Predictive owns 100% of its Burkina Faso package and the Company is currently exploring opportunities for divestment of the asset portfolio or other ownership structures to take control of these properties, through which the Company can participate in a possible future mine development without being required to fund operations prior to a mine development decision.
The Burkina Faso portfolio comprises a 722km2 land package in the Samira Hill greenstone belt, separated into six permits and two permit applications in two separate project areas – Bongou and Tempetou. This belt hosts the 2.5 million-ounce Samira Hill gold deposit across the border in Niger and contains numerous active artisanal gold mine sites along its length
Ferkessedougou North is located in northern Cote D’Ivoire directly adjacent to Burkina Faso’s southern border. A new style of gold mineralisation was discovered in sheared granitic dykes and their contacts with metasediments resulting in a 17km long gold-in-soil anomaly identified on the permit in FY16/17. The greenstone belt found on the licence is the same as the Ferkessedougou permit and abuts the border with Burkina Faso. Rock types in the permit are mapped as metasedimentary rocks, granite and granodiorite. There are extensive artisanal workings in the permit.
To date, a total of 7,107m of trenching, 80 RC holes (for 4,989m) and 9 DD holes (for 1,059m) have been completed on the Ferkessedougou North Project
The Boundiali Project consists of two permits – Boundiali North and Boundiali South – which cover 29km of strike length within a very well-mineralised greenstone belt. The southern portion of the belt remains underexplored with a significant opportunity to discover new, large gold deposits.
Predictive was granted the Boundiali permit in January 2014. The Boundiali and Boundiali North permits are located within a very well mineralised greenstone belt which contains the large operating Tongon, Sissingue and Syama gold mines.