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Predictive Discovery (ASX:PDI) intersects up to 187g/t gold at NE Bankan

Mining
ASX:PDI      MCAP $404.8M
15 March 2021 11:20 (AEST)
Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts

Source: The Market Herald

Predictive Discovery (PDI) has received results from 13 holes drilled at the Bankan Gold Project in Guinea.

The wholly owned Bankan Gold Project is made up of four tenements, which cover 358 square kilometres.

The 10 reverse circulation (RC) holes and three diamond holes were drilled as part of Predictive’s ongoing 25,000-metre drilling program, which is aimed at delivering a maiden mineral resource estimate by mid-year.

Pleasingly, the latest drill holes have returned some exceptionally high gold grades from the NE Bankan prospect.

Best results include 45 metres at 5.4g/t gold from 65 metres including one metre at 187.5g/t gold, 65 metres at 2.7g/t gold from 47 metres including seven metres at 9.8g/t gold, one metre at 13.6g/t gold and two metres at 8.2g/t gold, and 19 metres at 4.8g/t gold from 178 metres including six metres at 13.7g/t gold.

“The latest results strengthen our belief that NE Bankan has all the hallmarks of a plus-million ounce gold system, with broad zones of gold consistently intersected over a growing strike length,” Managing Director Paul Roberts said.

“With highly encouraging drill results also being received from other prospects in
the area, the potential for a multi-million-ounce resource inventory across the Bankan Project is increasing with every new set of results,” Paul added.

Looking ahead, Predictive plans to conduct metallurgical test work and infill drilling to support the upcoming resource estimate.

Company shares are up 9.23 per cent and trading at 7.1 cents at 10:16 am AEDT.

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