Predictive Discovery Ltd’s (ASX:PDI) power auger drilling program is progressing well at Kaninko Gold Project in Guinea, West Africa, with first results expected in the next 2-3 weeks.
The drilling is part of the company’s overarching 50,000-metre drilling campaign targeting a maiden resource estimate by mid-2021.
This program will see three different drill rigs working simultaneously over the next two months.
Expected to be PDI's largest-ever drill campaign on a single project, the program will also consist of a diamond drill rig, which is set to start drilling in the next few days along with a reverse circulation (RC) program set to begin in the next couple of weeks.
Testing other targets
Upon completion of work at NE Bankan, the power auger rig will be mobilised to test other targets across the Kaninko permit on known surficial artisanal workings similar to those at NE Bankan.
The RC and DD drill rigs have an expected monthly drill production rate of approximately 4,000 metres once both are working in parallel.
Results from the DD and RC programs will start to flow from early to mid-June and continue for several months, providing sustained news flow.
Kankan permit
Around 80 kilometres ESE of Kaninko, a planned aircore/RC drilling program at the Kankan permit testing promising gold-in-soil anomalies, has been temporarily halted while the contractor awaits supply of a new RC hammer.
This program is expected to be completed in the next month.
Koundian project
Work will begin next week with low-cost, early-stage exploration activities at the Koundian project, similar to those undertaken initially at Kaninko, including geological mapping, ground magnetics and soil and rock-chip sampling.
Koundian was acquired in early April 2020, with high-grade gold confirmed by limited historical drilling including 4 metres at 19.80 g/t from 50 metres and 2 metres at 7 g/t from 44 metres.
Saman reconnaissance authorisation
A wide-spaced (400 x 100 metre) soil sampling program has returned results from the southeast corner of the Saman Reconnaissance Authorisation, adjacent to Kaninko.
Some gold-anomalous soil results were received, generally in the range of 20 to 65ppb gold, with a peak value of 109ppb gold.
Further work is required to better understand the significance of these results.
A power auger drilling program may be carried out after the rainy season in November-December 2020.