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.”
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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.
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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.
“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.