Predictive Discovery (ASX: PDI) may trade firmer today after confirmation of new drilling at its Bongou gold project in Burkina Faso.
The 2,000 metre diamond drilling program is to commence on February 10th, following on from broad, high grade gold hits in 2013.
These included true width intersections of 52 metres at 3.2 grams per tonne gold from 99 metres, and 24.5 metres at 4.9 grams per tonne gold, contained within 47 metres at 3.2 grams per tonne gold from 215 metres.
Drilling will test for extensions to Bongou gold mineralised granite at depth and along strike, followed by trenching to follow up a new Bongou-like mineralised zone, 500 metres to the north-west.
A geophysical survey along strike will to test for more concealed granite bodies, and metallurgical testwork is planned for March.
Predictive is fully funded to carry out this exploration program after placing $1.1 million in shares at $0.016 in late January, which brought its cash balance up to $2.3 million.
Predictive is capitalised at $5.8 million.
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