Predictive Discovery (ASX: PDI) has commenced a 60,000m RC and diamond drilling program to ‘significantly’ increase and upgrade the inferred 3.65Moz Mineral Resource Estimate at its Bankan Gold Project in Guinea, West Africa.
The company reports that six drill rigs are on site, with extension and infill drilling underway at both the NE Bankan and Bankan Creek gold deposits to support a planned MRE update in Q3 2022.
The news comes as PDI reveals further gold intercepts at its Koundian Gold Project, with highlight results from AC drilling including 6m @ 3.1g/t Au from 18m, 2m @ 2.9g/t Au from 6m, 6m @ 3.3g/t Au from 18m and 12m @ 1.3g/t Au from 6m.
In addition, the company has welcomed four new key executives as it works to build an experienced management team capable of delivering a Tier-1 gold operation.
Speaking on the update, Predictive Discovery Managing Director Andrew Pardey said: “We are delighted to welcome our four new senior leaders who will support our goal of developing and building Guinea’s next gold mine. With the asset’s proximity to Haut Niger National Park and our commitment to local engagement, we will continue to develop an 18 month best practice biodiversity management program.
“Our goal is to deliver a comprehensive Scoping Study to the Government of Guinea by the end of 2023, putting us in a strong position to develop and build the country’s largest gold mine”
On the first exploration front, drilling at the Bankan Project is ramping up with more rigs and a 60,000 metre program to complement several baseline environmental studies – all are now underway. Our goal is to deliver a comprehensive Scoping Study to the Government of Guinea by the end of 2023, putting us in a strong position to develop and build the country’s largest gold mine.
The new assay results at Koundian are particularly encouraging as, together with the drilling results announcement from NE Bankan in April, show the potential of Predictive’s highly prospective land package, all of which is located within Guinea’s prolific Siguiri Basin. The Koundain Project is strategically located along strike from the Managem Group’s 2Moz Tri-K gold deposits, with the southern permit boundary just 7kn north of the Koulekoun deposit, which hosts 1.2 Moz at 1.52g/t gold. We look forward to receiving more samples from the AC drilling and rock chip sampling.”
PDI notes that it has also commenced baseline environmental studies, including stakeholder mapping, area assessment and critical habitat assessment in order to develop an 18-month best practice biodiversity management plan with environmental firm, Critical Resource.
The company expects to deliver a detailed Scoping Study to the Government of Guinea by the end of 2023, with the potential to deliver the largest gold mine in Guinea over the coming five years.
The Bankan Gold Project is located in Guinea’s Siguiri Basin, and boasts a current Mineral Resource Estimate of 72.8 million tonnes @ 1.56g/t Au for 3.65Moz of contained gold.
The project comprises the NE Bankan and Bankan Creek deposits, as well as a number of high-priority prospects within the broader Bankan permit.
Images: Predictive Discovery Limited