(Ecofin Agency) - Predictive Discovery Ltd, gold mining company listed on ASX, reached an agreement with an Ivorian company through which it would bring or arrange a financing and manage the operation in two mining permit areas in Côte d’Ivoire.

This concerns operations, it reported on 28 October, in an area which already has its permit and a second area in the north of the country which Wendene permit, covering the vast Bobosso gold mineralisation system, is still expected.

The agreement is on the Wendene permit covering the Bobosso prospect in which drillings previously undertaken by Equigold and Lihir Gold revealed a mineralised zone of 7km2 with a gold content of 0.4 g/t.

The shallow depth reverse circulation drillings showed, it was reported, contents of 20.6 g/t on 5m from 48m, 9.5 g/t on 7m from 26m and 1.9 g/t on 32m from 12m.

Paul Roberts, General Manager of Predictive, indicated the presence, on this permit, “of gold areas in shallow depth and, potentially, of alluvial and lateritic gold areas, which offer opportunities to quickly move to a low-cost production of gold”.

The acquisition of the Wendene permit will add an area of 800 km2 of operation to Predictive Discovery which owns important assets, with open sky deposits, covering a total of 1,605 km2 in Burkina Faso and four permits (Ferkéssédougou, Boundiali, Kokumbo and Kounahiri) covering 1,534 km2 in Côte d’Ivoire.