Predictive Discovery’s (ASX: PDI) drilling has hit new heights at its Bonsiega gold project in Burkina Faso with thick, meaty gold intercepted that could be the cusp of a large high grade gold discovery. Shares should trade significantly higher this morning.
For those that took the recent placement at $0.019 in October, it is money in the bank.
Its drilling at the Bongou Gold Prospect intersected wide zones of gold mineralisation that provide evidence the strike could increase at depth, increasing its tonnage potential.
It also confirmed a consistent, substantial high grade component in the hanging wall position.
Notable results from the first five holes are:
- 47 metres at 3.2g/t gold from 215 metres including 24.5 metres at 4.9g/t gold;
- 41 metres at 2.8g/t gold from 144 metres including 6 metres at 7.8g/t and 8 metres at 4.5g/t gold;
- 58 metres at 2g/t gold from 14 metres including 5 metres at 7.3g/t gold; and
- 11 metres at 3.1g/t gold from 166 metres including 3.8 metres at 5.7g/t gold.
Assays from the other holes in the program are expected in the next few weeks.
These results take the company a step closer towards making a large, transformative high grade gold discovery in the country.
It has already discovered two anomalies that are indicative of granite-hosted gold mineralisation within a few hundred metres of the Bongou drilling and has identified multiple untested targets within a few kilometres along strike from the prospect.
The company will now focus on discovering more Bongou-style gold mineralisation.
Planned exploration includes reverse circulation and diamond drilling for extensions at Bongou, exploration along strike for additional Bongou-style mineralisation and metallurgical test work.
Bongou
Bongou is located in the south-western portion of the Bonsiega Project tenements in eastern Burkina Faso.
It underlies artisanal workings which form an irregular open pit about 150 metres long and 50 metres wide.
Prior exploration by the company had included rock chip sampling, trenching, ground geophysical surveys and reverse circulation drilling that had returned up to 39.6 metres at 4.3g/t gold and 35.5 metres at 5g/t gold.
Gold mineralisation at Bongou is contained within an intensely silicified and quartz veined, pyrite-bearing granite intrusion.
Whichever way it is sliced, the results are very encouraging, having already discovered two gold geochemical anomalies, which suggest more granite-hosted gold mineralisation, within a few hundred metres of the Bongou drilling.
Predictive's tenements are within the Samira Hill greenstone belt in eastern Burkina Faso This belt hosts the 2.5 million ounce Samira Hill gold mine across the border in Niger. Predictive owns permits which cover both Bongou and any possible extensions along the Bongou structure over a massive strike length of 42 kilometres within Predictive's tenements.
So with multiple untested targets within a few kilometres along strike from the prospect, it is game on for Predictive.
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