Australia

Predictive Discovery shares rally as it continues high-grade gold drilling spree in West Africa

Predictive Discovery Ltd (ASX:PDI) is continuing its high-grade gold drilling spree in West Africa, hitting 14 metres at 10.74 g/t gold at the Ferkessedougou North Gold Project in Cote DIvoire.

Yesterday, the companys shares skyrocketed after revealing broad, high-grade results of up to 46 metres at 6.58 g/t gold from 4 metres at Kaninko Project in Guinea.

Predictive shares were last trading at 6.6 cents, a 1000% increase over the last week.

Ferkessedougou North diamond drilling

The latest results are from a nine-hole diamond drilling (DD) program totalling 1,659 metres at the Ouarigue South Prospect within the Ferkessedougou North Gold Project.

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

Better intersections included:

  • FNDC011: 51.00 metres at 1.27g/t gold from 169.00 metres;
  • FNDC012: 14.00 metres at 10.74g/t gold from 33.00 metres;
  • FNDC015: 33.00 metres at 1.62g/t gold from 28.00 metres; and
  • FNDC016: 17.15 metres at 1.39g/t gold from 110.85 metres.

Predictives portfolio of gold projects including joint venture projects held with Resolute Mining

Predictive managing director Paul Roberts said: “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.”

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