Predictive Discovery Ltd (ASX:PDI, OTC:PDIYF) says the diamond drill bit continues to deliver at its flagship NE Bankan and Bankan Creek gold deposits, part of the tier-one Bankan Gold Project in Guinea, West Africa.
The gold explorer kicked off the week with assays from 15 resource definition drill holes, with fresh results expected to underpin a mineral resource update next quarter.
Predictive is especially pleased with the strong gold findings at NE Bankan, which returned gold beyond the current mineral resource parameters.
Meanwhile, the company is deepening its understanding of Bankan Creek’s geology, using a revised geological model to chart infill and extensional drilling programs.
Predictive will keep the market updated as more results come to hand and it prepares to update the 4.2-million-ounce Bankan gold resource.
On the development front, the ASX-lister hopes to complete a scoping study and ESG workstreams by late 2023 — crucial steps towards securing a mining permit for West Africa’s largest gold discovery in a decade.
Resource update in the crosshairs
Predictive managing director Andrew Pardey said work at NE Bankan and Bankan Creek continued to build out Bankan’s resource potential.
“The positive results reported today, along with further pending assays, will contribute to an updated mineral resource estimate for NE Bankan and Bankan Creek in Q3 2023,” he stated.
“Encouragingly, the NEB results include good intercepts outside the current mineral resource, both below the resource pit shell and in the footwall adjacent to the pit shell.
“While the focus of the next resource update remains on further upgrading the mineral resource, these results show potential to incrementally add ounces.
“We are armed with an enhanced understanding of the Bankan Creek deposit following the recent re-logging campaign, with structural controls now interpreted as having a greater influence on mineralisation.
“This is allowing us to better target our current drilling which is focused on infilling and extending the Bankan Creek deposit.”
The results are in
Predictive’s latest results cover more than 5,600 metres of ground, split across 15 holes and Bankan’s primary gold deposits.
Drill assay breakdown.
Some of the best hits from NE Bankan include:
- 32.3 metres at 3.28 g/t gold from 671.7 metres;
- 3.45 metres at 6.86 g/t from 749.55 metres;
- 26 metres at 2.27 g/t from 776 metres;
- 20 metres at 4.36 g/t from 592 metres;
- 18 metres at 1.44 g/t from 615 metres; and
- 40.7 metres at 1.59 g/t from 195.3 metres.
- 37.5 metres at 14.5 g/t gold from 68.5 metres;
- 12.5 metres at 1.84 g/t from 112 metres;
- 26 metres at 2.26 g/t from 112 metres;
- 2 metres at 31.35 g/t from 299 metres;
- 13 metres at 1.63 g/t from 162 metres.
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