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Predictive Discovery Buoyed by Kaninko Sampling Results

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

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

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