Predictive Discovery Limited (ASX: PDI) has used its unique gold targeting system to help identify new locations for a successfully completed power auger drilling programme at its 100%-owned Kaninko Project in Guinea.
Predictive holds approximately 500 sq. km of prospective landholdings across five projects, all containing artisanal gold workings within the Siguiri Basin which hosts Anglogold’s large Siguiri Mine (+10Moz).
Predictive Managing Director, Paul Roberts, said the Guinea projects were identified by Predictive during its terrain-scale assessment of the Siguiri Basin in late 2018 using the company’s Predictore gold targeting system.
Early exploration has confirmed the Siguiri Basin as being both highly prospective for gold mineralisation and underexplored. The area is part of the richly mineralised West African Birimian gold belt and consists largely of metasediments with minor granitic rocks, metavolcanics and mafic to ultramafic intrusives.
In only 15 months, the company has completed numerous early stage exploration programs including soil geochemical sampling, BLEG stream sediment sampling, ground geophysical surveys, rock-chip sampling, power auger drilling, trenching and mapping across the Kankan, Nonta, Kaninko and Boroto Projects
“We are very pleased with the ongoing excellent gold exploration results from Kaninko. We are now able to start drilling two highly promising targets at Bankan Creek and North-East Bankan and we look forward with great anticipation to the drill results,” Mr Roberts said.
“Kaninko was granted to Predictive less than nine months ago. Since then, we have moved it forward from a greenfields tenement with no known history of past exploration to a property on which significant gold mineralisation has now been recognised – very rapid progress, especially after the normal wet season hiatus from July to October 2019.
“We will announce further details of the imminent drilling program and other results from across the Predictive portfolio shortly.”
The new power auger results from North-East Bankan were bottom-of-hole samples collected from an average depth of 18-19m and assayed at the SGS laboratory in Bamako, Mali.
Mr Roberts said that importantly, assays of some of these samples improved significantly on the previously reported, shallower power auger composite samples, providing additional evidence of the potential of the newly discovered mineralised zone at depth.
Significant increases relative to the previously recorded values included 11.9g/t gold (previously 7.83g/t Au), 10.3g/t gold (previously 1.43g/t gold) and 1.47g/t gold (previously 0.07g/t Au).
A combined Reverse Circulation and Air-Core drilling programme is imminent with a minimum of 2,500m to be completed across the North-East Bankan and Bankan Creek prospects along with at least one target on the Kankan Permit
