EDM eldore mining corporation limited

the gold itself could be huge

  1. 4,287 Posts.
    Thanks Matchbox

    From PDI:
    Additional 1.4km long gold‐mineralised structure
    identified on the Laterite Hill Grid, Burkina Faso
    Predictive Discovery Limited (ASX: PDI) is pleased to announce that, on its Madyabari permit in the Bonsiega Project,
    Eastern Burkina Faso (Figure 1), results from power auger drilling have identified a second large mineralised structure
    on the Laterite Hill grid, 1.4 kilometres long and open both to the west and east. This is in addition to the 3km long
    mineralised structure reported to the ASX by PDI on 9th March 2011.
    The gold geochemical anomaly includes the outcropping area around the Dave artisanal workings where previous
    explorers encountered gold intersections in reverse circulation drilling.
    Mr Paul Roberts, PDI?s Managing Director stated that ?these new results provide additional confirmation that
    widespread gold mineralisation is present on the Laterite Hill Grid over extensive strike lengths coincident with major
    shear structures, identified with our Predictore? approach, and artisanal workings. While there are many more assays
    Highlights
    �� Assays from an additional 418 power auger holes of the program covering a 10km
    prospective strike length received ? two thirds of the results now returned.
    �� New 1.4km long bedrock geochemical anomaly identified in the Dave Prospect area over
    a new mineralised structure open to the west and east with a peak value of 1 g/t Au.
    �� Historic RC drilling of the Dave Prospect within this anomaly obtained numerous
    economic gold intercepts including:
    o 12m at 5.0 g/t Au from 12m
    o 10m at 2.4 g/t Au from 39m
    o 22m at 1.2 g/t Au from 29m
    o 7m at 1.6 g/t Au from 18m
    o 2m at 9.4 g/t Au from 40m
    �� Two major geochemical anomalies have now been defined at Laterite Hill grid: Laterite
    Hill over 3km strike length & Dave Prospect area over 1.4km strike length.
    �� RC drilling on Laterite Hill grid planned for May following RC drilling at the recently
    acquired Bangaba project.

    PG
 
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