Predictive Discovery (ASX:PDI) has begun its reverse circulation (RC) drilling program at near-resource targets at its Bankan Gold Project in Guinea.
The company reports that RC drilling is currently underway at near-surface target 800W, located north-west of the main NEB resource pit shell. The first phase of drilling is planned to comprise 4 RC holes for 600m, with further drilling subject to results.
Predictive Discovery Managing Director, Andrew Pardey says: “The Bankan Gold Project has significant exploration upside, both near the existing NEB and BC deposits, and regionally along the 35km gold structure of the Siguiri Basin margin.
“Plans are also in place to drill other near-resource targets, with the aim of discovering economic gold mineralisation that can contribute to a future operation at Bankan”
We have commenced RC drilling at 800W, which has numerous significant intercepts from aircore drilling, just north-west of the main NEB deposit. Plans are also in place to drill other near-resource targets, with the aim of discovering economic gold mineralisation that can contribute to a future operation at Bankan.”
The company also reports that induced polarisation (IP) surveys have previously been identified as the most efficient geophysical technique to highlight the structural controls and mineralisation at Northeast Bankan (NEB).
Additionally, multiple exploration targets have been uncovered within 3km of the NEB deposit from shallow power auger (AG) and aircore (AC) drilling, combined with geophysical survey results and structural interpretation. The initial RC drilling will further test several of these targets.
Regional exploration is currently underway at the northern Argo Permit, focused on targets located between 15-20km north of NEB along the ‘highly’ prospective structural trend.
Further RC drilling is planned to begin upon completion of the IP surveys and will be scheduled as part of the near-resource RC drill program that has recently begun. Additionally, auger drilling is ongoing and currently focused on earlier-stage targets at Argo.
Predictive Discovery also states that gravity surveys are underway across a broad area of the Bankan Project permits.
The Bankan Gold Project is the company’s key asset and is the ‘largest’ gold discovery in West Africa in a decade. Predictive Discovery is working to further increase the size and improve the classification of the current mineral resource, and complete a scoping study and ESG workstreams by late 2023, as a crucial step towards securing a mining permit for the project.
Predictive Discovery is a mineral exploration company operating in Australia. The company’s strategy is to identify and develop gold deposits within the Siguiri Basin in Guinea.
Images: Predictive Discovery Ltd
