Predictive Discovery’s Share Price Rises 4.76% After Drill Program Results

Predictive Discovery’s Limited [ASX:PDI] shares are trading at $0.22, a jump of almost 5% in today’s market.

The gold exploration company is listed in Australia, but drills in West Africa. Their primary areas of activity are Burkina Faso and Cote D’Ivore.

Why the rise in share price?

The price increase may be helped by PDI’s drilling program results. All fire assay re-analyses were received from drilling of the new Ferkessedougou North gold discovery. Which is part of their Toro Venture in Cote D’Ivoire.

The drill testing findings pointed to gold values from fire assays being generally higher than the bottle roll values. With the first drill section confirming broad gold mineralisation intercepts.

Predictive’s Managing Director Paul Roberts said:

With these results, Ferkessedogou North is assuming increasing importance in our growing group of west African Prospects with excellent drilling results.

We have old drill tested a very small proportion of the gold-in-soil geochemical anomaly, which is 17km long and serval kilometres wide… This is clearly a large scale target, potentially with numerous gold mineralised bodies.

What’s next for Predictive Discovery?

The first drill program on Ferkessedogou North has only scratched the surface in its potential for gold ore discovery.

The company’s mission is to discover gold ore resources exceeding 2 million ounces, which could be profitably mined in a stand-alone operation.

If results like this continue this continue, that prospect looks promising. So look forward to more drilling after the rainy season.

Regards,

Ryan Clarkson-Ledward,
For Markets & Money

PS: Not convinced about Predictive Discovery? Well there are definitely mining stocks out there worth the investment. Discover resource analyst Jason Stevenson’s the top 10 mining stocks for 2018 in his free research report, here.


Jason Stevenson is Markets & Money’s resource analyst. He shares over a decade’s worth of investing and trading experience across resource stocks and commodity futures and options. He originally studied accounting and finance at Curtin University, where he was awarded a first-class honours degree. His professional background stems across high-net-worth, top tier accounting (corporate finance, tax and auditing), and sell-side equities research. Before joining the team at Markets and Money, Jason worked at boutique firms which advised fund managers and high-net-worth clients on where to invest. Whether it’s gold, crude oil, copper or an obscure metal like vanadium, you can rely on an in-depth analysis in Markets and Money. Jason also brings you extensive macro, political and geopolitical analysis from around the world. He leaves no stone unturned when it comes to telling the truth. Jason is also the lead analyst of Gold Stock Trader, a premium service for investors serious about precious metal stocks. Websites and financial e-letters Jason writes for:


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