Predictive Discovery (ASX:PDI) flags “high-grade” gold hits at NE Bankan deposit, Guinea

• Predictive Discovery (PDI) reports numerous “high-grade” infill drilling results from diamond drilling at the NE Bankan deposit within its Bankan gold project in Guinea
• The results come from eight drill holes completed in the area, with the high-grade mineralisation coming from below the resource pit shell
• PDI struck a 12.85-metre intersection at 6.02 grams per tonne (g/t) gold from 601.4 metres, as well as a 32-metre hit at 5.92 g/t gold from 471 metres
• Extensive resource drilling will continue on the project to increase the size and improve the classification of the current mineral resource estimate
• PDI shares are up 9.68 per cent and trading at 17 cents at 11:51 am AEDT

Predictive Discovery (PDI) has released infill drilling results from diamond drilling at the NE Bankan (NEB) deposit within its Bankan gold project in Guinea.

The results come from eight drill holes completed in the area, returning hits such as 6.02 grams per tonne (g/t) gold from 601.4 metres across 12.85 metres.

PDI said extensive resource drilling would continue on the project to increase the size and improve the classification of the current mineral resource estimate, and this would be a key strategy to securing a mining permit for the Bankan project.

“NEB continues to deliver outstanding infill drilling results. Importantly, the best and highest-grade results are from the bottom part of the pit shell,” PDI Managing Director Andrew Pardey said.

Results from the bottom half of the resource pit shell revealed 37 metres at 5.92 g/t gold from a depth of 471 metres.

“These results confirm the improving grade profile of the deposit at depth and support the higher relative grade of the current inferred open pit mineral resource,” Mr Pardey said.

PDI is continuing deep drilling in NEB to close the gap between the base of the optimised resource pit shell and the top of the current underground inferred resource.

RC drilling is planned to commence following gradient array-induced polarisation surveys, which have commenced on ‘Argo’ targets, 15-20 kilometres north of drilling at the NE Bankan deposit.

PDI shares were up 9.68 per cent and trading at 17 cents at 11:51 am AEDT.