Predictive Discovery Ltd (ASX:PDI) has received a speeding ticket from the ASX for a change in the share price of the company’s securities from a closing price of $0.006 on 29 June 2016, to an intra-day high today of $0.012.
The volume of shares traded had also increased. In response, the company said it was not aware of any information not announced to the market that could explain the gain.
It pointed to the already released bullish initial RC drill results on 23 June 2016 from Boundiali, Cote D’Ivoire.
Predictive is in joint venture with the UK-based Toro Gold Limited on six granted permits and two permit applications in Cote D’Ivoire.
Assays from the first eight of 71 reverse circulation holes are broad, and high-grade.
At the Nyangboue Prospect, highlights included:
- 28 metres at 4.0g/t gold from 3 metres, including 1 metre at 49.7g/t gold;
- 14 metres at 5.5g/t gold from 32 metres, including 1 metre at 31.6g/t gold; and
- 20 metres at 2.0g/t gold from surface
What deemed these of particular note is that these intercepts appear to be from separate but adjacent mineralised zones on one drill cross section across a 2 kilometre long strong and coherent gold-in-soil anomaly.
Visible gold has been panned from the drill chips.
With results from an additional 63 holes flowing through and an additional 1,000 metres of drilling the promise from the first few holes hints at unearthing a major gold mineralised system.
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