(Ecofin Agency) - Toro Gold Ltd, a mining company incorporated in Guernsey, has discovered a 5.6 km gold formation with contents peaking at 0.8 g/t in the Boundiali permit located in the North of Côte d’Ivoire, Predictive Discovery Ltd announced on 20^th October.

The discovery follows a survey sampling in an area for which there is no gold mineralisation known to this day, Predictive, who wants to sells up to 90% of shares to Toro Gold in its Ivorian subsidiary which owns three vast exploration permits, explained.

“We are really motivated by these new soil results”, Paul Roberts, General Manager of Predictive who estimates that the discovered formation would suggest the existence of a new important gold mineralisation system in Boundiali, commented.

Predictive Discovery, an Australian company with several assets in West Africa, has in Côte d’Ivoire, four permits (Ferkéssédougou, Boundiali, Kokumbo and Kounahiri) covering 1,534 km2.