Predictive Discovery provide exploration update at its Bankan Gold project

Highlights:

• Comprehensive geophysics surveys and modelling completed, identifying a strong induced polarisation (IP) signature of the NE Bankan (NEB) deposit.
• Aircore and power auger drilling continued to test identified prospects within 3 km of NEB. Best intercepts from 50 holes for 2244 m drilled include 8 m @ 5.14 g/t, 4 m @ 5.66 g/t and 20 m @ 1.02 g/t at NEB North, 2 m @ 10.30 g/t at NEB East and 12 m @ 1.53 g/t at SEB.
• Strong correlation between near-surface drilling results and geophysical targeting, identifying seven priority target areas in the immediate NEB area for further drilling.
• Additional IP and gravity surveys are set to commence at Bankan Creek (BC) (and surrounding areas) and NEB East in early 2023. Aircore drilling will recommence at the seven prospect areas in early 2023.
• Ground IP and gravity surveys also planned for the northern AG1, AG2 and BK2 prospects. Reconnaissance auger drilling is due to commence in early 2023.
• Exploration team strengthened with two new dedicated geologists to drive regional exploration.

Commenting on the latest activities, Managing Director Andrew Pardey, said:

“Resource definition drilling at NEB continues to produce strong results and we are making excellent progress with our strategy to increase the size and quality of the current mineral resource estimate. We are actively increasing our focus beyond this deposit and have strengthened our exploration team to support this broader regional exploration campaign.

“Near-resource exploration will continue to focus on identifying potential new deposits for a future operation, utilising the positive results of recent geophysical targeting, combined with extensive aircore and auger drilling completed to date.

“More broadly, we are recommencing exploration activities in the northern part of the Bankan project, with the aim of working towards discovery of the next NEB style deposit. NEB’s structural setting and strong IP geophysical signature, combined with further near-surface drilling, will be utilised to refine existing high priority targets along the 35 km structural trend for future drilling programs.”

Read the article online at: https://www.globalminingreview.com/mining/01122022/predictive-discovery-provide-exploration-update-at-its-bankan-gold-project/