Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts
Managing Director, Paul Roberts
Source: Hot Copper
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Predictive Discovery (PDI) has received results from diamond and reverse circulation (RC) drill holes at the Bankan Project in Guinea
  • During the latest campaign, drilling was undertaken at both the Bankan Creek and NE Bankan prospects
  • Work at Bankan Creek intersected broad mineralisation over a down-hole length of 91.6 metres and averaging 1.9g/t gold
  • Further, drilling at NE Bankan is continuing to identify wide zones of mineralisation to the north and south of previous holes
  • The company is now in the process of reviewing data to help design further diamond and RC holes for the phase two drilling program
  • Predictive is up a slight 1.59 per cent on the market with shares trading for 6.4 cents each

Predictive Discovery (PDI) has received results from diamond and reverse circulation (RC) drill holes at the Bankan Project in Guinea.

Drilling was undertaken at both the Bankan Creek and NE Bankan prospects.

Bankan Creek

Hole KKODD20 at Bankan Creek intersected broad mineralisation over a down-hole length of 91.6 metres and averaging 1.9g/t gold.

This suggests a large gold mineralised body that may be a significant addition in the upcoming mineral resource estimate.

Other results include 16 metres at 4.0g/t gold from 127 metres, nine metres at 2.3g/t gold from 69 metres, and 43 metres at 1.8g/t gold from 82 metres.

Upcoming drilling at Bankan Creek will aim to test the full extent of the prospect.

NE Bankan

Recent results from NE Bankan are continuing to identify wide zones of mineralisation to the north and south of previous holes.

Hole KKODD018 returned an average grade of 1.4g/t gold over 60 metres and better results of five metres at 1.8g/t gold from 112 metres and 36 metres at 1.5g/t gold from 74 metres.

“These new results strengthen the project considerably by confirming thick true widths along strike from earlier diamond drilling on NE Bankan and suggesting that the Bankan Creek mineralisation may be much more extensive than we originally thought,” Managing Director Paul Roberts commented.

“What has also become clear is that we have just scratched the surface of the project and much more exploration is required to fully unearth its potential,” he said.

“As such, a new power auger drilling program is about to begin on a western extension of the NE Bankan auger grid, testing a possible new north-south zone of gold mineralisation between the NE Bankan and Bankan Creek deposits,” he added.

Predictive is now in the process of reviewing data from this recent drilling to help design further diamond and RC holes for the phase two drilling program scheduled to begin on October 22.

The company is also continuing exploration of Bankan Creek and NE Bankan as it targets the release of a maiden resource estimate in mid-2021.

Predictive is up a slight 1.59 per cent on the market with shares trading for 6.4 cents each at 11:42 am AEDT.

PDI by the numbers
More From The Market Online
The Market Online Video

Triton Minerals (ASX:TON) executes material transaction for Ancuabe Graphite Project, Mozambique

Keely Lynch:

It’s hard to imagine a world without a mining company called Anglo American

Growing up in South Africa it seemed inconceivable that Anglo American, a mining colossus at its zenith…

Matador snaffles high grade copper play in Newfoundland

Matador Mining is set to add a high-grade copper play in the Canadian province of Newfoundland…

Provident Aurum’s off-market bid sends Sihayo shares soaring

Small-cap mineral and gold explorer, Sihayo Gold (ASX:SIH) shares have soared, on news that the company…