Predictive Discovery Ltd (ASX:PDI) has been granted a trading halt by ASX with an announcement pending in regard to material exploration results.
In its request to the ASX for the halt, PDI said it would “allow it time to analyse and report the data to the market”.
The halt will remain in place until the start of regular trading on Monday, July 19, or until an announcement is released to the market, whichever occurs earliest.
Shares last traded at A$0.095 while the company’s market cap is approximately A$120.5 million.
Strong Bankan results
The company has recently recorded its highest impact gold intersection to date at the Guinea-based Bankan Project with 44 metres at 8 g/t gold from 265 metres.
Predictive drilled four diamond drill holes, covering 1,060 metres, across two of the project’s prospects - NE Bankan and Bankan Creek.
The 44-metre intersection at NE Bankan included 17 metres at 18.1 g/t from 273 metres and is the company's best result so far.
Meanwhile, Bankan Creek didn't disappoint either with a diamond drill hole intersecting as much as 24.1 g/t gold 37 metres from the surface.
Infill resource drilling continues at Bankan Creek prospect, with Predictive growing more certain the area will contribute strongly to a planned maiden resource estimate.