Predictive Discovery Limited (ASX:PDI) has reported positibe assay results from 15 holes for 5,649m of resource definition drilling at the Bankan Gold Project in Guinea.
Highlights
- Positive resource definition drilling results for both NE Bankan (NEB) and Bankan Creek (BC) will contribute to the planned Mineral Resource update for both deposits in Q3 2023. Mineral Resource update to support the Scoping Study, a key input in Bankan’s permitting process.
- NEB results include multiple significant intercepts outside the current Mineral Resource, including:
- 32.3m @ 3.28g/t from 671.7m, 3.45m @ 6.86g/t from 749.55m and 26m @ 2.27g/t from776m in BNEDD0214;
- 20m @ 4.36 g/t from 592m and 18m @ 1.44 g/t from 615m in BNEDD0202A; and
- 40.7m @ 1.59 g/t from 195.3m in BNEDD0204.
- BC results are from nine holes, with best intercepts including:
- 37.5m @ 14.50 g/t from 68.5m and 12.5m @ 1.84 g/t from 112m in KKODD006A (historical hole drilled down-plunge along the mineralisation and therefore intercepts do not reflect true widths);
- 26m @ 2.26 g/t from 112m in BCKDD0024;
- 2m @ 31.35 g/t from 299m in BCKDD0026; and
- 13m @ 1.63 g/t from 162m in BCKDD0020.
- Drill core from all previous BC holes re-logged and geological model updated. The enhanced understanding of geology and structural controls of mineralisation is being used to target infill and extension holes in recently re-commenced drilling at BC.
“Drilling campaigns at NEB and BC continue to generate significant potential to upgrade and add to the Mineral Resource base at our Tier-1 Bankan Gold Project,” Managing Director, Andrew Pardey, said.
“The positive results reported today, along with further pending assays, will contribute to an updated Mineral Resource estimate for NEB and BC due in Q3 2023.
“Encouragingly, the NEB results include good intercepts outside the current Mineral Resource, both below the resource pit shell and in the footwall adjacent to the pit shell. While the focus of the next resource update remains on further upgrading the Mineral Resource, these results show potential to incrementally add ounces.
“We are armed with an enhanced understanding of the BC deposit following the recent re-logging campaign, with structural controls now interpreted as having a greater influence on mineralisation. This is allowing us to better target our current drilling which is focused on infilling and extending the BC deposit.”
