Côte d'Ivoire: Predictive Discovery finds high gold mineralization in Kokoumbo
Wednesday, 16 September 2015 16:15
Predictive Discovery Ltd, listed on ASX, announced on 15 September, excellent progress by its joint-venture partner Toro Gold in exploration of assets, above all on the Kokoumbo permit located in the south of Côte d'Ivoire.
The company disclosed the discovery of a trending high in gold content covering an area of 2km2 in the historical mining sites in the locality of Kokoumbo and of the collection, in a recent programme, of 4886 rock and trench samples.
The rock and quartz sampling show high gold values including 98g/t, 54g/t, 44g/t and 23g/t, whereas the geochemistry of the 6km trending revealed peak values of 3.4g/t and 3.3g/t.
Toro Gold is in a joint-venture with Predictive Discovery on four licences: Kokoumbo, Boundiali, Ferkessedougou and Kounahiri covering an area of 1534 km2.
The company will take 51% share in the Ivorian subsidiary of Predictive in return for an investment of $1 million within the framework of an agreement which should result in its shareholding of 90%.
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