Predictive Discovery Ltd (ASX:PDI) is continuing its high-grade gold drilling spree in West Africa, hitting 14 metres at 10.74 g/t gold at the Ferkessedougou North Gold Project in Cote D’Ivoire.
Yesterday, the company’s shares skyrocketed after revealing broad, high-grade results of up to 46 metres at 6.58 g/t gold from 4 metres at Kaninko Project in Guinea.
Predictive shares were last trading at 6.6 cents, a 1000% increase over the last week.
Ferkessedougou North diamond drilling
The latest results are from a nine-hole diamond drilling (DD) program totalling 1,659 metres at the Ouarigue South Prospect within the Ferkessedougou North Gold Project.
Managed by joint venture partner Resolute Mining Limited (ASX:RSG), results have confirmed a continuous, easterly-dipping, gold-mineralised zone, extending from surface to a vertical depth of 175 metres, which remains open at depth.
Better intersections included:
- FNDC011: 51.00 metres at 1.27g/t gold from 169.00 metres;
- FNDC012: 14.00 metres at 10.74g/t gold from 33.00 metres;
- FNDC015: 33.00 metres at 1.62g/t gold from 28.00 metres; and
- FNDC016: 17.15 metres at 1.39g/t gold from 110.85 metres.
Predictive’s portfolio of gold projects including joint venture projects held with Resolute Mining
Predictive managing director Paul Roberts said: “The results from Ouarigue South provide further strong encouragement of the strength of this mineralised gold system and highlights the potential of making more discoveries along the “Leraba” gold-in-soil geochemical trend.
“These results further strengthen our confidence that Ouarigue South has the potential to host a valuable gold resource, the limits of which are still to be defined.”
Ouarigue South - Drill hole locations along with previous drilling and trenching results with interpreted geology
Next steps
An infill and extension program has been planned to further test the down-dip extent of the system and improve understanding of the grade distribution and potential internal high-grade plunges.
Continuing review and interpretation of the regional results may show other areas along strike on the main structure of other intrusives or potential traps for the mineralising fluids.
Resolute has advised that owing to current COVID-19 restrictions in Cote D’Ivoire, the planned power auger and air core drilling programs that were scheduled to commence after the Ferkessedougou North diamond drilling program was completed have been suspended.