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Predictive Discovery shares rally as it continues high-grade gold drilling spree in West Africa

The latest results are from a nine-hole diamond drilling program at the Ferkessedougou North Gold Project in Cote D’Ivoire.

Predictive Discovery Ltd - Predictive Discovery shares rally as it continues high-grade gold drilling spree in West Africa
Best results include 14 metres at 10.74 g/t gold and 51 metres at 1.27g/t gold.

Predictive Discovery Ltd (ASX:PDI) is continuing its high-grade gold drilling spree in West Africa, hitting 14 metres at 10.74 g/t gold at the Ferkessedougou North Gold Project in Cote D’Ivoire.

Yesterday, the company’s shares skyrocketed after revealing broad, high-grade results of up to 46 metres at 6.58 g/t gold from 4 metres at Kaninko Project in Guinea.

Predictive shares were last trading at 6.6 cents, a 1000% increase over the last week.

Ferkessedougou North diamond drilling

The latest results are from a nine-hole diamond drilling (DD) program totalling 1,659 metres at the Ouarigue South Prospect within the Ferkessedougou North Gold Project.

Managed by joint venture partner Resolute Mining Limited (ASX:RSG), results have confirmed a continuous, easterly-dipping, gold-mineralised zone, extending from surface to a vertical depth of 175 metres, which remains open at depth.

Better intersections included:

  • FNDC011: 51.00 metres at 1.27g/t gold from 169.00 metres;
  • FNDC012: 14.00 metres at 10.74g/t gold from 33.00 metres;
  • FNDC015: 33.00 metres at 1.62g/t gold from 28.00 metres; and
  • FNDC016: 17.15 metres at 1.39g/t gold from 110.85 metres.

Predictive’s portfolio of gold projects including joint venture projects held with Resolute Mining

Predictive managing director Paul Roberts said: “The results from Ouarigue South provide further strong encouragement of the strength of this mineralised gold system and highlights the potential of making more discoveries along the “Leraba” gold-in-soil geochemical trend.

“These results further strengthen our confidence that Ouarigue South has the potential to host a valuable gold resource, the limits of which are still to be defined.”

Ouarigue South - Drill hole locations along with previous drilling and trenching results with interpreted geology

Next steps

An infill and extension program has been planned to further test the down-dip extent of the system and improve understanding of the grade distribution and potential internal high-grade plunges.

Continuing review and interpretation of the regional results may show other areas along strike on the main structure of other intrusives or potential traps for the mineralising fluids.

Resolute has advised that owing to current COVID-19 restrictions in Cote D’Ivoire, the planned power auger and air core drilling programs that were scheduled to commence after the Ferkessedougou North diamond drilling program was completed have been suspended.

Quick facts: Predictive Discovery Ltd

Price: 0.08 AUD

ASX:PDI
Market: ASX
Market Cap: $54.26 m
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Predictive Discovery's Paul Roberts outlines 'outstanding results' and new...

  Predictive Discovery Ltd's (ASX:PDI) Paul Roberts recaps on what he describes has been a 'remarkable' week for the explorer. The firm announced broad, high-grade results of up to 46 metres at 6.58 g/t gold from 4 metres - confirming a new discovery with strong growth potential at...

on 17/4/20

2 min read