Predictive Discovery (ASX:PDI) is undertaking a share consolidation on a 10 for 1 basis, reducing the total outstanding shares for the company to circa 116 million.
Predictive is set to increase news flow from a diamond drilling program at its Bobosso Project in Cote D’Ivoire.
The program is being funded by Canadian company, Progress Minerals Inc, which is earning an initial 30% interest by funding US$1 million in exploration expenditure.
Between 1,500 to 2,500 metres of drilling is planned.
The program is aiming to develop a clear geological model of gold mineralisation continuity to later support resource estimations.
In other Predictive exploration news, joint venture partner Toro Gold Limited recently completed the Boundiali diamond drilling program, and is now gearing up for a reverse circulation program on the same permit.