Quarterly Report for PDI has been released - Majority of RC...

Quarterly Report for PDI has been released - Majority of RC Assay results from PDI's intial drilling programme at Dave & Dave East prospects awaited and expected over the next 4-6 weeks.... we really need some good results from this - this is just a little bit of the quarterly report below:


Highlights:
EXPLORATION
Burkina Faso ? Gold
Successful exploration activities during the June Quarter have confirmed the potential for large scale open pittable
gold deposits at both the Bangaba and Bonsiega Projects.
? Bangaba Project:
o Spectacular gold grades returned from RC drilling at the Solna and Tambiri Prospects including:
? 2m at 56g/t Au
? 5m at 17g/t Au
? 7m at 13g/t Au.
o Over 20 km of potentially mineralised shear zone indicated under shallow cover.
? Bonsiega Project ‐ Laterite Hill Grid:
o New broad zone of gold mineralisation at the Dave East Prospect containing a series of shallow gold
intercepts including:
? 12m at 2.9g/t Au
? 2m at 12.0g/t Au.
o Majority of RC assay results from PDI?s initial drilling programme at Dave and Dave East Prospects
awaited and expected over the next 4‐6 weeks.
o Over 12km of anomalies identified in power auger drilling largely coincident with interpreted
structures including 3.5km at Dave and Dave East, open to east and west.
o Aggressive exploration program completed during the Quarter, including 7,922m of RC drilling in 80
holes, 14,602m of power auger drilling in 2,732 holes and 216 sq. km of geological mapping.
Australia
? Benmara, NT (Uranium) ? Drilling planned to commence in August following application of PredictoreTM .
PLANNED SEPTEMBER QUARTER EXPLORATION
? Completion of RC drilling program at Dave East Prospect.
? An additional 18,500m of RC drilling and at least 3,000m of diamond drilling contracted to commence
immediately after the wet season.
? Airborne magnetics and radiometrics surveys at Bangaba, Boussouma and Laterite Hill.
? Target ranking throughout Burkina Faso using airborne geophysics results and PredictoreTM.
CORPORATE
? Experienced Exploration Manager appointed ‐ commencing early July 2011.
? $5.2 million held in cash at 30th June 2011 and no debt.