West Africa focused gold explorer Predictive Discovery has been ramping up gold exploration activities on its joint venture projects in Cote D’Ivoire, which are operated by ASX-listed Resolute Mining, and its 100%-owned projects in Guinea.
Cote D’Ivoire and Guinea – This follows the closing of a share purchase plan in which the company raised $1.948 million to drill the promising gold targets we are developing across our 100%-owned portfolio in Guinea, and support our equity contributions to the Resolute Joint Venture in Cote D’Ivoire, which returned very encouraging drill results in the June and September quarters.
Diamond drilling at the Ferkessedougou North projectis now scheduled to begin in January 2020, where it will follow up on the exciting new Ouarigue South gold discovery, that is already known to be up to 100 m wide and at least 210 m long, and is open to the south and at depth. Diamond drill results from Ouarigue South (first reported in June) include:
- 45.3 m at 3.16 g/t of gold from 45.9 m including 9 m at 10.31 g/t of gold,
- 39.7 m at 3.54 g/t of goldfrom 51.4m including 4.5 m at 11.00 g/t of gold,
- 10.9 m at 1.94 g/t of goldfrom 95.7 m
- 4.7 m at 6.14 g/t of goldfrom 134 m
Resolute Mining has advised that late heavy rains in the area restricted drill access to Ouarigue South resulting in a delay to the start date for drilling. Resolute has reaffirmed that it shares Predictive’s strong interest in the prospect and looks forward to the re-commencement of drilling.
Apart from the planned diamond drilling, further exploration work along the 17 km-long Ferkessedougou North gold-in-soil trend is expected in the coming months and will be announced once the work plan is finalised by Resolute Mining.
Meanwhile, at the Boundiali project, air core drilling is also planned for the March quarter in 2020, focused on the 4 km of untested gold-in-soil geochemical anomalies directly along strike from the Nyangboue gold deposit. Follow-up reverse circulation drilling will take place thereafter.
Predictive Discovery is engaged in drill target definition across its 100%-owned Kankan, Kaninko and Nonta projects, with air core and reverse circualtion drilling expected to commence in the March 2020 quarter.
The company continues to evaluate other properties in Guinea and expects to expand in its ground position in the country in the coming months, with a focus on the highly prospective Siguiri Basin which hosts AngloGold Ashanti’s +10 Moz Siguiri gold mine.
At Kaninko, results are pending from the first phase of soil sampling covering a 17 km2 area on a 400 x 50 m spaced sampling grid, with follow-up infill soil sampling expected over gold-anomalous zones, designed to vector down on potential drill targets.
Other work will include a BLEG stream sediment sampling survey over both the Kaninko permit and the adjacent Saman (Kaninko North) reconnaissance authorisation.
Follow-up infill soil geochemical sampling is now in progress at the Kankan project. Planned ground geophysics there is scheduled to commence in December.
At Nonta, a power auger drill programme is scheduled to commence at the start of December, following up gold-in-soil anomalous zones recorded previously.