Proactive Investors - Run By Investors For Investors

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

Gold intercepts were returned in most holes drilled by Toro Gold Limited in a 2,000-metre program.
Predictive Discovery drilling in West Africa
Drilling by Predictive Discovery at a project in West Africa

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.

View full PDI profile View Profile

Predictive Discovery Ltd Timeline

Related Articles

drill rig
March 07 2019
The company is now chaired by Dubai royal, His Highness Sheikh Maktoum Hasher al Maktoum, a Commercial Bank of Dubai board member.
1528891944_Berkwood-Resources---drill-core.jpg
June 13 2018
Lac Guéret Extensions is adjacent to one of the highest grade graphite projects in the world
1547791194_RNX-757.JPG
January 18 2019
The company’s focus is the Yandal East Gold Project and it also has base metal exposure through a prospective Canadian asset.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use