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    • Delayed Prices (USD) - Last Updated 01-07-2022
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    • Tin $26,800.00
    • Zinc $3,333.00

    Predictive Discovery sees Tier 1 potential for Bankan following further wide gold hits

    Predictive Discovery (ASX: PDI) has reported further solid grades from diamond drilling at its Bankan Gold Project in Guinea, including 41.5m @ 5.2g/t Au.

    The results, generated from seven diamond holes across totalling 4,668m at the NE Bankan deposit, have delivered a number of highlight results including:

    • Hole BNERD0105:
      • 41.5m @ 5.2g/t Au from 598m, incl.
        • 8.7m @ 14.9g/t Au from 605m
    • Hole BNERD0106B:
      • 14.2m @ 6.8g/t Au from 627m, incl.
        • 7.8m @ 10.7g/t Au from 631m
      • 12.7m @ 0.9g/t Au from 648m
      • 17m @ 1.7g/t Au from 664m
    • Hole BNERD0107:
      • 5m @ 3.4g/t Au from 550m, incl.
        • 1m @ 12.1g/t Au from 553m
      • 3.9m @ 6.7g/t Au from 635m, incl.
        • 0.9m @ 22g/t Au from 635m
    • Hole BNERD0108:
      • 20m @ 0.8g/t Au from 380m, incl.
        • 6m @ 1.4g/t Au from 383m
      • 10m @ 1.1g/t Au from 414m
    • Hole BNERD0109A:
      • 0.6m @ 30g/t Au from 81m
      • 24.3m @ 1.4g/t Au from 508m
    • Hole BNERD0110:
      • 26.8m @ 1/7g/t Au from 626m, incl.
        • 9m @ 3g/t Au from 635m
      • 3m @ 1.5g/t Au from 662m
    • Hole BNERD0111:
      • 24.7m @ 1.4g/t Au from 594m, incl.
        • 5m @ 2.9g/t Au from 608m

    The company also reports that regional power auger and AC target definition programs are ongoing across the project, with assays pending.

    Commenting on the results, PDI Managing Director Andrew Pardey said: “These new results demonstrate the consistency of grade and mineralisaiton which evidently continues significantly beyond the bottom of the NE Bankan pit shell, further underpinning Predictive’s view that Bankan is potentially a Tier 1 gold mine in the making. In addition, the results confirm significant reconciliation with the Company’s geological interpretation of the high-grade zone, including location, widths and grade as well as from multiple stacked lodes identified in previous drilling results.

    These new results demonstrate the consistency of grade and mineralisaiton which evidently continues significantly beyond the bottom of the NE Bankan pit shell”

    Predictive is now entering a new phase of its exploration with a greatly expanded drilling program and the improved geological understanding that flows from it. These prospects are expected to add significantly to the Bankan Project’s mineral Resource inventory.

    The Company is also balancing more aggressive exploration with a best practice biodiversity management program to ensure our stakeholders have the confidence we will develop this project in a way that mitigates any negative impacts. This includes defining a robust biodiversity management plan given Bankan’s proximity to the Upper Niger National Park and other sensitive sites.

    As part of this process, we are developing a detailed biodiversity management roadmap. We have activated a Rapid Ecological Assessment, which is being conducted by leading ecological specialists and coordinated by a globally significant environmental firm. This work will provide a broad understanding of the environment surrounding the Bankan Project and will ultimately inform a more detailed Environmental and Social Impact Assessment in due course.”

    The company notes that these results demonstrate that the NE Bankan deposit is host to continuous ore-grade mineralisation for up to 820m down-dip from surface, to 500m below surface.

    Furthermore, these newly-acquired results have provided support for planning of further extensional drilling in the current quarter, as well as a significant ramp-up in drilling activity with a minimum of four diamond drill rigs expected on site in the near-term.

    Longitudinal projection at NE Bankan displaying new drill results in red
    Longitudinal projection at NE Bankan displaying new drill results in red. Image: Predictive Discovery Ltd

    It is also reported that current and planned drilling will lead in to an updated Mineral Resource Estimate that is expected to be completed in the September quarter of this year.

    The 100%-owned Bankan Gold Project is located in northeast Guinea, West Africa, and covers a total footprint of 356km².

    The Project boasts a current Inferred Mineral Resource Estimate of 72.8 million tonnes @ 1.56g/t Au for 3.65 million ounces of contained gold.

    Adam Drought
    Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.

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    • Delayed Prices (USD) - Last Updated 01-07-2022
    • Gold $1,819.00
    • Silver $20.75
    • Platinum $916.00
    • Palladium $1,898.00
    • Dalian Iron Ore i2209 $121.63
    • Aluminium $2,491.00
    • Cobalt $72,460.00
    • Copper $8,365.50
    • Lead $1,971.00
    • Nickel $23,158.00
    • Tin $26,800.00
    • Zinc $3,333.00