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Market: TSX-V / ASX
Sector: Gold Mining
EPIC: PMV
Latest Price: 1.25  (-0.79% Descending)
52-week High: 1.34
52-week Low: 0.43
Market Cap: 247.57M
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PMI Gold Corp
www.pmigoldcorp.com

After 6 years of land acquisition and exploration in Ghana, Africa's #2 gold producer, PMI Gold is now focused on bringing its projects to near term production. PMI Gold controls 12 concessions covering 537 sq km -- in the heart of Ghana's major gold belts. Our holdings on the Asankrangwa gold belt alone are more than 70 km long -- the equivalent length of the entire Carlin Trend in Nevada -- and cover 3 past producing large scale mines and dozens of small historical operations.

Full PMI Gold Corp profile here
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PMI Gold still sourcing funding to move Ghana projects forward

30th Jun 2009, 4:05 pm
PMI Gold still sourcing funding to move Ghana projects forward
PMI Gold Corp (TSX-V: PMV) said it is continuing to source funding to address its current debt, to commercialize the Kubi gold project, to advance Obotan - also a gold project in Ghana - to the pre-feasibility stage and to continue exploration of the company’s other holdings.
 
Obotan covers a 20 kilometres section of PMI Gold’s 70 kilometres of holdings along  the Asankrangwa gold belt and includes dozens of historical mining operations and three recently producing mines, the Nkran, Abore and Adubiaso.

The company is strongly encouraged by the previous work on Obotan, and considers this information highly relevant to the potential of the property to host a sizeable mineral resource.

In 2008, a VTEM survey flown over a 3.8 x 4.0 km area centered just north-east of the Nkran pit confirmed conductors in areas of known gold mineralization and identified new drill targets for Obotan style gold mineralization.

A total of six medium to high priority target zones were picked for follow up.  Four of these targets have no record of previous drill testing, and the other two correspond with areas of known gold mineralization. The VTEM survey results indicate that high priority targets for Obotan style gold mineralization can be outlined by the technique to depths of 400 metres, the company added.

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