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Predictive Discovery Ltd releases further Bankan Gold drilling results

Predictive Discovery Ltd has announced further diamond drilling results at its Bankan Gold Project, located in Guinea.

Bankan currently has an inferred resource of 72.8 million t at 1.56 g/t gold (Au) for 3.65 million oz of Au. The drilling included in the announcement targeted below the current deeper high-grade core at NE Bankan, which remains open at depth and along strike. The company considers there to be significant exploration potential to increase the resource base and will do so through an aggressive drilling programme over next 12 months.

Biodiversity management

Managing Director, Andrew Pardey, said: “These new results demonstrate the consistency of grade and mineralisation which evidently continues significantly beyond the bottom of the NE Bankan pit shell, further underpinning Predictive’s view that Bankan is potentially a Tier 1 gold mine in the making. In addition, the results confirm significant reconciliation with the company’s geological interpretation of the high-grade zone, including location, widths and grade as well as from multiple stacked lodes identified in previous drilling results.

“Predictive is now entering a new phase of its exploration with a greatly expanded drilling programme and the improved geological understanding that flows from it. These prospects are expected to add significantly to the Bankan Project’s mineral resource inventory.

“The company is also balancing more aggressive exploration with a best practice biodiversity management programme to ensure our stakeholders have the confidence we will develop this project in a way that mitigates any negative impacts. This includes defining a robust biodiversity management plan given Bankan’s proximity to the Upper Niger National Park and other sensitive sites.

“As part of this process, we are developing a detailed biodiversity management roadmap. We have activated a rapid ecological assessment, which is being conducted by leading ecological specialists and coordinated by a globally significant environmental firm. This work will provide a broad understanding of the environment surrounding the Bankan Project and will ultimately inform a more detailed environmental and social impact assessment in due course.”

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