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Predictive Discovery’s latest gold intersections show promise ahead of maiden MRE

The precious metals explorer has tabled results for five reverse circulation and diamond drill holes executed over two key prospects within the greenfields Bankan gold discovery.

Predictive Discovery Ltd - Predictive Discovery’s latest gold intersections show promise ahead of maiden MRE
Predictive is focused on its gold exploration portfolio in Guinea.

Predictive Discovery Ltd (ASX:PDI) has hit further broad widths and high gold grades during resource drilling at its Bankan Gold Project in Guinea.

The precious metals explorer reported results for a further five holes, covering just under 1,500 metres, to the ASX on Monday.

At the NE Bankan prospect, new drill results to the north of the target’s high-grade gold zone demonstrate hole-to-hole continuity and consistency of gold distribution at depth, with broad widths intersected.

Meanwhile, three kilometres away at the Bankan Creek prospect, ongoing good to high-grade gold intercepts have been obtained, which are expected to contribute significantly to an upcoming maiden mineral resource estimate (MRE).

“Material contribution” to MRE

Predictive Discovery managing director Paul Roberts said: “Drilling both of the Bankan gold deposits continues to generate excellent widths and grades, which will materially contribute towards the upcoming maiden mineral resource estimate (MRE).

“Once the last drill assays are received from the completed holes at NE Bankan and Bankan Creek, this data will feed into the MRE, the results of which will be delivered toward the end of September.

“The metallurgical testwork program is also progressing well and we expect to be able to report results of that work prior to release of the MRE.

“We are also very excited to have made a start on drill testing for depth extensions of the newly recognised high-grade gold zone at NE Bankan.”

NE Bankan

Overall, Predictive believes that NE Bankan continues to shape up as a large gold deposit with excellent geometry to support a large-scale open-pit mine.

Some of the best intersections from recent step-out drilling at the prospect include:

  • 61 metres at 1.9 g/t gold from 282 metres, including 2 metres at 9.2 g/t from 307 metres; and
  • 65 metres at 0.9 g/t from 331 metres, including 14 metres at 1.6 g/t from 363 metres.

These results come from two of the last three remaining holes to be included in the maiden MRE.

Assays for the last of these holes, which is testing the southern end of the deposit at depth, are expected in the next one to two weeks.

Meanwhile, reverse circulation (RC) and diamond drilling is now in progress to test the high-grade gold zone at depth.

The first of these holes is testing the target zone at around 350 metres vertical depth — the deepest hole to be completed at NE Bankan so far.

Assays from this hole are expected in three to four weeks, after the cut-off date for inclusion in the MRE.

Bankan Creek

To the west of NE Bankan lies the Bankan Creek satellite discovery, which, until recently, had only been lightly drill-tested but bears the hallmarks of a strong gold mineralised system with the potential to materially contribute to the maiden MRE.

So far, drilling continues to uncover gold mineralisation in fresh rock.

Some of the better results include:

  • 26.8 metres at 4.2 g/t gold from 190.9 metres, including 7.15 metres at 9.2 g/t from 190.9 metres;
  • 29 metres at 1.4 g/t from 119 metres; and
  • 20 metres at 1.3 g/t gold from 152 metres to end of hole.

The drilling from Bankan Creek for inclusion in the maiden MRE is now complete, with assay results awaited from four more holes.

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Predictive Discovery on track for maiden resource at Bankan Creek in September

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...

on 25/8/21

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