Predictive Discovery Ltd (ASX:PDI) and partner Toro Gold Limited have received further positive gold assays from the Boundiali Project in Cote D’Ivoire.
Highlight from the recent assays at the Nyangboue Prospect include:
- 9 metres at 7.9 g/t gold from 99 metres, including 1 metre at 44.7 g/t gold; and
- 7 metres at 3.8 g/t gold from 33 metres, including 1 metre at 11.3 g/t gold.
These zones indicate that the mineralised package extends for at least 320 metres along strike, and is open to the north, south and at depth.
Assay results for 69 holes on six drill sections remain outstanding.
Paul Roberts, managing director, commented:
“This new set of results confirms that the newly discovered Nyangboue gold mineralised system persists both at depth and along strike.
“We are especially encouraged by the high grade of the first of the deepened holes on the first section drilled possibly indicating an additional mineralised zone.”
Drill program
The reverse circulation drilling program on the Boundiali permit is now complete with a total of 92 holes and 5,496 metres drilled.
The program tested a 2 kilometre long zone of strong and coherent gold-in-soil anomalies
The first phase of drilling produced a series of high-grade results including:
- 28 metres at 4.04 g/t gold from 3 metres, including 1 metres at 49.7 g/t gold;
- 20 metres at 1.97 g/t gold from surface; and
- 14 metres at 5.51 g/t gold from 32 metres, including 1 metres at 31.6 g/t gold.
This current set of assays is from 15 drill holes and one deepened section of a hole from the first phase.
Highlights include:
- 9 metres at 7.9 g/t gold from 99 metres, including 1 metre at 44.7 g/t gold;
- 7 metres at 3.8 g/t gold from 33 metres, including 1 metre at 11.3 g/t gold;
- 8 metres at 1.5 g/t gold from 38 metres; and
- 9 metres at 1.2 g/t gold from 20 metres.
At this stage, the company expects to be releasing drill data through most if not all of August.
JV details
Predictive is in joint venture with the UK-based Toro Gold Limited on six granted permits and two permit applications in Cote D’Ivoire.
The Toro joint venture operates through Predictive’s subsidiary, Predictive Cote D’Ivoire SARL (Predictive CI) of which Predictive now holds 49%.
Toro can earn a further 14% of Predictive CI by spending US$2.5 million, which would then lift its equity to 65%.
At this stage, Predictive said that it plans to contribute 35% of the ongoing expenditure once Toro achieves its 65% equity.
Analysis
These new assays indicate that the gold system extends at least 320 metres to the north with the majority of drill results covering a 2 kilometre strike length yet to come.
The remaining drill results for 69 holes are expected to arrive during the remainder of July and through August keeping the company leveraged to further exploration success.
Visible gold has again been panned from drill chips from some of the reported drill holes.
Predictive is trading up 5 times year to date, currently priced at $0.016.
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