Announcement Date: 2023-01-30
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Predictive Discovery Ltd.
Project name: Bankan
Location: Guinea
Commodities: Gold
Highlight: Drilling results incl. 38.2m at 5.28g/t Au from 534.8m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Predictive Discovery Limited (ASX:PDI) (“PDI” or the “Company”) is pleased to provide an update on assay results from 81 holes for 20,985m of resource definition drilling at the Bankan Gold Project in Guinea. HIGHLIGHTS • New drilling results at the NE Bankan (“NEB”) deposit continue to successfully infill mineralisation within the US$1,800/oz optimised resource pit shell. Best results include 38.2m @ 5.28g/t from 535m, 49m @ 3.36g/t from 194m, 37m @ 4.41g/t from 275m, 56m @ 2.70g/t from 138m, 39m @ 3.63g/t from 188m and 62m @ 1.31g/t from 4m. • Results from an additional hole below the optimised resource pit shell returned a high-grade intercept of 13m @ 5.91g/t from 697m, with additional deep holes in progress or assays pending. • Mineral Resource update underway and due shortly. This update will include all results received to date, refinements to the geological model, and review of the Mineral Resource classification. • Infill drilling at NEB will remain a key focus to upgrade the majority of the Mineral Resource within the pit shell to Indicated, to support the Scoping Study mine plan. Resource extension drilling is also continuing at both NEB and Bankan Creek (“BC”). • The Scoping Study, which includes sustainability studies, is ongoing and aimed to be completed in late 2023.
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