PDI
Market cap: 72M
SP: 8.8c
Cash: 11M
SOI: 824M
Top 20 holders: 56%
18 projects
- KANINKO PROJECT - Flagship project
- 100% owned
- District scale system
- Greenfield discovery
- Similarities in mineralisation with 10Moz Siguiri Mine nearby
- High grade mineralisation from surface down to an unknown depth
- Potential for lowCapital expenditures (CAPEX), low All in sustaining cost (AISC)
- Potential for excellent Gold recovery and Metallurgy
- Accessible during wet season
*** NE Bankan:
Significant intercepts:
- 46m (to EOH) at 6.58 g/t gold from 4m including
- 10m at 26.52 g/t gold from 34m
- 42m (to EOH) at 2.92 g/t gold from 8m
Current progress:
7 active drill rigs. a total of 50,000m drilling campaign
Recent 124 AC holes (2423m out of 20,000m campaign)
- Drill down to 20m
- Extended mineralisation to 0.5-1km strike
- New high grade zone identified
RC drill - 25,000m campaign
- Drill down to 80m.
- Also testing anomalous zones untested by earlier AC/RC program.
Diamond drill (depth) 5000m campaign
- 180m down hole
- Assays for first 5 holes in lab
- Results was expected mid June but delayed
Bankan Creek (satellite prospect)
44m (to EOH) at 2.06 g/t gold from 6m including:
18m at 2.97 g/t gold from 32m
6m at 4.52 g/t gold from 16m
- Gold grade may improve at depth (18m at 2.97g/t Au all in fresh rock)
- Needs DD drill to test fresh rock
Saman project, adjacent to Kaninko (satellite prospect)
- 400x100 gold-anomalous soil
- Power Auger drill planned November 2020
2. Kankan project
- 100% owned
- 600m drill program planed
- AC/RC drilling on 1-2 targets, assay pending
3. Koundian Project, Guinea- 100% owned
- limited historical, confirmed high-grade gold
- 4m at 19.80g/t gold from 50m, 2m at 7.00g/t gold from 44m
- Located along strike from 2Moz Tri-Kgolddeposits
- Currently: geo mapping, magnetics & soil sampling
4. Cote D’Ivoire - JV with ResoluteMining (23.5%)
- Ferkessedougou North
14.00m at 10.74g/t gold from 33.00m
40.40m at 1.88g/t Au from 105.60m
9.75m at 7.46g/t gold from 104.00m
- Infill and extension planned to further test down dip extent
5. Burki Faso- Bongou 184,000 oz Gold Resource:
- Thick, consistent mineralisation
- Excellent metallurgy
- Promising initial drill results from Bira
- Potential for +1Moz deposits
***Immediate news flow:
- Assay for the first 5 holes of DD (180m depth) - overdue
- Continuous Assay for AC holes (20m depth): anytime now
- Assay for RC holes (80m depth and testing new area): late July
- Assay for AC/RC from Kankan project?
- Initial metallurgy for surface & deep samples: Sep-Nov 2020
Exciting time ahead!
(20min delay)