| Announcement Date: | 2022-02-02 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Predictive Discovery Ltd. |
| Project name: | Bankan |
| Location: | Guinea |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 12m @ 10.5g/t Au from 5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Predictive Discovery Limited (“Predictive” or “Company”) is pleased to announce highly encouraging new drill results from regional aircore (AC) drilling testing multiple prospects at its Bankan Gold Project (Figure 1), located in Guinea. Situated in north-east Guinea, the Bankan Project covers 365km2 across four Exploration Permits (Figure 1). Initial discovery of the now 3.3Moz NE Bankan gold discovery1 was announced in April 20202 . Following the NE Bankan discovery, Predictive quickly completed a series of early-stage exploration programs, including broad spaced auger drilling and a helicopter-borne magnetic and radiometric survey. The aeromagnetics identified a major 35km-long north-northwest structural corridor with the potential to host multiple “NE Bankan-style” discoveries. Structural targets identified using the aeromagnetics have been progressively followed up with power auger and aircore drilling. The strategy to date has been to undertake wide-spaced auger drilling covering the structural targets, typically 320m x 80m, followed by closer spaced infill where encouraging gold results have been obtained (generally plus 0.25g/t composite values in saprolite to depths of around 20m. |
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