Predictive Discovery Ltd (ASX:PDI, OTC:PDIYF) has struck gold at the Argo Central Trend, confirming the presence of mineralisation in a regional exploration campaign designed to discover additional deposits outside of the Bankan Gold Project’s 5.38-million-ounce resource.
The company drilled several prospects along the Argo trend, confirming gold at Fouwagbe, Sinkoumba and Sanifolon South with potential to add to the existing gold inventory.
Best new intercepts include 5.5 metres at 4.04 g/t gold from 169 metres of depth at Fouwagbe, 8 metres at 3.65 g/t from 16 metres at Sinkoumba and 12 metres at 6.29 g/t from 14 metres and 2 metres at 41.71 g/t from 34 metres at Sanifolon South.
Results-driven drill targeting
“We are delighted with the latest exploration results from Argo, which pleasingly includes both follow-up drill holes at promising targets and first-pass results from new areas,” Predictive Discovery managing director Andrew Pardey said.
“The Fouwagbe-Sinkoumba targets continue to show significant potential, with the first diamond drilled holes at Fouwagbe returning multiple high-grade intercepts, confirming mineralisation in previous reverse circulation holes extend at depth.
“The next phase of drilling here will focus on testing continuity along strike between the drilling lines completed to date.
“The excellent initial results along strike to the northeast at Sanifolon South, which include some of the best intercepts so far from Argo, such as 12 metres at 6.29 g/t, further add to the potential of this Argo Central Trend.
“Our drilling programs will continue to systematically test the Argo and near-resource targets on a results-driven basis, with the aim of discovering additional resource ounces.
“We are also excited to start expanding early-stage regional exploration into the Bokoro and Saman permits to start testing geophysical targets.”
Assays of note from Argo Central
Two diamond drill holes were completed at Fouwagbe with best intercepts including:
- 5.5 metres at 4.04 g/t gold from 169 metres;
- 3 metres at 6.83 g/t from 89.5 metres; and
- 3 metres at 5.59 g/t from 150 metres.
At Sinkoumba southwest along strike from Fouwagbe, drilling returned:
- 8 metres at 3.65 g/t gold from 16 metres;
- 6 metres at 1.73 g/t from 12 metres;
- 8 metres at 1.14 g/t from 6 metres; and
- 4 metres at 2.00 g/t from 38 metres.
Finally, first pass aircore drilling at Sanifolon South, also on the Argo Central Trend, delivered high-grade results:
- 12 metres at 6.29 g/t gold from 14 metres;
- 2 metres at 41.71 g/t from 34 metres;
- 7 metres at 3.28 g/t from 66 metres;
- 10 metres at 1.09 g/t from 8 metres; and
- 2 metres at 4.89 g/t from 24 metres.
Predictive intends to continue advancing the most promising targets on the Argo Central Trend while progressively testing new targets with aircore drilling.
The company’s regional exploration will soon expand into the Bokoro and Saman permits, which lie between Argo and the North East Bankan (NEB) and Bankan Central (BC) discoveries.
Investors have welcomed the strong results with shares trading 6.52% higher intra-day at A$0.245, approaching the A$0.25 12-month high.