Predictive Discovery announce successful drill results in Guinea

Highlights:

• New drilling results at the NE Bankan (NEB) deposit continue to successfully infill mineralisation within the US$1800/oz optimised resource pit shell. Best results include 38.2 m @ 5.28 g/t from 535 m, 49 m @ 3.36 g/t from 194 m, 37 m @ 4.41 g/t from 275 m, 56 m @ 2.70 g/t from 138 m, 39 m @ 3.63 g/t from 188 m and 62 m @ 1.31 g/t from 4 m.
• Results from an additional hole below the optimised resource pit shell returned a high-grade intercept of 13 m @ 5.91 g/t from 697 m, with additional deep holes in progress or assays pending.
• Mineral resource update underway and due shortly. This update will include all results received to date, refinements to the geological model, and review of the mineral resource classification.
• Infill drilling at NEB will remain a key focus to upgrade the majority of the mineral resource within the pit shell to indicated, to support the scoping study mine plan. Resource extension drilling is also continuing at both NEB and Bankan Creek (BC).
• The scoping study, which includes sustainability studies, is ongoing and aimed to be completed in late 2023.

Commenting on the results, Managing Director Andrew Pardey, said:

“PDI’s aggressive infill drilling programme continues to deliver outstanding wide and high-grade intercepts, particularly in the high-grade plunging shoot in the middle to lower parts of the optimised resource pit shell. Our detailed understanding on the controls of NEB’s mineralisation is rapidly developing, which will allow us to start converting the existing inferred mineral resource to indicated. Further infill drilling and mineral resource conversion will remain key near-term focus areas to support PDI’s scoping study. Together with the ongoing environmental & social impact assessment, the scoping study will be important for future permitting discussions with the Guinean Government.”

“There is significant upside to the NEB mineral resource below the optimised resource pit shell, and it was pleasing to receive another high-grade intercept in this area. Overall, our current drilling program is ahead of schedule due to recent strong performance and improved productivity by our drilling contractor. I am also delighted with initial progress made by our new regional exploration team, and look forward to activity ramping up in 2023 as we seek to prove up the enormous potential of the overall Bankan Gold project.”

Read the article online at: https://www.globalminingreview.com/mining/30012023/predictive-discovery-announce-successful-drill-results-in-guinea/