Predictive Discovery uncovers 52g/t gold at Kaninko
Predictive Discovery found 52.1g/t gold in artisanal workings at the Bankan Creek prospect.
Africa-focused Predictive Discovery (ASX: PDI) has uncovered up to 52 grams per tonne gold in artisanal mine samples collected from its wholly-owned Kaninko permit in Guinea.
Predictive accumulated 97 samples from artisanal mine dumps across the project with the peak 52.1g/t gold result arising out of the Bankan Creek prospect.
Over at the Bankan North-East prospect nine samples exceeded 1g/t gold with a peak value of 1.83g/t gold extracted from this area of interest which has expanded to 350m in length and 80m in width.
Predictive also noted that gold mineralisation at both prospects is open in most directions.
“These new results have further expanded the prospective area at Kaninko and provided additional confirmation that the gold mineralised laterite and saprolite zones tested so far by artisanal miners extend over encouragingly broad areas,” Predictive managing director Paul Roberts said.
He added the company was awaiting assays from a 17 square metre soil sampling program that covered three prospects across the permit.
Assays from the soil sampling program will help determine further targets for follow up.
Ongoing work at the project during the current quarter will include infill soil sampling, trenching, and a possible geophysical survey.
The company is firming up targets for reconnaissance drilling programs that have been planned for the March quarter of next year.
Guinea tenements
Predictive owns 500sq km of tenements in Guinea, which have been grouped into five separate projects.
All projects host artisanal gold workings with four of the assets located in the Siguiri Basin which is home to AngloGold’s Siguiri 10 million ounce gold mine.
Resolute Mining joint venture
In addition to its Guinea permits, Predictive owns tenements in Cote d’Ivoire and Burkina Faso.
Resolute Mining (ASX: RSG) recently became Predictive’s partner in Cote D’Ivoire, with the duo owning 2,344sq km in the region including the Boundiali, Ferkessedougou North and Kokoumbo projects.
Previous exploration at Boundiali revealed 65 reportable gold intervals in August from a 16-hole program.
Better results have included 3m at 14.97g/t gold from 9m, 13m at 1.92g/t gold from 68m, 16m at 1.64g/t gold from 7m, and 4m at 3.56g/t gold from 109m.
Today’s exploration news at Kaninko spurred Predictive’s share price up 12.50% to trade at $0.009 by late afternoon.