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Predictive Discovery Ltd

Predictive Discovery to commence 20,000-metre drill program

The joint venture is striving to identify West Africa’s next large gold mine.

rc drill rig
Drilling will test a series of high priority gold targets

Predictive Discovery Ltd (ASX:PDI) is set to commence a 20,000-metre drilling program in early November at its joint venture projects in Burkina Faso.

Notably, the reverse circulation (RC) drilling will be funded by joint venture partner Progress Minerals.

Drilling will start with a 5,000-metre program at the Tambiri permit and be followed by a 15,000-metre program testing 10 targets within the Bira, Kalinga and Tantiabongou permits.

READ: Predictive Discovery resumes drilling at Bobosso and expects C$493,000 cash payment

Predictive’s managing director Paul Roberts said: “We believe that there is potential for more than 2 million ounces in resources within the AOI, building on Predictive’s Bongou discovery, excellent recent JV drill results at Bira, and good gold discoveries elsewhere (e.g. Dave and Tambiri prospects).

“The new drill programs will test for extensions of the Tambiri and Bira gold trends where past drilling has discovered very promising gold mineralisation showing excellent continuity and very good initial metallurgical test work results.”

Roberts added: “In recent months, Predictive has also completed several rounds of data analysis and field visits in several West African countries, including Burkina Faso, resulting in numerous tenement applications.

“If and when these applications are granted, we will announce our plans to explore them. The process of turning over new land is central to the prospect generator model with new licences representing the opportunity to uncover the next major gold discovery in West Africa.”

Quick facts: Predictive Discovery Ltd

Price: $0.01

Market: ASX
Market Cap: $4.13 m
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