Predictive Discovery reaches A$2m earn in milestone for gold exploration at ElDore

Predictive Discovery (ASX: PDI) has passed a key milestone at the ElDore joint venture exploration permits in Burkina Faso, by passing A$2 million in expenditure.

Under the terms of the agreement with partner ElDore Mining Corporation (ASX: EDM), ElDore Mining will now ensure that shares amounting to 60% of Birrimian Pty Ltd (BPL) are issued to Predictive .

Birrimian is the owner of the four permits subject to the farm-in.

A formal joint venture between ElDore Mining and Predictive will then be established - and ElDore Mining will then be able to decide whether to contribute funds to the ongoing exploration program, or dilute its interest.

ElDore potential for large gold discovery

The joint venture has recently discovered some very promising results, and just under a fortnight ago received another boost with the latest drill results, which  were part of a program to test further targets over the 3.5 kilometre strike length delineated on the Dave and Dave East Prospects at Bonsiega.

Highlights included:

- 46 metres at 1.7 grams per tonne (g/t) gold from 22 metres, including 26 metres at 2.7g/t gold;
- 46 metres at 1.4g/t gold from 16 metres, including 8 metres at 4.0g/t gold; and
- 14 metres at 3.7g/t gold from 66 metres.

The defining factor is that gold was intersected in all sections drilled and remains open in all directions, with the highest grade intercepts located on the eastern most line of Dave East.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/19062/predictive-discovery-reaches-a2m-earn-in-milestone-for-gold-exploration-at-eldore-19062.html