Predictive Discovery's (ASX: PDI) share price jumped 21% to $0.34 in intra-day trading yesterday, up from a closing price of $0.27 on Monday 28 March, and came under scrutiny with an ASX price and volume query.
Predictive said it is not aware of any information concerning the company that has not been announced.
However, Predictive did cite in the company's response to the ASX an announcement made on 1 March regarding the acquisition of the Bangaba project in Burkina Faso.
The company also mentioned a 9 March announcement made regarding 'encouraging results' from its auger geochemistry program in the Laterite Hill area of the Bonsiega project.
Predictive has a 1,672 square kilometre tenement in Burkina Faso where the company recently conducted reverse circulation drilling.
Predictive returned gold mineralisation from all holes in a 1.7 kilometre long zone at the Fouli Prospect.
Highlights include:
- 10 metres at 4.6 grams per tonne (g/t) gold;
- 14 metres at 1.9g/t; and
- 8 metres at 1.7g/t.