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 Koundian Project lies within the Kinieran-Mandiana goldfield and covers a highly prospective area with multiple gold mineralised sites and strong gold values suggesting a very favourable geological setting.
The trading halt will remain in place until Wednesday, April 8, or when an announcement is released to the market.
The company anticipates Kaninko drilling to be completed within a week and Kankan drilling by early April.
The company is focused on its west African gold projects in Burkina Faso, Cote D’Ivoire and Guinea.
Power auger drilling is a rapid and cost-effective exploration method for the collection of bedrock samples below tracts of lateritic and transported cover.
The company has entered into joint ventures with development-oriented partners on projects in Cote D’Ivoire and Burkina Faso.
Drilling is set to commence next week at the Ouarigue South discovery following up 2019 results of 45.3 metres at 3.16 g/t gold and 39.7 metres at 3.54 g/t gold.
The new director has more than 25 years’ experience in the global resources sector specialising in corporate finance and equity capital markets.
New funds will enable Predictive to drill promising gold targets across its portfolio in Guinea.
Shares subscribed for under the SPP will be issued today, with the tranche-2 placement shares being issued following settlement on December 4.
Predictive has 15 gold projects in three countries across West Africa's Birimian Greenstone Belt.
A soil sampling program has been completed over a 17 square kilometre area covering three known prospects in the Kaninko permit with assay results expected in the next three weeks.
Funds raised will be used to advance Predictive’s 100%-owned Guinea portfolio and contribute to the Cote D’Ivoire Joint Venture with Resolute Mining.
The company’s securities are in a trading halt until Wednesday, October 16, or when an announcement is released.
Sample results have identified three prospects for potential drill targeting.
The Bocanda North permit covers 400 square kilometres on a major structural position along strike from the Bobosso Gold Project.
In November 2019 the JV will commence a modest diamond drilling program to test extensions to the known mineralised body at Ouarigue South.
PDI is conducting pre-drilling exploration at a number of its targets across Guinea to identify priority drill targets.
Results confirm the strong potential for the Nyangboue gold system to grow in extent, with mineralisation remaining open along strike and down dip.
The company is in the early stages of exploring a series of 100%-owned projects in Guinea which have produced encouraging gold geochemical anomalies at the Nonta and Kanan Projects.
