Substantial Oxide Gold Zone Emerging At Bankan
Predictive Discovery Limited (ASX: PDI) has received further positive Reverse Circulation (RC), Diamond Drill (DD) and Auger holes drilling results from the Bankan Gold Project, located in Guinea.
Managing Director, Paul Roberts, said infill RC drilling has confirmed a substantial zone of shallow oxide mineralisation at NE Bankan, with deeper drilling highlighting very broad widths in fresh rock and excellent hole-to-hole continuity, as well as depth continuity.
Drilling Highlights include: 34m @ 1.4g/t Au from 179m; 28m @ 1.8g/t Au from 218m; 18m @ 2.2g/t Au from 74m; 52m @ 1.5g/t Au from 3m; 32m @ 1.3g/t Au from 118m; 80m @ 1.1g/t Au from surface; 10m @ 1.6g/t Au from 35m; 27m @ 1.2g/t Au from 51m; 5m @ 4.1g/t Au from 84m, including 1m @ 16.5g/t Au from 87m; 24m @ 3.1g/t Au from 32m, including 2m @ 11.45g/t Au from 49m
“We are highly encouraged by the results from the first two lines of infill drilling from the shallow oxide programme across the central zone at NE Bankan,” Mr Roberts said.
“This programme has shown that the NE Bankan gold zone in this area is almost continuously gold mineralised over approximately 200m of horizontal width to depths of 50-70m.
“What this indicates is a deep, broad zone of soft, deeply weathered bedrock material which has potential to substantially improve the Project’s economics.
“Also, the step-out programm drilling into the western margin of the NE Bankan gold deposit continues to intersect good grade gold in fresh rock.
“With the main program meof RC pre-collars now complete, we look forward to seeing further assays from the deeper DD tails.”
The initial oxide infill drill program is ongoing at NE Bankan and is expected to continue over the coming weeks. Following completion of this programme and receipt of the deeper drilling RC and DD results, a systematic infill drill program will be planned in anticipation of the Maiden Resource Estimate planned for mid-2021.
In addition, RC and DD programs at Bankan Creek will target extensions to the gold mineralised system along strike and at depth, and a regional air-core program will test targets beneath anomalous gold-bearing auger intercepts at the NE Bankan, Bankan Creek and Bankan West gold prospects.
Metallurgical test work is now expected to begin in April 2021.
Over the past 10 months, the company has made two significant greenfield discoveries at Bankan, initially at the NE Bankan prospect, where the first phase of power auger, Air Core (AC), Reverse Circulation (RC) and Diamond Drilling (DD) outlined a 1.6km-long anomalous zone of shallow gold mineralisation, now with steadily increasing RC/DD drill coverage at depth.
Bankan Creek is a satellite discovery 3km to the west of NE Bankan that has only been lightly tested but which bears the hallmarks of a strong gold mineralised system.
