Announcement Date: 2022-08-01
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Predictive Discovery Ltd.
Project name: Bankan
Location: Guinea
Commodities: Gold
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Predictive Discovery Limited (“Predictive” or “Company”) is pleased to announce an updated JORC 2012- compliant Mineral Resource Statement for the Company’s flagship Bankan Project (“Bankan” or “the Project”) Predictive Discovery Limited (“Predictive” or “Company”) is pleased to announce an updated JORC 2012- compliant Mineral Resource Statement for the Company’s flagship Bankan Project (“Bankan” or “the Project”), located in Guinea (Fig. 1). The Mineral Resource Estimate for the Bankan Project is shown in Table 2, reported at a 0.5 g/t Au cut-off grade and constrained by the open pit optimisation, along with the remaining Lower HG outside the optimised pit at Northeast Bankan, considered as an underground resource. Since the Maiden Inferred Resource was reported on 30 September 2021, drilling at Bankan has been focused on growing the NE Bankan Deposit and the high-grade zone beneath the 2021 Maiden Resource Estimate US$1,800/oz pit shell. Resource drilling is currently underway as part of the continued growth strategy, in parallel with aircore and power auger programmes being completed across the Bankan project, testing structural target areas interpreted from the aeromagnetic survey across the project area. Project location and History The Bankan gold camp is situated in north-east Guinea, West Africa (Figure 1). The project is 550km by road from Guinea’s capital Conakry within the region of Upper Guinea (Haute-Guinée) and is near the regional administrative centre of Kouroussa (Figure 1), a city of approximately 50,000 inhabitants.
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