Posts

Predictive Discovery Scores Impressive Bankan Gold Hit

/in , /by

THE DRILL SERGEANT: Predictive Discovery (ASX: PDI) reported new results from diamond drilling completed at the company’s Bankan gold project in Guinea.

The results, encountered from depth at NE Bankan include:

BNERD0103
48 metres at 2.1 grams per tonne gold from 562m, and 8m at 1.4g/t gold from 613m; and

BNERD0104
7m at 1.02g/t gold from 516m, and 33m at 4.5g/t gold from 536m, including 8m at 13.4g/t gold from 547m.

Both holes intersected broad zones of gold mineralisation more than 100m below the current US$1,800 per ounce resource pit shell.

Predictive Discovery said the BNERD0103 result reinforced the southern plunge of the gold mineralised zone at NE Bankan, while the BNERD0104 intercept provides further confirmation of the consistency of the core high-grade gold zone.

“This deeper drilling continues to extend the high-grade zone, now more than 100 metres below the open-pit, confirming Bankan as one of the most exciting gold deposits globally,” Predictive Discovery managing director Andrew Pardey said in the company’s ASX announcement.

“The company has twin focuses of growing and infilling the known deposits at NE Bankan and Bankan Creek and also a continuing search for further new gold deposits.

“Technical director Paul Roberts is directing a range of aggressive programs designed to uncover new deposits along Bankan’s 35 kilometres-long gold corridor.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@predictivediscovery.com

 

Web: www.predictivediscovery.com

 

 

Predictive Discovery Extends Bankan Gold Zone

/in , /by

THE DRILL SERGEANT: Predictive Discovery (ASX: PDI) used capital letters to announce new results from exploration drilling at the company’s Bankan gold project, located in Guinea.

Predictive Discovery received assays from two diamond holes completed at the NE Bankan deposit that extended the high-grade gold zone 50m below the US$1800/oz optimised Mineral Resource pit shell.

Best results include:

BNERD0097
24.2 metres at 8.8 grams per tonne gold from 463.8m, including 12.4m at 15.3g/t gold from 465.6m; and

BNERD0098
50m at 2.4g/t gold from 448m, including 15m at 4.9g/t gold from 449m, and 10m at 1.9g/t gold from 544.6m.

The diamond drilling is ongoing at NE Bankan with two multi-purpose drill rigs currently drilling holes at depths between 80m and 130m below the pit shell.

Predictive indicated that the extensional drilling of the high-grade zone has further demonstrated potential to add to the company’s maiden Resource of 3.65 million ounces at 1.56g/t gold.

“These new results have confirmed the company’s belief that, as the shear zone is intercepted below the optimised Resource pit shell, the high-grade mineralised zone continues to depth,” Predictive Discovery managing director Paul Roberts said in the company’s ASX announcement.

“With every new high-grade intersection below the existing open pit shell, the underground potential becomes clearer.

“NE Bankan shares the best qualities of tier-1 deposits, namely outstanding grades and widths combined with excellent mineralisation continuity.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@predictivediscovery.com

Web: www.predictivediscovery.com

 

Predictive Discovery Releases Bankan MRE

/in , /by

THE DRILL SERGEANT: Predictive Discovery (ASX: PDI) released a JORC 2012-compliant Mineral Resource Estimate (MRE) for the company’s Bankan gold project, located in Guinea’s Siguiri Basin.

The total Inferred Mineral Resource has been estimated at 72.8 million tonnes at 1.56 grams per tonne gold for 3.65 million ounces of gold.

Predictive Discovery has reported the maiden MRE just 17 months since the Bankan project discovery drillholes were reported to the market, which the company said highlights the rapid growth of the Bankan project.

“We are delighted by the scale of this initial Mineral Resource Estimate which reflects excellent continuity of mineralisation and has been generated from 32,700 drilling metres,” Predictive Discovery managing director Paul Roberts said in the company’s ASX announcement.

“After only 17 months from announcement of the initial NE Bankan drill results, this is just the beginning of the Bankan gold discovery story.

“Our gold discovery success in such a small time period invites comparisons with the best gold deposit discovered in West Africa in the last decade – Fekola in Mali.

“Also announced 17 months after first discovery, the Fekola MRE contained 3.9 million ounces averaging 1.7g/t gold at a 0.5g/t gold cut-off grade and 3.1 million ounces averaging 2.4g/t gold at a 1g/t gold cut-off grade.

Today, Fekola’s 2021 production is projected to be 530,000 to 560,000 ounces at an AISC of US$745-785 per ounce, with current quoted resources (excluding mine depletion since 2017) at Fekola itself and nearby deposits totalling 7.6 million ounces.

“We are very well-funded to accelerate a drilling program to grow resources in both NE Bankan and Bankan Creek, increase drill density to increase confidence, and to quickly advance earlier stage regional prospects through to discovery and resource definition.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.predictivediscovery.com

 

Predictive Discovery Records High-Impact AC Drill Results

/in , /by

THE BOURSE WHISPERER: Predictive Discovery (ASX: PDI) reported high impact air-core (AC) drill results from within 1.5 kilometres of the company’s NE Bankan deposit in Guinea.

Predictive Discovery conducted the AC drilling to follow up a series of regional gold auger anomalies to the south and west of NE Bankan.

The drilling returned initial results including:

BKAC0016
16 metres at 2.3 grams per tonne gold from surface, including 2m at 7.5g/t gold from 2m, and 28m at 12.1g/t gold from 22m, including 6m at 48g/t gold from 26m, and 2m at +100g/t gold;

BKAC0015
8m at 3.3g/t gold from 6m, including 2m at 10g/t gold;

BKAC0014
4m at 4g/t gold from 16m, including 2m at 7.2g/t gold; and

BKAC0011
12m at 1.8g/t gold from 32m.

Predictive has just commenced this AC drilling program with 16 holes now reported.

The company is systematically testing multiple promising targets identified previously by regional auger drilling and structural analysis of aeromagnetic data.

“These shallow, high-grade results are a great start to our regional AC program and confirm the potential for discovering new zones of gold mineralisation very close to NE Bankan,” Predictive Discovery managing director Paul Roberts said in the company’s ASX announcement.

“Importantly, some of the new AC drill results also suggest that transported material may have been too deep in places for the auger to drill through it, opening up the possibility that some of the new mineralised zones reported here may extend significantly along strike in follow-up AC drilling.

“Our approach to exploration on the Bankan project has been methodical, starting with power auger grid drilling and/or surface geochemical sampling and following up plus 0.25 grams per tonne gold anomalies with AC drilling.

“This approach successfully led to the NE Bankan and Bankan Creek discoveries.

“With both deposits now the focus of resource studies and systematic extensional drilling, we have returned to AC scout drilling across the permit area with immediate success.

“These results are further evidence that we are just at the beginning of the Bankan discovery story with a lot more gold to find across the full project area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.predictivediscovery.com

 

Paul Roberts Predictive Discovery (ASX: PDI) September 2021

/in /by

Predictive Discovery (ASX: PDI) managing director Paul Roberts zoomed into The Resources Roadhouse to explain to Wally Graham how recent metallurgical testwork results have combined with Resource drilling results to enhance the economic potential of the company’s Bankan gold project in Mali.

Predictive Discovery Buoyed by Kaninko Sampling Results

/in , /by

THE DRILL SERGEANT: Predictive Discovery (ASX: PDI) has been encouraged by sampling results received from the company’s 100 per cent-owned Kaninko project in the Siguiri Basin of Guinea.

Predictive Discovery’s landholdings cover 500 square kilometres in Guinea, most of which is dotted with widespread artisanal gold workings.

The company has received results of 12 vertical channel samples collected at its new Kaninko project from large and active artisanal mine sites.

Seven samples taken from workings in strongly weathered bedrock (saprolite) returned an average value of 1.5 grams per tonne gold with a peak value recorded of 4.6g/t gold.

The company explained that this zone of saprolite exposure extends for 300 metres in a north-easterly direction but extensive surrounding surficial (laterite) workings suggest that potential area of bedrock mineralisation may be much larger.

Predictive has commenced a of systematic channel sampling of saprolite exposures in the deeper pits along with grid-based sampling of surficial (laterite) spoil in the surrounding area.

“These early results from Kaninko add a promising new prospect into our Guinea portfolio following the earlier results from Kankan and Nonta which identified extensive soil geochemical anomalies,” Predictive Discovery managing director Paul Roberts said in the company’s announcement to the Australian Securities Exchange.

“The better results were obtained from vertical channel sampling of weathered bedrock within a 300-metre length of artisanal workings from which artisanal miners report that they are currently extracting significant quantities of gold.

“We are hopeful that follow-up exploration of this site will enable us to expand the prospective area substantially and provide a strong target for drilling during the March Quarter.

“We are continuing with our evaluation of new opportunities in the Siguiri Basin and expect to announce further ground acquisitions in Guinea in the coming months.”

Predictive is currently undertaking follow-up vertical channel sampling over the artisanal site as well as sampling dumps derived from surrounding surficial workings.

The company has also been mapping new artisanal mine sites on the property with systematic sampling to be conducted across them in the coming weeks.

Predictive indicated that larger scale geochemical surveys on the Kankan, Nonta, Kaninko and possibly Boroto properties will be undertaken in the next few months that may be accompanied by ground geophysical surveys where appropriate.

All this work is aimed at readying Predictive’s best Guinea prospects for drilling in the March Quarter of 2020.

 

Web: www.predictivediscovery.com

 

Predictive Discovery Drills Impressive Boundiali Results

/in , /by

THE DRILL SERGEANT: Predictive Discovery (ASX: PDI) RELEASED results from a recently completed step-out RC drilling program at the company’s Boundiali project, located in Cote D’Ivoire.

Predictive Discovery explained these new results come from part of the Resolute Mining (ASX: RSG) Joint Venture exploration program in Cote D’Ivoire that is currently focused on the Boundiali and Ferkessedougou North projects, each of which contain recent gold discoveries and are considered to have excellent potential to find further gold mineralisation.

The JV completed a 16-hole step-out program in June 2019 to follow-up a 31-hole infill RC drilling program that was carried out in March-April.

This new program extended infill drill coverage to approximately 920m of mineralised strike on the Nyangboue gold prospect with the RC holes designed to explore for mineralisation both up-dip and down-dip of earlier intercepts and along strike of the earlier infill drill lines.

Better intercepts (0.25g/t gold cut-off grade) included:

BRC208
3 metres at 14.97g/t gold from 9m;

BRC206
13m at 1.92g/t gold from 68m;

BRC209
16m at 1.64g/t gold from 7m;

BRC209
10m at 2.32g/t gold from 146m;

BRC202
4m at 3.56g/t gold from 109m;

BRC201
5m at 2.31g/t gold from 29m;

BRC202
6m at 2.48g/t gold from 71m;

BRC206
6m at 2.68g/t gold from 116m; and

BRC213
7m at 1.92g/t gold from 112m.

“These new results from Nyangboue add to the picture obtained in the April-May infill drilling program of a series of north-striking, sub-parallel, gold-mineralised zones dipping shallowly to the west,” Predictive Discovery managing director Paul Roberts said in the company’s announcement to the Australian Securities Exchange.

“Given that the mineralisation is open to the north, south and down dip, there is clearly more drilling to be done at Nyangboue to determine the full size of the gold mineralised system.

“When combined with the new gold mineralisation discovered in the Boundiali North permit, the potential scale of the mineralised systems at Boundiali continue to grow.

“Release of these results is a great start to the joint venture relationship with new partner Resolute Mining.

“We look forward to working with Resolute to uncover more gold in the Boundiali project and across our Joint Venture projects in Cote D’Ivoire.”

 

Web: www.predictivediscovery.com

Predictive Discovery Encouraged by Soil Sampling Results

/in , /by

THE DRILL SERGEANT: Predictive Discovery (ASX: PDI) announced encouraging results from initial soil sampling at the company’s 100 per cent-owned Nonta roject in Guinea.

Predictive Discovery identified the Nonta project area after carrying out a terrain-scale assessment of the Siguiri Basin in late 2018 using the company’s trademarked Predictore gold targeting system.

Predictive collected a total of 446 soil samples with peak values of 1250ppb and 325ppb gold in two separate zones.

The first, a plus five-kilometre-long anomalous zone (mostly 20-50ppb gold) oriented north-south with a peak value of 1250ppb gold (1.25 g/t gold).

The second, a north-north-west oriented 400m-long zone, open to the north, with numerous elevated values (>50ppb gold) and a peak value of 325 ppb gold.

Predictive said these were coincident with the Nonta prospect, from which earlier rock chip sampling obtained up to 29g/t gold.

Most of the samples were collected on a broad spaced (800m x 100m) grid covering plus 20ppb gold stream catchments identified from a previously completed Bulk Leach Extractable Gold (BLEG) geochemical survey.

A closer spaced grid (100m x 25m) was subsequently completed over the Nonta prospect.

The survey indicated some complexity in the regolith (i.e. surface materials: soil, laterite etc).

Predictive explained it is currently investigating gold distribution in the weathered profile by mapping and profile sampling and plans to start infill soil or power auger sampling in September-October once this work is complete.

“These new results confirm the Nonta project’s gold prospectivity,” Predictive Discovery managing director Paul Roberts said in the company’s announcement to the Australian Securities Exchange.

“Values of up to 29 grams per tonne gold in rock chip samples and up to 1.25 grams per tonne gold in soils indicate potential for economically valuable gold mineralisation.

“Over the next few months, we will focus on understanding the complex regolith at Nonta and infill sampling to vector in on targets for a possible RC drill campaign in late 2019 or early 2020.

“We are excited by the exploration potential of the Siguiri Basin and specifically of our Nonta, Kankan and Kaninko projects.

“We have been welcomed warmly by the Guinea’s Mining Ministry, which has helped us greatly in acquiring this high potential ground so quickly.”

 

Website: www.predictivediscovery.com