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

Previous drilling intersected 7.5 metres at 16 g/t gold from surface.

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High-grade gold artisanal mine site south of Kokoumbo

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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