logo-loader
viewPredictive Discovery Ltd

Predictive Discovery channel sampling reveals widespread gold at Kaninko

PDI is conducting pre-drilling exploration at a number of its targets across Guinea to identify priority drill targets.

Predictive Discovery Ltd - Predictive Discovery channel sampling reveals widespread gold at Kaninko
PDI has been acquiring ground in the Siguiri Basin within Guinea

Predictive Discovery Ltd (ASX:PDI) has received results from 12 vertical channel samples collected from artisanal pits within its 100%-owned Kaninko Project in Guinea.

Seven of the samples collected from workings in strongly weathered bedrock returned an average value of 1.5 g/t gold with a peak value recorded of 4.6 g/t gold.

This weathered bedrock known as saprolite extends for 300 metres and Predictive also believes the potential area of bedrock mineralisation may be much larger.

A program of channel sampling of the saprolite exposures in the deeper pits has now commenced along with grid-based sampling to test for gold outside the saprolite.

Predictive’s managing director Paul Roberts said: “These early results from Kaninko add a promising new prospect into our Guinea portfolio following the earlier results from Kankan and Nonta which identified extensive soil geochemical anomalies.

“The better results were obtained from vertical channel sampling of weathered bedrock within a 300-metre length of artisanal workings from which artisanal miners report that they are currently extracting significant quantities of gold.

“We are hopeful that follow-up exploration of this site will enable us to expand the prospective area substantially and provide a strong target for drilling during the March quarter.

“We are continuing with our evaluation of new opportunities in the Siguiri Basin and expect to announce further ground acquisitions in Guinea in the coming months.”

Pre-drilling work planned at multiple Guinea targets

Larger scale geochemical surveys on the Kankan, Nonta, Kaninko and possibly Boroto properties will be undertaken in the next few months.

These may be accompanied by ground geophysical surveys where appropriate.

This exploration work aims to identify the best Guinea prospects for drilling in the March quarter of 2020.

Quick facts: Predictive Discovery Ltd

Price: 0.012 AUD

ASX:PDI
Market: ASX
Market Cap: $3.54 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Predictive Discovery Ltd named herein, including the promotion by the Company of Predictive Discovery Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Predictive Discovery expands exploration after recent gold discovery in Cote...

Predictive Discovery Ltd (ASX:PDI) managing director Paul Roberts speaks to Proactive Investors about expanding exploration at the Ferkessedougou Gold Project in Cote d’Ivoire, West Africa, after recently discovering new mineralisation. He says from a very small footprint, the company is...

on 31/7/19

2 min read