- Predictive Discovery (PDI) intersects further high-grade gold at the NE Bankan gold deposit within the Bankan gold project in Guinea
- Results have been received for eight diamond holes with drilling designed to upgrade the 79.5 million tonne resource to the indicated category
- Grade control reverse circulation (RC) drilling is also underway to test the short-range variability of the mineralisation
- Up to 19.56 g/t gold was intersected in the diamond drilling with the RC drilling intersecting grades of up to 21.6 g/t gold
- Predictive is up 9.21 per cent on the market with shares trading at 20.8 cents at 1:28 pm AEST
Predictive Discovery (PDI) has intersected further high-grade gold at the NE Bankan gold deposit within the Bankan gold project in Guinea.
The company received results for eight diamond holes from drilling designed to target the plunge extension of the high-grade shoot and upgrade the 79.5 million tonne resource to the indicated category.
Results include 48 metres at 5.26 grams per tonne (g/t) gold from 216 metres including five metres at 19.56 g/t gold from 254 metres, and 43 metres at 4.88 g/t gold from 304 metres including four metres at 16.53 g/t gold from 342 metres.
Grade control reverse circulation (RC) drilling is also underway to test the short-range variability of the mineralisation with results to be used to determine required drill spacing for resource conversion and reconciliation of the resource model.
RC results are reported for 73 holes with a best intercept of 19 metres at 1.16 g/t gold from three metres including three metres at 22.82 g/t gold from 53 metres.
Managing Director Andrew Pardey said drilling has continued to “prove up” the significance of what is the largest gold discovery in West Africa for over 10 years.
“With the expanded drilling cap and the data gathered to date, Predictive continues to maintain significant momentum in its development as we gain further knowledge of what will clearly become a Tier 1 asset in the gold mining industry,” he said.
Ground geophysics is continuing with preliminary gradient-array and pole-dipole induced polarisation results mapping the mineralisation along the NE Bankan Thrust.
Predictive was up 9.21 per cent on the market with shares trading at 20.8 cents at 1:28 pm AEST.