Predictive Discovery Ltd (ASX:PDI) has received further assays from drilling at the Nyangboue gold prospect extending the mineralised zone to at least 1.2 kilometres.
The 92 hole drill program was completed by PDI’s joint venture partner, Toro Gold Limited at the Boundiali Project in Cote D’Ivoire.
New drill results included grades of up to 10.5 g/t gold.
This builds on the recent reverse circulation drilling which included bonanza grade gold of up to 144.5 g/t gold.
The company is still awaiting results from 15 holes and programs of ground geophysics are also being planned.
Paul Roberts, managing director, commented:
“With each new set of drill assays, the strike length of the Nyangboue gold mineralisation has grown.
“It is now clear that this is a significant new gold discovery.
“While gold values are variable in the holes drilled so far, this is to be expected in any shear-hosted gold deposit of this type, especially one which has been drilled on such a wide drill line spacing.”
Nyangboue Prospect
The Nyangboue Prospect is part of the Boundiali Project located in Cote D’Ivoire.
The reverse circulation drilling program on the Boundiali permit consisted of a total of 92 holes and 5,496 metres drilled.
The program was designed to test a two kilometre long zone of strong and coherent gold-in-soil anomalies.
Highlights from drilling to date includes 20 metres at 10.5 g/t gold and 28 metres at 4.0 g/t gold.
New drill results include:
- 2 metres at 7.7 g/t gold from 42 metres;
- 6 metres at 1.5 g/t gold from 14 metres; and
- 1 metre at 10.5 g/t gold.
The prospect is a part of the joint venture with the UK-based Toro Gold Limited, which Predictive now holds a 49% interest in.
Analysis
Drilling to date at the Nyangboue gold prospect has identified a number of positive characteristics including:
- Gold intercepts from surface;
- Individual high grades in most intercepts, suggesting that a 2+ g/t gold bulk grade is a strong possibility;
- Abundant visible gold in higher grade intervals suggesting simple metallurgy; and
- Initial indications of good continuity in the controlling structure(s).
Predictive also see several other good prospects on the permit which are, as yet, untested by drilling.
News flow is expected to continue with assays still to be received from 15 holes.
The stock is trading up 265% year to date.
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