscription agreements for a placement of shares to raise up to $531,000 to fund exploration at new properties in Guinea, West Africa.

The placement to sophisticated and other exempt investors was heavily oversubscribed.

It was backed by a $350,000 cornerstone commitment from Capital Drilling Limited and supported by several Australian stockbroking firms and some current shareholders.

It will result in the issue of up to 59 million ordinary fully paid shares at a price of 0.9 cents per share, the same price at which Predictive shares closed before the trading halt on Friday, April 12, 2019.

READ: Predictive Discovery encouraged by early gold results from Guinea

Predictive managing director Paul Roberts said: “We are very happy with the strong support shown by Capital Drilling to Predictive’s West African exploration through this placement.

“At present, we are developing new drill targets in Guinea, especially on the Nonta and Kankan properties and we plan to be ready to test them in late 2019.

“The new strategic relationship with Capital Drilling initiated by this placement will ensure that we are well positioned to fund and execute drilling programs in Guinea or elsewhere in our West African portfolio once we are ready to drill.”

The placement will be issued without shareholder approval as it falls within the company’s ASX placement capacity.

Exploration on the Nonta and Kankan permits has identified strong stream sediment gold geochemical anomalies, a new 6-kilometre-long gold-in-soil-anomaly peaking at 570ppb gold at Kankan and evidence of high-grade gold mineralisation at Nonta.

Earlier this month Bulk Leach Extractable Gold (BLEG) sampling over large catchment areas identified the gold stream sediment anomalies.

Nonta rock chip sampling also returned up to 29 g/t gold and identified a new prospect extending at least 300 metres in strike upstream of a major BLEG anomaly.

READ: Predictive Discovery spins diamond drill bit at Ferkessedougou North

Roberts said the early results from Kankan and Nonta supported the highly prospective nature of Predictive’s Siguiri Basin targets.

“The stream sediment values reported for Nonta and Kankan are the best results Predictive has received compared with previous BLEG stream sediment surveys we have completed in West Africa in the past five years.

“The peak BLEG gold values at Nonta and Kankan are 23ppb and 87ppb gold respectively.”

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Tue, 16 Apr 2019 10:42:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218627/predictive-discovery-raises-up-to-531000-in-placement-for-guinea-exploration-218627.html
<![CDATA[News - Predictive Discovery in trading halt ahead of capital raising announcement ]]> https://www.proactiveinvestors.com.au/companies/news/218464/predictive-discovery-in-trading-halt-ahead-of-capital-raising-announcement-218464.html Predictive Discovery Ltd (ASX:PDI) is in a trading halt pending an announcement to the ASX regarding a proposed capital raising.

The trading halt will remain in place until an announcement is released to the market or until the beginning of trading on April 16, 2019, whichever occurs earliest.

READ: Predictive Discovery encouraged by early gold results from Guinea

Predictive, which last traded at 0.9 cents, was encouraged by recent initial stream sediment, rock and soil geochemical results from its Kankan and Nonta projects in the West African country of Guinea.

Bulk leach extractable gold (BLEG) stream sediment sampling over large catchment areas on the properties identified highly encouraging gold stream sediment anomalies.

READ: Predictive Discovery spins diamond drill bit at Ferkessedougou North

Predictive Discovery managing director Paul Roberts said at the time the early results from Kankan and Nonta supported the highly prospective nature of Predictive’s Siguiri Basin targets.

“The stream sediment values reported for Nonta and Kankan are the best results Predictive has received compared with previous BLEG stream sediment surveys we have completed in West Africa in the past five years.”

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Fri, 12 Apr 2019 13:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218464/predictive-discovery-in-trading-halt-ahead-of-capital-raising-announcement-218464.html
<![CDATA[News - Predictive Discovery encouraged by early gold results from Guinea ]]> https://www.proactiveinvestors.com.au/companies/news/218183/predictive-discovery-encouraged-by-early-gold-results-from-guinea-218183.html Predictive Discovery Ltd (ASX:PDI) is encouraged by initial stream sediment, rock and soil geochemical results from the Kankan and Nonta projects in the West African country of Guinea.

Bulk Leach Extractable Gold (BLEG) stream sediment sampling over large catchment areas on these properties has identified highly encouraging gold stream sediment anomalies.

READ: Predictive Discovery spins diamond drill bit at Ferkessedougou North

Nonta rock-chip sampling returned up to 29 g/t gold and identified a new prospect extending at least 300 metres in strike upstream of a major BLEG anomaly and open to the northwest and southeast.

Soil sampling results from Kankan revealed a 6-kilometre-long zone of gold-in-soil anomalies peaking at 570ppb.

Best BLEG results

Managing director Paul Roberts said the early results from Kankan and Nonta supported the highly prospective nature of Predictive’s Siguiri Basin targets.

“The stream sediment values reported for Nonta and Kankan are the best results Predictive has received compared with previous BLEG stream sediment surveys we have completed in West Africa in the past five years.

“The peak BLEG gold values at Nonta and Kankan are 223ppb and 87ppb gold respectively.

“By comparison, our Nyangboue gold discovery on the Boundiali project in Cote D’Ivoire was located upstream of BLEG stream sediment results with a maximum value of 24ppb gold.”

Predictive now holds 400 square kilometres of prospective landholdings in four projects all with widespread artisanal gold workings.

Three are within the Siguiri Basin which hosts AngloGold Ashanti Limited’s (NYSE:AU) (JSE:ANG) plus-10 million-ounce Siguiri mine.

BLEG an effective tool

Predictive utilises BLEG stream sediment sampling as a key first-pass reconnaissance tool on new properties as an effective, low-cost and time-efficient method for screening properties to determine their potential for large bodies of near-surface gold mineralisation.

The company generally focuses its follow-up work on catchment areas yielding BLEG values at or above 15ppb.

Roberts said: “The company will systematically and aggressively follow up these results and complete reconnaissance geochemistry of our new projects in Guinea.”

Subject to continuing positive results, the company plans to trench and/or reconnaissance drill the better targets later in 2019.

Reconnaissance authorisations granted

Predictive has also been granted reconnaissance authorisations for the Yomadou and Boroto prospects in and around the Siguiri Basin.

Exploration has started on these areas which total 200 square kilometres.

Guinea tenement locations on geological map background.

READ: Predictive Discovery identifies three new gold soil anomalies

Boroto, which is within the basin, is close to the Nonta and Souloko authorisations and is considered prospective for gold.

Yomadou, which is in older Archaean rocks south of the basin, has potential for gold and nickel-copper-platinum-palladium mineralisation.

Additionally, officials in Guinea have converted the Kankan and Nonta projects from reconnaissance authorisations to exploration permits.

Roberts added: “With the addition of the Yomadou and Boroto authorisations, we have a strong foothold in Guinea with four 100%-owned properties in a country which we see as a new frontier for gold discovery in West Africa.”

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Tue, 09 Apr 2019 10:54:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218183/predictive-discovery-encouraged-by-early-gold-results-from-guinea-218183.html
<![CDATA[News - Predictive Discovery spins diamond drill bit at Ferkessedougou North ]]> https://www.proactiveinvestors.com.au/companies/news/216990/predictive-discovery-spins-diamond-drill-bit-at-ferkessedougou-north-216990.html Predictive Discovery Ltd (ASX:PDI) has commenced up to 1,000 metres of diamond drilling at its Ferkessedougou North permit in Cote D’Ivoire.

Drilling is designed to explore the shape of the gold mineralised granitic body identified recently by encouraging trenching results that featured 34 metres at 5.29 g/t gold and 92 metres at 1.76 g/t gold.

The trenching results followed earlier reverse circulation (RC) drill results from the same body that featured 25 metres at 3.1 g/t gold from 64 metres depth.

READ: Predictive Discovery and Toro Gold have open pit opportunity in Cote D’Ivoire

Predictive’s managing director Paul Roberts said: “The company is excited by the commencement of diamond drilling at Ferkessedougou North following the outstanding trench results announced in February.

“The trenching identified an elliptical shaped gold mineralised granitic intrusive body approximately 160 metres long and 90 metres wide at surface.

“We are eager to test the mineralised body with deeper drilling. With trenching results pending and drilling now underway on both the Boundiali and Ferkessedougou North Projects, we look forward to a steady stream of new results from the Toro Joint Venture in the coming months.”

READ: Predictive Discovery identifies three new gold soil anomalies

Earlier this month, Predictive discovered three new gold-in-soil anomalies during geochemical sampling at its Boundiali Project in Cote D’Ivoire, also part of the Toro Gold JV.

A trenching program to follow-up the results is underway and drilling is expected to commence once trenching results have been received.

Proactive caught up with the company to discuss their West African gold portfolio earlier this month.

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Fri, 22 Mar 2019 12:23:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216990/predictive-discovery-spins-diamond-drill-bit-at-ferkessedougou-north-216990.html
<![CDATA[News - Predictive Discovery identifies three new gold soil anomalies ]]> https://www.proactiveinvestors.com.au/companies/news/216132/predictive-discovery-identifies-three-new-gold-soil-anomalies-216132.html Predictive Discovery Ltd (ASX:PDI) has discovered three new gold-in-soil anomalies during recent geochemical sampling at its Boundiali Project in Cote D’Ivoire.

The three gold anomalous zones, BN1, BN2, and BN3, have a combined length of 7.7 kilometres within the previously defined 14-kilometre long zone of soil anomalies.

BN1 is 1.6x1.0 kilometres assaying up to 878ppb gold, BN2 is 3.0x0.4 kilometres assaying up to 873ppb gold, and BN3 is 3.1x0.2 kilometres assaying up to 648ppb gold.

A trenching program, totalling at least 2,000 metres is now underway to test highly anomalous parts of the soil anomalies.

Reverse circulation (RC) drilling is expected to commence once the trenching results have been received.

READ: Predictive Discovery and Toro Gold have open pit opportunity in Cote D’Ivoire

The Boundiali Project consists of two permits – Boundiali North and Boundiali South.

The infill soil sampling program consisted of 4,386 samples collected on a 200x50-metre grid at Boundiali North.

This added to soil sampling results from November 2018 (2,157 samples) and August 2018 (1,356 samples).

10,000-metre drilling underway at Nyangboue prospect

A 10,000-metre RC drill program commenced at the Boundiali Project in early March 2019.

The program commenced with infill drilling at the Nyangboue gold prospect within the Boundiali South permit.

The drill rig will then move up to Boundiali North to follow up results of the trenching which is currently underway.

Predictive expects the drilling program to be completed in the June quarter and assays to be revealed as they become available.

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Mon, 11 Mar 2019 11:01:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216132/predictive-discovery-identifies-three-new-gold-soil-anomalies-216132.html
<![CDATA[Media files - Guinea is a 'new frontier' for West African gold prospect generator Predictive Discovery ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12502/guinea-is-a--new-frontier--for-west-african-gold-prospect-generator-predictive-discovery-12502.html Wed, 06 Mar 2019 19:58:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12502/guinea-is-a--new-frontier--for-west-african-gold-prospect-generator-predictive-discovery-12502.html <![CDATA[News - Predictive Discovery and Toro Gold have open pit opportunity in Cote D’Ivoire ]]> https://www.proactiveinvestors.com.au/companies/news/215009/predictive-discovery-and-toro-gold-have-open-pit-opportunity-in-cote-divoire-215009.html Predictive Discovery Ltd (ASX:PDI) specialises in gold exploration in West Africa’s Golden Triangle. It is run by Paul Roberts, a minerals exploration specialist with more than 21 years experience in the mining game, who was a long-time exploration manager for Pasminco in Peru.

What does Predictive Discovery own?

The company has exposure to about 6,000 square kilometres of prospective ground on the West African Birimian greenstone belts of Burkina Faso, Cote D’Ivoire and Guinea.

Predictive runs a prospect generator model to give investors access to a pipeline of early-stage exploration opportunities.

Its portfolio includes wholly-owned and joint venture projects.

The company and its JV partner, privately-held Toro Gold Ltd, have the Ferkessedougou North project (Toro JV) in Cote D’Ivoire together.

The JV started a 10,000-metre drill program this quarter and has completed at least 1,960 metres of trenching this quarter.

A 160-metre long and 90-metre wide elliptical-shaped gold mineralised granitic intrusive body was discovered during the March quarter efforts.

Predictive managing director Paul Roberts told Proactive Investors from West Africa trenching had revealed the potential for an open cut operation at the Toro JV project Ferkessedougou North.

Roberts said the granite was almost continuously mineralised and shaping up to have a “reasonable grade.”

He said mineralisation was broad and its continuity impressive.

The corporate leader, who was an exploration manager for Rio Tinto-founded outfit Pasminco, said the elliptical-shape of the granite body indicated an open pit would have a low strip ratio.

The ore body discovered is expected to yield significant ounces.

Roberts, who was previously a mineral resource discovery team leader for CSIRO, said the ore body’s footprint was small relative to the 200 x 50-metre soil grid.

“We can fit bodies this size on just one soil line or between them so the scope for more discoveries in the 17-kilometre-long zone of anomalies is excellent.”

Intersections from bottle roll assays of channel samples in the Ferkessedougou North trenches included: 34 metres grading 5.29 g/t gold, including 2 metres at 75.70 g/t; and 92 metres grading 1.76 g/t, including 2 metres at 20.60 g/t and 2 metres at 8.04 g/t.

Other results included: 38 metres grading 1.27 g/t, including 2 metres at 7.03 g/t; 78 metres grading 1.3 g/t, including 2 metres at 7.47 g/t; and 22 metres grading 1.6 g/t, including 2 metres at 9.65 g/t.

The trenching was designed to test IP anomalies and help define the geology of mineralised granite intersected in previous reverse circulation drilling in three dimensions.

Additional trench assay results are pending with a follow-up diamond drilling program expected to start in the next three weeks.

The other focus for the Predictive-Toro Gold joint venture is the Boundiali project, also in Cote D’Ivoire’s north.

December quarter results from infill soil sampling over 400m x 100 metres at Boundiali North extended its gold anomalous zone to more than 14 kilometres in length.

Both areas are on the same greenstone belt as the 4.6 million-ounce Tongon and 1 million-ounce Sissingue gold mines.

Predictive also holds ground in Guinea, picking up three reconnaissance authorisations covering 3,000 square kilometres as wholly-owned projects in the December quarter.

The reduced its equity in the Toro JV to 30% from 35% last quarter with a non-contribution of expenditure for the December half.

The cash-saving measure helped Predictive avoid the shareholder dilution of a capital raising and had it end December with $1.5 million cash.

It expects $475,000 of cash outflows in the March quarter, with $285,000 budgeted for exploration.

Inflection points

Drilling and exploration success from Cote D’Ivoire, Guinea and Burkina Faso projects

Strategic investments and joint venture agreements

Divestment and financing activity

State of commodity and financial markets and political regimes

Managing director Paul Roberts pleased with Cote D’Ivoire discovery

“The (Ferkessedougou North) granite is almost continuously mineralised and shaping up to have a reasonable grade,” managing director Paul Roberts told Proactive Investors from West Africa last week.

“Continuity also impressive. It is broad and well suited to a deep open pit, depending on final grade of course, while the continuity is also very impressive.”

 

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Thu, 21 Feb 2019 16:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215009/predictive-discovery-and-toro-gold-have-open-pit-opportunity-in-cote-divoire-215009.html
<![CDATA[News - Predictive Discovery trenching reveals open cut gold mine potential at Cote D’Ivoire project ]]> https://www.proactiveinvestors.com.au/companies/news/214499/predictive-discovery-trenching-reveals-open-cut-gold-mine-potential-at-cote-divoire-project-214499.html Predictive Discovery Ltd’s (ASX:PDI) Ferkessedougou North joint venture project in Cote D’Ivoire is shaping up as a “significant discovery” with broad widths and high-grade gold returned from trenching.

The company’s managing director Paul Roberts told Proactive Investors from West Africa that the trenching had revealed the potential for an open cut operation at the project.

“Previously we had one drill section that we didn’t fully understand but now we can see that the granite is almost continuously mineralised and shaping up to have a reasonable grade.

“Continuity also impressive”

“It is broad and well suited to a deep open pit, depending on final grade of course, while the continuity is also very impressive.”

The trenching has outlined an elliptical-shaped gold mineralised granitic intrusive body about 160 metres long and 90 metres wide.

Roberts said this indicated that an open pit would have a low strip ratio because of the body’s shape.

While this was expected to yield significant ounces, he said the footprint was small relative to the 200 x 50-metre soil grid.

“We can fit bodies this size on just one soil line or between them so the scope for more discoveries in the 17-kilometre-long zone of anomalies is excellent.”

Shares up 40%

There has been a positive response from investors, with shares up 50% to 1.5 cents.

READ: Predictive Discovery’s partner hits high-grade gold in Kokoumbo drilling

Ferkessedougou North is one of two primary focus areas in the Predictive-Toro Gold joint venture with the other being Boundiali, also in Cote D’Ivoire’s north.

These are on the same greenstone belt as the 4.6 million-ounce Tongon and 1 million-ounce Sissingue gold mines.

Predictive Discovery’s West African gold interests.

Intersections from bottle roll assays of channel samples in the trenches include 34 metres at 5.29 g/t gold, including 2 metres at 75.70 g/t, and 92 metres at 1.76 g/t, including 2 metres at 20.60 g/t and 2 metres at 8.04 g/t.

Other results include:

- 38 metres at 1.27 g/t, including 2 metres at 7.03 g/t; - 78 metres at 1.30 g/t, including 2 metres at 7.47 g/t; and - 22 metres at 1.60 g/t, including 2 metres at 9.65 g/t.

The trenching was designed to test IP anomalies and help define the geology of mineralised granite intersected in previous reverse circulation drilling in three dimensions.

Follow-up drilling

Additional trench assay results are pending with a follow-up diamond drilling program expected to begin in the next four weeks.

Trenches at Ferkessedougou North (white bars) on a gridded gold in soil geochemical plan. The latest results are within the cluster of trenches in the south of the soil grid.

In a statement, Roberts said: “These trenches have confirmed the discovery of a significant gold mineralised body at Ferkessedougou North.

“We now know that the thick mineralised drill intercepts reported last year correlate with a wide gold mineralised granitic body at surface.

“The joint venture’s drilling and trenching have only tested a small proportion of the 17-kilometre-long zone of gold-in-soil anomalies so far, highlighting the potential to make more such discoveries on the soil grid.

“We look forward to the start of diamond drilling soon.”

READ: Predictive Discovery to commence 10,000-metre drill program

The upcoming drilling at Ferkessedougou North is in addition to the planned 10,000-metre drilling program the JV will undertake which is expected to begin at the Boundiali project.

The managing director told Proactive that the highly encouraging trenching results had prompted the company to schedule additional drilling at Ferkessedougou North.

He said that the programs would occur independently but would be simultaneous, “at least for some of the time”.

Predictive has interests in around 5,000 square kilometres of highly-prospective land holdings in Cote D’Ivoire.

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Wed, 13 Feb 2019 11:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214499/predictive-discovery-trenching-reveals-open-cut-gold-mine-potential-at-cote-divoire-project-214499.html
<![CDATA[News - Predictive Discovery to commence 10,000-metre drill program ]]> https://www.proactiveinvestors.com.au/companies/news/212648/predictive-discovery-to-commence-10000-metre-drill-program-212648.html Predictive Discovery Ltd (ASX:PDI) and joint venture partner Toro Gold will commence a 10,000-metre drilling program this quarter on its west African gold projects.

The joint venture has focused its Cote D’Ivoire exploration activity on its Boundiali and Ferkessedougou North Projects.

Boundiali has been assessed as the most likely to advance rapidly towards resource definition and drilling will commence there before moving to Ferkessedougo North.

READ: Predictive Discovery’s partner hits high-grade gold in Kokoumbo drilling

Predictive’s managing director Paul Roberts said: “At our most recent JV meeting, it was agreed that Boundiali and Ferkessedougou North represent the best opportunities for making a multi-million-ounce discovery.

“An initial 10,000-metre drill program is planned to target both the 6-kilometre-long Nyangboue gold-in-soil anomaly (on Boundiali) and the 14-kilometre-long Boundiali North soil anomaly.

“With excellent results so far including 30m at 8.3 g/t gold and 20 metres at 10.5 g/t gold and only 2 kilometres of the 20 kilometres of gold-in-soil anomalies drill tested, Boundiali remains underexplored and offers a strong opportunity to expand the known gold mineralised zones in 2019.

“Another key target is the recent gold discovery at Ferkessedougou North, which is currently being tested by trenching and likely to be followed up by drilling later in the field season.”

Predictive moves to 30% ownership in JV

Predictive has decided to reduce its equity in the JV to 30% from 35% via non-contribution of expenditure for the December half.

The decision resulted in the company holding $1.5 million in cash, which is more than it had at the end of the September quarter.

Roberts added: “Our decision to reduce equity in the Toro JV balanced retention of cash reserves in the light of the current unfavourable equity market against maximising our JV share.

“We believe that this decision is in the best interest of shareholders by minimising the need for a dilutive capital raising while holding our JV equity at our target level of 30%.”

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Wed, 16 Jan 2019 13:13:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212648/predictive-discovery-to-commence-10000-metre-drill-program-212648.html
<![CDATA[News - Predictive Discovery’s partner hits high-grade gold in Kokoumbo drilling ]]> https://www.proactiveinvestors.com.au/companies/news/211702/predictive-discoverys-partner-hits-high-grade-gold-in-kokoumbo-drilling-211702.html Predictive Discovery Ltd (ASX:PDI) is encouraged by high-grade gold results received by partner Toro Gold Limited at the Kokoumbo joint venture project in Cote D’Ivoire.

Gold intercepts were recorded in most holes of the 15-hole, 2,000-metre diamond drill program managed by Toro.

Best results were 4.5 metres at 4.22 g/t gold from 57 metres, including 1 metre at 11.15 g/t, and 9 metres at 2.08 g/t from 69 metres.

IP geophysical targets tested

The program was testing IP geophysical targets and recently excavated artisanal gold workings.

Predictive’s managing director Paul Roberts said: “Kokoumbo and the neighbouring Beriaboukro permit cover a large area with numerous gold workings and complex geology.

“The drilling was following up a recently completed IP survey which indicated a strong east-southeast trending zone of chargeability anomalies partly coincident with highly anomalous soil geochemical values.

“These new results are encouraging with further work needed to update our geological understanding and focus in on the best gold mineralised zones in this area.”

READ: Predictive Discovery identifies large soil anomalies within extended 14-kilometre-long gold zone

Kokoumbo project is 45 kilometres north of Newcrest Mining Limited’s (ASX:NCM) Bonikro gold mine and Endeavour Mining Corp’s (TSE:EDV) Agbaou gold mine.

It is within the Oume-Fetekro greenstone belt and is one of several highly-prospective project areas in the Toro JV portfolio.

Predictive Discovery’s West African Gold properties and interests, including Kokoumbo.

The drilling program was carried out by Energold using a man-portable diamond drill rig.

Additional gold intercepts were obtained in the area and more work is required to assess their geological significance.

READ: Predictive Discovery adds to gold portfolio with prospective acquisitions in Guinea and Burkina Faso

Roberts said: “The joint venture has refocused its attention on the Boundiali and Ferkessedougou North permits in northern Cote D’Ivoire.

“Exploration of both permits has made promising starts with excellent initial drilling results and very large discovery potential beneath broad gold geochemical anomalies in both areas.”

Recent exploration in both areas has provided substantial encouragement that requires major follow-up work programs including drilling.

READ: Predictive Discovery maintains potential financial interest in Bobosso Gold Project

“The joint venture is finalising its exploration program for both permits, to be announced in the coming weeks,” Roberts added.

Predictive is exploring in Burkina Faso, Cote D’Ivoire, Mali and Guinea while continuing to evaluate new opportunities throughout West Africa.

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Mon, 24 Dec 2018 14:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211702/predictive-discoverys-partner-hits-high-grade-gold-in-kokoumbo-drilling-211702.html
<![CDATA[Media files - Predictive Discovery expects drilling results from multiple projects through to July ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11676/predictive-discovery-expects-drilling-results-from-multiple-projects-through-to-july-11676.html Fri, 21 Dec 2018 09:30:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11676/predictive-discovery-expects-drilling-results-from-multiple-projects-through-to-july-11676.html <![CDATA[News - Predictive Discovery maintains potential financial interest in Bobosso Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/211362/predictive-discovery-maintains-potential-financial-interest-in-bobosso-gold-project-211362.html Predictive Discovery Ltd (ASX:PDI) has a potential future beneficial financial interest in the Bobosso Gold Project in Cote D’Ivoire.

The company recently made an agreement with the joint venture project’s now 100%-owners Progress Minerals International Inc and West African Venture Investments to exchange Predictive’s former 30% interest in the project for a $515,000 cash payment.

Predictive will also be exposed to any future mine development on up to three gold mines on the Bobosso properties, with rights to receive payments of US$4.30 per reserve ounce.

This reserve ounce royalty will total at least US$2.15 million and Predictive will have no future liability for joint venture contributions.

 

Predictive managing director Paul Roberts said partner-funded drilling was underway at the Cote D’Ivoire joint venture.

A reverse circulation drilling program at Bobosso is being advanced by Progress, having completed 7,232 metres of the planned 7,500.

Highlighted results from the 15 assays received so far include:

37 metres at 2.54 g/t gold, including 1 metre at 15.37 g/t and 5 metres at 5.22 g/t;

18 metres at 3.01 g/t from 49 metres, including 5 metres at 8.04 g/t;

22 metres at 1.97 g/t from 12 metres, including 3 metres at 4 g/t; and

15 metres at 2.47 g/t from 39 metres, including 1 metre at 14.43 g/t.

READ: Predictive Discovery identifies large soil anomalies within extended 14-kilometre-long gold zone

Roberts said: “The company is well-positioned near-term to leverage its exposure to numerous highly-prospective projects in West Africa, increasing the odds of making a significant gold discovery and maximising shareholder return.”

Predictive’s strategic interest in the PJV represents 90 kilometres of gold-mineralised strike length and an existing JORC resource mineral estimate of 184,000 ounces at the Bongou deposit.

Predictive’s aim is to advance the project as quickly as possible towards a scoping study on a multi-pit mining operation feeding a central mill.

  READ: Predictive Discovery adds to gold portfolio with prospective acquisitions in Guinea and Burkina Faso

Predictive recently acquired more than 900 square kilometres of gold-prospective ground across six exploration tenements in Guinea and Burkina Faso.

The acquisition includes three granted reconnaissance authorisations over 300 square kilometres in Guinea and three new 100%-owned exploration permits in Burkina Faso.

Predictive managing director Paul Roberts said the company was very excited to start exploration on large areas of the newly-acquired ground in West Africa.

The Burkina Faso tenements are all outside of Predictive’s existing joint venture tenements with Progress Minerals and comprise one granted permit and two for which fees have been paid.

In Burkina Faso, receipt of the invitation to pay fees on a permit application is a formal acknowledge that grant of the permits will follow.

The three granted reconnaissance authorisations in Guinea are in the well-mineralised Siguiri basin, close to Anglogold Ashanti's (ASX:AGG) plus-10-million-ounce Siguiri Gold Mine.

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Mon, 17 Dec 2018 22:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211362/predictive-discovery-maintains-potential-financial-interest-in-bobosso-gold-project-211362.html
<![CDATA[News - Predictive Discovery adds to gold portfolio with prospective acquisitions in Guinea and Burkina Faso ]]> https://www.proactiveinvestors.com.au/companies/news/210920/predictive-discovery-adds-to-gold-portfolio-with-prospective-acquisitions-in-guinea-and-burkina-faso-210920.html Predictive Discovery Ltd (ASX:PDI) has acquired more than 900 square kilometres of gold-prospective ground across six exploration tenements in Guinea and Burkina Faso.

The acquisition includes three granted reconnaissance authorisations over 300 square kilometres in Guinea and three new 100%-owned exploration permits in Burkina Faso.

 

Predictive managing director Paul Roberts said the company was very excited to start exploration on large areas of the newly-acquired ground in West Africa.

The Burkina Faso tenements are all outside of Predictive’s existing joint venture tenements (PJV) with Progress Minerals International and comprise one granted permit and two for which fees have been paid.

In Burkina Faso, receipt of the invitation to pay fees on a permit application is a formal acknowledge that grant of the permits will follow.

The three granted reconnaissance authorisations in Guinea are in the well-mineralised Siguiri basin, close to Anglogold Ashanti's (ASX:AGG) plus-10-million-ounce Siguiri Gold Mine.

READ: Predictive Discovery identifies large soil anomalies within extended 14-kilometre-long gold zone

Roberts said: “Picking up new ground is further evidence of the company’s prospect generator model being used to great effect and bolstered through our highly effective Predictore methodology which identifies highly-prospective gold targets.

“We are especially focused on picking up ground in our own right so that cash can be allocated to exploration rather than making the large payments commonly demanded by local partners.”

READ: Predictive Discovery receives cash injection, news flow expected

Using its Predictore technology, the company identified the Siguiri basin in Guinea as being both highly-prospective for gold mineralisation and underexplored.

The Siguiri basin is part of the richly-mineralised West African Birimian gold belt and consists largely of metasediments with minor granitic rocks, metavolcanics and mafic to ultramafic intrusives.

Low-cost field work has begun on the three reconnaissance tenements in Guinea including: bulk-leach-extractable-gold stream sediment geochemistry; rock chip sampling; and geological mapping to identify high-grade zones and geochemical targets for follow-up drill testing.

Work at the new Burkina Faso permits is expected to start in the March quarter of 2019 using similar low-cost methods as in Guinea.

Gold recovered by artisanal miners at the Nonta authorisation in Guinea

  READ: Predictive Discovery to commence 20,000-metre drill program

Roberts added: “Partner-funded drilling [is] underway at our joint ventures in Burkina Faso and Cote D’Ivoire.

“The company is well-positioned near-term to leverage its exposure to numerous highly-prospective projects in West Africa, increasing the odds of making a significant gold discovery and maximising shareholder return.”

READ: Predictive Discovery resumes drilling at Bobosso and expects C$493,000 cash payment

Predictive’s strategic interest in the PJV represents 90 kilometres of gold-mineralised strike length and an existing JORC resource mineral estimate of 184,000 ounces at the Bongou deposit.

Progress Minerals can earn a 70% interest in all the PJV permits within the defined ‘area of influence’ by spending US$5 million on exploration and project evaluation.

Predictive’s aim is to advance the project as quickly as possible towards a scoping study on a multi-pit mining operation feeding a central mill.

Exploration work at the PJV includes 20,000 metres of reverse circulation drilling and a large power auger program.

New drilling results are expected in the next month from both Burkina Faso and Cote D’Ivoire.

The Toro joint venture in Cote D’Ivoire is currently undertaking infill soil sampling on the 14-kilometre-long Boundiali North gold-anomalous zone and an induced polarisation survey over the Ferkessedougou North prospect.

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Mon, 10 Dec 2018 23:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210920/predictive-discovery-adds-to-gold-portfolio-with-prospective-acquisitions-in-guinea-and-burkina-faso-210920.html
<![CDATA[News - Predictive Discovery identifies large soil anomalies within extended 14-kilometre-long gold zone ]]> https://www.proactiveinvestors.com.au/companies/news/209869/predictive-discovery-identifies-large-soil-anomalies-within-extended-14-kilometre-long-gold-zone-209869.html Predictive Discovery Ltd’s (ASX:PDI) soil sampling has extended the gold anomalous zone to more than 14-kilometres in length at the Boundiali North project in Côte D’Ivoire.

The infill sampling program on a 400 by 100-metre grid was carried out by Predictive’s joint venture partner Toro Gold Limited.

Two higher-grade anomalies

Within the zone, there are several large coherent higher-grade anomalies including a Northern Zone, which is 1.5-kilometres-long and 900-metres-wide with peak values of 707ppb and 579ppb gold.

There is also a Central zone, which is 2.7-kilometres long with peak values of 317 and 414 ppb.

READ: Predictive Discovery receives cash injection, news flow expected

Predictive’s managing director Paul Roberts said: “These soil results have exceeded our expectations with the zone of gold anomalies now over 14-kilometres in length, substantially larger than the soil anomaly over the Nyangboue prospect to the south.

“Importantly, even with the current broad sample spacing, we are seeing a series of coherent, multi-line anomalies which offer clear focus for anticipated drilling in 2019.”

 

READ: Predictive Discovery and partner Toro Gold identify gold anomalies in Boundiali North

Toro’s soil sampling program builds on a previously completed soil program which identified a 13-kilometre-long zone of gold anomalies with higher gold values including 1,185, 806 and 626 ppb.

There were 2,157 additional samples collected in the infill program, which add to the initial results from 1,356 samples.

The anomalies are clustered around the inferred north-south Nyangboue structure which passes through the Nyangboue gold mineralised zone, which was discovered in 2016.

A series of coherent multi-line gold anomalies have been identified.

Predictive’s projects in Côte D’Ivoire.

Roberts said: “The joint venture has been following a methodical strategy of exploration across the permit and plans to undertake further infill sampling to help refine the anomalies.

“We are excited by this large new anomalous zone which complements the known Nyangboue mineralisation on the adjacent permit to the south.

“Between the two zones, we see good potential for the discovery of large tonnages of gold mineralisation on what appears to be an important gold mineralised structure.”

READ: Predictive Discovery to commence 20,000-metre drill program

The Northern and Central zones are likely candidates for reverse circulation (RC) drilling in 2019.

Toro will this quarter complete further infill sampling to a 200 by 50-metre grid on areas of interest.

Follow-up exploration in the first half of 2019 is expected to include trenching, airborne magnetics and RC drilling.

Predictive is focused on 12 projects across West Africa’s Mali, Côte D’Ivoire and Burkina Faso, a proven and prolific gold region.

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Mon, 26 Nov 2018 10:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209869/predictive-discovery-identifies-large-soil-anomalies-within-extended-14-kilometre-long-gold-zone-209869.html
<![CDATA[Media files - Predictive Discovery sees 'expanding potential for significant gold deposit' at Boundiali ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11311/predictive-discovery-sees-expanding-potential-for-significant-gold-deposit-at-boundiali-11311.html Mon, 26 Nov 2018 10:40:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11311/predictive-discovery-sees-expanding-potential-for-significant-gold-deposit-at-boundiali-11311.html <![CDATA[News - Predictive Discovery receives cash injection, news flow expected ]]> https://www.proactiveinvestors.com.au/companies/news/209234/predictive-discovery-receives-cash-injection-news-flow-expected-209234.html Predictive Discovery Ltd (ASX:PDI) has received payment of C$493,000 (A$515,000) for its 30% equity in the Bobosso Project in Cote D’Ivoire.

This increases the company’s cash holdings to A$1.7 million.

Predictive elected to convert its equity from 30% to 0% in exchange for the upfront payment, allowing zero liability for future costs and bonus payments on the development of up to three mines.

Bonus payments include a minimum of US$2.15 million upon the first mine being developed on Bobooso and US$4.30 per defined ore reserve ounce of gold.

READ: Predictive Discovery to commence 20,000-metre drill program

Predictive’s managing director Paul Roberts said: “The payment from Progress Minerals is an important milestone for the company.

“It represents the fulfilling of a core tenet of our project generator model by realising value while de-risking our exposure to the project and reducing overall expenditure.

“Importantly, the company retains its interest in the Bobosso Project through potential future payments on development of new mines.

“We will continue to update the market on exploration results from this project.

News flow expected over coming months

“Over the coming months we have a stream of results to announce from partner funded exploration including up to 20,000m of drilling in Burkina Faso.

“Bobosso is just one of a number of projects the Company holds across Burkina Faso and Cote D’Ivoire.

“It’s an exciting time for the company with Predictive retaining a pipeline of early stage exploration work across West Africa.”

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Thu, 15 Nov 2018 11:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209234/predictive-discovery-receives-cash-injection-news-flow-expected-209234.html
<![CDATA[News - Predictive Discovery to commence 20,000-metre drill program ]]> https://www.proactiveinvestors.com.au/companies/news/207973/predictive-discovery-to-commence-20000-metre-drill-program-207973.html Predictive Discovery Ltd (ASX:PDI) is set to commence a 20,000-metre drilling program in early November at its joint venture projects in Burkina Faso.

Notably, the reverse circulation (RC) drilling will be funded by joint venture partner Progress Minerals.

Drilling will start with a 5,000-metre program at the Tambiri permit and be followed by a 15,000-metre program testing 10 targets within the Bira, Kalinga and Tantiabongou permits.

READ: Predictive Discovery resumes drilling at Bobosso and expects C$493,000 cash payment

Predictive’s managing director Paul Roberts said: “We believe that there is potential for more than 2 million ounces in resources within the AOI, building on Predictive’s Bongou discovery, excellent recent JV drill results at Bira, and good gold discoveries elsewhere (e.g. Dave and Tambiri prospects).

“The new drill programs will test for extensions of the Tambiri and Bira gold trends where past drilling has discovered very promising gold mineralisation showing excellent continuity and very good initial metallurgical test work results.”

Roberts added: “In recent months, Predictive has also completed several rounds of data analysis and field visits in several West African countries, including Burkina Faso, resulting in numerous tenement applications.

“If and when these applications are granted, we will announce our plans to explore them. The process of turning over new land is central to the prospect generator model with new licences representing the opportunity to uncover the next major gold discovery in West Africa.”

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Mon, 29 Oct 2018 09:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207973/predictive-discovery-to-commence-20000-metre-drill-program-207973.html
<![CDATA[News - Predictive Discovery resumes drilling at Bobosso and expects C$493,000 cash payment ]]> https://www.proactiveinvestors.com.au/companies/news/207890/predictive-discovery-resumes-drilling-at-bobosso-and-expects-c493000-cash-payment-207890.html Predictive Discovery Ltd’s (ASX:PDI) partner on the Bobosso Gold Project in Cote D’Ivoire plans to increase its stake to 100% with a C$493,000 payment to Predictive.

Canada’s Progress Minerals Inc aims to pick up the remaining 70% stake in Bobosso project — including Predictive’s 30% equity — once a few administration requirement conditions are met.

READ: Predictive Discovery shares rise after expanding new gold discovery in Cote D’Ivoire

Predictive’s JV partner West African Mine Investment (WAVI) is also set to benefit from a cash payment.

West Perth company Predictive holds 43% of the JV while WAVI has 57%.

Both sellers will receive development payments on up to three mines from Progress, with the payment for the first mine attracting a US$5 million bounty.

The JV partners will split rewards from the Bobosso project according to their 43:57 ratio of interests, with Predictive set to receive US$2.15 million from the first mine and WAVI US$2.85 million.

The duo is set to enjoy a royalty of US$10 per ore reserve ounce of gold, as defined in a bankable feasibility study for a PDI and WAVI permit.

Predictive will receive US$4.30 an ounce to WAVI’s US$5.70.

 

The Bobosso drilling program now underway is testing possible east-north-east trending zones inferred from joint venture drilling undertaken in December 2017.

Last year’s drilling program of 4,244 metres in 45 holes was followed up by an induced polarisation (IP) survey over the Bobosso prospect in the wet season this year.

Results from the latest program, which will take in 7,500 metres, are expected by the December 2018 financial quarter and will be reported by Predictive as they become available.

READ: Predictive Discovery and partner Toro Gold identify gold anomalies in Boundiali North

Predictive managing director Paul Roberts reported today: “We are pleased to announce that an aggressive drilling program has commenced at Bobosso to follow up on promising drill results.

“The imminent Bobosso payment demonstrates that our prospect generator model is in full operation, allowing the company to de-risk its share in projects such as Bobosso via up-front payments and maintaining payment rights on future mine developments.”

Roberts outlined Predictive’s approach to forming partnership projects to advance opportunities in West Africa in an interview with Proactive Investors Stocktube video channel in August.

READ: Predictive Discovery begins drilling for gold at Kokoumbo project in Cote D’Ivoire

The company’s portfolio includes 12 projects covering 7,500 square kilometres of Côte d’Ivoire, Burkina Faso and Mali.

Another partner in Predictive’s approach is Toro Gold.

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Thu, 25 Oct 2018 18:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207890/predictive-discovery-resumes-drilling-at-bobosso-and-expects-c493000-cash-payment-207890.html
<![CDATA[Media files - Predictive Discovery advancing West Africa ' Golden Triangle' projects via partnerships ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10291/predictive-discovery-advancing-west-africa-golden-triangle-projects-via-partnerships-10291.html Fri, 31 Aug 2018 13:06:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10291/predictive-discovery-advancing-west-africa-golden-triangle-projects-via-partnerships-10291.html <![CDATA[News - Predictive Discovery and partner Toro Gold identify gold anomalies in Boundiali North ]]> https://www.proactiveinvestors.com.au/companies/news/203932/predictive-discovery-and-partner-toro-gold-identify-gold-anomalies-in-boundiali-north-203932.html Predictive Discovery Ltd (ASX:PDI) and joint venture partner Toro Gold have identified a series of new gold anomalies extending for 13 kilometres from soil geochemistry sampling at the new Boundiali North permit in Côte D’Ivoire.

The program covered most of the Boundiali North Permit and consisted of 6,338 samples, collected on a 400 x 100 metres grid.

The results from 1,356 samples include highlight assays of 1,185, 806 and 626 ppb gold.

Soil geochemistry program results showing all areas of gold values exceeding 20 ppb gold, with +100 ppb gold values highlighted as red dots.

Predictive managing director Paul Roberts said” “The company is encouraged by the results from this extensive soil program.

“The Boundiali exploration program is capably managed and funded by our trusted joint venture partner, Toro Gold.

“This 13 kilometres zone of anomalies adds substantially to the list of potential drill targets on the two permits comprising the Boundiali Project.”

READ: Predictive Discovery begins drilling for gold at Kokoumbo project in Cote d’Ivoire

Infill samples will now be assayed to delineate the soil in gold anomalies more accurately.

The next steps will be to complete the 400 x 100 metres soil infill analyses and then infill the sampling further (to 200 x 50 metres) on areas of interest in the December quarter.

Follow-up exploration after that is expected to involve trenching, geophysics and reverse circulation (RC) drilling.

Predictive Discovery's projects in Cote d'Ivoire

Roberts added: “The reported results are located on a very broad grid, meaning that infill soil assay results will more closely define the gold anomalies for follow-up and can reasonably be expected to yield some higher gold values.”

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Fri, 31 Aug 2018 11:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203932/predictive-discovery-and-partner-toro-gold-identify-gold-anomalies-in-boundiali-north-203932.html
<![CDATA[News - Predictive Discovery begins drilling for gold at Kokoumbo project in Cote d’Ivoire ]]> https://www.proactiveinvestors.com.au/companies/news/203261/predictive-discovery-begins-drilling-for-gold-at-kokoumbo-project-in-cote-divoire-203261.html Predictive Discovery Ltd (ASX:PDI) has started a diamond drilling program, targeting high-grade gold mineralisation at its Kokoumbo Project in Cote d’Ivoire.

The program will comprise up to 2,500 metres of drilling and will test the mineralisation beneath artisanal workings and geophysical and soil anomalies.

The drilling comes after the company completed an induced polarisation (IP) survey which identified anomalies that provide walk up drill-targets.

 

Predictive managing director Paul Roberts said the company was very happy with the IP survey results.

Roberts said: “Several strong anomalies were detected and indicate the potential for high-grade gold mineralisation.

“The follow-up drill program is now underway and we look forward to presenting the results to market.”

READ: Predictive Discovery shares rise as directors continue to snap up shares

The results of the IP survey indicated a strong east-southeast trending zone of chargeability anomalies, partly coincident with highly anomalous soil geochemical values previously reported by Predictive’s joint venture partner Toro Gold.

To the south are a series of new artisanal gold workings, associated with more subtle IP anomalies, which are generating significant gold values for artisanal miners.

The first drill holes will test the area of artisanal workings while most of the program will test the extensive strong IP anomalies.

Predictive Discovery's projects in Cote d'Ivoire

  READ: Predictive Discovery shares rise after expanding new gold discovery in Cote d’Ivoire

Kokoumbo covers an area of historic artisanal and French colonial-era mining in a highly-prospective rock belt.

Soil sampling has identified a series of impressive geochemical gold anomalies, many of which remain untested by drilling.

Cote d’Ivoire covers more than a third of West Africa’s highly prospective Birimian gold belt.

Due to previous political instability the region’s potential has not been realised, but since the country has stabilised mining investment has flooded to gold exploration.

Roberts said: “West Africa is one of the most prospective gold regions in the world, with the highly underexplored Birimian gold belt already home to numerous established mines.

“Through our strategy of exploration-partnership-growth we are maximising the value of our large West African ground portfolio.”

Other notable gold mines in the area include the Bonikro mine owned by F&M Gold Resources Ltd, the Tongon mine owned by Randgold Resources Ltd (LON:RRS), and the Agbaou and Ity mines owned by Endeavour Mining Corporation (TSX:EDV).

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Mon, 20 Aug 2018 22:05:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203261/predictive-discovery-begins-drilling-for-gold-at-kokoumbo-project-in-cote-divoire-203261.html
<![CDATA[News - Predictive Discovery chairman steps in to buy shares ]]> https://www.proactiveinvestors.com.au/companies/news/201185/predictive-discovery-chairman-steps-in-to-buy-shares-201185.html Predictive Discovery Ltd (ASX:PDI) has received a vote of confidence from its chairman Phillip Jackson who has acquired 500,000 shares.

Notably, Jackson is the third board member to be revealed purchasing shares in the company this month.

Managing director Paul Roberts and non-executive director David Kelly also increased their shareholding in the company recently.

READ: Predictive Discovery shares rise as directors continue to snap up shares

Earlier this month, Predictive presented its West African gold portfolio to the Sprott Symposium investment conference in Vancouver, Canada.

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Fri, 20 Jul 2018 09:25:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201185/predictive-discovery-chairman-steps-in-to-buy-shares-201185.html
<![CDATA[News - Predictive Discovery shares rise as directors continue to snap up shares ]]> https://www.proactiveinvestors.com.au/companies/news/200999/predictive-discovery-shares-rise-as-directors-continue-to-snap-up-shares-200999.html Predictive Discovery Ltd’s (ASX:PDI) shares are trading about 10% higher intra-day at 2.3 cents following recent share purchases by managing director Paul Roberts and fellow director David Kelly.

Globally renown Canadian resources investor Sprott has a 13% interest in Predictive. Predictive is presenting at the Sprott Resource Symposium in Vancouver, Canada which has now commenced.

Predictive recently received fire assay re-analyses from drilling at the new Ferkessedougou North gold discovery, part of its Toro Joint Venture in Cote D’Ivoire.

Best assay intersects include 25 metres at 3.06 g/t gold from 64 metres including 13 metres at 5.35 g/t gold.

READ: Predictive Discovery’s West African gold strategy receives vote of confidence from managing director

Notably, Ferkessedougou North is only one of Predictive’s growing group of West African prospects with excellent drilling results (e.g. Bira and Bongou in Burkina Faso and Nyangboue-Boundiali in Cote D’Ivoire).

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Wed, 18 Jul 2018 12:42:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200999/predictive-discovery-shares-rise-as-directors-continue-to-snap-up-shares-200999.html
<![CDATA[News - Predictive Discovery’s West African gold strategy receives vote of confidence from managing director ]]> https://www.proactiveinvestors.com.au/companies/news/199915/predictive-discoverys-west-african-gold-strategy-receives-vote-of-confidence-from-managing-director-199915.html Predictive Discovery Ltd’s (ASX:PDI) managing director Paul Roberts is continuing to snap up shares from the market and has now increased his shareholding to more than 3 million shares.

READ: Predictive Discovery’s managing director buys shares on market

Roberts bought 619,045 shares for $13,619 today, bringing the total acquired during the last two weeks to 880,923 shares and 500,000 listed options.

Predictive’s managing director now holds 3,079,123 ordinary shares and 4,515,021 options in the company.

READ: Predictive Discovery shares rise after expanding new gold discovery in Cote D’Ivoire

Last week, Predictive received fire assay re-analyses from drilling at the new Ferkessedougou North gold discovery, part of its Toro Joint Venture in Cote D’Ivoire.

Best assay intersects include 25 metres at 3.06 g/t gold from 64 metres including 13 metres at 5.35 g/t gold.

Notably, Ferkessedougou North is only one of Predictive’s growing group of West African prospects with excellent drilling results (e.g. Bira and Bongou in Burkina Faso and Nyangboue-Boundiali in Cote D’Ivoire).

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Mon, 02 Jul 2018 14:12:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199915/predictive-discoverys-west-african-gold-strategy-receives-vote-of-confidence-from-managing-director-199915.html
<![CDATA[News - Predictive Discovery shares rise after expanding new gold discovery in Cote D’Ivoire ]]> https://www.proactiveinvestors.com.au/companies/news/199540/predictive-discovery-shares-rise-after-expanding-new-gold-discovery-in-cote-divoire-199540.html Predictive Discovery Ltd (ASX:PDI) has received all fire assay re-analyses from drilling at the new Ferkessedougou North gold discovery, part of the Toro Joint Venture in Cote D’Ivoire.

Best assay intersects include:

• 25 metres at 3.06 g/t gold from 64 metres including 13 metres at 5.35 g/t gold;
• 14 metres at 1.20 g/t gold from 25 metres; and
• 9 metres at 1.47 g/t gold from 39 metres.

Predictive managing director Paul Roberts said: “With these results, Ferkessedougou North is assuming increasing importance in our growing group of West African prospects with excellent drilling results (e.g. Bira and Bongou in Burkina Faso, and Nyangboue-Boundiali in Cote D’Ivoire).

“This first drill program on Ferkessedougou North has just scratched the surface of the permit’s gold mineralisation potential.”

Ferkessedougou North along with other permits in which Predictive has an interest in Cote D’Ivoire

Roberts added: “We have only drill tested a very small proportion of the gold-in-soil geochemical anomaly, which is 17 kilometres long and several kilometres wide.

“Gold mineralisation is mostly associated with sheared granitic dykes; there are indications of many such dykes in the area but most of these have not even been even located accurately on the ground, let alone drilled.

“This is clearly a large-scale target, potentially with numerous gold mineralised bodies. We look forward to more drilling after the rainy season ends.”

Next Steps

Predictive and Toro Gold are currently discussing the follow-up work program at Ferkessedougou North, which is expected to include more trenching and geochemical sampling to firm up additional drill targets.

This will be followed by reverse circulation drilling and possibly supplemented by limited diamond drilling. Work will re-commence after the end of the current rainy season.

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Tue, 26 Jun 2018 13:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199540/predictive-discovery-shares-rise-after-expanding-new-gold-discovery-in-cote-divoire-199540.html
<![CDATA[News - Predictive Discovery’s managing director buys shares on market ]]> https://www.proactiveinvestors.com.au/companies/news/199436/predictive-discoverys-managing-director-buys-shares-on-market-199436.html Predictive Discovery Ltd (ASX:PDI) has received a vote of confidence from its managing director Paul Roberts who has purchased shares on market recently.

A disclosure document revealed Roberts purchased nearly 81,000 shares to increase his total holding to about 2.28 million shares.

READ: Predictive Discovery shares ride higher following gold hits in Burkina Faso

Last week, Predictive received additional power auger drill results along strike from its Bira Prospect within the Burkina Faso joint venture with Progress Minerals.

Results included 27 metres at 1.83 g/t gold from 23 metres and support the potential to find large tonnages of gold mineralisation in the large area.

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Mon, 25 Jun 2018 08:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199436/predictive-discoverys-managing-director-buys-shares-on-market-199436.html
<![CDATA[News - Predictive Discovery shares ride higher following gold hits in Burkina Faso ]]> https://www.proactiveinvestors.com.au/companies/news/199093/predictive-discovery-shares-ride-higher-following-gold-hits-in-burkina-faso-199093.html Predictive Discovery Ltd (ASX:PDI) has received additional power auger drill results along strike from the Bira Prospect on the Burkina Faso joint venture with Progress Minerals.

Significant drill intercepts include:

• 27 metres at 1.83 g/t gold from 23 metres.
• 33 metres at 1.42 g/t gold from 51 metres; and
• 22 metres at 1.55 g/t gold from 115 metres.

The company’s shares are trading about 11% higher intra-day, at 2.1 cents.

READ: Predictive Discovery obtains 97% gold recoveries at growing Bira prospect

Predictive managing director Paul Roberts said: “With these results, we can now see the scale of the opportunity south-west of Bira.

“There is excellent potential to find very large tonnages of gold mineralisation in this large area, building on the 800 metres of gold mineralised strike length already outlined by the recent RC drill program.”

Interestingly, gold anomalies south-west of Bira now extend for 20 kilometres of strike length, twice what was revealed one month ago.

Predictive has planned up to 20,000 metres of drilling on seven prospects, which is expected to start in November-December 2018 after the rainy season.

The gold project generator is progressing across its portfolio of projects and exploration licenses in Burkina Faso, Côte d’Ivoire, and Mali.

Roberts added: “Elsewhere, work continues apace across our West African portfolio.

“In Cote D’Ivoire on the Toro Joint Venture, an IP geophysical survey is currently underway on Kokoumbo (near Bonikro Mine) along with soil geochemical sampling on 16km of untested Nyangboue Shear zone at Boundiali North, northern Cote D’Ivoire.

“We are also awaiting a large number of gold assays from the Ferkessedougou North RC drill program.

“Diamond drilling is planned on Kokoumbo in July-August. We are also in discussions with multiple permit holders in Mali.”

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Tue, 19 Jun 2018 15:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199093/predictive-discovery-shares-ride-higher-following-gold-hits-in-burkina-faso-199093.html
<![CDATA[Media files - Predictive Discovery 'looking for a big field season' after West Africa rainy season ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9592/predictive-discovery-looking-for-a-big-field-season-after-west-africa-rainy-season-9592.html Fri, 15 Jun 2018 18:09:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9592/predictive-discovery-looking-for-a-big-field-season-after-west-africa-rainy-season-9592.html <![CDATA[News - Predictive Discovery moves to a free carry position at Bobosso ]]> https://www.proactiveinvestors.com.au/companies/news/198651/predictive-discovery-moves-to-a-free-carry-position-at-bobosso-198651.html Predictive Discovery Ltd (ASX:PDI) is delivering on its strategy to maximise exploration activity on multiple projects while minimising expenditure.

This reduces the requirement for dilutive capital raisings.

Predictive has now signed a Memorandum of Understanding with Progress Minerals and West African Ventures Investment LLC on the Bobosso project in Cote D’Ivoire.

Under this agreement, Predictive will not be required to fund a 30% share of future joint venture exploration costs and will be entitled to one or more payments in cash and/or shares.

The agreement is subject to compliance with several conditions precedent.

Paul Roberts, managing director for Predictive, commented:

"This development is a natural outcome of Predictive’s prospect generator strategy.

"At Bobosso, following completion of two drill programs in the past year, we have concluded that this complex gold mineralised system is likely to require a very large investment in exploration and evaluation to have a chance of being developed.

"Therefore, in the interests of our shareholders, we have decided to convert our equity to an effective free carry position now and focus Predictive's expenditure on other areas, including three promising gold discoveries elsewhere at Nyangboue/Boundiali, Ferkessedougou North and Bira.

"If one or more mine developments are eventually achieved at Bobosso, the company would consider returning the majority of payments made under this agreement to shareholders."

Key details of the deal

- Progress will pay predictive C$0.5 million in cash on achievement of several conditions precedent and take ownership of its current 30% equity.

- Mine development payments: On the first development of a commercial mining operation on each of the three permit areas, Progress will pay US$10/ore reserve ounce of gold as defined in a bankable feasibility study for the relevant permit to Predictive and West African Ventures Investment.

- The C$0.5 million cash payment will be used to support Predictive’s activities in Cote D’Ivoire, Burkina Faso and Mali.

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Tue, 12 Jun 2018 11:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198651/predictive-discovery-moves-to-a-free-carry-position-at-bobosso-198651.html
<![CDATA[News - Predictive Discovery assays widespread gold in initial drill results ]]> https://www.proactiveinvestors.com.au/companies/news/197780/predictive-discovery-assays-widespread-gold-in-initial-drill-results-197780.html Predictive Discovery Ltd (ASX:PDI) has received initial drill results from the Ferkessedougou North exploration permit in Cote D’Ivoire.

Reverse circulation (RC) drilling was testing gold anomalies targeted through several phases of soil sampling and geological mapping.

Highlights from the 80-hole, 4,989-metre program include 13 metres at 5.35 g/t gold from 76 metres including 2 metres at 23.45 g/t gold.

READ: Predictive Discovery making progress with gold projects in West Africa

Predictive’s managing director Paul Roberts said: “These results are a very encouraging start to drill testing a very large area of gold-in-soil geochemical anomalies.

"The program has only tested a very small proportion of the gold anomalies on short, widely spaced drill sections.

“…potential for large tonnages of gold mineralisation on the permit”

"The mineralisation is mostly associated with sheared granitic dykes but, at this stage, we do not know how many are present in the area and what proportion are gold mineralised.

"Interpretation of a recent aeromagnetic survey over the permit suggests that there could be many granitic dykes through the area, however, indicating potential for large tonnages of gold mineralisation on the permit."

Bottle roll results from 51 holes

Bottle roll results, a partial gold extraction method, have been received from 51 holes and 3,185 samples.

Check fire assays on selected intervals obtained significantly higher gold grades from gold mineralised intercepts.

Bottle roll results received (which may underestimate grades and/or widths significantly) include:

• 13 metres at 0.81 g/t gold from 4 metres;
• 35 metres at 0.50 g/t gold from 25 metres;
• 13 metres at 0.81 g/t gold from 98 metres;
• 12 metres at 1.23 g/t gold from 51 metres;
• 21 metres at 0.87 g/t gold from 20 metres;
• 13 metres at 2.76 g/t gold from 76 metres; and
• 2 metres at 4.66 g/t gold from 45 metres.

Bottle roll assays for the remaining 29 holes and check fire assay results for most gold mineralised intercepts are pending.

Ferkessedougou North part of a large West African gold portfolio

Predictive's interests in Cote D’Ivoire.

Roberts added: “This new gold discovery adds to the expanding list of joint-venture funded PDI gold prospects generating excellent drilling results (e.g. Bira and Nyangboue).

“At the same time, we will continue assessing and acquiring new West African properties that we can explore in our own right.”

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Tue, 29 May 2018 12:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197780/predictive-discovery-assays-widespread-gold-in-initial-drill-results-197780.html
<![CDATA[News - Predictive Discovery obtains 97% gold recoveries at growing Bira prospect ]]> https://www.proactiveinvestors.com.au/companies/news/196957/predictive-discovery-obtains-97-gold-recoveries-at-growing-bira-prospect-196957.html Predictive Discovery Ltd (ASX:PDI) has received test work and drilling results from its Bira gold prospect within the Burkina Faso joint venture with Progress Minerals International.

Significantly, bottle roll tests on five reverse circulation (RC) drill intersection composites obtained calculated gold recoveries of at least 97%. 

Secondly, final RC drill results from Bira featured 9 metres at 1.23 g/t gold from 8 metres depth and confirm known mineralisation to be 800 metres in length and open to the south.

Finally, results from auger drilling nearby to the Bira prospect have extended the strike length of the anomaly to 10 kilometres.

READ: Predictive Discovery making progress with gold projects in West Africa

Predictive’s managing director Paul Roberts said: “The initial bottle roll tests suggest that good gold recoveries could be obtained from a future, conventional cyanide leaching circuit.

“The RC drilling has shown that the gold mineralisation is at least 800m long, open to the south and at depth.

“Directly south of the drilling, we now know there is a 10-kilometre long zone of power auger geochemical anomalies in which there is ample room to make a large gold discovery, which would add to the calculated resources and other gold mineralised zones known at and around the Bongou gold deposit.”

Final 13 holes of RC drill program received

The final 13 holes from the 49-hole, 5,129-metre RC drilling program have been received.

Drilling tested to a maximum vertical depth of 120 metres and explored a strike length of 900 metres along the known gold mineralised trend.

The new drilling has now expanded the known gold mineralised trend to a strike length of 800 metres.

More RC drilling is expected after the rainy season, estimated to commence in the December quarter.

Scout auger drilling program is ongoing

auger drilling over and to the south of the known gold mineralisation at Bira has been underway since December 2017.

Results have now been received for a further 812 holes totaling 4,147 metres and show that anomalous gold values now extend over at least 10 kilometres to the south and south-west of the RC drilled area.

This indicates substantial potential to discover more gold mineralisation along strike from the Bira prospect.

The power auger program is ongoing and will continue until the rainy season commences which is likely to be in late June or during July.

Drilling results from Cote D’Ivoire expected soon

Roberts added: “Elsewhere in Predictive’s large portfolio, work is advancing rapidly on multiple fronts, both in Cote D’Ivoire and Mali.

“We expect to have drilling results from Ferkessedougou North in Cote D’Ivoire to report in the next few weeks”

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Tue, 15 May 2018 10:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196957/predictive-discovery-obtains-97-gold-recoveries-at-growing-bira-prospect-196957.html
<![CDATA[News - Predictive Discovery making progress with gold projects in West Africa ]]> https://www.proactiveinvestors.com.au/companies/news/196862/predictive-discovery-making-progress-with-gold-projects-in-west-africa-196862.html Predictive Discovery Ltd’s (ASX:PDI) is mainly targeting gold ore resources in West Africa, an area that appeals to management given its history of delivering large resources.

The company is particularly focused on Burkina Faso and Cote D'Ivoire.

The Burkina Faso projects are within the Birimian gold belts in West Africa which contain numerous gold discoveries, a number of which are in production.

Promising recent results in Burkina Faso

As recently as April Predictive Discovery had some promising exploration success at its Bira prospect in Burkina Faso.

Assay results from a 5.1-kilometre reverse circulation drilling program included 33 metres at 1.4 g/t gold and 14 metres at 1.8 g/t gold.

Further results are pending, and with mineralisation open along strike and down dip this is a prospect to watch.

READ: Predictive Discovery triples length of gold zone at Bira in Burkina Faso

Managing director Paul Roberts said: “With these new results, the Bira mineralisation is starting to shape up as an important addition to the PDI portfolio of high potential gold prospects.

“Coupled with the extension of known gold, power auger anomalies for 5 kilometres south of the drilled zone, the results suggest that the Bira trend may add substantially to the inventory of gold mineralisation on the Burkina Faso joint venture properties.”

 

 

Tenements cover 90 kilometres of strike length

Predictive Discovery’s tenement holdings in Burkina Faso are in the east of the country, covering about 90 kilometres of strike length of the Samira Hill Greenstone Belt.

This belt hosts the 2.5-million ounce Samira Hill gold deposit across the border in Niger.

While gold mineralisation has been identified on multiple prospects in the area controlled by the company, Bira is closest to Samira Hill.

Joint venture with Progress aimed at early scoping study

Predictive Discovery, along with joint venture partner Progress Minerals International, has accelerated its exploration efforts in Burkina Faso.

The joint venture is aiming to advance exploration with a view to possibly expediting a scoping study on a multi-pit mining operation feeding a central mill.

An agreement negotiated in September 2017 allows Progress to earn a 70% interest in all permits within the area of influence in eastern Burkina Faso.

In order to be granted its earn-in rights, Progress is required to invest $5 million in exploration and project evaluation.

Nyangboue prospect features high-grade mineralisation

Predictive Discovery is also targeting a highly prospective area in Cote d’Ivoire, which is part of the Boundiali permit.

This permit is directly north of the Nyangboue gold discovery.

It covers 16 kilometres of the interpreted north-trending structure which is inferred to control both the Nyangboue mineralisation and an arsenic-gold anomalous trend which extends south from there to the Nyangboue South prospect.

Acquisition of up to 85% on completion of DFS

The permit is held by local Cote D’Ivoire company DS Resources SARL (DSR).

Predictive Discovery Cote D’Ivoire SARL has negotiated an agreement with DSR to acquire up to 85% ownership of the permit on completion of a definitive feasibility study.

Previous drilling results have included 20 metres at 10.4 g/t gold from 38 metres, 30 metres at 8.3 g/t from 39 metres and 9 metres at 7.9 g/t from 99 metres.

At this stage, follow-up geological interpretation has led management to point to a possible mining strategy.

Given the widths and grades in this central zone, the company believes there is the potential to discover a viable underground mining target.

This would possibly involve continuing a considerable distance down plunge to the north beyond the limit of the shallow, potentially open-pittable mineralisation. 

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Mon, 14 May 2018 09:39:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196862/predictive-discovery-making-progress-with-gold-projects-in-west-africa-196862.html
<![CDATA[News - Predictive Discovery triples length of gold zone at Bira in Burkina Faso ]]> https://www.proactiveinvestors.com.au/companies/news/195808/predictive-discovery-triples-length-of-gold-zone-at-bira-in-burkina-faso-195808.html Predictive Discovery Ltd (ASX:PDI) has tripled the length of the gold mineralised zone at Bira prospect, which is part of the Eastern Burkina Faso Joint Venture with Progress Minerals International.

Recent reverse circulation (RC) drilling to test the zone has extended the strike length to at least 600 metres and it is open to the south.

Power auger drilling over and to the south of the known gold mineralisation at Bira also shows that anomalous gold values extend over at least 5 kilometres to the south and southwest of the drilled area.

Potential along strike

This indicates potential to discover more gold mineralisation along strike from the Bira prospect.

Managing director Paul Roberts said: “With these new results, the Bira mineralisation is starting to shape up as an important addition to the PDI portfolio of high potential gold prospects.

“Coupled with the extension of known gold power auger anomalies, the results suggest that the Bira trend may add substantially to the inventory of gold mineralisation on the JV properties.”

 

The RC drilling was designed to validate earlier results reported by Anglo American subsidiary Anmercosa in the late 1990s and to explore for extensions along strike.

The company has received a second batch of assay results from 22 holes for 2,323 metres out of a total of 5,129 metres with results from the final 13 holes expected soon.

Best results were 33 metres at 1.42 g/t gold from 51 metres, 21 metres at 1.39 g/t from 72 metres, 16 metres at 1.13 g/t from 42 metres, 14 metres at 1.42 g/t from 98 metres and 29 metres at 0.99 g/t from 79 metres.

Consistent results

All but three holes assayed so far contain reportable gold values above a 0.5 g/t cut-off grade.

Roberts said: “The JV will consider the next drilling program once all drill results have been received and assessed.”

READ: Predictive Discovery expands portfolio into Mali targeting gold and lithium

Predictive’s Burkina Faso tenement holdings are in the country’s east and cover about 90 kilometres of strike length of the Samira Hill greenstone belt.

Predictive’s tenements in eastern Burkina Faso.

This belt hosts the 2.5 million ounce Samira Hill gold deposit across the border in Niger and contains numerous active artisanal gold mine sites along its length.

The joint venture with Progress Minerals began on September 30, 2017.

It allows Progress to earn a 70% interest in all permits within the area of influence by spending $US5 million on exploration and project evaluation.

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Thu, 26 Apr 2018 12:42:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195808/predictive-discovery-triples-length-of-gold-zone-at-bira-in-burkina-faso-195808.html
<![CDATA[Media files - Predictive Discovery anticipates substantial news flow throughout 2018 ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9132/predictive-discovery-anticipates-substantial-news-flow-throughout-2018-9132.html Tue, 24 Apr 2018 20:22:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9132/predictive-discovery-anticipates-substantial-news-flow-throughout-2018-9132.html <![CDATA[News - Predictive Discovery enhances gold potential in Cote D’Ivoire by adding new ground ]]> https://www.proactiveinvestors.com.au/companies/news/194693/predictive-discovery-enhances-gold-potential-in-cote-divoire-by-adding-new-ground-194693.html Predictive Discovery Ltd (ASX:PDI) has substantially expanded its ground position north of the Nyangboue gold discovery in the Toro Gold Joint Venture in Cote D’Ivoire.

Grant of the Boundiali North permit in the Toro JV has added 16 kilometres of strike length to the same structural trend which hosts the Nyangboue discovery.

Drilling in 2016 and 2017 identified a 1.2 kilometre long zone of gold mineralisation at Nyangboue including 30 metres at 8.3 g/t gold from 39 metres and 28 metres at 4.0 g/t gold from 3 metres.

READ: Predictive Discovery drill results reveal emerging West Africa gold discovery

Predictive managing director Paul Roberts said: “Addition of the Boundiali North permit to the Toro Joint Venture ground holdings on the Nyangboue trend has expanded the area’s potential significantly.

“Also, interpretation of the recent aeromagnetic data has identified a possible geological explanation for the zone of high grade mineralisation found in the centre of the Nyangboue soil anomaly and points to previously unrecognised high grade down-plunge gold potential.

“Diamond drilling to test this new geological concept possibly combined with reconnaissance RC drilling of new gold-in-soil geochemical anomalies in Boundiali North is expected by the second half of 2018.”

Predictive Discovery now striking gold in three West African nations

Predictive’s ongoing drill programs with various joint venture partners at multiple sites in Burkina Faso and Cote D’Ivoire have been producing promising assay results.

The company is also undertaking reconnaissance field work in southern Mali under three exploration authorisations.

Further drill programs in Cote D’Ivoire

Regional scale soil geochemistry on the Boundiali North permit is about to commence.

Predictive and Toro will also plan the next drilling programs after the Ferkessedougou South drill program in Cote D’Ivoire, which is expected to commence soon.

Drill programs under consideration will include both the Boundiali and Kokoumbo permits.

Predictive’s next drilling program will either be undertaken before the commencement of the rainy season in July or immediately thereafter in the December quarter.

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Wed, 11 Apr 2018 12:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194693/predictive-discovery-enhances-gold-potential-in-cote-divoire-by-adding-new-ground-194693.html
<![CDATA[Media files - Predictive Discovery now striking gold in three West African nations ]]> https://www.proactiveinvestors.com.au/companies/stocktube/8945/predictive-discovery-now-striking-gold-in-three-west-african-nations-8945.html Mon, 26 Mar 2018 20:41:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/8945/predictive-discovery-now-striking-gold-in-three-west-african-nations-8945.html <![CDATA[News - Predictive Discovery expands portfolio into Mali targeting gold and lithium ]]> https://www.proactiveinvestors.com.au/companies/news/193583/predictive-discovery-expands-portfolio-into-mali-targeting-gold-and-lithium-193583.html Predictive Discovery Ltd (ASX:PDI) has been granted three exploration authorisations covering 250 square kilometres in southern Mali.

All three areas are in the vicinity of recorded gold and lithium occurrences.

Field work on the new tenure has commenced, which includes stream sediment sampling, rock chip sampling, geological mapping and geophysical data interpretation.

Exploration authorisations act as a free option

Exploration authorisations in Mali give holders the rights to undertake reconnaissance field work and, if warranted, make a full exploration permit application within four months of grant.

No fees are payable, so they represent a free option to assess an area’s potential before applying for long-term tenure.

Considering option and joint venture agreements

Predictive’s managing director Paul Roberts said: “We are very excited to start exploration in Mali, a country with great potential for large new greenfields gold discoveries.

“We started work on an assessment of opportunities in the country, using our Predictore methodology, in mid-last year, with initial field inspections of priority areas in late 2017.

“While these new authorisations give us an initial foothold in the country, we are also in discussions with local permit holders regarding possible option/joint venture agreements with the aim of expanding our footprint in the country further.”

READ: Predictive Discovery drill results reveal emerging West Africa gold discovery

Earlier this week Predictive received initial drill results from an ongoing 5,000-metre reverse circulation (RC) drill program on the Bira prospect within the Burkina Faso Joint Venture.

Results have been received for 14 holes, totalling 1,496 metres of the planned 5,000 metres.

Assays received include 17 metres at 1.74 g/t gold from 2 metres and 27 metres at 1.83 g/t gold from 23 metres.

Significantly, these initial drill results confirm that the Bira gold mineralisation is highly consistent, continuous and open in all directions.

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Thu, 22 Mar 2018 08:36:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193583/predictive-discovery-expands-portfolio-into-mali-targeting-gold-and-lithium-193583.html
<![CDATA[News - Predictive Discovery drill results reveal emerging West Africa gold discovery ]]> https://www.proactiveinvestors.com.au/companies/news/193416/predictive-discovery-drill-results-reveal-emerging-west-africa-gold-discovery-193416.html Predictive Discovery Ltd (ASX:PDI) has received initial drill results from an ongoing 5,000-metre reverse circulation (RC) drill program on the Bira prospect within the Burkina Faso Joint Venture.

Results have been received for 14 holes, totalling 1,496 metres of the planned 5,000 metres.

Assays received include 17 metres at 1.74 g/t gold from 2 metres and 27 metres at 1.83 g/t gold from 23 metres.

READ: Predictive Discovery drilling aims to boost West African gold joint venture prospects

Predictive’s managing director Paul Roberts said: “These new RC drill results confirm that the Bira gold mineralisation is highly consistent, continuous and open in all directions.

“In addition, the new power auger results indicate promising potential for over three kilometres to the south.

“The rapid progress and excellent results from Progress Minerals on our Burkina ground are very pleasing. We await the next batch of drill results with great interest”.

Predictive has discovered gold mineralisation on multiple prospects in Eastern Burkina Faso

Predictive’s current tenement holdings in Burkina Faso cover 90 kilometres of strike length of the Samira Hill greenstone belt.

This belt hosts the 2.5 million ounce Samira Hill gold deposit across the border in Niger and contains numerous active artisanal gold mine sites along its length.

Predictive has discovered gold mineralisation on multiple prospects in Eastern Burkina Faso area.

Joint venture partner, Progress Minerals International can earn a 70% interest in the above area by spending $US5 million on exploration and project evaluation.

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Tue, 20 Mar 2018 08:54:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193416/predictive-discovery-drill-results-reveal-emerging-west-africa-gold-discovery-193416.html
<![CDATA[News - Predictive Discovery drill results support emerging gold discovery in West Africa ]]> https://www.proactiveinvestors.com.au/companies/news/192637/predictive-discovery-drill-results-support-emerging-gold-discovery-in-west-africa-192637.html Predictive Discovery Ltd (ASX:PDI) has received the final batch of drill results from its Bobosso Joint Venture Project in Cote D’Ivoire.

Notably, results included a broad mineralised intercept of 56 metres at 1.58 g/t gold.

The 45-hole, 4,244-metre reverse circulation program was designed to explore six small target areas within the large Bobosso gold mineralised system.

Two drill programs now complete, full potential yet to be realised

Paul Roberts, managing director, said: “These results add to the good initial drill assays we reported on 16th January 2018.

READ: Predictive Discovery drills out shallow high-grade gold in Cote d'Ivoire

“Two drill programs have now been completed by the joint venture, both of which have yielded encouraging results and added to our knowledge of this very large gold mineralised system.

“We remain confident that there are more gold mineralised zones with good continuity to be found at Bobosso - both as extensions to the zones we have already drilled and in new, as yet untested, areas.”

Best new intercepts

The latest batch of drill results includes:

• 56 metres at 1.58 g/t gold from 47 metres including 3 metres at 6.10 g/t gold;
• 18 metres at 2.05 g/t gold from 9 metres including 4 metres at 5.59 g/t gold;
• 8 metres at 1.95 g/t gold from 31 metres;
• 8 metres at 1.73 g/t gold from 19 metres;
• 8 metres at 1.58 g/t gold from 98 metres;
• 1 metre at 15.53 g/t gold from 61 metres; and
• 4 metres at 3.05 g/t gold from 23 metres.

Six zones identified, all open along strike

Six zones within the large Bobosso gold mineralised system have now been tested by drilling.

The zones have mineralised strike lengths ranging from 100 to 300 metres, all of which are open along strike and could therefore become larger.

Further drilling expected in 2018

The next exploration program, both for the Bobosso gold mineralised system and the surrounding exploration permits, will be determined in the next few weeks.

More drilling is expected during 2018.

Predictive also has drilling planned at the Bira prospect in Burkina Faso.

READ: Predictive Discovery drilling aims to boost West African gold joint venture prospects ]]>
Tue, 06 Mar 2018 11:38:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192637/predictive-discovery-drill-results-support-emerging-gold-discovery-in-west-africa-192637.html
<![CDATA[News - Predictive Discovery drilling aims to boost West African gold joint venture prospects ]]> https://www.proactiveinvestors.com.au/companies/news/192088/predictive-discovery-drilling-aims-to-boost-west-african-gold-joint-venture-prospects-192088.html Predictive Discovery Ltd (ASX:PDI) aims to boost its West African gold prospects through new drilling programs at two joint venture projects.

Reverse circulation (RC) drilling programs are underway at the Progress Minerals Joint Venture in Burkina Faso and Toro Gold Joint Venture in Cote D’Ivoire.

There is circa 10,000 metres of drilling planned at the Bira prospect in Burkina Faso and the Ferkessedougou North prospect in Cote D’Ivoire.

“Exploration advancing rapidly”

Paul Roberts, managing director, said: “Exploration is now advancing rapidly across our West African portfolio of joint-ventured permits.

“We have recently reported encouraging RC drill results from multiple prospects at Bobosso in Cote D’Ivoire.

“These two new drilling programs are testing distinctly different opportunities.

“At Bira, we aim to confirm and extend a known gold mineralised zone and hopefully expand the existing resource inventory on the Bonsiega group of permits.

“At Ferkessedougou there will be reconnaissance tests of widespread, gold-anomalous altered granitic rocks and meta-sediments exposed in the recent trenching program.”

READ: Predictive Discovery drilling for gold in Burkina Faso

Predictive’s holdings in Burkina Faso are in the east and cover circa 90 kilometres of strike length of the Samira Hill greenstone belt.

Predictive Discovery’s prospects in eastern Burkina Faso.

This belt hosts the 2.5 million-ounce Samira Hill gold deposit across the border in Niger and contains numerous active artisanal gold mine sites.

The joint venture with Progress Minerals International began on 30 September 2017 and allows Progress to earn a 70% interest by spending $US5 million on exploration and project evaluation.

Moving towards scoping study

The objective is to advance the prospects as quickly as possible towards a scoping study on a multi-pit mining operation feeding a central mill.

At Bira historical drill data from previous explorers includes a series of encouraging intersections.

These include 14.5 metres at 3.1 g/t gold from 1 metre, 13 metres at 2.5 g/t from 3 metres and 10 metres at 2.7 g/t from 14 metres.

There is good continuity of mineralisation indicated along strike and at depth, and the prospect is open to the north and south.

The JV plans to undertake 5,000 metres of RC drilling, testing circa 800 metres of strike.

READ: Predictive Discovery drills out shallow high-grade gold in Cote d'Ivoire

Predictive is in a joint venture with Toro Gold, a private UK-based company, on six granted permits and two permit applications in Cote D’Ivoire.

The JV operates through Predictive’s former subsidiary, Predictive Cote D’Ivoire SARL, of which Predictive now holds 35% and is contributing 35% of expenditure.

The company has prospects in the north of Cote D’Ivoire.

Ferkessedougou North permit is in northern Cote D’Ivoire, directly adjacent to Burkina Faso’s southern border.

A broad, 17 kilometre-long zone of gold-in-soil geochemical anomalies has been reported previously.

Numerous gold zones

Bottle roll cyanide leach analyses of trench channel samples has revealed numerous zones with anomalous gold values.

Drilling of 4,440 metres is underway to follow up trench results and soil anomalies, testing 14 separate targets.

Toro Gold is also carrying out trenching on the Ferkessdougou South permit, which will probably be followed by additional drilling.

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Fri, 23 Feb 2018 10:02:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192088/predictive-discovery-drilling-aims-to-boost-west-african-gold-joint-venture-prospects-192088.html
<![CDATA[News - Predictive Discovery drills out shallow high-grade gold in Cote d'Ivoire ]]> https://www.proactiveinvestors.com.au/companies/news/190059/predictive-discovery-drills-out-shallow-high-grade-gold-in-cote-d-ivoire-190059.html Predictive Discovery Ltd (ASX:PDI) has received assay results from 29 holes across four prospects at the Bobosso Project in Cote D’Ivoire.

Results include 11 metres at 4.9 g/t gold from 5 metres, which included 1-metre at 41.3 g/t gold.

Furthermore, drilling has established continuity of the gold-mineralised alteration zones at each prospect.

The drilled mineralised zones are open in most directions.

Drill results from 16 holes are still to come.

Drill results will be put towards a JORC estimate

Paul Roberts, managing director, said: "These new results have built positively on the outcomes of the April-May diamond drilling program at Bobosso.

"By orienting both diamond and reverse circulation holes in a more optimal direction than the historical drilling, we are now much better able than previous explorers to track mineralisation along strike and down-dip."

New shallow mineralisation at Wendene Hill prospect

Roberts continued: "This reverse circulation program has also demonstrated that a new flat mineralised zone has been discovered at shallow depths in the Wendene Hill prospect.

"Such mineralisation – if shown to be economic – would be mineable with low strip ratios.

"Given the very large extent of the overall gold mineralised system, we are optimistic that more such flat zones remain to be discovered in the area.

"As we advance evaluation of this very large mineralised system, our understanding of it is improving along with our ability to target drilling more efficiently.

"We are confident that there are more gold mineralised zones with good continuity to be found - both as extensions to the zones we have already drilled and in new, as yet untested, areas.”

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Tue, 16 Jan 2018 13:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190059/predictive-discovery-drills-out-shallow-high-grade-gold-in-cote-d-ivoire-190059.html
<![CDATA[News - Predictive Discovery drilling for gold in Burkina Faso ]]> https://www.proactiveinvestors.com.au/companies/news/188686/predictive-discovery-drilling-for-gold-in-burkina-faso-188686.html Predictive Discovery Ltd (ASX:PDI) has commenced a large power auger drilling at its Burkina Faso gold projects held in joint venture with Progress Minerals International Inc.

Drilling has commenced at the Bira and Kalinga permits and the current plan consists of 2,700 holes, however, the program is expected to grow.

Paul Roberts, managing director, said: “We are pleased that power auger drilling has now commenced on the Burkina Faso joint venture.

“We look forward to an ongoing acceleration in Progress’s exploration activities in Burkina Faso leading to reverse circulation drilling in the March quarter of 2018.”

Reverse circulation drilling also planned

Reverse circulation drilling is expected to commence by early February 2018.

The current drilling is being conducted by Progress Minerals who may earn up to 70% by spending  US$5 million.

READ: Predictive Discovery begins trenching program at West African gold project

This aircore program adds to a busy exploration schedule for Predictive.

It includes a recently commenced trenching program at the Ferkessedougou North permit in Cote D’Ivoire and also drilling at the Bobosso Project in Cote D’Ivoire.

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Wed, 13 Dec 2017 09:45:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188686/predictive-discovery-drilling-for-gold-in-burkina-faso-188686.html
<![CDATA[News - Predictive Discovery begins trenching program at West African gold project ]]> https://www.proactiveinvestors.com.au/companies/news/188150/predictive-discovery-begins-trenching-program-at-west-african-gold-project-188150.html Predictive Discovery Ltd (ASX:PDI) has commenced a 4,000-metre program of trenching at the Ferkessedougou North permit, a 17-kilometre long gold-in-soil anomaly located in Cote D’Ivoire.

Immediately after, a 1,000-metre trenching program is planned at the Ferkessedougou South permit.

Furthermore, a contract has been signed to execute an aeromagnetic survey covering prospective target areas on the Ferkessedougou North, Ferkessedougou South and Boundiali exploration permits.

The trenching and aeromagnetics are in preparation for a planned drill program.

READ: Predictive Discovery closes rights issue heavily oversubscribed

In Cote D’Ivoire, Predictive is a part of two joint ventures, one being with Toro Gold Limited for six granted permits and two permit applications.

Predictive holds a 35% interest in the joint venture and also contributes 35% to expenditures.

The geochemical anomaly at Ferkessedougou North

Previous soil geochemical sampling had identified a 17-kilometre long gold-in-soil anomaly.

Anomalous gold values have been found in numerous locations throughout the grid including 16 samples with gold-in-soil values exceeding 0.5 g/t gold.

The highest recorded value from the program was 1.2 g/t gold.

Upcoming drilling in January 2018

Drilling is planned to re-commence on the Toro Joint Venture permits in January 2018, following receipt of the trench program assays and results of the aeromagnetic surveys.

At this stage, drilling is expected to start on the Ferkessedougou North permit first.

Drilling recently commenced at Bobosso Project

Recently, a 5,000-metre reverse circulation drilling program commenced on the Bobosso Project, Cote D’Ivoire.

Drilling will test up to nine target areas, including following up two areas where the April-May diamond drilling program obtained results including 8.7 metres grading 3.3 g/t gold.

The program is being funded by Progress Minerals Inc as part of the three-way joint venture between Predictive, Progress and West African Ventures Investment SARL.

READ: Predictive Discovery's managing director invests another $30,000 for West African gold ]]>
Mon, 04 Dec 2017 09:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188150/predictive-discovery-begins-trenching-program-at-west-african-gold-project-188150.html
<![CDATA[News - Predictive Discovery's managing director invests another $30,000 for West African gold ]]> https://www.proactiveinvestors.com.au/companies/news/188008/predictive-discovery-s-managing-director-invests-another-30000-for-west-african-gold-188008.html Predictive Discovery Ltd's (ASX:PDI) managing director, Paul Roberts, has increased his stake in the company through participation in the heavily-oversubscribed renounceable rights issue.

Roberts spent just over $30,000 to lift his position to 2.2 million shares, along with several lines of unlisted options.

READ: Predictive Discovery closes rights issue heavily oversubscribed

The company is focused on gold exploration in Cote D’Ivoire and Burkina Faso, West Africa.

Currently a 5000 metre reverse circulation program is underway at Bobosso, which will test up to nine target areas including following up two areas where the April-May diamond drilling program obtained encouraging results such as: 8.7 metres at 3.3g/t gold from 39.6 metres.

The program is being funded by Progress Minerals Inc as part of the three-way joint venture between Predictive, Progress and West African Ventures Investment SARL.

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Thu, 30 Nov 2017 08:32:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188008/predictive-discovery-s-managing-director-invests-another-30000-for-west-african-gold-188008.html
<![CDATA[News - Predictive Discovery closes rights issue heavily oversubscribed ]]> https://www.proactiveinvestors.com.au/companies/news/187800/predictive-discovery-closes-rights-issue-heavily-oversubscribed-187800.html Predictive Discovery Ltd (ASX:PDI) last week closed its $2.6 million renounceable rights issue heavily oversubscribed.

Subscriptions were received under the rights issue for a total of 17.3 million new shares, resulting in a shortfall of 44.8 million shares.

The demand for shortfall from both new and existing shareholders has greatly exceeded the number of available new shares.

High demand means a placement will follow the rights issue

As part of the rights issue, Predictive had previously committed to allocate at least $850,000 of shares to clients and affiliates of the Sprott Group of Companies.

Sprott is a large and well known North-American based asset management firm with a strong record in identifying and funding successful early stage resource companies.

Given the large demand for new shares under the rights issue, Predictive expects that it will be required to issue additional new shares and options via a separate placement.

Details of the placement will be outlined once the rights issue’s shortfall allocation process is complete.

Funds to advance exploration in West Africa

The net proceeds from the rights issue and placement will be used to advance the company’s exploration strategy in West Africa.

Recently, a 5,000-metre reverse circulation drilling program commenced on the Bobosso Project, Cote D’Ivoire.

Drilling will test up to nine target areas, including following up two areas where the April-May diamond drilling program obtained results including 8.7 metres grading 3.3 g/t gold.

The program is being funded by Progress Minerals Inc as part of the three-way joint venture between Predictive, Progress and West African Ventures Investment SARL.

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Mon, 27 Nov 2017 16:27:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187800/predictive-discovery-closes-rights-issue-heavily-oversubscribed-187800.html
<![CDATA[News - Predictive Discovery raising up to $2.6M for West African gold projects ]]> https://www.proactiveinvestors.com.au/companies/news/186234/predictive-discovery-raising-up-to-26m-for-west-african-gold-projects-186234.html Predictive Discovery Ltd (ASX:PDI) is raising up to $2.6 million via a renounceable pro-rata rights issue to eligible shareholders.

The funds raised will be used for Predictive’s exploration programs on new permits in West Africa and to contribute to the Toro Joint Venture (if justified by new results).

Eligible shareholders will be able to subscribe for 8 new shares for every 21 existing shares they hold, at an issue price of $0.042 each, together with 1:1 free attaching listed option.

The new options will have an exercise price of $0.060 each and will expire in November 2019. The rights issue is partially underwritten (to $1 million) by the lead manager.

Phillip Jackson, chairman, commented: “Predictive’s objective is to make multiple large gold discoveries in the highly prospective West African Birimian greenstone belts.

“We have a 7,000 square kilometre ground position in Cote D’Ivoire and Burkina Faso containing resources (e.g. Bongou in Burkina Faso), advanced prospects with numerous gold intercepts (e.g. Bobosso, Cote D’Ivoire; Dave, Burkina Faso) and emerging new discoveries (e.g. Boundiali, Cote D’Ivoire).”

Earlier this week, Predictive commenced its joint venture in Burkina Faso with Canada-based Progress Minerals International Inc.

READ NOW: Predictive Discovery kicks off joint venture for gold in Burkina Faso

The joint venture aims to advance towards a multi-pit mine development on Predictive’s gold prospects in the West African country, covering a regional ground position of circa 1,000 square kilometres.

Progress can earn an initial 51% interest by spending US$1 million (A$1.3 million) by 30 September 2018.

Importantly, Progress has committed to sign a drill contract in the December quarter to test high priority drill targets and to commence the drilling program no later than January 2018.

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Thu, 26 Oct 2017 13:54:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186234/predictive-discovery-raising-up-to-26m-for-west-african-gold-projects-186234.html
<![CDATA[News - Predictive Discovery kicks off joint venture for gold in Burkina Faso ]]> https://www.proactiveinvestors.com.au/companies/news/186151/predictive-discovery-kicks-off-joint-venture-for-gold-in-burkina-faso-186151.html Predictive Discovery Ltd’s (ASX:PDI) joint venture with Canada-based Progress Minerals International Inc is now underway in Burkina Faso.

The joint venture aims to advance towards a multi-pit mine development on Predictive’s gold prospects in the West African country, covering a regional ground position of circa 1,000 square kilometres.

It is worth noting that Progress is Predictive’s current joint venture partner on the Bobosso Project in Cote D’Ivoire.

Paul Roberts, managing director, commented: “We are very pleased that the Burkina Faso joint venture is now underway.

“Progress have proved themselves to be a reliable and cost-effective partner in Cote D’Ivoire and we look forward to a rapid acceleration in exploration activities in Burkina Faso generating strong newsflow to add to results from our highly prospective Cote D’Ivoire exploration ground portfolio.”

Joint venture terms

Progress can earn a 70% interest in the project by funding a US$5 million (A$6.5 million) program of exploration and evaluation in four years.

The Candian company can earn an initial 51% interest by spending US$1 million (A$1.3 million) by 30 September 2018.

Progress will make a transfer of US$100,000 in the next three days to Predictive’s Burkina Faso subsidiary to cover costs dating from 1 October 2017 and for ongoing costs of the joint venture.

Importantly, Progress has committed to sign a drill contract in the December quarter to test high priority drill targets and to commence the drilling program no later than January 2018.

Waiver of a condition precedent

One condition precedent (CP) remained outstanding for the Burkina Faso joint venture i.e. provision of evidence that Progress had raised US$1.5 million purely for Burkina Faso.

Progress has since advised that they are working on a larger financing to cover their entire portfolio, which is not yet complete.

In the interim and in the interest of getting field work started now that the rainy season is over, Predictive has waived this last CP in exchange for a series of contracted commitments.

This includes maintenance of a month-end US$100,000 cash balance in Predictive’s Burkina Faso bank account and advancing the value of all contract commitments to that account.

These commitments will enable Predictive to commence drilling activities soon and ensure that there are no further delays to the Burkina Faso work program.

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Wed, 25 Oct 2017 13:57:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186151/predictive-discovery-kicks-off-joint-venture-for-gold-in-burkina-faso-186151.html