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Market: TSX-V
Sector: Gold Mining
Epic: PMV
News: Latest news
Web Site: PMI Gold
Other Articles: 01-04-200903-03-200919-02-2009

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Monday March 15, 08:38Gulf Keystone raises £16m for 2010 Kurdistan campaign

Gulf Keystone has completed a fully subscribed placing that will provide the finance for work on the Shaikan and Sheikh Adi blocks in 2010.

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Sunday March 14, 05:46China's growth boosting commodity prices

With chunky economic numbers from China boosting commodity prices we take a brief look at the country's position in different market places - while noting also that hopes for a recovery in global trade appear to be borne out by freight rates.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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PMI Gold

PMI Gold

PMI Gold Corporation is a gold exploration and development company with offices in Vancouver, BC and Accra, Ghana. We have a large land position and control four previous operating gold mines on 746 square kms of leases and concessions located along the prolific Ashanti and Asankrangwa gold belts. Ghana is Africa's second largest gold producer and has attracted over $7 billion in foreign direct investment into the minerals and mining sector over the last decade. We are currently in the market to finance the Kubi Mine to production in late 2010. We have a 20-year mining lease in place and a current N.I. 43-101 gold resource of 920,000 ounces.

Tuesday, June 30, 2009

PMI Gold still sourcing funding to move Ghana projects forward

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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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