Predictive Discovery Ltd (ASX:PDI) has been granted a trading halt by the ASX pending new exploration results from Cote d’lvoire.
The trading halt will remain in place until the beginning of trade on Tuesday, June 4, or when an announcement is released to the market, whichever occurs earliest.
Shares last traded at 0.9 cents.
READ: Predictive Discovery drills 27 metres at 2.42 g/t gold at Nyangboue
Earlier this month the company obtained assay results from its latest drilling program at the Nyangboue prospect within the Boundiali project in northern Cote d’lvoire.
Results from the 31-hole reverse circulation (RC) infill program featured 27 metres at 2.42 g/t gold from 27 metres and 13 metres at 1.78 g/t.
Predictive’s managing director Paul Roberts said: “The Boundiali project contains multiple high priority targets over 20 kilometres of gold geochemical anomalies, which are being systematically tested with trenching and drilling programs.
“The Nyangboue infill drill results add significant upside to the wider Boundiali project, which has strong potential to host economic gold mineralisation.
“PDI expects an acceleration of news flow in the coming months including trench and drill results from Boundiali North along with diamond drill assays from Ferkessedougou North in Cote d’lvoire and new geochemical results and ground acquisitions from elsewhere in west Africa.”