For thousands of other reports visit RSC's Mineral Intellingence Map
Predictive Discovery Ltd.
Summary
| Project: | Bobosso | |
|---|---|---|
| Deposit: | Bobosso | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 7/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-7-2017: Predictive Discovery Ltd. announces an Exploration/Drilling Update report for its Bobosso deposit at the Bobosso project. JV - drilling results incl. 8.7m @ 3.3g/t Au from 39.6m. The Bobosso Project consists of two granted exploration permits, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Roberts (Internal) | |
| ABSTRACT: | The Bobosso Project consists of two granted exploration permits, Bassawa and Wendene in northern Cote D’Ivoire (Figure 1), which are held by an Ivoirian company, XMI SARl (XMI). Bassawa and Wendene are located in the southern extension of the well mineralised Hounde Belt in Burkina Faso, which includes Semafo’s Mana Mine (5 Moz in ore resources and reserves1 ) Previous exploration by Equigold, Lihir and Newcrest including a series of large drilling programs totalling 569 RC holes and 11 diamond drill holes. This obtained many gold mineralised intercepts beneath a 7km2 gold-in-soil geochemical anomaly (ASX release dated 28/10/15) indicating the presence of a large gold mineralised system. Geological mapping and re-logging of historical diamond drill core by Predictive staff has demonstrated that the gold mineralisation is hosted in a sequence of mafic volcanics, with lesser felsic to intermediate volcanics and minor metasediments. Gold mineralisation is found in both broad, moderate grade alteration zones (silica-sericite-carbonate-pyrite) and narrower, higher grade quartz veins. PDI has earned a 37% equity in the Bobosso project through an agreement which was signed in October 2015 with the owner of XMI, West Africa Venture Investment (WAVI). More recently, Predictive and WAVI have entered into a funding agreement with Progress Minerals Inc (Progress) by which Progress is funding US$1 million of expenditure to earn a 30% equity in the project (ASX release dated 16/3/17). The new diamond drilling program forms a major part of that commitment. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report