Predictive Discovery drilling at Bankan Gold Project intersects wide gold intercepts at depth

Predictive Discovery Ltd (ASX:PDI) has released its initial drilling results for the new field season from its Bankan Gold Project in Guinea. The first five RC (reverse circulation) pre-collar drill holes from NE Bankan have returned thick gold intersections, confirming broad widths of gold mineralisation including: 88 metres at 1.8 g/t gold from 112 metres, including 35 metres at 2.6 g/t from 165 metres, and 50 metres at 1.3 g/t from 112 metres; 23 metres at 0.8 g/t from 174 metres; and 33 metres at 1.6 g/t from 167 metres. At Bankan Creek, the first DD (diamond drilling) hole in the program indicated that the overall gold mineralised ‘envelope’ is widening at depth, with notable intersections including: 10.4 metres at 2.1 g/t from 199 metres; and 26 metres at 3.1 g/t from 240 metres, including 6.8 metres at 8.1 g/t from 242 metres. “Adding to the scale and tonnage potential” PDI managing director Paul Roberts said: “This is an excellent start to the new RC-DD drill program, which commenced in late December 2020. “These first holes, drilled on 80 metre step-outs, have intersected abundant gold and successfully extended the known mineralisation to depth. “Each gold intercept in these new, deeper holes is therefore adding very significantly to the project’s scale and tonnage potential.” “Confirmed large mineralised systems” Several of the NE Bankan RC pre-collars intersected substantially greater widths at depth than in the earlier shallower DD holes above. Roberts said: “For example, BNERD001 intersected a highly impressive intercept of 88 metres at 1.8 g/t gold (stopping in mineralisation) in contrast with the DD hole above, KKODD013, which obtained 44 metres at 1.3 g/t gold. “BCKDD001 has also provided evidence that the Bankan Creek gold mineralised zone is widening at depth. “All this new information has provided further confirmation that we are exploring very large gold mineralised systems on the Bankan Project.” Bankan Project with NE Bankan and Bankan Creek prospects with new RC/DD drilling results overlain on previous results and gold auger footprints. Next Steps The company is highly encouraged by the results and is confident that (if confirmed by later drilling) they could point to significantly larger tonnage potential - which bodes well for the maiden resource estimate targeted for mid-2021. Roberts said: “Our immediate objective is to define the scale of the gold mineralisation on 80 x 80 metre step-out RCDD drill program at both NE Bankan and Bankan Creek. “Once the RC rig has completed the pre-collar component of this program, it will be redeployed to test the very broad, near surface oxide mineralised zone on an 80 metre x 40 metre pattern, which will give us a better appreciation of the extent and continuity of the oxide gold zone. “The RC rig will also test new auger targets (e.g. 16 metres at 3.9 g/t gold south-west of NE Bankan) and drill shallow step-out holes along strike of the two known prospects. “The programs at both NE Bankan and Bankan Creek are still in their early stages with plenty of drilling and results to be announced as the company aggressively targets its Maiden Mineral Resource in mid-2021.”