- Drilling at Predictive Discovery’s (PDI) NE Bankan prospect, within its Bankan project in Guinea, has further extended the gold mineralised zone
- The ongoing drilling program has returned an intercept of 34 metres at 5.5 grams of gold per tonne, including 13 metres at 9.6 g/t
- Predictive says this result is impressive and confirms that the high-grade zone is around 150 metres long below the limits of the resource pit shell
- Additional assays are pending and drilling is set to continue until December 18 when the company will break for Christmas, returning in January
- Shares last traded at 25 cents on December 8
Drilling at Predictive Discovery’s (PDI) NE Bankan prospect within its Bankan project in Guinea has further extended the gold mineralised zone.
The deep drilling program at the project is ongoing and is aimed at extending the high-grade gold zone at depth below the optimised pit shell, which contains the maiden resource estimate as released in September.
So far, the company said the work has demonstrated that the high-grade zone is still open at depth. The deepest drill hole so far reportedly returned 13 metres at 4.6 grams of gold per tonne (g/t) from 601 metres, including seven metres at 7.0g/t from 606 metres.
A shallower step out hole returned an intercept PDI deemed impressive which included 34 metres at 5.5g/t gold from 441 metres, including 13 metres at 9.6g/t from 460 metres.
On the back of these results, Predictive plans to drill more holes in areas of similar geology near the northern margin of the high-grade zone.
Assays are pending for a further three deep drill holes, two of which are currently in progress.
Due to variable hole deviation in recent deeper drill holes, several holes intersected the hangingwall shear to the south or up-dip of the targeted target placements.
PDI said it is discussing several methods with the drilling contractor to limit deviations in the increasingly long diamond drill holes moving forward.
Two multipurpose drill rigs are on site and drilling holes to depths of between 500 and 650 metres below surface.
However, the company is planning to break on December 18 with diamond and aircore drilling to be suspended until early January. One auger rig has been set to continue drilling through the Christmas period.
With $20 million cash, Predictive said it is well funded to complete all work programs.
Shares last traded at 25 cents on December 8.