Predictive Discovery’s first drilling at Koundian Project in Guinea delivers up to 6 metres at 32 g/t gold

Predictive Discovery Ltd's (ASX:PDI) first program of power auger drilling and rock chip sampling at Koundian Project, 115 kilometres from the Bankan Project in Guinea, has delivered gold results described by the company as "outstanding". The 753-hole power auger program for 8,012 metres returned shallow high-grade gold along a corridor of interpreted NE orientated structures, including: 6 metres at 32 g/t gold from 4 metres to end of hole (EOH), including 4 metres at 45 g/t; 6 metres at 9.8 g/t from 4 metres to EOH; and 6 metres at 1.3 g/t from 4 metres (to EOH). The rock chip sampling program returned multiple +10 g/t values and a peak result of 33.6 g/t. Both the power auger drilling and rock chip results confirm the presence of widespread high-grade gold values on the project area. “An excellent start” The results are from a series of three reconnaissance exploration programs, which also included a regional aeromagnetic survey program, where the company flew a 1,282 line-kilometre geophysical survey at Koundian covering around 128 square kilometres. Geological mapping and sampling were also carried out, with 530 rock samples collected across the permits. Managing director Paul Roberts said: “By any measure, this is an excellent start to exploration results from Koundian. “The huge extent of mapped artisanal workings on the new ground shows that gold mineralisation covers a large area in a geological setting analogous to the nearby known gold deposits, with the company well-funded to continue regional auger programs on its Siguiri Basin projects.” Shares higher Shares have been as much as 15.4% higher intra-day to 10.5 cents. Power auger drilling is a rapid and cost-effective exploration method for the collection of weathered bedrock samples below tracts of lateritic and transported cover. This method was applied very successfully on the Bankan Project and is now being used at Koundian because of the presence of similar, extensive lateritic cover over that area. Once all results are received and subject to access during the upcoming rainy season, the company will undertake closer spaced, low-cost auger drilling programs to more closely define the anomalous areas in preparation for deeper drilling later in the year. Koundian Project power auger and rock chip sample locations and mapped artisanal workings overlain on a greyscale aeromagnetic image. Aeromagnetic survey A helicopter-borne magnetic and radiometric survey was conducted by New Resolution Geophysics (NRG™) in February covering two of the four Koundian permits on a 100 metre-line spacing. The geophysical data was processed and an initial geological interpretation and target generation program has been carried out. Images of processed aeromagnetic data show structural features that may have controlled the localisation of the known gold mineralisation – including a series of NE oriented features, the strongest pair of which form a corridor that includes the highest-grade power auger drill results recorded to date.