Predictive Discovery Ltd (ASX:PDI) has received initial drill results from an ongoing 5,000-metre reverse circulation (RC) drill program on the Bira prospect within the Burkina Faso Joint Venture.
Results have been received for 14 holes, totalling 1,496 metres of the planned 5,000 metres.
Assays received include 17 metres at 1.74 g/t gold from 2 metres and 27 metres at 1.83 g/t gold from 23 metres.
READ: Predictive Discovery drilling aims to boost West African gold joint venture prospects
Predictive’s managing director Paul Roberts said: “These new RC drill results confirm that the Bira gold mineralisation is highly consistent, continuous and open in all directions.
“In addition, the new power auger results indicate promising potential for over three kilometres to the south.
“The rapid progress and excellent results from Progress Minerals on our Burkina ground are very pleasing. We await the next batch of drill results with great interest”.
Predictive has discovered gold mineralisation on multiple prospects in Eastern Burkina Faso
Predictive’s current tenement holdings in Burkina Faso cover 90 kilometres of strike length of the Samira Hill greenstone belt.
This belt hosts the 2.5 million ounce Samira Hill gold deposit across the border in Niger and contains numerous active artisanal gold mine sites along its length.
Predictive has discovered gold mineralisation on multiple prospects in Eastern Burkina Faso area.
Joint venture partner, Progress Minerals International can earn a 70% interest in the above area by spending $US5 million on exploration and project evaluation.