Predictive Discovery Ltd (ASX:PDI) has restarted power auger drilling at Kaninko Gold Project in Guinea with a program designed to explore the full horizontal extent of the recent NE Bankan discovery.
The planned 189-hole program for 3,500 metres is designed to follow-up on the NE Bankan discovery by drilling for extensions to the gold mineralised system to the north and south.
Initially, the testing will start to the south of drill hole KKOAC001, which intersected 46 metres at 6.58 g/t from 4 metres, including 10 metres at 26.52 g/t from 34 metres.
Holes will be drilled by Sahara Mining Services on a 900 metres wide, 80 x 80-metre square grid up to 20 metres deep.
This grid will cover distances of about 600 metres to the north and 600 metres to the south of the current 450 metre-long auger grid, extending the strike to around 1,700 metres.
North-East Bankan prospect, drill hole location plan with AC/RC drill traverses showing significant gold intercepts including hole KKOAC001
Next steps
Initial assay results will be released in the next three weeks and will be used to guide follow-up aircore or RC drilling along strike from the NE Bankan deposit.
Additional drilling programs will be announced as soon as drill contracts are finalised.
Shares are up again today and the company has made some impressive gains on the back of strong news since closing at 0.6 cents on April 9, reaching a new high of 8.5 cents on April 16.
Today securities have traded up to 12% higher to 7.2 cents on volume of more than 22 million.