Ready To Test Guinea Project With New Diamond Rig
Predictive Discovery Limited(ASX: PDI) has received positive returns in the first assay results from RC drilling completed on the southern section of the NE Bankan gold mineralised system within the company’s flagship Kaninko Project in Guinea.
- Assays received from 785m of RC drilling (eight holes) has successfully expanded the known drilled gold mineralisation at NE Bankan to the south, yielding some of the strongest results to date at NE Bankan, including high-grade gold intercepts in multiple holes.
- RC drilling was completed on three lines, between 80-240m south of Air-Core (AC) discovery hole KKOAC001, which returned 46m at 6.58g/t gold1.
- Hole KKORC016 recorded 26m at 17.5g/t goldfrom 58m to end of hole and was stopped in gold mineralisation at 84m down hole.
- Two RC holes are pending to complete the southern line over the gold mineralised footprint as defined by earlier power auger drilling, with a further 21 RC holes and 1,168 power auger drill samples currently in the laboratory awaiting assay.
Managing Director, Paul Roberts, said a Diamond Drill (DD) rig will be mobilised to test the full width of the gold mineralised zone in the opposite direction (from west to east). Hole KKORC016 may also be extended further with diamond drilling.
“These are exemplary results which demonstrate significant, broad and high gold grades over at least 160m of strike south of the southernmost drilled line reported to date.
We are very pleased with the very high-grade gold intercept in hole KKORC016, which ended in mineralisation at 84 meters downhole.
“A diamond drill rig will soon test beneath this mineralisation in the opposite direction – from west to east – which will allow us to test the western extent of the mineralisation and obtain a better idea of the width of the gold mineralisation on the new southern cross sections reported here.
We look forward to reporting the remaining RC assay results and commencing the deeper drilling on the southern portion of the NE Bankan mineralisation in what is shaping up to be a very exciting period for the Company in advance of moving towards a systematic drill-out of the NE Bankan gold discovery.”
Predictive holds approximately 700 sq. km of prospective landholdings in eight granted exploration permits in Guinea, all containing artisanal gold workings. All projects are within the Siguiri Basin which hosts Anglo Gold’s large Siguiri Mine (+10Moz).