Predictive Discovery Ltd (ASX:PDI) has received additional power auger drill results along strike from the Bira Prospect on the Burkina Faso joint venture with Progress Minerals.
Significant drill intercepts include:
• 27 metres at 1.83 g/t gold from 23 metres.
• 33 metres at 1.42 g/t gold from 51 metres; and
• 22 metres at 1.55 g/t gold from 115 metres.
The company’s shares are trading about 11% higher intra-day, at 2.1 cents.
READ: Predictive Discovery obtains 97% gold recoveries at growing Bira prospect
Predictive managing director Paul Roberts said: “With these results, we can now see the scale of the opportunity south-west of Bira.
“There is excellent potential to find very large tonnages of gold mineralisation in this large area, building on the 800 metres of gold mineralised strike length already outlined by the recent RC drill program.”
Interestingly, gold anomalies south-west of Bira now extend for 20 kilometres of strike length, twice what was revealed one month ago.
Predictive has planned up to 20,000 metres of drilling on seven prospects, which is expected to start in November-December 2018 after the rainy season.
The gold project generator is progressing across its portfolio of projects and exploration licenses in Burkina Faso, Côte d’Ivoire, and Mali.
Roberts added: “Elsewhere, work continues apace across our West African portfolio.
“In Cote D’Ivoire on the Toro Joint Venture, an IP geophysical survey is currently underway on Kokoumbo (near Bonikro Mine) along with soil geochemical sampling on 16km of untested Nyangboue Shear zone at Boundiali North, northern Cote D’Ivoire.
“We are also awaiting a large number of gold assays from the Ferkessedougou North RC drill program.
“Diamond drilling is planned on Kokoumbo in July-August. We are also in discussions with multiple permit holders in Mali.”