- Predictive Discovery (PDI) announces positive diamond drilling results from its Bankan Gold Project in Guinea
- The company drilled two holes and extended the high-grade gold zone 110 metres down-dip of the base of the optimised mineral resource pit shell
- The first and most promising results from hole BNERD0099 retrieved 52.8 metres at 3.6 grams per tonne (g/t) gold from 510 meters
- Managing Director Paul Roberts says the exteneded wet season delayed exploration on the site
- Predictive Discovery was down 3.85 per cent to $0.25 per share at 1:09 pm AEDT
Predictive Discovery (PDI) has announced positive diamond drilling results from its Bankan Gold Project in Guinea.
The company drilled two holes and extended the high-grade gold zone 110 metres down-dip from the base of the optimised mineral resource pit shell.
The first hole BNERD0099 retrieved 52.8 metres at 3.6 grams per tonne (g/t) gold from 510 metres, including 20.2 metres at 7.3 g/t gold and 4.9 metres at 21.2 g/t gold.
The second hole BNERD00100 intersected 28.6 meters at 1.7 g/t gold from 516 metres, including 15.7 metres at 2.6 g/t gold.
Managing Director Paul Roberts said the results were confirmation of the company’s investigations from earlier this quarter.
“These new results have provided further confirmation of continuing extensions to a depth of the high-grade gold mineralised zone below the optimised resource pit shell as well as a better definition of the steep southwards plunge of the overall mineralised zone,” he said.
“With the gradual drying out of the ground after a longer than expected rainy season, we have restarted auger drilling.
“Currently, we have two multipurpose rigs drilling deeper holes beneath NE Bankan, one air-core (AC) rig testing regional targets identified by earlier auger/AC drilling and now, two auger rigs, testing regional structural targets identified by the aeromagnetic survey earlier in the year.”
Predictive Discovery was down 3.85 per cent to $0.25 per share at 1:09 pm AEDT.