AMN - BURKINA FASO: Bira gold anomalies extended

Power auger drilling results from the Burkina Faso JV between Predictive Discovery and Progress Minerals have extended gold anomalies along strike from the Bira prospect. The anomalies southwest of Bira now extend for 20km of strike length.

This is twice the length that the JV announced one month ago.

Significant drill intersections include 27 metres at 1.83 g/t gold from 23 metres; 33 metres at 1.42 g/t from 51 metres; and 22 metres at 1.55 g/t from 115 metres.

A further reverse circulation drilling program of up to 20,000 metres RC drilling is planned on seven prospects and this is expected to start in November-December 2018 after the rainy season.

Predictive’s managing director Paul Roberts said: “With these results, we can now see the scale of the opportunity southwest of Bira.

"There is excellent potential to find very large tonnages of gold mineralisation in this large area, building on the 800 metres of gold mineralised strike length already outlined by the recent RC drill program."

Power auger drilling over and to the southwest of the known gold mineralisation at Bira has been underway since December 2017.

The program was designed to test an arsenic-in-soil anomaly that extends to the south and west of the Bira prospect over a strike length of 28km.

The joint venture with Progress began on September 30, 2017. The agreement allows Progress to earn a 70% interest in all permits within the area of influence in eastern Burkina Faso by spending $US5 million on exploration and project evaluation.

Progress is finalising its initial earn-in to 51% by expenditure of US$1 million, the first of three earn-in stages which will allow it to achieve 70% as long as it keeps spending money on exploration at the agreed rate.

The JV’s objective is to advance PDI’s eastern Burkina Faso prospects as quickly as possible towards a scoping study on a multi-pit mining operation feeding a central mill.

Predictive’s tenement holdings in Burkina Faso are in the east of the country and cover about 90km of strike length of the Samira Hill greenstone belt.

This belt hosts the 2.5 million ounce Samira Hill gold deposit across the border in Niger and contains numerous active artisanal gold mine sites along its length.

The company owns 100%, or has the rights to earn 95% to 100% of all its permits in Burkina Faso.

Predictive has discovered gold mineralisation on multiple prospects in Eastern Burkina Faso area.

Roberts said: "Elsewhere, work continues apace across our West African portfolio.

"In Cote D’Ivoire on the Toro Joint Venture, an IP geophysical survey is underway on Kokoumbo, near Bonikro mine, along with soil geochemical sampling on 16km of untested Nyangboue Shear zone at Boundiali North.

"We are also awaiting a large number of gold assays from the Ferkessedougou North RC drill program. Diamond drilling is planned on Kokoumbo in July-August.

"We are also in discussions with multiple permit holders in Mali. There is a lot more newsflow from multiple prospects to come in the months ahead.”

www.predictivediscovery.com