Predictive Discovery to commence 10,000-metre drill program
Reverse circulation (RC) and diamond drilling will target the Boundiali and Ferkessedougou North project.
Company
ASX:PDI
Predictive Discovery Ltd is focused on delivering long-term sustainable value to our shareholders and stakeholders. Through its local company Mamou Resources, it plans to develop the Bankan Gold Project in the Siguiri Basin, Guinea.
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Reverse circulation (RC) and diamond drilling will target the Boundiali and Ferkessedougou North project.
Gold intercepts were returned in most holes drilled by Toro Gold Limited in a 2,000-metre program.
The company has agreed to relinquish its remaining 30% interest in the project for a cash payment and future reserve ounce royalty on mine production.
The new ground was identified using Predictive’s proprietary “Predictore” prospect generation methodology.
Joint venture partner Toro Gold is carrying out soil sampling at the Boundiali North project in Côte D’Ivoire.
The company has received a cash payment from its joint venture partner Progress Minerals.
The joint venture is striving to identify West Africa’s next large gold mine.
A 7,500-metre reverse circulation drilling program is underway to test gold extensions.
The company's shares are trading about 5% higher intra-day, at 2.2 cents.
Previous drilling intersected 7.5 metres at 16 g/t gold from surface.
Globally renown Canadian resources investor Sprott has a 13% interest in the company.
The company has 12 exciting projects in West Africa's most prolific gold region.
Paul Roberts now holds 3,079,123 ordinary shares and 4,515,021 options in the company.
The company’s shares are trading about 5% higher intra-day, at 2.2 cents.
Shares will open this morning having closed last week at 2.1 cents per share.
Gold anomalies now extend for 20 kilometres strike, twice what was revealed a month ago.
Predictive remains focused on advancing projects in West Africa.
Ferkessedougou North is part of a JV with UK-based Toro Gold Limited.
Gold recovery test work, RC drill results, and auger drill results have all been received.
The Samira greenstone belt hosts the 2.5-million ounce Samira Hill gold deposit across the border in Niger.