Predictive Discovery finds new gold prospects at Bankan Gold Project in Guinea
The close proximity of these new gold results and others, both to the north and west of the NE Bankan deposit highlight the expanding potential of the Bankan 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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The close proximity of these new gold results and others, both to the north and west of the NE Bankan deposit highlight the expanding potential of the Bankan Project.
The company is progressing on a dual-track strategy of rapidly expanding and developing the Bankan Project, while continuing to progress its regional and other exploration activities in Guinea.
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The explorer completed four more diamond drill holes at its Bankan property as it works to extend a high-grade gold zone.
“Predictive Discovery has always been fully committed to abide by the legislative and regulatory framework applicable in all the jurisdictions it operates in and we are extremely conscious of our responsibilities to our host country and its
The precious metals explorer tabled a 3.65-million-ounce gold resource across the NE Bankan and Bankan Creek deposits.
The precious metals explorer has been up as much as 26% on the back of the news, which establishes a 3.65-million-ounce gold resource for the Siguiri Basin asset.
Aircore drilling has been focused on a series of regional gold anomalies to the south and west of NE Bankan.
The latest diamond drill results of up to 26 metres at 7.0 g/t gold come after the company de-risked the Guinea-based Bankan project following positive metallurgical test-work.
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Gold mineralisation has been confirmed as free-milling with high gold recoveries, amenable to industry-standard comminution and carbon-in-leach process circuit.
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"The new results add further confirmation of Bankan Creek’s exciting potential, adding to the already impressive list of drill intercepts from that prospect, and will make an important contribution to the upcoming MRE,” says MD.
The precious metals explorer has tabled results for five reverse circulation and diamond drill holes executed over two key prospects within the greenfields Bankan gold discovery.
New results have revealed a high-grade gold core zone, which is already 100-200 metres long and extends down-dip for more than 250 metres.
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This result "is an absolute standout, better than any intercept we have obtained so far in the deposit," says MD as the company advances towards a maiden resource estimate in the September quarter.
The company is undertaking infill drilling in preparation for planned maiden resource estimates on the NE Bankan and Bankan Creek deposits.
The three new holes provide further confirmation that the Central Gold Mineralised Zone continues to extend at depth, thereby continuing to increase the size of the known mineralised body.