Predictive Discovery Ltd has provided an update on regional exploration at Argo within the Bankan Gold Project in Guinea, including initial reverse circulation (RC) drilling results and additional auger drilling results.
PDI’s regional exploration aims to discover additional commercial deposits within the highly prospective and underexplored Bankan permits, to build on the NEB and BC discoveries (combined 5.38 million oz mineral resource).
Highlights:
- Assays from the first 23 RC holes (3064 m drilled) of the initial 50-hole programme received. Highly encouraging results at multiple targets:
- Fouwagbe: Multiple targets tested. Best result of 12 m @ 6.75g/t from 41 m at a multi-element auger anomaly, with future drilling planned to test the depth and strike potential. Encouraging results at other Fouwagbe targets of 4 m @ 1.29g/t from 94 m and 1 m @ 13.10g/t from 17 m.
- Sounsoun: Two parallel north-west dipping structures intersected, with best results of 5m @ 5.16g/t from 129 m and 9 m @ 1.04g/t from 61 m. Mineralisation located close to contacts between a felsic intrusive and the mafic unit, similar to NEB. Latest auger results significantly extend the strike potential of Sounsoun to the south-west.
- Tindini: Best result of 14 m @ 1.97g/t from 65 m with further drilling planned to test potential extensions at depth and along strike. Other promising results at Tindini include 6m @ 0.68g/t, 3 m @ 0.61g/t, 2 m @ 0.93g/t and 1 m @ 2.37g/t.
- Remaining holes in the initial RC program following up the best RC results so far and testing other priority drill targets in the south of Argo. Additional aircore and RC drilling also being planned.
- Latest auger results highlight three north-east orientated anomalous auger trends, and have defined many additional target areas to be followed up with aircore and RC drilling.
Andrew Pardey, Managing Director, comments:
“We are delighted with initial results from the first-pass RC drilling program at Argo in the northern part of our Tier-1 Bankan Gold Project. The results include excellent intercepts, and favourable geology is present at several targets where mineralisation appears to be in a similar setting to NEB.
“The current programme is only testing limited zones within the identified targets, and PDI plans to complete additional drilling to build on the most promising results and comprehensively test the broader target areas.
“Pleasingly, we are continuing to identify additional areas of interest from the latest auger results, highlighting the significant potential that exists in the Argo area.”