Predictive Discovery Ltd's partner pans visible gold from drilling
The remaining drill results for 69 holes are expected to arrive during the remainder of July and through August keeping the company leveraged to further exploration success.
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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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The remaining drill results for 69 holes are expected to arrive during the remainder of July and through August keeping the company leveraged to further exploration success.
Today's intercepts are part of a broader zone about 70 metres wide, with visible gold panned from drill chips. Assays from 63 holes are pending, with another 1000 metres to be drilled. News flow for the next 2-months will be strong.
Kokoumbo is an early stage project with the first 15 diamond holes suggesting widespread gold mineralisation from surface. The permit is located 40 kilometres from Newcrest Mining’s Bonikro gold mine and Endeavour’s Agbaou gold
Paul Roberts, managing director commented: “These are very encouraging initial drill results from surface and confirm the potential to discover good grade mineralisation at Kokoumbo."
Predictive's strategy to operate in joint ventures keeps its cash expenditure low while still giving it exposure to sizeable discoveries on multiple projects.
Predictive is building a considerable presence in Cote D'Ivoire at an opportunistic point in time given the strong AUD gold price (~A$1620) and previous under exploration of Cote D'Ivoire.
Predictive has intersected gold in its first round of assays from its drilling program at the British Banner prospect west of Ballarat. Adding to the news flow, more assays are pending in coming weeks.
The joint venture now holds a strategic 800 square kilometre contiguous block in the very well mineralised greenstone belt which hosts Newcrest's operating Bonikro mine and Endeavour's Agbaou gold mine.
Newsflow is set to intensify for Predictive Discovery from two drill programs in the coming months. Recent large scale artisanal mining has exposed large areas of bedrock at the Kokoumbo permit. Drilling will test whether broad gold mineral
Predictive revealed that partner Toro Gold had received results of infill soil sampling at Boundiali, which supported and enlarged the discovery reported earlier at the project, which sits just south of Resolute Mining’s multi-million
Predictive Discovery is on a roll in West Africa, with new funding supporting growing gold portfolios across Burkina Faso and Cote D’Ivoire, where a recent acquisition boasts 5 metres at 20.6 g/t gold.