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PREDICTIVE DISCOVERY LIMITED - Corporate Spotlight

With exposure to a world class region, Predictive Discovery (ASX:PDI) is focused on its... With exposure to a world class region, Predictive Discovery (ASX:PDI) is focused on its west African gold projects in Burkina Faso, Cote D’Ivoire and Guinea.More

Corporate Spotlight

With exposure to a world class region, Predictive Discovery (ASX:PDI) is focused on its west African gold projects in Burkina Faso, Cote D’Ivoire and Guinea.
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PDI Begins Combined Drilling Program at Guinea

VIDEOS

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DRILLING AND FIELD WORK

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DRILLING AND FIELD WORK RECOMMENCE IN WEST AFRICA

ASX Announcement 16 January 2020


Predictive Discovery Limited (Predictive or Company) is pleased to announce that drilling and field work programs have recommenced across Cote D’Ivoire and Guinea.


COTE D’IVOIRE (RESOLUTE JV) 

Ferkessedougou North Project IN 

  • Follow-up Diamond Drilling (DD) to start next week at the exciting Ouarigue South discovery where first pass drilling returned outstanding results1 including: 
    • 45.3m at 3.16g/t gold from 45.9m including 9m at 10.31g/t gold, 
    • 39.7m at 3.54g/t gold from 51.4m including 4.5m at 11.00g/t gold


GUINEA (100%-OWNED) 

Kaninko Project 

  • Trenching with an excavator has commenced at the Bankan Creek workings where earlier rock chip sampling obtained up to 52g/t gold2 . 
  • 200-hole power auger drill program commencing shortly, covering over 2km of strike length, testing the promising Bankan Creek and North-East Bankan prospects 3 in preparation for air core or RC drilling in the March Quarter.


Kankan Project 

  • Ground magnetics survey has recommenced. 
  • Induced polarisation geophysical survey over principal geochemical targets due to start shortly, designed to identify underlying geological structures to narrow down targeting for air core or RC drilling later in the March Quarter. 


Nonta Project 

Power auger drill samples have been submitted to the SGS Laboratory in Bamako, Mali with results pending. 


Pending Applications (New Ground) 

New landholdings are expected in the March Quarter and will be announced once grant documents are received, with new tenement applications submitted and discussions with a local party regarding several properties within the Siguiri Basin at an advanced stage.


“The Toro Gold/Resolute Mining transaction has provided Predictive with an experienced and well-funded joint venture partner to manage our exciting Ferkessedougou North and Boundiali Projects in Cote D’Ivoire. We are very pleased to announce that the much-anticipated follow-up diamond drilling program on the Ouarigue South gold discovery in the Ferkessedougou North permit is now imminent. 


In Guinea, exploration is accelerating across three high priority projects with drilling, trenching, magnetics and IP programs all designed to delineate targets for air core or RC drilling programs in the coming months. The team is hard at work in the field, ensuring we position the Company for exploration success in what is the best region globally for greenfields gold discovery. The next few months will see a steady stream of news flow and results as we strive to make the next Predictive gold discovery“ – Commented Managing Director Paul Roberts 


Figure 1 – Managing Director Paul Roberts directing a power auger drilling program at the Nonta Project, located in Guinea. 


Click here to view the full announcement 

PRESENTATION

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NEW PERMIT GRANTED

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NEW PERMIT GRANTED TO PREDICTIVE IN COTE D’IVOIRE 

ASX Announcement 1 October 2019 


HIGHLIGHTS 

  • Bocanda North permit granted covering 400 km2 . 
  • Area selected using the company’s PredictoreTM ground selection system. 
  • Located on a major structural position along strike from the Bobosso Project (see map). 
  • Artisanal gold workings recorded in the area. 
  • Work to commence in October.


“Predictive has been operating in Cote D’Ivoire since 2013 and regard it as a highly attractive destination for mining investment, both because of its high prospectivity and for its deserved reputation as an investor friendly jurisdiction. Apart from our own exploration successes in Cote D’Ivoire in joint venture with Resolute Mining (e.g. Nyangboue and Ouarigue South discoveries), other Australian listed explorers, such as Exore Resources (ASX: ERX) and Tietto Minerals (ASX: TIE) are reporting very exciting exploration results from the country1,2 , supporting its potential for large greenfields gold discoveries. The recent commencement of mine development work on the major Yaoure gold deposit by Perseus Mining (ASX: PRU) 3 also confirms the investment attractiveness of Cote D’Ivoire.” – Commented Predictive Discovery Managing Director, Paul Roberts 


Figure 1- Predictive Discovery West African projects, properties and interests on geological map background, highlighting new Bocanda North permit. 


Predictive Discovery Limited (“Predictive” or “Company”) is pleased to announce that the Bocanda North permit has been granted to Predictive’s Cote D’Ivoire subsidiary, Ivoirian Resources. The permit grant was approved by Cote D’Ivoire’s Ministerial Council in September.


The Bocanda North permit area was selected using Predictive’s in-house targeting system, known as PredictoreTM. The permit straddles a major geological contact separating greenstone from granite and representing the western edge of the largest greenstone belt in Cote D’Ivoire which is also the southern extension of Burkina Faso’s Hounde belt (Figure 1). The Hounde Belt contains several large gold deposits in Burkina Faso including Semafo Inc’s Mana Mine and Endeavour Mining’s Hounde Mine. Bocanda North also lies on the same structural position as the Bobosso Project in Cote D’Ivoire. Bobosso covers a very large gold mineralised system which was explored previously by Predictive; the Company retains a trailing interest in Bobosso which will result in cash payments to Predictive if one or more gold mines are discovered and developed there (ASX Announcement dated 12 June 2018).


Predictive team members will visit the Bocanda North site to scope out the initial work program in October. Field work initially consisting of stream sediment sampling and geological mapping will commence in November or December.


Click here to view the full announcement

PROGRAM TO COMMENCE

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RESOLUTE JV EXPLORATION PROGRAM TO COMMENCE IN NOVEMBER 

ASX Announcement 24 September 2019


HIGHLIGHTS 

  • Field work will commence by early November 2019 on the Predictive/Resolute Joint Venture Projects in Cote D’Ivoire. Initial work will be aimed at discovering more gold mineralisation on the Ferkessedougou North permit through: 
    • Diamond Drilling (DD) - targeting extensions to the recently discovered Ouarigue South Prospect (45.3m at 3.16g/t gold from 45.9m1 ). 
    • analysis of infill soil samples collected by Toro Gold on the Ferkessedougou North grid 
    • geological mapping and re-processing and re-interpretation of airborne geophysics. 
  • Joint Venture partner Resolute Mining (ASX: RSG) operates a highly efficient exploration operation in Cote D’Ivoire which should result in substantially lower overhead costs for the Joint Venture. 
  • A $2-3 million exploration budget for exploration of the Joint Venture properties in calendar year 2020 will be presented to the Resolute Board of Directors in November 2019. 
  • New reverse circulation (RC) drill results from Boundiali North have identified a third gold mineralised zone, open to the south, beneath part of the BN3 soil anomaly including the following intercepts: 
    • BNRC082 – 17m at 1.10g/t Au from 45m, 
    • BNRC083 – 11m at 1.81g/t Au from 95m. 
  • Following discussions with Resolute, and a review of likely future cash requirements, Predictive plans to maintain an (approximate) 25% equity in the joint venture by making quarterly cash contributions commencing in October 2019


“Following a period of extensive project review by RSG on the Cote D’Ivoire Joint Venture properties after its acquisition of Toro Gold Limited, we are pleased to announce RSG’s decision to commence a drillfocused exploration program by early November 2019 on the joint venture properties. Our new JV partners have strengthened the outlook for the projects bringing a fresh approach to exploration, supporting their objective of adding gold ounces to the Resolute portfolio. We eagerly await the commencement of diamond drilling at Ferkesssedougou North and look forward to jointly advancing the Ferkessedougou North and Boundiali projects towards what we believe may be significant gold deposits. 


Following discussions with Toro which commenced in June 2019 and subsequently with RSG and in accordance with the dilution formula in the joint venture agreement, Predictive’s equity is expected reduce from the current 30% to approximately 25%. Predictive’s Board believes that a contribution of 25% of JV exploration budgets is optimal for shareholders given that the JV holds two very active projects both of which will require extensive drilling programs and therefore substantially growing expenditures over the next few years.” – Commented Predictive Discovery Managing Director, Paul Roberts 


Predictive Discovery Limited (“Predictive” or “Company”) is pleased to announce that the Predictive/Resolute Joint Venture will commence a drill-focused exploration program by early November 2019, aimed initially at advancing the Ferkessedougou North Project, located in Cote D’Ivoire.


Work expected during the 2019-20 field season will build on a highly encouraging 2018-19 field season with the discovery of the Quarigue Project at Ferkessedougou North plus further very positive drill results at Boundiali from the 2019 RC drill program, totalling 11,427m, which tested three large zones of gold-insoil anomalies at Boundiali North and infill drill lines on the Nyangboue prospect at Boundiali South.


The current Predictive/Resolute Joint Venture covers an area of approximately 3,000km2 including advanced gold projects Ferkessedougou North and Boundiali (Figure 1). Both projects have enjoyed recent exploration success including 45.3m at 3.16g/t gold2 from Ferkessedougou North and 27m at 2.42g/t gold from Boundiali3 with new zones of gold mineralisation discovered across both projects.


Figure 1- Predictive Discovery West African projects, properties and interests 


Click here to view the full announcement

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