About Predictive Discovery Limited (ASX:PDI)
Predictive Discovery Limited (PDI) was established in late 2007 to explore for gold and uranium. The company is focusing principally on exploration for gold in West Africa with one additional project for gold in Australia. The company has a distinctive technological capability, known as Predictore®, that sets it apart from its peers.
Burkina Faso is the principal focus of PDI’s exploration activities. It is an emerging West African country that contains large areas of the prospective, relatively unexplored, Birimian age greenstone belts. A series of large gold discoveries have been made in Burkina Faso over the past decade, seven of which are now in production. The country is safe to operate in and has a mining law that encourages exploration and development. PDI has been working there since early 2008 and has established a local office with qualified field staff. With good local contacts, it is in a strong position to acquire more ground.
PDI has assembled a ground position in Burkina Faso totalling 1,533 square kilometres. It was selected through a country wide analytical assessment over the past three years that prioritised favourable mineralised geological structures and greenstone belts. This led us to our Bonsiega project in the Fada N’Gourma greenstone belt situated in the east of the country and along strike from the Samira Hill gold mine, just inside Niger to the north-east. The Bangaba project, which was acquired in February 2011, and in which the company has since obtained numerous high grade gold intercepts, was also identified in this way.
PDI is targeting multi-million ounce ore deposits in Burkina Faso. Since the Company began operations in 2010, PDI geologists have carried out a series of large reverse circulation, diamond and power auger drilling campaigns, as well as geological mapping and extensive airborne geophysical surveys. Numerous ore grade and width gold intercepts have been obtained in ten prospects.
In mid-2013, PDI acquired two new projects in Cote D'Ivoire - Kokumbo and Ferkessedougou. Reconnaisance exploration programs are planned for the 2013-14 field season.
In Australia, PDI is targeting a major new gold discovery under cover west of Ballarat. Activities in the past year have been very low key as the Company focuses its expenditure on its West African projects.