Predictive Discovery shares rally as it continues high-grade gold drilling spree in West Africa
Predictive Discovery Ltd (ASX:PDI) is continuing its high-grade gold drilling spree in West Africa, hitting 14 metres at 10.74 g/t gold at the Ferkessedougou North Gold Project in Cote DIvoire.
Yesterday, the companys shares skyrocketed after revealing broad, high-grade results of up to 46 metres at 6.58 g/t gold from 4 metres at Kaninko Project in Guinea.
Predictive shares were last trading at 6.6 cents, a 1000% increase over the last week.
Ferkessedougou North diamond drilling[hhmc]
The latest results are from a nine-hole diamond drilling (DD) program totalling 1,659 metres at the Ouarigue South Prospect within the Ferkessedougou North Gold Project.
Managed by joint venture partner Resolute Mining Limited (ASX:RSG), results have confirmed a continuous, easterly-dipping, gold-mineralised zone, extending from surface to a vertical depth of 175 metres, which remains open at depth.
Better intersections included:
- FNDC011: 51.00 metres at 1.27g/t gold from 169.00 metres;
- FNDC012: 14.00 metres at 10.74g/t gold from 33.00 metres;
- FNDC015: 33.00 metres at 1.62g/t gold from 28.00 metres; and
- FNDC016: 17.15 metres at 1.39g/t gold from 110.85 metres.
Predictives portfolio of gold projects including joint venture projects held with Resolute Mining
Predictive managing director Paul Roberts said: “The results from Ouarigue South provide further strong encouragement of the strength of this mineralised gold system and highlights the potential of making more discoveries along the “Leraba” gold-in-soil geochemical trend.
“These results further strengthen our confidence that Ouarigue South has the potential to host a valuable gold resource, the limits of which are still to be defined.”
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