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Predictive Discovery (ASX:PDI) receives further results from Bankan Gold Project

Mining
ASX:PDI      MCAP $404.8M
15 April 2021 12:50 (AEST)
Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts

Source: 121 Mining Investment Events

Predictive Discovery (PDI) has received further results from its ongoing drilling program at its Bankan Gold Project in Guinea.

Both reverse circulation (RC) and diamond drilling is continuing at the project to support a maiden resource estimate planned for mid-year.

Additionally, two power auger rigs are on site, exploring for gold mineralisation beneath significant workings on the Argo permit.

Predictive has received results from a further six RC and four diamond holes, for 1802 metres, drilled at the NE Bankan prospect.

Best results include 11 metres at 3g/t gold from 43 metres including one metre at 25.4g/t gold from 46 metres, and 14 metres at 7.2g/t gold from 217 metres including three metres at 24.8g/t gold.

“These highly encouraging new results from NE Bankan continue to grow the deposit both in the shallow oxide and at depth,” Managing Director Paul Roberts said.

“We can now see two parallel, thick zones of gold mineralisation extending down-dip from the holes above, consisting of an upper 50 metre wide zone averaging 1.4g/t gold and a much higher-grade zone below it,” he added.

Predictive is up 5.88 per cent and shares are trading at 9 cents at 12:23 pm AEST.

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