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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“These results are from within the optimised resource pit shell and are aimed at providing further certainty of the tonnes and grade ahead of ultimately building and mining the NE Bankan deposit," MD Andrew Pardey said.
“The company’s understanding of Bankan’s rich geology has accelerated substantially with 10 active drill rigs on site, up from four at the beginning of the year. Results to date correlate with our geological model of the orebodies discovere
“Predictive’s next phase of drilling, which is focused on further defining the quality and extending the fast-growth resource of the NE Bankan gold deposit, continues to prove up the significance of what is the largest gold discovery in Wes
The upgrade comes after Predictive recorded an 18% increase in the mineral resource at the NE Bankan deposit, where the gold grade has improved from 1.57 g/t to 1.65 g/t.
Predictive Discovery has closed its SPP as it looks to fund a comprehensive work program at Bankan.
Based on the results to date, Predictive believes the high-grade gold zone at the NE Bankan deposit remains open at depth.
International lawyer and advisor Sandra Bates will join the executive team as a non-executive director from today, bringing legal expertise and environmental, social and governance (ESG) experience.
“Bankan is potentially one of many significant gold deposits and marks the beginning of our journey in developing Guinea’s Siguiri basin into one of the most exciting new gold addresses in West Africa,” says MD.
“We are delighted to welcome our four new senior leaders who will support our goal of developing and building Guinea’s next gold mine,” says MD Andrew Pardey.
Last month, Predictive recorded a whopping 41.5-metre hit grading 5.2 g/t gold during diamond drilling at Bankan.
“Predictive is now entering a new phase of its exploration with a greatly expanded drilling program and the improved geological understanding that flows from it,” says MD.
“Adding to the ongoing, deep drill success at NE Bankan, aircore drilling of the Bankan regional prospects continues to identify new, highly encouraging zones of gold mineralisation,” says executive director.
Diamond drilling to extend the mineralisation zone at Bankan has struck high-grade gold, and the company's expansion strategy proceeds apace with the appointment of a specialist Geology Manager to the project.
PDI has developed and presented an assistance proposal, which has now been given the green light, to the Ministry of Environment and Sustainable Development (MESD).
While Pardey’s experience as a geologist will no doubt come into play, his 30 years’ experience covering exploration, project development, construction and operation will be invaluable to PDI as it continues to unearth new gold discoveries
“These new assays, as well as previous results from elsewhere in the project area, demonstrate clearly that the Bankan Project is an emerging gold camp with the right structural and geological setting to host multiple gold deposits,” says M
The strong results reveal zones of high-grade gold mineralisation below the US$1,800/ounce resource pit shell and the company is confident of further NE Bankan success with two rigs double shift drilling.
The results provide further confirmation of continuing extensions to depth of the high-grade gold mineralised zone below the optimised resource pit shell as well as better definition of the steep southwards plunge of the overall mineralised
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The underground potential of the NE Bankan deposit grows with every high-grade deeper intersection.
