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

Last updated: 12:45 26 Apr 2018 AEST, First published: 12:42 26 Apr 2018 AEST

Drill rig in eastern Burkina Faso
Drilling at a gold prospect of Predictive within the Samira Hill greenstone belt

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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on 12/4/23