Predictive Discovery Ltd (ASX:PDI) has received final drilling results from Bankan Creek prospect within the flagship Kaninko Gold Project in Guinea, West Africa, which add to the gold mineralisation inventory.
The results are from five aircore (AC) and reverse circulation (RC) holes, totalling 147 metres, from the northern-most drill section with the best intersection being 22 metres at 1.06 g/t gold from 10 metres.
Several holes stopped short of their objectives, owing to drilling difficulties which resulted in incomplete coverage of the gold anomaly target on the northern traverse.
Deeper drilling is required by an RC or diamond drill rig.
Northern drill section showing interpreted geology and results of AC and RC drill holes.
During late March and early April 2020, Predictive completed 23 holes for 1,038 metres of angled aircore and reverse circulation drilling along four traverses, testing beneath or along strike from a mix of elevated power auger gold assays, trenching and artisanal pits.
While most of the holes returned dry samples, including the best intercepts in holes KKOAC25, KKOAC039 and KKOAC044, 18% of the samples were moist or wet.
Future drilling will, therefore, be carried out with a reverse circulation drill rig with higher air pressure or a diamond drill rig to ensure sample quality.
Two-metre composite samples were assayed by fire assay at the SGS laboratory in Bamako, Mali.
The drilling was planned as a shallow test aimed at exploring the potential width of the interpreted gold mineralised zone.
With all assays received planning is underway for the next program of exploration at Bankan Creek, including diamond drilling, subject to rig availability.
The immediate focus, however, remains on expanding the drill coverage at the higher-grade gold discovery made nearby at the Northeast Bankan prospect.
Predictive is now in a trading halt ahead of an announcement regarding a proposed capital raising.
The trading halt will remain in place until the beginning of normal ASX trade on Wednesday, May 6, 2020, or when an announcement is released to the market, whichever occurs earliest.