Predictive Discovery's mineral resource estimation work and metallurgical test-work remains on track for September completion
- Predictive Discovery jumps on striking up to 28 metres at 12.1 g/t gold near NE Bankan
- Predictive Discovery shares surge 55% on returning bonanza gold grades up to 17 metres at 31.9 g/t at Bankan Project
- Predictive Discovery on track for maiden resource at Bankan Creek in September
Quick facts: Predictive Discovery Ltd
Price: 0.155 AUD
Market Cap: $209.48 m
About the company
Predictive Discovery Ltd’s (ASX:PDI) primary focus is the 100%-owned Bankan Project in Guinea’s Siguiri Basin which hosts AngloGold’s large Siguiri Mine having more than 10 million ounces of resources.
The flagship Bankan Project comprises four tenements - Kaninko, Saman, Argo and Bokoro – and encompasses 358 square kilometres with the company returning strong and consistent gold results in ongoing exploration.
The company also has an earn-in and joint venture agreement with Tanga Resources Ltd to explore Predictive’s Bocanda Permit and Issia and Tieningboue applications within Cote d’Ivoire.
How it is doing
Predictive Discovery Ltd (ASX:PDI) is confident of finding new zones of gold mineralisation at its flagship Bankan Gold Project in Guinea, following new shallow high-grade gold intersections within 1.5 kilometres of the NE Bankan prospect.
The company is conducting aircore (AC) drilling testing multiple promising targets identified by previous regional auger drilling and structural analysis of aeromagnetic data.
Strong results included 28 metres at 12.1 g/t gold from 22 metres including 6 metres at 48 g/t from 26 metres, with 2 metres in excess of 100 g/t.
The same hole also returned 16 metres at 2.3 g/t from surface including 2 metres at 7.5 g/t from 2 metres.
Step-out diamond drilling at NE Bankan testing the depth extent of the central high-grade zone produced broad, high-grade results, including:
A detailed, scoping level metallurgical test-work program was carried out on samples from the NE Bankan and Bankan Creek prospects focused on finding the ideal method to break down gold mineralised intercepts, including softer saprolite mineralisation and harder fresh rock mineralisation.
Insight: Predictive Discovery shares surge 55% on returning bonanza gold grades up to...
Predictive Discovery Ltd (ASX:PDI) shares have reached a new eight-year high, up more than 55% to as much as A$0.1475 intra-day on the back of bonanza grades at the Bankan Gold Project in Guinea that revealed a new high-grade zone.
The high-grade intersections have extended the gold core zone down dip for more than 250 metres, which is also open at depth.
What management says
Predictive Discovery Ltd (ASX:PDI)'s Paul Roberts speaks to Proactive soon after announcing they're continuing to add to the golden potential of its Bankan gold project in Guinea through broad, high-grade results of up to 34 metres at 3.7 g/t gold from 6 metres at the Bankan Creek deposit. New results from seven diamond drill and reverse circulation holes totalling 1,268 metres provide confidence for the upcoming maiden resource estimate which is due to be completed by late September.
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