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Transaction Announcement Reports
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Project: | Bobosso | |
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Deposit: | Bobosso | |
Location: | Cote D'Ivoire | |
Commodities: | Gold | |
Date: | 3/6/2018 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 6-3-2018: Predictive Discovery Ltd. announces an Exploration/Drilling Update report for its Bobosso deposit at the Bobosso project. Drilling results incl. 56m @ 1.58g/t from 47m. Predictive Discovery Limited (ASX: PDI) is pleased to announce more positive | |
Resources: | x | |
CP/QP: | [Overall Report]: Paul Roberts (Internal) | |
ABSTRACT: | Predictive Discovery Limited (ASX: PDI) is pleased to announce more positive RC drill results from the Bobosso Joint Venture with Progress Minerals International (Inc.) in Cote D’Ivoire. Mr Paul Roberts, Predictive’s Managing Director said: “These results add to the good initial drill assays we reported on 16th January 2018. Two drill programs have now been completed by the joint venture, both of which have yielded encouraging results and added to our knowledge of this very large gold mineralised system. We remain confident that there are more gold mineralised zones with good continuity to be found at Bobosso - both as extensions to the zones we have already drilled and in new, as yet untested, areas.” 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. | |
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