02b55cc7-7b5b-4e30-aa4e-2376d572bf13.pdf
ASX
Announcement
Predictive Discovery Limited is a gold exploration company with strong technical capabilities focused on its advanced gold exploration projects in West Africa.
ASX: PDI
Issued Capital: 1.33B shares
Share Price: 0.4 cents Market Capitalisation:
$5.3M
Directors Phillip Jackson
Non-Exec Chairman
Paul Roberts Managing Director
David Kelly
Non-Executive Director
23rd June 2016
Excellent Initial RC Drill Results from Boundiali, Cote D'Ivoire
Predictive Discovery Limited (ASX: PDI) is pleased to report highly encouraging gold assay results from RC drilling completed by Toro Gold Limited (Toro) on Predictive's Boundiali Project in Cote D'Ivoire, including:
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Drill assay highlights from the Nyangboue Prospect include:
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28m at 4.0g/t Au from 3m, including 1m at 49.7g/t Au o 14m at 5.5g/t Au from 32m, including 1m at 31.6g/t Au o 20m at 2.0g/t Au from 0m
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6m at 3.3g/t Au from 47m
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All of the above intercepts appear to be from separate but adjacent mineralised zones on one drill cross section across a 2km long strong and coherent gold-in-soil anomaly.
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Results of eight holes have been received so far out of a total of 71 holes drilled on six widely spaced cross sections.
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Visible gold has been panned from the drill chips.
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A new gold-mineralised system has been discovered at the Nyangboue Prospect in an area without recent artisanal workings or a previous history of modern gold exploration.
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RC drilling is ongoing and expected to finish in early July.
Mr Paul Roberts, Predictive's Managing Director said: "We are very encouraged by these first Boundiali drill results. While it is very early days in the evaluation of the Nyangboue Prospect, the scale of the soil anomaly and the grades and widths encountered in these first few holes offer the hope that we have just begun to explore a major gold mineralised system.
Toro is continuing with the drilling program at Boundiali and we will continue to release the drill assays as they come to hand. We expect ongoing results releases from this drill program well into July."
Figure 1: Locality map showing the initial Toro Joint Venture permits (in brown) including Boundiali (highlighted), the recently acquired GIV Joint Venture permits and permit applications (in blue), and the permits covered by PDI's agreement with XMI SARL over the Bobosso Project (red).
BOUNDIALI DRILLING PROGRAM (NYANGBOUE PROSPECT)
71 RC holes totalling 4,202m have now been drilled at Boundiali. RC drilling is still ongoing with approximately 1,000m yet to be completed. The program is designed to test a 2km long zone of strong and coherent gold-in-soil anomalies (Figure 2). These lie at the southern end of the Nyangboue Prospect, a 6km long gold-in-soil anomaly (Figure 4) first reported to the ASX on 20/10/15.
The RC holes were drilled:
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on 320m spaced east-west oriented lines with hole collars approximately 40m apart,
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mostly to depths of 50-60m, with the exceptions of holes BRC003-007 which were extended or re-drilled to between 117m and 130m depth,
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towards the west and angled at 50 degrees.
Additional details of the drill and assay methodologies employed in this program are reported in Table 1.
Figure 2: RC drill hole collar locations on a gold-in-soil geochemical contour plan (reported to the ASX on 23/2/16) in the southern 2km portion of the Nyangboue Prospect. Gold geochemical contours are superimposed on satellite imagery.
Results from eight drill holes are reported in this release, all of which were drilled in one cross- section. Assay highlights (reported at a 0.5g/t Au cut-off grade) are as follows:
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Hole No.
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Depth from (m)
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Down-hole interval (m)
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Au (g/t)
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Comments
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BRC001
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44
|
2
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1.95
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|
BRC003
|
3
|
28
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4.04
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incl. 1m @14.7g/t Au, 1m at 16.9g/t Au, 1m at 49.7g/t Au
|
|
BRC003
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47
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6
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3.29
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incl. 1m @10.5g/t Au
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|
BRC004
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0
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20
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1.97
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incl. 1m @14.4g/t Au
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BRC004
|
32
|
14
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5.51
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incl. 1m @11.7g/t Au, 1m @31.6g/t Au
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|
BRC005
|
40
|
1
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2.24
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|
BRC005
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46
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2
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0.98
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BRC007
|
42
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2
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2.26
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BRC009
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16
|
3
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3.39
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The cross section through these drill holes illustrates that the above intercepts appear to form part of a broader zone about 70m wide (Figure 3).
Figure 3: Cross-section through the RC drill holes reported in this release. Note: holes BNRC003, 005, 006 and 007 have now been extended to depths of between 117 and 130m, and BNRC004 has been re-drilled from surface to 130m; assay results are not yet available from this additional drilling.
Initial observations from logging these drill holes and mapping the limited rock exposures at surface are as follows:
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The mineralised zone appears to lie within a large and complex ductile shear zone containing:
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Quartz-sericite schists which are interpreted to be derived from volcano- sedimentary rocks,
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granitic intrusives,
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sediments,
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felsic volcanics with quartz phenocrysts,
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possible mylonites (extremely strongly sheared rocks) and
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possible mafic volcanics.
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Sparse rock outcrops indicate that shearing dips steeply to the east, which is why holes were drilled towards the west.
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Gold values are generally associated with zones of quartz veining (1-2cm veinlets - both smoky grey quartz and white quartz.
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Visible gold has been panned from some of the RC drill chips and fines. Follow-up screen fire assays on intervals with high gold grades and/or visible gold are therefore planned.
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The dip and dip direction of the mineralisation is not yet understood. Holes BNRC003-007 have now been extended/re-drilled to help address this question.