Predictive Discovery Ltd (ASX:PDI) has been as much as 15% higher after receiving high gold grades in multiple, thick intersections from reverse circulation (RC) and diamond drilling at NE Banjkan deposit with the Bankan Gold Project in Guinea.
Multiple, wide gold intersections have been returned from shallow oxide and deeper drilling at NE Bankan, with infill drilling to be carried out to support the maiden resource estimate planned for mid-2021.
Best results include 45 metres at 5.4 g/t gold from 65 metres, including 1-metre at 187.5 g/t; and 65 metres at 2.7 g/t from 47 metres, including 7 metres at 9.8 g/t gold, 1-metre at 13.6 g/t and 2 metres at 8.2 g/t.
Other results are:
- 19 metres at 4.8 g/t from 178 metres, including 6 metres at 13.7 g/t;
- 10 metres at 4.0 g/t from 141 metres, including 4 metres at 7.7 g/t; and
- 74 metres at 1.3 g/t from 6 metres, including 2 metres at 10.1 g/t.
Potential for large gold inventory
Managing director Paul Roberts said: “The latest results strengthen our belief that NE Bankan has all the hallmarks of a plus-million-ounce gold system, with broad zones of gold consistently intersected over a growing strike length.
“The presence of some extremely high grades in these new results also speaks to the strength of the gold mineralised system.
“With highly encouraging drill results also being received from other prospects in the area, the potential for a multi-million-ounce resource inventory across the Bankan Project is increasing with every new set of results.
“Infill hole BNERD0007 suggests a flattening of the gold mineralised structure with depth, highlighted by an intersection of 19 metres at 4.8 g/t from 178 metres.
“If a similar flattened dip is observed at depth on adjacent cross-sections, the volume of mineable gold within a potential future open pit mine may be significantly expanded.”
NE Bankan Prospect long section showing gold endowment with pierce points at the mid-point of drill hole intervals.
Shares higher
Shares have been up to 7.4 cents intra-day, 15% higher than the previous close.
Metallurgical test-work is scheduled to begin in April 2021.
Power auger drilling
In addition to the ongoing RC and diamond drilling, power auger drilling has been in progress since October last year.
The focus of the power auger is to search for gold mineralisation in the areas around Bankan West, Bankan Creek and NE Bankan.
Once results from the recently completed aeromagnetic survey are assessed, auger programs will be extended further to the north and south in the search for new satellite gold discoveries.