Predictive Discovery extends NE Bankan gold discovery in Guinea by 30% to 1.3 kilometres
Shallow power auger drilling has returned up to 16 metres at 1.13 g/t and 16 metres at 1.39 g/t within the new 300-metre long zone.
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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Shallow power auger drilling has returned up to 16 metres at 1.13 g/t and 16 metres at 1.39 g/t within the new 300-metre long zone.
The company can now undertake reverse circulation and diamond drilling on the Saman permit.
Funds raised will contribute towards as drilling program focused on the recent discovery at the North-East Bankan gold deposit with additional drilling on nearby prospects.
Funds raised will be used towards exploration activities at the Kaninko Gold Project in Guinea as well as for general working capital.
The company holds around 800 square kilometres of prospective landholdings across five projects all of which contain artisanal gold workings and are within the Siguiri Basin.
The company is undergoing a transformational stage resulting from the Kaninko gold discovery in Guinea.
One diamond drill rig and one reverse circulation (RC) drill rig are now both on site.
The company has three 100%-owned projects in West Africa with 50,000 metres of power auger, reverse circulation and diamond drilling programs underway at Kaninko.
The 50,000-metre drilling program at the Kaninko Gold Project incorporates power auger, reverse circulation and diamond drilling.
The capital raising will place Predictive in the strongest financial footing it has ever enjoyed, ensuring it is well-funded to carry out an unbridled exploration push at the Kaninko Gold Project in Guinea.
During late March and early April, the company completed 23 holes of angled aircore and RC drilling along four traverses, testing beneath or along strike from a mix of elevated power auger gold assays, trenching and artisanal pits.
Shares rise again as first results are received from drilling at Bankan Creek prospect within the Kaninko Gold Project.
Both the northern and southern extensions of the 12.8-hectare, plus-0.25 g/t gold anomaly at the NE Bankan prospect will be tested.
Capital DI Limited, which is based in Mauritius, purchased 30 million shares valued at $150,000 in the company’s $612,000 placement
The company is well-funded to execute the next phase of fieldwork on a recent gold discovery at its 100%-owned Kaninko Gold Project in Guinea.
The latest results are from a nine-hole diamond drilling program at the Ferkessedougou North Gold Project in Cote D’Ivoire.
Drilling has demonstrated the presence of a very broad, north-trending zone which is at least 450 metres long and open in all directions and at depth.
The company is focused on its Guinea portfolio in the prolific Siguiri Basin as well as joint venture projects in Cote d’lvoire and Burkina Faso.
The company will use the funds to evaluate its exploration properties in Guinea with a focus on the new Koundian project.
The company now holds about 799 square kilometres of prospective landholdings across nine permits/authorisations in Guinea, all containing artisanal gold workings.