PMI Gold is pleased to announce that it has entered into a committed letter offer for a US$30 million standby funding facility from Macquarie Bank Limited while it completes the full funding package for development of its flagship 100%-owned Obotan Gold Project in Ghana. While PMI remains in a strong financial position with $30 million in cash at [...]
PMI is pleased to announce that the Minerals Commission of Ghana has favorably recommended that the Minister of Lands and Natural Resources grant Mining Leases covering its flagship 100%-owned Obotan Gold Project in south-west Ghana. PMI has subsequently paid the required fees. The applications will now be sent to the Minister for signature. This [...]
PMI Gold is pleased to announce that it has filed on SEDAR the NI 43-101 compliant technical report on the Obotan Project outlining the mineral resources and reserves estimate and the result of a Feasibility Study. This report relates to PMI's announcement titled "Obotan Gold Project Feasibility Study Demonstrates a Robust, Viable Project, Poised [...]
PMI Gold is pleased to report positive results from the independent NI 43-101 Feasibility Study on its flagship 100%-owned Obotan Gold Project in Ghana, through its wholly-owned subsidiary Adansi Gold Company Ghana. The Feasibility Study has outlined a strong and viable gold project based on a gold price of $1300/ounce that will form the [...]
Key Points: Diamond drilling intersects significant gold mineralization at the Kubi South Prospect, located 1.5km south of the Kubi Main Deposit at PMI Gold's Kubi Project within the Ashanti Gold Belt. The Kubi Project is located on the north-east trending Ashanti Shear Zone which hosts AngloGold Ashanti's world-class Obuasi Gold Mine (pre-mined [...]
Key Points:First phase of drilling has now been completed at the Fromenda Prospect, located 15km south-west of PMI Gold's Obotan Project, intersects further high grade gold mineralization of up to 38.18g/t Au.A total of 68 RC drill holes have been drilled for 6,775m. Assay results from the remaining 55 holes have now been received.The Fromenda [...]
PMI Gold is pleased to advise that its 100%-owned subsidiary, Adansi Gold Company, will now proceed to complete the proposed acquisition of a highly strategic Datano Mining Lease located adjacent to its flagship Obotan Gold Project in south-west Ghana after receiving Government approval for the transaction. PMI announced last month that Adansi had [...]
Obotan Feasibility Study on target for completion in September 2012 Quarter. Updated resource estimate confirms the size and integrity of the gold deposits, particularly the large Nkran Deposit, underpinning the Obotan Gold Project. Measured Resources: 15.57Mt at 2.47g/t for 1.23 million ounces. Indicated Resources: 29.21Mt at 2.00g/t for 1.88 [...]
PMI Gold Corporation is pleased to announce drilling has been completed and all assay results returned from its first pass Aircore exploration drilling program at the Afiefiso Prospect (Figure 1), a high priority target identified and tested in the Company's +100,000m regional exploration push undertaken during the half year to June 2012. The [...]
PMI Gold has engaged Optimum Capital to assist PMI identify and secure appropriate finance for development of the Obotan Gold Project. Optimum Capital is a well-known and independent advisory house based in Australia that focuses on the mid-tier mining sector. Optimum Capital's team provides commercial, financial and technical skills and experience [...]
PMI Gold is pleased to announce that its 100% wholly-owned subsidiary, Adansi Gold Company has entered into an agreement with Midras Mining Company to acquire the Datano Mining Lease which sits contiguous to the Company's flagship Obotan Gold Project in south-west Ghana. The Midras concession covers an area of 50km2 and sits strategically south of [...]
PMI is pleased to announce the final assay results from its first pass Aircore exploration drilling program at the Kaniago Prospect have confirmed and extended previously reported gold anomalies. The Kaniago Prospect, a recent discovery by PMI, is strategically located within a 15km area of influence immediately west of the Company's flagship [...]