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Predictive Discovery Ltd.

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Summary

Project:

Ferkessedougou

Deposit:Ferkessedougou
Location:Cote D'Ivoire
Commodities:Gold
Date:5/29/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:29-5-2018: Predictive Discovery Ltd. announces an Exploration/Drilling Update report for its Ferkessedougou deposit at the Ferkessedougou project. Drilling results incl. 13m @ 5.35g/t Au from 76m. Predictive Discovery Limited (ASX: PDI) is pleased to anno
Resources:x
CP/QP:[Overall Report]: Paul Roberts (Internal)
ABSTRACT:Predictive Discovery Limited (ASX: PDI) is pleased to announce initial RC drill results from the Ferkessedougou North exploration permit in Cote D’Ivoire. Mr Paul Roberts, Predictive’s Managing Director said: “These results are a very encouraging start to drill testing a very large area of gold-in-soil geochemical anomalies. The program has only tested a very small proportion of the gold anomalies on short, widely spaced drill sections. The mineralisation is mostly associated with sheared granitic dykes but, at this stage, we do not know how many are present in the area and what proportion are gold mineralised. Interpretation of a recent aeromagnetic survey over the permit suggests that there could be many granitic dykes through the area, however, indicating potential for large tonnages of gold mineralisation on the permit. This new gold discovery adds to the expanding list of joint-venture funded PDI gold prospects generating excellent drilling results (e.g. Bira and Nyangboue). At the same time, we will continue assessing and acquiring new West African properties that we can explore in our own right.” Predictive is in joint venture with Toro Gold Limited, a UK-based company, on seven granted permits and two permit applications in Cote D’Ivoire (Figure 2). The Toro Joint Venture operates through Predictive Discovery Limited’s former subsidiary, Predictive Cote D’Ivoire SARL (Predictive CI) of which Predictive now holds 35%. Predictive is currently contributing 35% of ongoing Joint Venture expenditure.

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