exploration
Feature image credit: www.123rf.com

ASX-listed project generator Predictive Discovery has been generating excellent results and new, highly prospective ore discovery opportunities across its 7 000 km² West Africa ground portfolio.

In Burkina Faso, the company has released an initial set of drill results from the Bira prospect which is being drilled by its JV partner, Progress Minerals. A 700 – 800 m long target is being tested, from which Predictive Discovery has obtained assays for only 200 m so far.

Every reported hole has contained encouraging gold intercepts, the best being 27 m at 1.8 g/t gold. Gold mineralisation continuity is excellent which bodes well for a possible future resource calculation; any resource identified here will add to the existing resource base at the Bongou deposit – part of the same joint venture.

In Cote D’Ivoire, JV partner, Toro Gold, has recently completed a 5 500 m RC drilling programme at Ferkessedougou North to test a new style of mineralisation (shear-parallel granite dykes), first seen in a large trenching programme in December 2017 within a 17 km long zone of gold-in-soil anomalies. This area has not been drilled before. Assay results from that drill programme are expected in April.

Elsewhere, the Toro Gold team will soon start drilling a 4 km long gold-in soil anomaly on the Ferkessedougou South permit.

The company further reported recently on the addition of 16 km of new structure along strike from the JV’s shallow, high grade Nyangboue discovery. The best intercepts so far include:

  • 30m at 8.3g/t gold from 39 m and
  • 20m at 10.5g/t Au from 39m.

“We can expect soil geochemical results in the next two months and more drilling in the area in the second half of 2018,” says Predictive Discovery MD Paul Roberts.

Also in Cote D’Ivoire the company has reported encouraging RC drill results from the Bobosso JV with Progress Minerals and local partner, WAVI, the best intercept of which was 56 m at 1.6 g/t gold from 47m.

“We have now also picked up new ground in Mali and are carrying out early stage exploration for gold and lithium (two of the three areas lie within the belt of lithium occurrences which includes Birimian’s large Goulamina lithium deposit). We are also in discussions with local permit holders on several highly prospective areas with the aim of expanding our ground position there in the next 2 – 3 months.”

Predictive Discovery expects that total exploration expenditure on its portfolio will be approximately US$5 million, most of which will be funded by its joint venture partners. “We can therefore expect ongoing substantial news flow from numerous prospects over the next nine months,” Roberts concludes.