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Predictive Discovery in trading halt as it interprets diamond drilling results

The halt will remain in place until Friday, July 1, or when an announcement is released.

Predictive Discovery Ltd - Predictive Discovery in trading halt after reviving diamond drilling results
Predictive holds about 800 square kilometres of prospective landholdings across five projects in West Africa

Predictive Discovery Ltd (ASX:PDI) has been granted a trading halt by the ASX as it interprets a batch of diamond drilling results.

In its request to the ASX, Predictive said the trading halt would "allow it time to interpret and report the results".

The trading halt will remain in place until the start of regular trade on Friday, July 31, or when an announcement is released to the market, whichever occurs earliest.

Predictive has a market cap of approximately $61 million and last traded at 7.4 cents.

Results grow NE Bankan discover

The company's recent first batch of assay results from ongoing reverse circulation (RC) drilling at the Kaninko Project in Guinea further widened and confirmed the NE Bankan gold mineralised zone.

The program, which is designed to test the full extent of a gold anomaly obtained from power auger drilling into saprolite, has drilled 12-holes totalling 1,147 metres.

Best results were 99 metres at 1.17 g/t gold from 1-metre to the end of hole and 15 metres at 3.42 g/t from surface, including 4 metres at 9.33 g/t.

Quick facts: Predictive Discovery Ltd

Price: 0.08 AUD

ASX:PDI
Market: ASX
Market Cap: $65.91 m
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