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PREDICTIVE DISCOVERY LIMITED - Corporate Spotlight

With exposure to a world class region, Predictive Discovery (ASX:PDI) is currently... With exposure to a world class region, Predictive Discovery (ASX:PDI) is currently focussed on progressing its flagship Bankan Project in GuineaMore

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Corporate Spotlight

With exposure to a world class region, Predictive Discovery (ASX:PDI) is currently focussed on progressing its flagship Bankan Project in Guinea
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Bankan Gold Mineralization extended 360 degrees

VIDEOS

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PDI Raises $10.6 million for exploration in Guinea






Bankan Gold Drilling extends mineralization 360 degrees 





 Bankan Gold property update with Paul Roberts, MD Predictive Discovery - September 2020





PDI Strengthens land position in Guinea - The Market Herald Live - September





Investor Updates with Paul Roberts, MD Predictive Discovery - July 2020





Interview with Paul Roberts, MD Predictive Discovery - May Updates




 Interview with Paul Roberts, Predictive Discovery - April Updates




The Market Herald Bulletin: PDI Begins Combined Drilling Program at Guinea Projects - 25th March 2020




The Market Herald Bulletin - PDI receives new results from Kaninko, Guinea - 20th March 2020





Interview with Paul Roberts, MD Predictive Discovery - 23/01/2020





PLACEMENT COMPLETION & FUNDING UPDATE

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PLACEMENT COMPLETION AND FUNDING UPDATE

ASX Release 17th April 2020


Predictive Discovery Limited is pleased to announce that it has completed the placement of shares to raise $612,490 (“Placement”) (before costs) announced on 9 April 2020, and in addition, has received $180,000 in cash proceeds from the early exercise of listed options.


The Company now has cash on hand of approximately $1.8 million following completion of the Placement and options exercise, and is well funded to execute the next phase of fiel

d work on its exciting recent gold discovery at its 100% owned Kaninko Gold Project in Guinea, as well as the broader Guinea portfolio, including the recently announced Koundian Project (refer ASX announcement on 7 April 2020).


Predictive’s Managing Director, Paul Roberts commented:

“This is an exciting time for Predictive. We have reported outstanding early success at the North-East Bankan Prospect in our Kaninko Project and we are awaiting 2 batches of drill results from the nearby but separate Bankan Creek prospect, also on Kaninko, which are expected during the next two weeks.


We will soon start drilling on the large gold-in-soil anomaly identified on our Kankan Project to the east of Kaninko (Figure 1), and eagerly await our first field work commencing at the Koundian Project situated adjacent to the 2 million ounce Tri K gold deposits.

We have established a strong presence on a number of 100% owned permits in Guinea over the past several months. Given the great potential of in the Siguiri Basin of Guinea, which is host to several multi-million ounce gold deposits, we are very pleased to see our strategy yielding great early success”.


The Appendix 2A and cleansing notice pursuant to section 708A(5)(e) is attached to this release.


Read The Full Announcement Here


page2image2076374240Figure 1 – Guinea tenement locations on geological map background, highlighting Koundian property package


DRILLING EXTENDS GOLD AT OUARIGUE

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DIAMOND DRILLING EXTENDS GOLD MINERALISATION AT OUARIGUE CDI, COTE D'IVOIRE

ASX Release 16th April 2020


14.00m at 10.74g/t Au and 51.00m at 1.27g/t Au


SUMMARY

►  Nine-hole diamond drilling (DD) program, totalling 1,659.19m completed at the Ouarigue South Prospect within the Ferkessedougou North Gold Project, located in northern Cote D’Ivoire.

►  Managed by joint venture partner Resolute Mining (ASX: RSG), results have confirmed a continuous, easterly-dipping, gold-mineralised zone, extending from surface to a vertical depth of 175m, which remains open at depth.

►  Excellent potential remains to find further mineralised bodies like Ouarigue South within the 17km- long zone of gold-in-soil anomalies (the “Leraba Trend”), which remains largely untested by drilling.


FERKESSEDOUGOU NORTH DRILLING HIGHLIGHTS


Commenting on the results, Managing Director Paul Roberts:

“The results from Ouarigue South provide further strong encouragement of the strength of this mineralised gold system and highlights the potential of making more discoveries along the “Leraba” gold-in-soil geochemical trend. These results further strengthen our confidence that Ouarigue South has the potential to host a valuable gold resource, the limits of which are still to be defined.”


Predictive Discovery Limited is pleased to announce diamond drilling results from a diamond drilling (DD) program at its Ferkessedougou North Project, located in Northern Cote D’Ivoire (Figure 1). These results form part of the 2020 Resolute Mining (ASX:RSG) Joint Venture Cote D’Ivoire exploration program which is focused on the Ferkessedougou North and Boundiali Projects.


page2image2099374432FIGURE 1 

Predictive Discovery Portfolio of Gold Projects including Joint Venture Projects held with Resolute Mining (ASX:RSG)


Read The Full Announcement Here

NEW GOLD DISCOVERY AND DRILL RESULTS

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OUTSTANDING DRILL RESULTS FROM NEW GOLD DISCOVERY IN GUINEA

ASX Release 15th April 2020


46m at 6.58 g/t gold including 10m at 26.52 g/t gold


HIGHLIGHTS

  • Assay results received from a 24-hole air-core / reverse circulation drilling program on the North-East Bankan Prospect have confirmed a significant gold discovery on Predictive’s 100%-owned Kaninko Gold Project, located in Guinea.
  • Drilling has demonstrated the presence of averybroad, north-trending zone containing some high- grade gold intercepts, which is at least 450m long, and open in all directions and at depth.
  • Significant intersections include: 
    • ►  46m(toEOH)at6.58g/t gold from 4m including
    • ►  10mat26.52g/t gold from 34m
      ► 42m (to EOH) at 2.92 g/t gold from 8m
      ► 50m (to EOH) at 1.53 g/t gold from surface including:
      ► 20m at 2.51 g/t gold from 30m
      ► 42m at 1.56g/t gold from surface including:
      ► 30m at 2.07 g/t gold from 12m
      ► 20m at 1.35g/t gold from surface
      ► 50m (to EOH) at 1.27 g/t gold from surface ► 34m at 1.06 g/t gold from surface
      ►  48m at 1.15 g/t gold from surface
  • All holes were drilled to a maximum downhole depth of 50m. Reportable gold intercepts (Table 1) were obtained in 23 of 24 holes, with many results from surface.
  • A further 23 holes are pending from the Bankan Creek Prospect.
  • Upon receipt of final assays, the Company will complete a review of all results and announce the next

    steps for its Guinea exploration programs, including plans for the recently announced Koundian

    1 Property Package.


Managing Director Paul Roberts Commenting on the Kaninko results: 

“We are very pleased by these results, which are an excellent first step in defining what appears to be a significant new gold discovery in West Africa. With this initial shallow program, we have confirmed the presence of the broad mineralised widths suggested by the earlier power auger drilling3 along with some impressively high gold grades. Many of the holes either started or stopped in gold mineralisation, which is therefore open both at depth and to the east and west on most drill lines. The mineralisation is also open to the north and south so there is plenty of scope to grow this further with more drilling.


"We are also waiting for assays from our recently completed Bankan Creek drilling only 3km south-west of this

discovery, which is a separate broad, gold mineralised system that has already demonstrated promising

3 trenching and power auger drill results."


"This new discovery highlights the opportunity presented by our greenfields exploration strategy on 100% owned ground in the prolific Siguiri Basin of Guinea, as well as the speed with which we can advance these projects.

Kaninko was granted to us just over nine months ago. Since then, through the strenuous efforts of our Guinea team, we have transformed a greenfields property with no known prior exploration to an exciting new gold discovery. With further drill results still pending and the recently announced acquisition of the Koundian Property Package, the Company now has multiple opportunities for discovering a 100%-owned +1Moz deposit in Guinea.”


Predictive Discovery Limited (“Predictive” or “Company”) is pleased to announce the receipt of initial assay results from combined AC/RC drilling at the Company’s 100%-owned Kaninko Project, located in Guinea, demonstrating a new shallow gold discovery, with significant growth potential.


In Guinea, Predictive holds approximately 800km2 of prospective landholdings across nine exploration permits/authorisations, all containing artisanal gold workings (Figure 1). All permits are within the Siguiri Basin which hosts Anglogold’s large Siguiri Mine (+10Moz). The Guinea projects were identified by Predictive during its terrain-scale assessment of the Siguiri Basin in late 2018 using the Company’s PredictoreTM gold targeting system.


Kaninko was granted to Predictive in July 2019. Through rapid, targeted low-cost exploration, the Company has progressed it from a greenfields tenement with no known history of past exploration, to a property on which significant gold mineralisation has now been identified.


Read The Full Announcement Here


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DRILLING AND FIELD WORK

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DRILLING AND FIELD WORK RECOMMENCE IN WEST AFRICA

ASX Announcement 16 January 2020


Predictive Discovery Limited (Predictive or Company) is pleased to announce that drilling and field work programs have recommenced across Cote D’Ivoire and Guinea.


COTE D’IVOIRE (RESOLUTE JV) 

Ferkessedougou North Project IN 

  • Follow-up Diamond Drilling (DD) to start next week at the exciting Ouarigue South discovery where first pass drilling returned outstanding results1 including: 
    • 45.3m at 3.16g/t gold from 45.9m including 9m at 10.31g/t gold, 
    • 39.7m at 3.54g/t gold from 51.4m including 4.5m at 11.00g/t gold


GUINEA (100%-OWNED) 

Kaninko Project 

  • Trenching with an excavator has commenced at the Bankan Creek workings where earlier rock chip sampling obtained up to 52g/t gold2 . 
  • 200-hole power auger drill program commencing shortly, covering over 2km of strike length, testing the promising Bankan Creek and North-East Bankan prospects 3 in preparation for air core or RC drilling in the March Quarter.


Kankan Project 

  • Ground magnetics survey has recommenced. 
  • Induced polarisation geophysical survey over principal geochemical targets due to start shortly, designed to identify underlying geological structures to narrow down targeting for air core or RC drilling later in the March Quarter. 


Nonta Project 

Power auger drill samples have been submitted to the SGS Laboratory in Bamako, Mali with results pending. 


Pending Applications (New Ground) 

New landholdings are expected in the March Quarter and will be announced once grant documents are received, with new tenement applications submitted and discussions with a local party regarding several properties within the Siguiri Basin at an advanced stage.


“The Toro Gold/Resolute Mining transaction has provided Predictive with an experienced and well-funded joint venture partner to manage our exciting Ferkessedougou North and Boundiali Projects in Cote D’Ivoire. We are very pleased to announce that the much-anticipated follow-up diamond drilling program on the Ouarigue South gold discovery in the Ferkessedougou North permit is now imminent. 


In Guinea, exploration is accelerating across three high priority projects with drilling, trenching, magnetics and IP programs all designed to delineate targets for air core or RC drilling programs in the coming months. The team is hard at work in the field, ensuring we position the Company for exploration success in what is the best region globally for greenfields gold discovery. The next few months will see a steady stream of news flow and results as we strive to make the next Predictive gold discovery“ – Commented Managing Director Paul Roberts 


Figure 1 – Managing Director Paul Roberts directing a power auger drilling program at the Nonta Project, located in Guinea. 


Click here to view the full announcement 

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