viewPredictive Discovery Ltd

Predictive Discovery drilling doubles strike length of gold anomaly at Kaninko Project

One diamond drill rig and one reverse circulation (RC) drill rig are now both on site.

Predictive Discovery Ltd - Predictive Discovery drilling doubles strike length of gold anomaly at Kaninko Project
Diamond drilling has commenced and RC drilling is expected to start shortly

Predictive Discovery Ltd (ASX: PDI) has confirmed encouraging assays from new power auger drilling undertaken along strike of the previously outlined gold trend at NE Bankan within the Kaninko Project in Guinea.

Results from 124 shallow power auger holes (totalling 2,423 metres) have successfully doubled the strike of the gold anomaly at NE Bankan from about 0.5 kilometre to 1 kilometre.

Notably, a possible new high-grade gold zone was identified on the northernmost line drilled to date.

The following are significant results from composite samples taken from a depth of 4 metres (just below the surface laterite layer):

  • 10 metres at 10.88g/t gold from 10-20 metres, within a broader zone of 16 metres at 6.81 g/t gold;
  • 16 metres at 1.05g/t gold, including 2 metres at 7.67g/t gold from 18-20 metres;
  • 6 metres at 0.90g/t gold;
  • 16 metres at 0.72g/t gold; and
  • 16 metres at 0.66g/t gold.

Kaninko Project - new power auger results overlain on previous drilling results

Predictive managing director Paul Roberts said: “We are very pleased with these results which have now doubled the known mineralised strike length at NE Bankan from the 0.5 kilometre strike length that was initially recognised, to nearly 1 kilometre and remaining open.

“The identification of high-grade gold mineralisation on the most northern drill line also suggests that a possible new high grade gold zone may extend even further to the north.

“These new results also add to the impression of a single, broad, continuous gold mineralised zone on this prospect.

“We look forward to receiving additional results from ongoing power auger drilling both along strike from NE Bankan and from other prospects on the Kaninko permit from which previous encouraging gold values have been obtained.

“We are also very pleased that DD and RC drill rigs are now on site and we look forward to exploring the NE Bankan gold mineralised system along strike and at greater depths with these two rigs.”

Next steps

A large power auger drilling program is ongoing on the Kaninko permit, testing multiple targets where earlier geochemical sampling identified anomalous gold grades.

A diamond drill (DD) and a reverse circulation (RC) rig are now on site at NE Bankan.

The diamond drill rig has now commenced drilling a hole beneath the highest-grade gold intercept from the earlier AC/RC drill program and the RC rig is expected to commence drilling shortly.

The diamond drilling is designed to test fresh rock at depth beneath known mineralisation, and the RC drilling will begin by drilling parts of the central plus-0.25g/t gold anomalous zone which were untested by the earlier AC/RC program to a vertical depth of 80 metres.

Quick facts: Predictive Discovery Ltd

Price: 0.08 AUD

Market: ASX
Market Cap: $54.26 m

Add related topics to MyProactive

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


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...



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

3 min read