Predictive Discovery trades on deferred settlement during consolidation
Predictive’s principal focus is in the countries of Cote D’Ivoire and Burkina Faso.
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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Predictive’s principal focus is in the countries of Cote D’Ivoire and Burkina Faso.
Drilling at the Boundiali project is with U.K. partner Toro Gold.
Predictive's total outstanding shares will reduce to 116 million.
Diamond drilling is funded by the company's Canadian partner.
A diamond drilling program of 1,500-2,500 metres is scheduled for April.
Drilling is again underway at the new Nyangboue gold discovery.
The applications lift Predictive's total holdings to over 6,000 square kilometres.
Predictive Discovery (ASX:PDI) has outlined that its partner, Toro Gold Limited, continues to deliver encouraging gold-in-soil results from three Cote D’Ivoire permits.
Predictive will commence a 1,500 metre diamond drilling program this quarter.
Predictive Discovery (ASX:PDI) has received a notice of initial substantial holder from Exploration Capital Partners 2005 Limited Partnership.
Paul Roberts commented “These are encouraging first pass soil assays."
The three new targets are the result of a soil and rock chip sampling program that produced values of up to 726 g/t gold which came from an artisanal mine site.
The funds will be employed to support the Toro Gold joint venture in Cote D’Ivoire, Bobossa joint venture in Cote D’Ivoire and Burkina Faso permits.
Paul Roberts, managing director, commented: “With each new set of drill assays, the strike length of the Nyangboue gold mineralisation has grown. It is now clear that this is a significant new gold discovery."
Predictive have a number of promising gold prospects across its projects in West Africa and this funding will provide the company with options to advance multiple prospects.
Gold has now been intersected on three drill lines, with a minimum strike extent of at least 640 metres, open to the north, south and at depth. Assays are pending from another 57 holes.