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Predictive Discovery Ltd Finds More Gold At Kokoumbo In Cote D'Ivoire

Predictive Discovery Ltd (ASX:PDI) continues to find widespread gold mineralisation from diamond drill results at the Kokoumbo permit in Cote D'Ivoire.

The final assays from the remaining 12 holes of a 15 hole program across three prospects has yielded results including 7.5 metres at 1.5 g/t gold from 12 metres.

These assays follow on from the initial three holes which reported intersections of 7.5 metres at 16.0 g/t gold from surface, including 1.5 metres at 74.2 g/t gold.

11 of the 12 holes contained some gold mineralisation.

The three prospects within the Kokoumbo permit are Kokoumbo Hill, Sereme and Blonzwe.

Drilling was completed by joint venture partner, Toro Gold Limited. The joint venture committee will meet next month to discuss the next phase of work on the Kokoumbo permit.

Paul Roberts, managing director for Predictive Discovery, commented: "We are still at an early stage in developing a good geological understanding of the Kokoumbo permit, with only 15 holes drilled so far on three prospects.

"But we do know that gold mineralisation is widespread in the permit and that some high gold grades are present in near-surface material."

Drill results

The diamond drilling program tested three prospects - Kokoumbo Hill, Sereme and Blonzwe.

11 of the 12 holes contained some gold mineralisation at a 0.5 g/t gold cut-off including:

- Kokoumbo Hill Prospect: 7.5 metres at 1.5 g/t gold from 12 metres, including 1.5 metres at 8.89 g/t gold; and 1.5 metres at 14.9 g/t gold from 87 metres.

- Sereme Prospect: 3.0 metres at 1.9 g/t gold from 39 metres; 1.5 metres at 4.1 g/t gold from 1.5 metres; and 1.5 metres at 4.6 g/t gold from 18.7 metres.

Toro is currently completing a separate reverse circulation program on the Boundiali permit in northern Cote D'Ivoire.

Assays from Boundiali are expected soon.

Toro joint venture

Predictive is in joint venture with Toro, a UK-based company, on six granted permits and two permit applications in Cote D'Ivoire.

Predictive now holds 49% and Toro can earn a further 14% by spending US$2.5 million.

At this stage, Predictive plans to contribute 35% of the ongoing expenditure once Toro achieves its 65% equity.

Analysis

Kokoumbo is an early stage project with the first 15 diamond holes suggesting widespread gold mineralisation from surface.

The Predictive share price is up 66% year to date currently trading at circa $0.005.

These drill results continue to validate the benefits of strong land holdings in countries with secure mining codes and histories of major gold discoveries.

The Kokoumbo permit is located some 40-50 kilometres from Newcrest Mining's (ASX:NCM) Bonikro gold mine and Endeavour's Agbaou gold mine within the Oume-Fetekro greenstone belt.

Predictive remains leveraged to further exploration success through its joint venture with Toro.

Toro is currently completing a drill program on a large gold soil anomaly at the Boundiali permit in northern Cote D'Ivoire. Assay results are expected soon.

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