West-African focused Predictive Discovery (ASX: PDI) is preparing to launch a capital raising, with the ASX granting the company a trading halt - with its shares placed in pre-open.
Planned exploration for PDI in the September includes: Burkina Faso data analysis during wet season including Dave Prospect geological study; and commencement of separately funded, reconnaissance field programs on new ground in Cote D’Ivoire.
In Burkina Faso, PDI’s tenement holding covers around 100 kilometres of strike length in the Samira Hill greenstone belt, located in the east of the country.
Highlighting the prospectivity of the belt, it hosts the 2.5 million ounce Samira Hill gold mine across the border in Niger and contains numerous active artisanal gold mine sites along its length.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 5th September 2013.
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