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- Predictive Discovery (PDI) upgrades the mineral resource for its Bankan project in Guinea’s Siguiri basin
- The global resource for the project now sits at 79.5 million tonnes at 1.63 g/t gold for 4.2 million ounces of gold, following upgrades to the NE Bankan and Bankan Creek deposits
- As part of the resource upgrade, Predictive Discovery grew the NE Bankan resource by 18 per cent to 3.9 million ounces of contained gold
- However, today’s upgrade excludes PDI’s deepest diamond hole at the project, which lies outside the mineral resource area and has the potential to drive further resource growth
- Shares in Predictive Discovery are down 6.25 per cent to 22.5 cents at 10:50 am AEST
Predictive Discovery (PDI) has upgraded the mineral resource for its Bankan project in Guinea’s Siguiri basin.
The global resource for the project now sits at 79.5 million tonnes at 1.63 grams per tonne (g/t) gold for 4.2 million ounces of gold, following upgrades to the NE Bankan and Bankan Creek deposits.
As part of the resource upgrade, Predictive Discovery grew the NE Bankan resource by 18 per cent to 3.9 million ounces of contained gold.
The NE Bankan deposit makes up the bulk of the resource, with 72.3 million tonnes grading 1.65 g/t gold. The deposit remains open downdip, with further infill and step-out drilling planned to convert additional areas into resource.
Predictive Discovery also upgraded the Bankan Creek deposit to 7.2 million tonnes at 1.43 g/t of gold for 331,000 contained ounces of gold.
However, today’s upgrades exclude the company’s deepest diamond hole at the project, which sits outside the mineral resource area and has the potential to drive further resource growth.
Nine drill rigs are undertaking further resource drilling, grade control, and near deposit exploration across the project area.
PDI Managing Director Andrew Pardey said he was excited to accelerate further resource growth.
“Over the following months and supported by our healthy $57 million cash balance, we will continue to drill the current deposit to convert the resource category from inferred to indicated, undertake further resource drilling at Bankan Creek and develop our regional targets with the goal of finding more NE Bankan-style deposits along our 35km-long structural corridor,” he said.
Shares in Predictive Discovery were down 6.25 per cent to 22.5 cents at 10:50 am AEST.