AMN - GUINEA: High-grade results confirm gold discovery

Predictive Discovery Ltd has received broad, high-grade gold results from the Kaninko Gold Project in Guinea. The results of up to 46 metres at 6.58 g/t gold from 4 metres have confirmed a new discovery with strong growth potential.

The results from a 24-hole aircore and reverse circulation program on North-East Bankan prospect demonstrate broad north-trending zones of at least 450 metres long. These are open in all directions.

Within the 46-metre intersection was 10 metres at 26.52 g/t from 34 metres while another strong result was 42 metres at 2.92 g/t from 8 metres.

Results from a further 23 holes from Bankan Creek prospect are pending and upon the receipt of final assays, Predictive will complete a review and announce the next steps for its Guinea exploration programs, which will include plans for the recently announced Koundian property package.

Managing director Paul Roberts said: “We are very pleased by these results, which are an excellent first step in defining what appears to be a significant new gold discovery.

“With this initial shallow program, we have confirmed the presence of broad mineralised widths suggested by the earlier power auger drilling along with some impressively high gold grades.

“Many of the holes either started or stopped in gold mineralisation, which is therefore open both at depth and to the east and west on most drill lines.

“The mineralisation is also open to the north and south so there is plenty of scope to grow this further with more drilling."

He said: “We are also waiting for assays from our recently completed Bankan Creek drilling only 3-kilometres southwest of this discovery, which is a separate broad, gold mineralised system that has already demonstrated promising trenching and power auger drill results.”

“This new discovery highlights the opportunity presented by our greenfields exploration strategy on 100%-owned ground in the prolific Siguiri Basin of Guinea, as well as the speed with which we can advance these projects.

“Kaninko was granted to us just over nine months ago. Since then, through the strenuous efforts of our Guinea team, we have transformed a greenfields property with no known prior exploration to an exciting new gold discovery.

“With further drill results still pending and the recently announced acquisition of the Koundian Property Package, the company now has multiple opportunities for discovering a more than 1-million-ounce deposit in Guinea.”

The planned drilling at Kankan is on hold pending resolution of an issue with the drill rig.

Once that is resolved, the Kankan drilling is expected to be completed in the coming weeks.

Predictive has also been buoyed by results from diamond drilling by joint venture partner Resolute Mining at Ouarigue South Prospect within the Ferkessedougou North Gold Project in Cote D’Ivoire, including 14 metres at 10.74 g/t from 33 metres.

The nine-hole program for 1,659 metres also returned 51 metres at 1.27 g/t from 169 metres, 33 metres at 1.62 g/t from 28 metres and 17.15 metres at 1.39 g/t from 110.85 metres.

Roberts said: “The results from Ouarigue South provide further strong encouragement of the strength of this mineralised gold system and highlights the potential of making more discoveries along the ‘Leraba’ gold-in-soil geochemical trend.

“These results further strengthen our confidence that Ouarigue South has the potential to host a valuable gold resource, the limits of which are still to be defined.”

An infill and extension program has been planned to further test the down-dip extent of the system and improve understanding of the grade distribution and potential internal high-grade plunges.

Continuing review and interpretation of the regional results may show other areas along strike on the main structure of other intrusives or potential traps for the mineralising fluids.

Owing to current COVID-19 restrictions in Cote d’Ivoire, the planned power auger and aircore drilling programs that were scheduled to commence after the Ferkessedougou North diamond program was completed have been suspended.

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