This week’s Mining Capital event showcased a sector that’s beginning to enjoy rude health
It was standing room only at the Mining Capital conference held this week at the Brewery in London
Company
ASX:PDI
Predictive Discovery Ltd is focused on delivering long-term sustainable value to our shareholders and stakeholders. Through its local company Mamou Resources, it plans to develop the Bankan Gold Project in the Siguiri Basin, Guinea.
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It was standing room only at the Mining Capital conference held this week at the Brewery in London
Power auger drilling also shows the anomalous gold values extend over at least 5 kilometres.
The company’s shares are trading about 11% higher intra-day, at 3 cents.
Field work on the new ground in southern Mali has now commenced.
Gold mineralisation shows good continuity and is open along strike and at depth.
Drill results continue to reveal the high-grade gold potential within the project.
Drilling is underway at Cote D’Ivoire prospect and is planned at Burkina Faso prospect
Results include multiple broad intercepts including 28 metres at 2.18 g/t gold from 5 metres.
Auger drilling adds to multiple exploration programs in progress in West Africa.
Trenching is underway at the Toro Joint Venture gold exploration projects in Cote D’Ivoire.
Predictive attracted affiliates of the Sprott Group to the register.
The company is focused on gold exploration in Cote D’Ivoire and Burkina Faso, West Africa.
The company recently commenced a joint venture for gold in Burkina Faso.
JV aims to advance multi-pit mine development on Predictive’s gold prospects.
The halt will remain in place until Friday 27th October 2017.
New joint venture agreement with Canada-based Progress Minerals International.
Drilling shows that gold is widespread throughout the Boundiali permit.
Latest highlights from Bobosso include 8.7 metres at 3.3g/t gold.
Predictive is involved in several gold drilling programs in West Africa.
Current drilling is working towards a potential maiden resource estimate.
Predictive’s principal focus is in the countries of Cote D’Ivoire and Burkina Faso.
Drilling at the Boundiali project is with U.K. partner Toro Gold.
Predictive's total outstanding shares will reduce to 116 million.
Diamond drilling is funded by the company's Canadian partner.
A diamond drilling program of 1,500-2,500 metres is scheduled for April.
Drilling is again underway at the new Nyangboue gold discovery.
The applications lift Predictive's total holdings to over 6,000 square kilometres.
Predictive Discovery (ASX:PDI) has outlined that its partner, Toro Gold Limited, continues to deliver encouraging gold-in-soil results from three Cote D’Ivoire permits.
Predictive will commence a 1,500 metre diamond drilling program this quarter.
Predictive Discovery (ASX:PDI) has received a notice of initial substantial holder from Exploration Capital Partners 2005 Limited Partnership.
Paul Roberts commented “These are encouraging first pass soil assays."
The three new targets are the result of a soil and rock chip sampling program that produced values of up to 726 g/t gold which came from an artisanal mine site.
The funds will be employed to support the Toro Gold joint venture in Cote D’Ivoire, Bobossa joint venture in Cote D’Ivoire and Burkina Faso permits.
Paul Roberts, managing director, commented: “With each new set of drill assays, the strike length of the Nyangboue gold mineralisation has grown. It is now clear that this is a significant new gold discovery."
Predictive have a number of promising gold prospects across its projects in West Africa and this funding will provide the company with options to advance multiple prospects.
Gold has now been intersected on three drill lines, with a minimum strike extent of at least 640 metres, open to the north, south and at depth. Assays are pending from another 57 holes.
The remaining drill results for 69 holes are expected to arrive during the remainder of July and through August keeping the company leveraged to further exploration success.
Today's intercepts are part of a broader zone about 70 metres wide, with visible gold panned from drill chips. Assays from 63 holes are pending, with another 1000 metres to be drilled. News flow for the next 2-months will be strong.
Kokoumbo is an early stage project with the first 15 diamond holes suggesting widespread gold mineralisation from surface. The permit is located 40 kilometres from Newcrest Mining’s Bonikro gold mine and Endeavour’s Agbaou gold
Paul Roberts, managing director commented: “These are very encouraging initial drill results from surface and confirm the potential to discover good grade mineralisation at Kokoumbo."
Predictive's strategy to operate in joint ventures keeps its cash expenditure low while still giving it exposure to sizeable discoveries on multiple projects.
Predictive is building a considerable presence in Cote D'Ivoire at an opportunistic point in time given the strong AUD gold price (~A$1620) and previous under exploration of Cote D'Ivoire.
Predictive has intersected gold in its first round of assays from its drilling program at the British Banner prospect west of Ballarat. Adding to the news flow, more assays are pending in coming weeks.
The joint venture now holds a strategic 800 square kilometre contiguous block in the very well mineralised greenstone belt which hosts Newcrest's operating Bonikro mine and Endeavour's Agbaou gold mine.
Newsflow is set to intensify for Predictive Discovery from two drill programs in the coming months. Recent large scale artisanal mining has exposed large areas of bedrock at the Kokoumbo permit. Drilling will test whether broad gold mineral
Predictive revealed that partner Toro Gold had received results of infill soil sampling at Boundiali, which supported and enlarged the discovery reported earlier at the project, which sits just south of Resolute Mining’s multi-million
Predictive Discovery is on a roll in West Africa, with new funding supporting growing gold portfolios across Burkina Faso and Cote D’Ivoire, where a recent acquisition boasts 5 metres at 20.6 g/t gold.
Want to ask CEO's probing questions? Proactive Investors provides the forum. Next up in Sydney for July 18th is Predictive Discovery, Millennium Minerals, Benitec Biopharma, Thor Mining, Hill End Gold and Blackham Resources.
A change in government has opened the door to new operators to enter the mineral rich country of Cote D’Ivoire, and few are better suited to the area than West African gold focused Predictive Discovery. Managing director Paul Roberts
With a 7.5% stake in Predictive Discovery, which listed on the ASX yesterday after an IPO at $0.20, Black Fire Minerals is already reaping the rewards as the Predictive share price spikes to $0.27 by close of business today.