PMI Gold Corporation

Published : January 10th, 2013

Anomalous Gold Intersected at PMI Gold's Diaso Prospect, Ghana

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Keywords :   Australia | Canada | Ghana | Gold | Market | Oil | Report |
News Releases
January 09, 2013

Anomalous Gold Intersected at PMI Gold's Diaso Prospect, Ghana

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Highlights:
  • Total of 222 Reverse Circulation (RC) drill holes drilled into 3 separate targets within the Diaso Afiefiso Concession, part of PMI's Asanko Regional Exploration Project.
  • Drilling designed to test coincident favourable intersecting structures with historical anomalous gold in soil geochemical anomalies.
  • Targets located on the Nkran and Fromenda Shears, which form within the highly prospective Asankrangwa Gold Belt.
  • All assay results have been received. Significant intersections (>0.5g/t Au) include:

    • 12m @ 2.06g/t Au from 8m (including     2m @ 5.02g/t Au from 14m)
    •   3m @ 16.43g/t Au from 55m (including 1m @ 48.41g/t Au from 55m)
    •   3m @ 32.89g/t Au from 27m (including 1m @ 73.14g/t Au from 27m)
    • 11m @ 4.35g/t Au from 133m (including 2m @ 16.87g/t Au from 133m)

PMI Gold Corporation (TSX: PMV) (ASX: PVM) is pleased to announce an exploration Reverse Circulation (RC) drilling program has been completed, and all assay results have been returned, at the Diaso Prospect located within the Diaso-Afiefiso Concession. The Concession is located within the Company's 100%-owned Asanko Regional Exploration Project in the southwest of Ghana (Figure 1).

A total of 222 holes for 19,675m were drilled to test 3 separate target areas highlighted as "Block A", "Block B" and "Block C" in Figure 2. These areas were targeted due to coinciding favourable structural settings, identified from airborne geophysics, with historical gold in soil anomalies. Blocks A and B are located on the Fromenda Shear which also hosts the Fromenda Prospect located directly north of Block A. A total strike length of approximately 12km between Fromenda and Block B has been tested to date. Block C is located on the Nkran Shear which hosts the Nkran and Asuadai Deposits within PMI Gold's Obotan Project. The Fromenda and Nkran Shears, along with the Abore Shear, form a regional northeast trending structural corridor (the Asankrangwa Gold Belt) interpreted to control the regional distribution of gold mineralization, particularly at the intersections with cross-cutting east-northeast structures, as characterized by the Obotan deposits to the north.

Samples were submitted to MinAnalytical Laboratory in Perth, Western Australia, for 50g Fire Assay treatment with Atomic Absorption Spectrometry (AAS) finish. All assay results have been received and are discussed below.

Block A

A total of 147 holes were drilled for 12,560m into Block A. Drilling was undertaken on a nominal spacing of 400m x 50m and designed to test the intersection of an interpreted east-west structure with the Fromenda Shear, considered a favourable structural setting for hosting gold mineralization in the district, as well as following up high grade historical drilling results. All anomalous intercepts >0.5g/t Au are listed in Table 1. Highlights include:
  • DARC12-057 17m @ 0.75g/t Au from 70m
  • DARC12-058 12m @ 2.06g/t Au from 8m (including 2m @ 5.02g/t Au from 14m)
  • DIRC12-022 11m  @ 0.77g/t Au from 106m
  • DIRC12-033 5m     @ 1.06g/t Au from 20m
  • DIRC12-046 3m     @ 16.43g/t Au from 55m (including 1m @ 48.41g/t Au from 55m)

Drilling has intersected a zone of steeply dipping gold mineralization, up to 10m in true thickness, over a strike length of 800m (Figure 3). Gold mineralization is associated with a stock work of quartz veins hosted within an intercalated sequence of metavolcanic and sedimentary rocks, similar to the geological setting of the Fromenda Prospect. Numerous other zones of discreet mineralization have also been intersected, providing valuable targets for further follow up drilling.

Block B

A total of 54 holes were drilled for 4,697m into Block B. Drilling was undertaken on a nominal spacing of 400m x 50m and, as with Block A, designed to test the intersection of an interpreted east-west structure with the Fromenda Shear. All anomalous intercepts >0.5g/t Au are listed in Table 2. Highlights include:
  • DARC12-092 3m @ 32.89g/t Au from 27m (including 1m @ 73.14g/t Au from 27m)
  • DARC12-094 2m @ 4.89g/t Au from 27m
  • DARC12-112 1m @ 5.58g/t Au from 60m

Drilling has intercepted a series of discrete, steeply dipping zones of anomalous gold mineralization over the 2km strike length of the target area (Figure 4). Gold mineralization is associated with a stock work of quartz veins hosted within an intercalated sequence of metavolcanic and sedimentary rocks, similar to the geological setting of the Fromenda Prospect.

Block C

A total of 21 holes were drilled for 2,418m into Block C. This represents the first phase of drilling to be completed in the target area. Drilling was undertaken on nominal 100m x 50m spacing (Figure 5) and designed to test coinciding favourable intersecting structures with an anomalous gold in soil geochemical anomaly and adjacent to artisanal workings. All anomalous intercepts >0.5g/t Au are listed in Table 3. Highlights include:
  • DIRC12-089 20m @ 1.40g/t Au from 46m
  • DIRC12-092 7m   @ 2.53g/t Au from 140m
  • DIRC12-093 23m @ 1.26g/t Au from 120m
  • DIRC12-101 11m @ 4.35g/t Au from 133m (including 2m @ 16.87g/t Au from 133m)
  • DIRC12-107 3m   @ 1.90g/t Au from 96m

Drilling has intercepted a zone of steeply dipping gold mineralization up to 16m thick in true thickness which continues 600m along strike and remains open down dip (Figures 5 & 6). In comparison with Blocks A & B, gold mineralization is interpreted to be associated with an east-northeast striking felsic intrusion.

The Asanko Regional Exploration Project is a regionally contiguous group of tenements covering some 55km of strike in the Asankrangwa Gold Belt, and is located immediately south of PMI's Obotan Project. The Company's, and that of the future merged company Asanko Gold, exploration approach within the southern Asankrangwa Gold Belt will be to continue the development of the resource targets within 15km of the Nkran Deposit (Obotan Project) and the exploration of other significant resource targets within the Asankrangwa Gold Belt.

PMI Gold's Managing Director and CEO, Mr Collin Ellison, said "The results of the exploration program at Diaso indicate the high prospectivity of the Asankrangwa Gold Belt to host significant economic mineralization within the Asanko Project area. Outside of the currently known gold mineralization, the Asankrangwa Gold Belt has only been superficially explored with drilling generally limited to shallow depths. PMI (and the future Asanko Gold) continue to be encouraged by the results and are planning further follow-up drilling for 2013 to test known mineralization along strike and at depth, as well as testing new and known target areas."

On behalf of the Board,

"Collin Ellison"
Managing Director & CEO


For further information please contact:

Investor Relations Canada:
Rebecca Greco, Fig House Communications
P. +1 (416) 822-6483
E. fighouse@yahoo.com

Investor Relations Australia:
Nicholas Read/Paul Armstrong, Read Corporate
P. +61 8 9388 1474
M. +61 419 929 046

PMI Contact Canada:
Marion McGrath, Corporate Secretary
P. +1 (604) 684-6264
Toll-Free: 1 (888) 682-8089

PMI Contact Australia:
Collin Ellison, Managing Director & CEO
P. +61 8 6188 7900

or visit the PMI Gold Corporation website at www.pmigoldcorp.com


Competent Person Statement

Exploration Results:
The information in this announcement that relates to exploration results is based on information compiled by Thomas Amoah, who is employed by Adansi Gold Company (Ghana) Ltd, a wholly owned subsidiary of PMI Gold Corporation. Mr Amoah, who is a Member of the Australian Institute of Geoscientists (MAIG), has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves'. Mr Amoah consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Scientific and technical information contained in this news release has been reviewed and approved by Thomas Amoah, MAIG, MSEG a "qualified person" as defined under National Instrument 43-101 (NI 43-101). Mr. Amoah is not independent of PMI under NI 43-101. Field work was supervised by Mr Amoah (VP-Exploration). Mr Amoah consents to the inclusion of matters in this announcement based on information in the form and context in which it appears.

Drill cuttings were logged and sampled on site, with 3kg samples sent to the MinAnalytical prep laboratory on site, and analyzed for gold by fire assay-AA on a 50 gram sample charge or by screened metallics AA finish in MinAnalytical laboratory in Perth. Internal QC consisted of inserting both blanks and standards into the sample stream and multiple re-assays of selected anomalous samples. Where multiple assays were received for an interval, the final value reported was the screened metallic assay if available, or in lieu of that the average of the other results for the interval. Results from the QC program suggest that the reported results are accurate. Intercepts were calculated with a minimum 0.5 g/t Au cut off at the beginning and the end of the intercept and allowing for no more than three consecutive metres of less than 0.5 g/t Au internal dilution. True widths are estimated at from 60% to 70% of the stated core length.


Cautionary Note Regarding Forward-looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the Obotan, Kubi and Asanko Projects and the plans, objectives or expectations of the Company with respect to the advancement of these projects and completion of scoping and pre-feasibility studies, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities; changes in gold prices; changes in exchange rates; possibility of equipment breakdowns, delays and availability; changes in mine plans; exploration cost overruns; unexpected increases in costs of equipment, steel, cement and consumables such as diesel and fuel oil; unexpected environmental liabilities or social charges; the unknown impact of the 10% windfall profit tax announced by the Government of Ghana; title defects; the failure of contract parties to perform; the unavailability of capital and financing; marketing activities, changes in gold prices; adverse general economic, market or business conditions; regulatory changes; failure to receive necessary government or regulatory approvals; and other risks and factors detailed herein and from time to time in the filings made by the Company with securities regulators and stock exchanges, including in the section entitled "Risk Factors" in the Company's Annual Information Form dated September 25, 2012

Any forward-looking statement or information only speaks as of the date on which it was made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such.



Figure 1: Location of Diaso Prospect within the Diaso-Afiefiso Concession



Figure 2: Diaso Prospect - Location of Target Areas with Aeromagnetics



Figure 3: Collar Location of RC Drilling at Block A with Mineralized Intercepts (>0.5g/t Au)



Figure 4: Collar Location of RC Drilling at Block B with Mineralized Intercepts (>0.5g/t Au)



Figure 5: Collar Location of RC Drilling at Block C with Mineralized Intercepts (>0.5g/t Au)



Figure 6: Block C Cross-Section 684,446N


Table 1: "Block A" Significant Gold Intercepts (>0.5g/t Au)
Note: True widths are approximately 60% to 70% of the length of the stated intersection lengths.

Hole ID Easting (UTM) Northing (UTM) RL (UTM) Dip Azimuth Depth From (m) Depth To (m) Interval (m) Weighted Ave Grade (g/t)
DARC12-001 597344.1 679559.3 144.2 -50 135 NSR
DARC12-002 597302.3 679597.1 156.3 -50 135 22 23 1 0.54
26 31 5 0.54
44 45 1 0.58
46 47 1 0.60
DARC12-003 597266.2 679625.9 161.5 -50 135 30 31 1 0.60
77 78 1 0.85
81 82 1 1.10
89 90 1 0.55
DARC12-004 597192.3 679689.9 159.1 -50 135 NSR
DARC12-005 597101.7 679749.9 148.1 -50 135 NSR
DARC12-006 597054.9 679773.5 145.0 -50 135 NSR
DARC12-007 597136.9 679731.9 150.7 -50 135 NSR
DARC12-008 597229.8 679653.6 163.2 -50 135 NSR
DARC12-009 597633.4 679834.8 157.3 -50 135 NSR
DARC12-010 597595.5 679870.8 155.6 -50 135 NSR
DARC12-011 597558.0 679902.2 151.5 -50 135 5 6 1 0.72
DARC12-012 597521.6 679936.3 143.9 -50 135 48 49 1 0.73
DARC12-013 597476.7 679975.6 139.7 -50 135 NSR
DARC12-014 597438.4 680007.6 138.1 -50 135 NSR
DARC12-015 597401.2 680040.6 139.4 -50 135 NSR
DARC12-016 597363.4 680070.8 141.7 -50 135 NSR
DARC12-017 597330.6 680101.6 145.6 -50 135 NSR
DARC12-018 597898.9 680142.5 166.2 -50 135 NSR
DARC12-019 597852.3 680172.8 162.2 -50 135 38 39 1 0.54
43 48 5 0.71
DARC12-020 597816.2 680201.1 156.5 -50 135 19 21 2 0.57
66 67 1 0.69
73 74 1 2.90
DARC12-021 597777.4 680231.0 150.3 -50 135 NSR
DARC12-022 597699.5 680291.1 143.8 -50 135 NSR
DARC12-023 597736.9 680262.1 143.7 -50 135 NSR
DARC12-024 598078.7 680491.0 144.0 -50 135 34 35 1 0.71
DARC12-025 598114.1 680463.8 154.5 -50 135 33 34 1 0.57
DARC12-026 598038.9 680522.0 148.0 -50 135 NSR
DARC12-027 598007.8 680546.7 142.8 -50 135 NSR
DARC12-028 597966.0 680576.1 144.6 -50 135 NSR
DARC12-029 597928.3 680608.9 137.2 -50 135 NSR
DARC12-030 597881.5 680640.6 130.2 -50 135 NSR
DARC12-031 598110.2 681021.1 145.8 -50 135 18 19 1 0.75
DARC12-032 598410.6 680739.9 148.6 -50 135 NSR
DARC12-033 598371.4 680778.1 144.4 -50 135 NSR
DARC12-034 598338.8 680815.4 142.9 -50 135 NSR
DARC12-035 598299.7 680853.2 142.5 -50 135 NSR
DARC12-036 598265.6 680885.6 143.2 -50 135 NSR
DARC12-037 598230.6 680921.5 143.9 -50 135 NSR
DARC12-038 598197.8 680957.8 146.0 -50 135 NSR
DARC12-039 598159.9 680991.4 148.0 -50 135 50 51 1 0.56
DARC12-040 598276.5 681498.8 137.1 -50 135 NSR
DARC12-041 598314.6 681465.3 138.2 -50 135 NSR
DARC12-042 598350.9 681433.6 137.9 -50 135 NSR
DARC12-043 598388.7 681399.5 139.2 -50 135 NSR
DARC12-044 598425.5 681366.2 139.5 -50 135 50 51 1 0.85
DARC12-045 598464.7 681330.7 142.2 -50 135 40 46 6 0.93
58 59 1 0.87
63 64 1 0.57
DARC12-046 598498.5 681299.1 145.1 -50 135 26 27 1 1.36
DARC12-047 598535.7 681264.8 147.2 -50 135 62 63 1 0.64
DARC12-048 598570.3 681232.6 149.4 -50 135 NSR
DARC12-049 598749.8 680981.3 144.6 -50 135 NSR
DARC12-050 598710.7 681007.1 141.7 -50 135 NSR
DARC12-051 598671.6 681036.0 139.5 -50 135 NSR
DARC12-052 598631.7 681068.8 138.6 -50 135 NSR
DARC12-053 598594.6 681100.5 139.0 -50 135 NSR
DARC12-054 598558.1 681131.9 141.2 -50 135 NSR
DARC12-055 598520.5 681163.8 141.2 -50 135 NSR
DARC12-056 599210.2 681572.1 141.1 -50 135 NSR
DARC12-057 598776.2 681970.4 144.8 -50 135 70 87 17 0.75
DARC12-058 598822.5 681942.9 146.3 -50 135 8 20 12 2.06
          Including 14 16 2 5.02
            25 26 1 0.54
            36 38 2 0.70
            85 86 1 1.28
            101 107 6 0.85
DARC12-059 598861.7 681915.1 153.0 -50 135 3 6 3 0.80
DARC12-060 598901.5 681879.1 152.5 -50 135 NSR
DARC12-061 598940.2 681849.4 162.6 -50 135 28 30 2 0.93
DARC12-062 598975.6 681820.6 170.4 -50 135 NSR
DARC12-063 599012.6 681791.1 162.6 -50 135 64 65 1 1.25
DARC12-064 599052.5 681761.9 156.4 -50 135 NSR
DARC12-065 599089.7 681728.5 150.5 -50 135 NSR
DARC12-066 599123.6 681689.3 147.9 -50 135 28 29 1 0.53
DARC12-067 599150.5 681651.7 143.5 -50 135 55 56 1 0.61
DARC12-068 599184.2 681609.1 141.6 -50 135 NSR
DARC12-069 599107.0 682260.1 143.0 -50 135 NSR
DARC12-070 599139.7 682230.1 142.9 -50 135 NSR
DARC12-071 599172.2 682199.2 143.3 -50 135 49 50 1 0.61
DARC12-072 599208.7 682166.8 148.0 -50 135 NSR
DARC12-073 599247.2 682128.9 147.7 -50 135 0 1 1 7.61
DARC12-074 599284.9 682093.0 157.2 -50 135 NSR
DARC12-075 599314.8 682058.8 161.3 -50 135 30 31 1 0.54
66 67 1 0.50
69 70 1 0.71
74 78 4 0.62
DARC12-076 599502.0 681890.6 171.4 -50 135 NSR
DARC12-077 599471.4 681921.0 165.8 -50 135 NSR
DARC12-078 599430.9 681957.7 153.1 -50 135 NSR
DARC12-079 599388.9 682000.4 157.0 -50 135 2 3 1 0.80
21 22 1 13.55
DARC12-080 599351.9 682029.9 164.3 -50 135 56 58 2 0.53
62 63 1 0.82
DIRC12-001 601214.2 683773.0 156.2 -50 135 NSR
DIRC12-002 601246.1 683739.1 156.2 -50 135 NSR
DIRC12-003 601280.7 683700.6 160.4 -50 135 13 14 1 0.75
DIRC12-004 601311.6 683664.1 166.3 -50 135 NSR
DIRC12-005 601351.9 683622.5 169.8 -50 135 68 69 1 2.91
DIRC12-006 601383.2 683584.8 171.8 -50 135 NSR
DIRC12-007 601415.1 683544.0 169.3 -50 135 NSR
DIRC12-008 601294.2 683442.5 148.6 -50 135 NSR
DIRC12-009 601324.2 683399.6 148.0 -50 135 77 78 1 1.17
DIRC12-010 601356.4 683369.8 149.5 -50 135 25 26 1 0.56
52 53 1 0.52
DIRC12-011 601390.0 683354.6 152.1 -50 135 15 19 4 0.80
26 27 1 1.19
75 76 1 0.69
DIRC12-012 601439.6 683316.3 149.7 -50 135 71 72 1 1.48
83 86 3 0.54
DIRC12-013 601256.2 683471.9 147.3 -50 135 0 1 1 0.53
DIRC12-014 601222.4 683500.9 147.1 -50 135 NSR
DIRC12-015 601175.2 683535.1 144.0 -50 135 NSR
DIRC12-016 601121.3 683555.1 141.8 -50 135 46 47 1 1.28
DIRC12-017 601088.7 683574.6 141.1 -50 135 NSR
DIRC12-018 601036.5 683574.7 140.4 -50 135 NSR
DIRC12-019 600988.0 683586.2 141.3 -50 135 NSR
DIRC12-020 600968.7 682679.0 154.0 -50 135 NSR
DIRC12-021 599595.0 682264.3 139.4 -50 135 3 4 1 0.96
82 94 12 0.87
DIRC12-022 599557.8 682311.6 144.5 -50 135 7 8 1 0.52
100 101 1 0.55
106 117 11 0.77
122 127 5 0.93
DIRC12-023 599632.1 682214.1 156.6 -50 135 77 79 2 0.69
84 87 3 0.55
DIRC12-024 599662.1 682176.3 156.2 -50 135 NSR
DIRC12-025 599693.1 682139.8 157.1 -50 135 NSR
DIRC12-026 599723.9 682105.2 149.9 -50 135 32 33 1 0.54
DIRC12-027 599760.7 682063.4 162.4 -50 135 NSR
DIRC12-028 599790.0 682031.0 163.4 -50 135 NSR
DIRC12-029 599829.5 681990.4 150.7 -50 135 NSR
DIRC12-030 600376.9 683115.8 137.0 -50 135 80 81 1 0.71
DIRC12-031 600123.1 682418.6 151.0 -50 135 NSR
DIRC12-032 600087.0 682445.6 150.8 -50 135 NSR
DIRC12-033 600040.1 682471.2 153.0 -50 135 20 25 5 1.06
40 41 1 0.59
DIRC12-034 599996.6 682505.1 144.5 -50 135 NSR
DIRC12-035 599958.2 682538.5 142.5 -50 135 NSR
DIRC12-036 599912.5 682580.3 147.1 -50 135 NSR
DIRC12-037 599883.4 682609.9 157.3 -50 135 NSR
DIRC12-038 599814.9 682667.5 170.7 -50 135 NSR
DIRC12-039 599765.8 682714.8 160.5 -50 135 1 2 1 0.59
DIRC12-040 599724.0 682752.3 153.4 -50 135 NSR
DIRC12-041 600570.8 683210.7 151.4 -50 135 NSR
DIRC12-042 600603.5 683177.2 153.7 -50 135 NSR
DIRC12-043 600638.6 683142.0 152.4 -50 135 NSR
DIRC12-044 600670.7 683099.6 147.2 -50 135 47 48 1 1.16
DIRC12-045 600712.1 683066.7 151.8 -50 135 22 23 1 1.22
DIRC12-046 600750.1 683028.8 149.0 -50 135 55 58 3 16.43
Including 55 56 1 48.41
DIRC12-047 600775.8 682982.0 146.1 -50 135 NSR
DIRC12-048 600801.1 682940.6 148.1 -50 135 NSR
DIRC12-049 600828.4 682896.8 151.5 -50 135 NSR
DIRC12-050 600857.2 682852.9 152.8 -50 135 NSR
DIRC12-051 600887.7 682809.9 152.0 -50 135 NSR
DIRC12-052 600915.0 682769.2 155.9 -50 135 NSR
DIRC12-053 600940.0 682726.2 156.8 -50 135 NSR
DIRC12-054 600876.2 683116.0 150.5 -50 135 NSR
DIRC12-055 600906.0 683076.9 154.4 -50 135 NSR
DIRC12-056 600945.0 683013.3 165.2 -50 135 NSR
DIRC12-057 600375.1 683066.1 134.3 -50 135 NSR
DIRC12-058 600366.1 682878.6 135.2 -50 135 NSR
DIRC12-059 599850.7 682639.9 167.9 -50 135 NSR
DIRC12-060 600095.6 682822.5 148.7 -50 135 NSR
DIRC12-061 600134.5 682794.4 149.2 -50 135 NSR
DIRC12-062 600190.7 682746.1 135.4 -50 135 NSR
DIRC12-063 600196.7 682690.6 136.5 -50 135 74 75 1 0.74
DIRC12-064 600330.7 682575.8 145.4 -50 135 1 2 1 0.74
DIRC12-065 600297.8 682610.5 143.1 -50 135 37 38 1 1.09
DIRC12-066 600238.6 682653.2 137.7 -50 135 NSR
DIRC12-067 600287.2 682640.3 141.9 -50 135 NSR

Table 2: "Block B" Significant Gold Intercepts (>0.5g/t Au)
Note: True widths are approximately 60% to 70% of the length of the stated intersection lengths.

Hole ID Easting (UTM) Northing (UTM) RL (UTM) Dip Azimuth Depth From (m) Depth To (m) Interval (m) Weighted Ave Grade (g/t)
DARC12-081 595958.5 678652.2 134.3 -50 135 NSR
DARC12-082 595991.4 678624.2 130.7 -50 135 NSR
DARC12-083 596104.0 678527.2 122.0 -50 135 NSR
DARC12-084 596071.5 678561.6 123.9 -50 135 24 25 1 0.56
DARC12-085 596032.6 678590.5 130.0 -50 135 70 71 1 0.54
DARC12-086 595631.1 678451.1 148.9 -50 135 NSR
DARC12-087 595667.5 678414.1 147.4 -50 135 NSR
DARC12-088 595700.5 678378.9 143.6 -50 135 NSR
DARC12-089 595738.3 678346.5 139.5 -50 135 NSR
DARC12-090 595774.4 678312.4 141.2 -50 135 45 47 2 2.50
DARC12-091 595812.8 678278.5 137.2 -50 135 NSR
DARC12-092 595848.5 678239.1 143.5 -50 135 27 30 3 32.89
          Including 27 28 1 73.14
DARC12-093 595961.7 678138.4 136.8 -50 135 NSR
DARC12-094 595917.7 678178.9 146.2 -50 135 27 29 2 4.89
46 52 6 0.72
DARC12-095 595883.8 678210.2 146.7 -50 135 NSR
DARC12-096 595249.0 677708.9 131.8 -50 135 NSR
DARC12-097 595284.0 677671.2 128.3 -50 135 NSR
DARC12-098 595319.6 677633.7 121.0 -50 135 NSR
DARC12-099 595356.8 677600.4 120.8 -50 135 NSR
DARC12-100 595477.1 677516.1 121.0 -50 135 NSR
DARC12-101 595424.8 677535.9 120.9 -50 135 NSR
DARC12-102 595389.8 677569.3 121.4 -50 135 NSR
DARC12-103 594423.3 677384.2 109.5 -50 135 NSR
DARC12-104 594448.2 677358.5 112.7 -50 135 NSR
DARC12-105 594483.3 677321.5 121.6 -50 135 NSR
DARC12-106 594516.4 677284.7 121.5 -50 135 18 19 1 0.77
21 22 1 0.64
24 26 2 0.56
30 31 1 0.83
DARC12-107 594554.4 677250.0 117.1 -50 135 NSR
DARC12-108 594586.5 677214.5 113.7 -50 135 NSR
DARC12-109 594681.4 677130.9 112.9 -50 135 NSR
DARC12-110 594661.2 677178.7 112.0 -50 135 NSR
DARC12-111 595018.7 677361.2 133.8 -50 135 45 46 1 1.19
DARC12-112 595054.0 677324.6 136.0 -50 135 36 37 1 0.62
44 45 1 1.45
60 61 1 5.58
DARC12-113 595095.8 677282.1 135.0 -50 135 12 13 1 3.13
DARC12-114 594788.6 677035.8 155.1 -50 135 NSR
DARC12-115 594757.2 677059.3 152.2 -50 135 31 32 1 3.87
40 44 4 0.56
DIRC12-068 595667.3 677862.9 152.5 -50 135 NSR
DIRC12-069 595631.1 677898.3 148.1 -50 135 5 6 1 0.62
DIRC12-070 595593.6 677932.8 146.8 -50 135 NSR
DIRC12-071 595555.3 677963.8 141.6 -50 135 NSR
DIRC12-072 595526.3 678005.0 133.2 -50 135 NSR
DIRC12-073 595488.1 678041.9 130.8 -50 135 NSR
DIRC12-074 595446.6 678074.8 129.8 -50 135 NSR
DIRC12-075 595411.0 678105.7 124.9 -50 135 NSR
DIRC12-076 595370.1 678142.5 123.4 -50 135 NSR
DIRC12-077 595334.8 678172.2 125.0 -50 135 NSR
DIRC12-078 595294.6 678206.7 128.3 -50 135 NSR
DIRC12-079 594875.9 676916.5 131.6 -50 135 NSR
DIRC12-080 594845.4 676955.7 140.4 -50 135 61 62 1 0.57
DIRC12-081 594816.4 676993.2 147.9 -50 135 54 56 2 0.96
DIRC12-082 594660.2 677024.5 143.1 -50 135 NSR
DIRC12-083 594683.9 676991.9 146.3 -50 135 38 39 1 7.37
75 76 1 6.07
DIRC12-084 594708.6 676951.8 143.5 -50 135 NSR
DIRC12-085 595127.8 677254.6 142.1 -50 135 NSR
DIRC12-086 595161.9 677214.2 137.7 -50 135 NSR
DIRC12-087 594677.9 684160.3 127.9 -50 135 NSR
DIRC12-088 594709.0 684111.4 130.1 -50 135 NSR

Table 3: "Block C" Significant Gold Intercepts (>0.5g/t Au)
Note: True widths are approximately 60% to 70% of the length of the stated intersection lengths.

Hole ID Easting (UTM) Northing (UTM) RL (UTM) Dip Azimuth Depth From (m) Depth To (m) Interval (m) Weighted Ave Grade (g/t)
DIRC12-089 594857.2 684220.9 143.4 -50 135 46 66 20 1.40
Including 54 55 1 5.04
Including 58 59 1 6.39
Including 70 71 1 3.08
DIRC12-090 594723.2 684064.5 137.9 -50 135 NSR
DIRC12-091 594812.5 684191.0 133.2 -50 135 47 48 1 0.52
56 57 1 0.88
DIRC12-092 594824.4 684261.2 142.0 -50 135 129 130 1 2.80
  140 147 7 2.53
Including 143 144 1 8.97
DIRC12-093 594886.1 684281.3 155.0 -50 135 99 100 1 0.54
120 143 23 1.26
147 148 1 3.22
154 157 3 1.59
161 162 1 0.83
166 171 5 0.63
            177 178 1 0.57
DIRC12-094 594930.9 684299.6 158.3 -50 135 97 113 16 0.70
129 135 6 1.86
          Including 131 132 1 7.39
DIRC12-095 594847.7 684319.3 146.9 -50 135 137 138 1 0.53
DIRC12-096 594992.2 684400.2 145.1 -50 135 NSR
DIRC12-097 595025.8 684359.3 157.2 -50 135 107 110 3 0.54
DIRC12-098 595057.9 684322.9 157.8 -50 135 NSR
DIRC12-099 595092.9 684282.6 151.4 -50 135 NSR
DIRC12-100 595127.7 684244.2 147.6 -50 135 NSR
DIRC12-101 594899.9 684336.0 154.7 -50 135 133 144 11 4.35
          Including 133 135 2 16.87
            157 160 3 2.09
            164 167 3 2.73
DIRC12-102 595164.1 684215.4 141.0 -50 135 NSR
DIRC12-103 595062.6 684448.7 128.8 -50 135 NSR
DIRC12-104 595103.8 684420.8 128.9 -50 135 96 99 3 1.90
DIRC12-105 595145.1 684391.0 129.5 -50 135 NSR
DIRC12-106 595174.1 684347.5 130.7 -50 135 NSR
DIRC12-107 595206.0 684310.4 130.9 -50 135 NSR

You can also view this News Release on our website at:
http://www.pmigoldcorp.com/s/News.asp?ReportID=564845

Home | Corporate | Projects | Investors | News | Contact Us | � 2013 PMI Gold Corporation (PMV) All rights reserved.
Data and Statistics for these countries : Australia | Canada | Ghana | All
Gold and Silver Prices for these countries : Australia | Canada | Ghana | All

PMI Gold Corporation

EXPLORATION STAGE
CODE : PMV.V
ISIN : CA7301531033
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PMI Gold is a gold exploration company based in Canada.

PMI Gold holds various exploration projects in Ghana.

Its main exploration properties are GYIMIGYA & DUNKWA, KANIAGO, OBOTAN, EDUBIA, OFOASE, BANKAME and KUBI in Ghana.

PMI Gold is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 339.6 millions as of today (US$ 321.0 millions, € 236.3 millions).

Its stock quote reached its lowest recent point on November 28, 2008 at CA$ 0.01, and its highest recent level on February 24, 2012 at CA$ 1.46.

PMI Gold has 409 193 000 shares outstanding.

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Corporate Presentations of PMI Gold Corporation
10/4/2007Larry Myles Reports: Another Look at PMI Gold Corporation.
Annual reports of PMI Gold Corporation
2008 Annual report
Annual Report 2007
Financings of PMI Gold Corporation
11/13/2012Completes Equity Financing; Overallotment Option Exercised i...
10/10/2012Announces C$100 Million Equity Financing
3/15/2011Completes Short-Form Prospectus And Qualifies Exercise of Sp...
10/20/2009Private Placement for $3,645,500 Closes
9/30/2009$2.75 Million Private Placement Increased to $3.20 Million
8/25/2009$2.75 Million Private Placement, Drilling Program Expanded
6/16/2009Repricing of warrants
5/26/2009Private Placement, Drilling Program Expanded
3/3/2009announces two private placements
3/3/2009Private Placements Announced
2/19/2009US$20 Million Private Placement Announcement
2/19/2009Announces US$20 million private placement
8/11/2008Private Placement $1.0 Million/5 Million Units Announced
4/15/2008Reprices Brokered Private Placement
3/12/2008Non-Brokered Private Placement Closed Fiscal Advisory Agreem...
1/14/2008Private Placement Increased
11/27/2007Private Placement 10 Million Units - $2,800,000 Announced
Nominations of PMI Gold Corporation
9/9/2013Advises Appointment Of General Manager Corporate Developmen...
4/4/2013appoints Jim Askew as Chairman and Non-Executive Director
4/12/2011PMI Gold Corporation - Resignation of Director
9/15/2008New Board Appointments; Stock Option Announced
Project news of PMI Gold Corporation
2/6/2014Asanko Gold Inc. Completes Acquisition Of PMI Gold Corporati...
7/26/2013Targets Maiden Gold Resource for Dynamite Hill After Further...
7/19/2013(Obotan)Implements Multi-Pronged Strategy for Advancing the Obotan P...
6/6/2013Intersects High Grade Gold at Newly Discovered Dynamite Hill...
3/11/2013(Kubi)Regional Air Core Drilling Continues to Identify Anomalous G...
2/18/2013(Obotan)Obotan Project Update
9/26/2012(Obotan)to receive Mining Leases for Obotan Gold Project Another Imp...
9/26/2012(Obotan)to Receive Mining Leases for Obotan Gold Project
8/28/2012(Obotan)Obotan Gold Project Feasibility Study Demonstrates a Robust...
5/25/2011(Obotan)- Positive drilling results pave way for resource upgrade at...
5/4/2011PMI Gold Corporation - Extensive gold zones intersected in l...
3/2/2011(Obotan)DRILLING FLEET EXPANDED FOR AGGRESSIVE EXPLORATION PROGRAM -...
10/22/2009(Obotan)Retires Debt - Next Phase Kubi Drilling Commences - Obotan O...
9/9/2009(Kubi)New gold zone discovered at Kubi, Ghana
7/15/2009(Kubi)Change Of Control Approved By Shareholders Additional Drilli...
7/1/2009(Obotan)Updates Obotan Project, Ghana
9/23/2008(Kubi)Kubi License Area Increased In Ghana
6/3/2008(Kubi)Fiscal Agent Appointed for Kubi Gold Project Financing
4/10/2008Announces Positive Preliminary Assessment Scoping Study Resu...
8/29/2007Drills 44.5 Metres @ 2.61 G/T Au at Nkran, Ghana
Corporate news of PMI Gold Corporation
1/21/2014ISS and Glass Lewis Recommend Asanko and PMI Shareholders Vo...
1/7/2014Asanko and PMI Mail Joint Information Circular in Connection...
12/17/2013Asanko Gold To Acquire PMI To Create An Emerging Mid-Tier Go...
11/28/2013Announces Results of Annual and Special Meeting
10/24/2013Disclosure of CEO Remuneration
9/17/2013Announces Change of CEO
7/30/2013Quarter Activity Update for the period ended 30 June 2013
2/18/2013and Keegan Agree to Terminate Merger Plans
2/1/2013Quarter Activity Update - For the period ended 31 December 2...
1/24/2013And Keegan Mail Joint Information Circular In Connection Wit...
1/10/2013Anomalous Gold Intersected at PMI Gold's Diaso Prospect, Gh...
10/26/2012Quarter Activity Update for the Period Ended 30 September 20...
10/9/2012Announces "Overnight Marketed" Offering
9/26/2012Secures US$30m Standby Funding Facility Decision to Apply f...
9/19/2012(Obotan)Files National Instrument 43-101 Compliant Technical Report ...
4/30/2012(Obotan)Positive Drilling Results Show Potential for Fromenda Prospe...
4/19/2012(Obotan)New Discovery at Kaniago Strengthens Satellite Oxide Gold Po...
2/22/2012(Obotan)Announces Further Positive Resources Drill Results from its ...
10/14/2011(Obotan)- 270% Increase in Obotan Project Gold Resources, Ghana
5/10/2011PMI Gold appoints highly experienced geologist to lead aggre...
3/16/2010raises $7.5 m for Ghana gold work
12/11/2009 Warrant exercised / shares for debt issued
1/30/2009on Trafalgar capital Bridge Loan Facility
1/30/2009- updates Trafalgar bridge loan
1/5/2009- New Director Appointed/Debenture Shares Issued
11/20/2008- bridge loan extension-MacQuarrie returns as President
9/26/2008Kubi Mining Leases Extended For 20 Years
9/23/2008acquires two more concessions, Ghana
9/3/2008Private Placment Can$1,000,000 Closed; Private Investor Inc...
8/21/2008New Concession Acquired in Ghana
8/11/2008to raise $1 million privately
7/9/2008$3.5 Million Secured Loan Arranged Kubi Gold Project Purchas...
5/29/2008VTEM Survey Confirms New Drill Targets At Obotan
2/11/2008(audio) Korelin Daily Radio Inverview with Doug MacQuarrie
1/30/2008Option Of Bankame And Ofoase Concessions To Golden Lion Reso...
12/3/2007Golder Associates to Commence Kubi Gold Project Review
10/15/2007Acquires Nevsun's Kubi Gold Project, Ghana
9/17/2007to purchase Nevsun's Kubi Gold Project, Ghana
8/16/2007Acquires Rights to Purchase Edubia Lease, Ghana
1/13/2006(Obotan)ANALYSIS : Follow up N° 7
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TSX-V (PMV.V)AUSTRALIA (PVM.AX)
0.830+0.00%0.3650
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CA$ 0.830
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Year l/h YTD var.
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52 week l/h 52 week var.
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0 -%
24hGold TrendPower© : -27
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