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Pmi Gold Corp (tsx.v:pmv): Smack Dab in the Middle of Elephant Country

PMI Gold Corp (TSX.V:PMV)

Smack Dab in the Middle of Elephant Country

By Darryl Kelley

Africa, besides being the cradle of civilization, is also host to some of the world’s oldest and richest gold mines.

Ngwenya Mountain in Swaziland hosts what is believed to be the world’s oldest mine, where early man mined hematite and specularite over 42,000 years ago.

PMI Gold's properties are all located in Ghana's Golden Triangle, an area in southwest Ghana with combined current reserves and historical gold production of 170 million ounces. Gold has been mined in Ghana for over 1000 years, and the famous AngloGold Ashanti Obuasi mine has been in continuous production for 110 years.

PMI Gold now has interests in 14 concessions in Ghana on the Asankrangwa and Ashanti Gold Belts, for a total of 669 square kilometers.

In November 2006, PMI Gold acquired the 89 square kilometre Abirem and Abore concessions - which cover the former Obotan Mine operations of Resolute Mining of Perth – from the Ghanaian government. Resolute ceased mining in 2002 after a total of 730,000 ounces of gold were produced, with 590,000 ounces mined at 2.2 g/t gold from the Nkran pit, and a further cumulative 140,000 ounces from the Adubiaso and Abore pits. The price of gold, at then less than $320 per ounce, had rendered the remaining known ore body uneconomical for further development.

Prior to completing the mining at the Nkran pit, Resolute conducted extensive studies on the feasibility of continuing mining from underground mineralization beneath the pit. Modeling completed with a US$350 gold price suggested good potential for establishing an underground operation.

PMI Gold believes there is an exploration target of one to two million ounces of gold grading from 3.0 to 6.0 g/t below the Nkran pit based on previous deep drilling results and projections to 400 m below the deepest intersection.

Resolute had previously completed internal studies concerning underground mining scenarios to co-exist with their surface mining. These preliminary studies were based on 58 drill holes which intersected +3.0 g/t gold mineralized material below the level of the pit.

Other results from these studies indicate that:

• higher grades are contained within lower grade envelopes and dilution won't be critical;

• screen fire assay retests conducted on high grade intersections indicate a significant coarse gold component to the high grade zones which may not be reflected in the current assay database;

• metallurgical test work on drill core composites from beneath the pit indicated recoveries of +96.6% on leached concentrator tails with +75% of the gold reporting to the gravity circuit; and that the assay database may be significantly under calling the grades of the high grade lodes as the metallurgical leach tests returned a 52% upgrade over the original screened 50 gram gold fire assays;

• modeling suggests that the majority of the high grade mineralization is within structures which are vertical with good continuity horizontally and vertically;

• the Western zone, also referred to as the Galamsey Reef, remains open to the south and at depth.

Two major near vertical gold bearing structures have been partially outlined by the previous drilling - called the Western and Eastern high-grade lodes. Most of the deep diamond core drilling targeted these lodes under the south end of the pit.

Using a top assay cut of 30.0 g/t gold and estimating true widths to be 55% of the mineralized intersection lengths, 30 drill intersections beneath the level of the pit exceed 22.5 gram gold per tonne metres.

These intersections have an average indicated true width of 4.40 metres and weighted average gold grade of 10.02 g/t gold. The deepest down plunge intersection was 8.80 metres true width, grading 8.15 g/t gold, and located 326 metres below the pit.

With gold above $600 per ounce, this historic, non-43-101 compliant data certainly lends itself to the compelling logic of focused development, and that is precisely what is underway at the site.

According to company CEO Douglas MacQuarrie, “Gold mineralization has been outlined to a depth of 425 metres below the pit with true widths varying from 20 to 45 metres. Within this bulk mineralized zone there are significant high grade drill intersections including 7.0 metres of 12.28 g/t Au; 8.0 metres of 10.00 g/t Au; 5.0 metres of 23.00 g/t Au; and 4.0m of 10.00 g/t Au. In order to prove the viability of this zone for bulk or selective mining, further detailed drilling will be required, preferably from underground drill stations as suggested by RSG Global in their recent concept study report on the Nkran mineralization.â€

Highlights from the drill results announced last week include 44.5 m of 2.61 g/t gold in hole NK07-001 which tested the down dip extension of the Nkran pit orebody 330 m below the base of the previously mined pit; and 2.7 m of 8.91 g/t gold in NK07-005 collared 170 m to the south of the southern end of the pit.

And if there is any doubt as to the potential for an ‘elephantine’ sized orebody at Obotan, consider this:

If you were to draw a circle 120 km in radius from the center of the Obotan concession, it would enclose in the neighborhood of 80 million ounces of as yet un-mined gold, with one deposit measuring in excess of 10 million ounces gold, and the AngloGold Ashanti mine, which still contains an estimated 25 million ounces of gold and is currently under rehabilitation to permit mining to over 3 km in depth! Newmont, Goldfields, GoldenStar, and RedBack all have operating mines and juniors Central African Gold (Bibiani), Keegan (Bonte) and Perseus (Ayanfuri) are all defining orebodies for near term production.

This article is intended for informational purposes only and should not be considered as a recommendation to buy stock in any company. Although the author has made efforts to verify the information contained herein, the accuracy of all the information cannot be guaranteed. As always, it is recommended that you commit considerable time to completing your due diligence before buying stocks in publicly traded companies. A fee has been paid for the creation and distribution of this article.

About the Author

Wii Sports Tennis Training :: Target Practice :: Gold Metal

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5 Black Widow Plain Blk Sz 10 RH - 5 Black Widow Leather Holster $46.53 The Bianchi Model 5Black Widow Belt Slide Holster is worn on the hip and offers an ultra hi-ride carry and thumb snap closure. The dual belt slots provide superior stability and its open muzzle design offers pistols of the same model with different barrel lengths. Its compact profile offers and widely spaced belt slots allow the pistol to ride close to the body for both comfort and concealability. Compact profile provides excellent concealability. Dual belt slots for superior stability. Ultra high ride for comfort and concealability. Double stitched for strength and durability. Open muzzle design allows various barrel lengths. Fits 1.75 (45mm) belt slots. Hand: Right Hand. Color: Black. Material: Leather. Barrel Length: 3-5 . Fit:. Browning Hi-Power. Colt Commander Delta Elite Gold Cup Government Officers ACP. Detonics Combat Master 45. Kimber Custom 2 Custom target 2. Llama IXA. Para Ordnance P12 P13 P14 P16. Springfild 1911-A1. Star AS.

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An Insider's Guide to the Mining Sector: An In-Depth Study of Gold and Mining Shares $34 The prospect of instant riches gives the mining sector an obvious glamour. And when the mining sector begins to run it can be an awesome sight and the excitement generated can be every bit as seductive and heady as that which enveloped markets during the internet boom. But due to the counter-cyclical nature of many mining stocks, they can also offer a valuable refuge when stock markets turn down. In this book, Michael Coulson gives a masterly overview of the sector, explains both the rewards and the pitfalls of investing in mining shares and argues convincingly that mining should once again form a core sector for all investors. The book is for anyone interested in mining, and particularly mining as an investment. Whilst it contains material which will be useful to even experienced followers of the sector, its main target is those who are interested in mining but perhaps not particularly familiar with the sector, and would like to know more. All the subjects are covered that are funda

Annie Oakley-Annie Oakley 04 $7.98 In four action-packed episodes of the popular wild-west adventure series, thrilling sagas of legendary sharpshooter Annie Oakley (Gail Davis) unfold in the dusty town of Diablo. Chasing outlaws from the saddle of her trusty horse, Target, Annie keeps law and order with Deputy Sheriff Lofty Craig (Brad Johnson) at her side. Helping them is Annie's younger brother Tagg, always eager to solve the town's exciting mysteries of suspense. A fictional account of the life of the famous star of Buffalo Bill Cody's Wild West Show, these episodes amazed audiences with Annie's fast and fancy shooting and breathtaking horse riding stunts.Annie Meets Some Tenderfeet: Annie and Lofty foil the stagecoach holdup of a banker, but the bandits quickly devise another plan to rob him. Annie suspects their thuggery when a dead body suddenly shows up in an abandoned gold mine.Sharp Shooting Annie: Annie's traveling show raises thousands of dollars for charity, but a mysterious caped man steals the money during a roadside heist. Annie's amazing skills help her decipher a baffling clue to expose him.The Tomboy: Traveling by stagecoach on her way into town, Lofty's tomboy niece is robbed at gunpoint by masked bandits. Days later while playing with Tagg she recognizes the outlaws, putting both youths in grave danger.Sure Shot Annie: A pretty newcomer with larceny on her mind charms Lofty before she and an accomplice rob the local bank. The coming pair's getaway is abruptly thwarted when Annie finds some carelessly discarded evidence.

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BENCHMARK Women's Platinum & 18k Yellow Gold Milgrain Comfort-Fit Wedding Band (6.00 mm) $1663.64 You want only the best to mark your promise and pledge, so the purity of platinum and the grace of 18k yellow gold is right on target. The elegant look is complemented by milgrain edges. SKU# 137-1096

BENCHMARK Women's Platinum & 18k Yellow Gold Milgrain Comfort-Fit Wedding Band (6.00 mm) $1663.64 You want only the best to mark your promise and pledge, so the purity of platinum and the grace of 18k yellow gold is right on target. The elegant look is complemented by milgrain edges. SKU# 137-1096

BENCHMARK Women's Platinum & 18k Yellow Gold Milgrain Comfort-Fit Wedding Band (6.00 mm) $1663.64 You want only the best to mark your promise and pledge, so the purity of platinum and the grace of 18k yellow gold is right on target. The elegant look is complemented by milgrain edges. SKU# 137-1096

BENCHMARK Women's Platinum & 18k Yellow Gold Milgrain Comfort-Fit Wedding Band (6.00 mm) $1663.64 You want only the best to mark your promise and pledge, so the purity of platinum and the grace of 18k yellow gold is right on target. The elegant look is complemented by milgrain edges. SKU# 137-1096

BENCHMARK Women's Platinum & 18k Yellow Gold Milgrain Comfort-Fit Wedding Band (6.00 mm) $1663.64 You want only the best to mark your promise and pledge, so the purity of platinum and the grace of 18k yellow gold is right on target. The elegant look is complemented by milgrain edges. SKU# 137-1096

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Bianchi 19 Thumbsnap Plain Tan Left 13345 $47.64 Bianchi 19 Thumbsnap - Plain Tan, Left Hand 13345 on sale and available from our online store. OpticsPlanet, Inc is an Authorized US Distributor for Bianchi Holsters. Ideally angled for concealment or sporting carry, the Thumbsnap carries your handgun high and close to the body, features a wide belt loop for stability, and Bianchi no-drag Sight Channel. Note: The picture shown might differ from the actual product by color or finish Specifications for Bianchi 19 Thumbsnap - Plain Tan, Left Hand 13345:Category: Hip HolstersModel: Thumbsnap - SemiautosType: Left HandFinish/Color: Plain TanSize: 11Fits: BERETTA - 92/96F Centurion, 92F, 92FCM, 96FTAURUS - PT-92, PT-99Carry: Strongside Features of Bianchi 19 Thumbsnap - Plain Tan, Left Hand 13345:Wide belt loop provides stable carry Integral thumb snap enhances handgun retention High ride for maximum comfort and concealability Open muzzle 1.75 (45mm) belt slot Package Contents:19 Thumbsnap - Plain Tan, Left Hand Fits for Biahcni Model 19SizeGunFitsFinish / ColorRight HandPart No.Left HandPart No.11BERETTA92/96F Centurion, 92F, 92FCM, 96FPlain Tan133441334515BROWNINGHi-PowerPlain Tan176301763115COLTDelta Elite, Gold Cup, GovernmentPlain Tan176301763112GLOCK17, 22Plain Tan169541695513GLOCK19, 23Plain Tan169301693114GLOCK20, 21Plain Tan168941689510GLOCK26, 27Plain Tan188921889307GLOCK34, 35Plain Tan225602256118H&KUSP .40/.45Plain Tan182201822115KIMBERCustom II, Custom Target IIPlain Tan176301763115LLAMAIXAPlain Tan176301763115PARA ORDNANCEP14, P16Plain Tan176301763103RUGERP89, P90, P91Plain Tan157341573515S&W1911Plain Tan176301763106S&W3913, 3914, 6904/6906Plain Tan169181691901S&W411, 909, 910, 915, 3904/3906, 5904, 5924/5926 and similarPlain Tan155161551712S&WM&P .40Plain Tan169541695505SIGARMSP220, P225, P226Plain Tan145961459704SIGARMSP228, P229Plain Tan16942169434ARSIGARMSP229R*Plain Tan237002370102SIGARMSSP2009, SP2340, P2022Plain Tan225462254715SPRINGFIELD1911-A1Plain Tan176301763102

Bianchi 19 Thumbsnap Plain Tan Right 15516 $60.96 Bianchi 19 Thumbsnap - Plain Tan, Right Hand 15516 on sale and available from our online store. OpticsPlanet, Inc is an Authorized US Distributor for Bianchi Holsters. Ideally angled for concealment or sporting carry, the Thumbsnap carries your handgun high and close to the body, features a wide belt loop for stability, and Bianchi no-drag Sight Channel. Note: The picture shown might differ from the actual product by color or finish Specifications for Bianchi 19 Thumbsnap - Plain Tan, Right Hand 15516:Category: Hip HolstersModel: Thumbsnap - SemiautosType: Right HandFinish/Color: Plain TanSize: 01Fits: S&W - 411, 909, 910, 915, 3904/3906, 5904, 5924/5926 and similarCarry: Strongside Features of Bianchi 19 Thumbsnap - Plain Tan, Right Hand 15516:Wide belt loop provides stable carry Integral thumb snap enhances handgun retention High ride for maximum comfort and concealability Open muzzle 1.75 (45mm) belt slot Package Contents:19 Thumbsnap - Plain Tan, Right Hand Fits for Biahcni Model 19SizeGunFitsFinish / ColorRight HandPart No.Left HandPart No.11BERETTA92/96F Centurion, 92F, 92FCM, 96FPlain Tan133441334515BROWNINGHi-PowerPlain Tan176301763115COLTDelta Elite, Gold Cup, GovernmentPlain Tan176301763112GLOCK17, 22Plain Tan169541695513GLOCK19, 23Plain Tan169301693114GLOCK20, 21Plain Tan168941689510GLOCK26, 27Plain Tan188921889307GLOCK34, 35Plain Tan225602256118H&KUSP .40/.45Plain Tan182201822115KIMBERCustom II, Custom Target IIPlain Tan176301763115LLAMAIXAPlain Tan176301763115PARA ORDNANCEP14, P16Plain Tan176301763103RUGERP89, P90, P91Plain Tan157341573515S&W1911Plain Tan176301763106S&W3913, 3914, 6904/6906Plain Tan169181691901S&W411, 909, 910, 915, 3904/3906, 5904, 5924/5926 and similarPlain Tan155161551712S&WM&P .40Plain Tan169541695505SIGARMSP220, P225, P226Plain Tan145961459704SIGARMSP228, P229Plain Tan16942169434ARSIGARMSP229R*Plain Tan237002370102SIGARMSSP2009, SP2340, P2022Plain Tan225462254715SPRINGFIELD1911-A1Plain Tan1763017

Bianchi 19 Thumbsnap Plain Tan Right 16894 $60.96 Bianchi 19 Thumbsnap - Plain Tan, Right Hand 16894 on sale and available from our online store. OpticsPlanet, Inc is an Authorized US Distributor for Bianchi Holsters. Ideally angled for concealment or sporting carry, the Thumbsnap carries your handgun high and close to the body, features a wide belt loop for stability, and Bianchi no-drag Sight Channel. Note: The picture shown might differ from the actual product by color or finish Specifications for Bianchi 19 Thumbsnap - Plain Tan, Right Hand 16894:Category: Hip HolstersModel: Thumbsnap - SemiautosType: Right HandFinish/Color: Plain TanSize: 14Fits: GLOCK - 20, 21Carry: Strongside Features of Bianchi 19 Thumbsnap - Plain Tan, Right Hand 16894:Wide belt loop provides stable carry Integral thumb snap enhances handgun retention High ride for maximum comfort and concealability Open muzzle 1.75 (45mm) belt slot Package Contents:19 Thumbsnap - Plain Tan, Right Hand Fits for Biahcni Model 19SizeGunFitsFinish / ColorRight HandPart No.Left HandPart No.11BERETTA92/96F Centurion, 92F, 92FCM, 96FPlain Tan133441334515BROWNINGHi-PowerPlain Tan176301763115COLTDelta Elite, Gold Cup, GovernmentPlain Tan176301763112GLOCK17, 22Plain Tan169541695513GLOCK19, 23Plain Tan169301693114GLOCK20, 21Plain Tan168941689510GLOCK26, 27Plain Tan188921889307GLOCK34, 35Plain Tan225602256118H&KUSP .40/.45Plain Tan182201822115KIMBERCustom II, Custom Target IIPlain Tan176301763115LLAMAIXAPlain Tan176301763115PARA ORDNANCEP14, P16Plain Tan176301763103RUGERP89, P90, P91Plain Tan157341573515S&W1911Plain Tan176301763106S&W3913, 3914, 6904/6906Plain Tan169181691901S&W411, 909, 910, 915, 3904/3906, 5904, 5924/5926 and similarPlain Tan155161551712S&WM&P .40Plain Tan169541695505SIGARMSP220, P225, P226Plain Tan145961459704SIGARMSP228, P229Plain Tan16942169434ARSIGARMSP229R*Plain Tan237002370102SIGARMSSP2009, SP2340, P2022Plain Tan225462254715SPRINGFIELD1911-A1Plain Tan176301763102SPRINGFIELDXD-9, XD-40Plain Tan225462254711TA

Bianchi 19 Thumbsnap Plain Tan Right 16930 $47.99 Bianchi 19 Thumbsnap - Plain Tan, Right Hand 16930 on sale and available from our online store. OpticsPlanet, Inc is an Authorized US Distributor for Bianchi Holsters. Ideally angled for concealment or sporting carry, the Thumbsnap carries your handgun high and close to the body, features a wide belt loop for stability, and Bianchi no-drag Sight Channel. Note: The picture shown might differ from the actual product by color or finish Specifications for Bianchi 19 Thumbsnap - Plain Tan, Right Hand 16930:Category: Hip HolstersModel: Thumbsnap - SemiautosType: Right HandFinish/Color: Plain TanSize: 13Fits: GLOCK - 19, 23Carry: Strongside Features of Bianchi 19 Thumbsnap - Plain Tan, Right Hand 16930:Wide belt loop provides stable carry Integral thumb snap enhances handgun retention High ride for maximum comfort and concealability Open muzzle 1.75 (45mm) belt slot Package Contents:19 Thumbsnap - Plain Tan, Right Hand Fits for Biahcni Model 19SizeGunFitsFinish / ColorRight HandPart No.Left HandPart No.11BERETTA92/96F Centurion, 92F, 92FCM, 96FPlain Tan133441334515BROWNINGHi-PowerPlain Tan176301763115COLTDelta Elite, Gold Cup, GovernmentPlain Tan176301763112GLOCK17, 22Plain Tan169541695513GLOCK19, 23Plain Tan169301693114GLOCK20, 21Plain Tan168941689510GLOCK26, 27Plain Tan188921889307GLOCK34, 35Plain Tan225602256118H&KUSP .40/.45Plain Tan182201822115KIMBERCustom II, Custom Target IIPlain Tan176301763115LLAMAIXAPlain Tan176301763115PARA ORDNANCEP14, P16Plain Tan176301763103RUGERP89, P90, P91Plain Tan157341573515S&W1911Plain Tan176301763106S&W3913, 3914, 6904/6906Plain Tan169181691901S&W411, 909, 910, 915, 3904/3906, 5904, 5924/5926 and similarPlain Tan155161551712S&WM&P .40Plain Tan169541695505SIGARMSP220, P225, P226Plain Tan145961459704SIGARMSP228, P229Plain Tan16942169434ARSIGARMSP229R*Plain Tan237002370102SIGARMSSP2009, SP2340, P2022Plain Tan225462254715SPRINGFIELD1911-A1Plain Tan176301763102SPRINGFIELDXD-9, XD-40Plain Tan225462254711TA

Bianchi 19 Thumbsnap Plain Tan Right 16942 $60.96 Bianchi 19 Thumbsnap - Plain Tan, Right Hand 16942 on sale and available from our online store. OpticsPlanet, Inc is an Authorized US Distributor for Bianchi Holsters. Ideally angled for concealment or sporting carry, the Thumbsnap carries your handgun high and close to the body, features a wide belt loop for stability, and Bianchi no-drag Sight Channel. Note: The picture shown might differ from the actual product by color or finish Specifications for Bianchi 19 Thumbsnap - Plain Tan, Right Hand 16942:Category: Hip HolstersModel: Thumbsnap - SemiautosType: Right HandFinish/Color: Plain TanSize: 04Fits: SIGARMS - P228, P229Carry: Strongside Features of Bianchi 19 Thumbsnap - Plain Tan, Right Hand 16942:Wide belt loop provides stable carry Integral thumb snap enhances handgun retention High ride for maximum comfort and concealability Open muzzle 1.75 (45mm) belt slot Package Contents:19 Thumbsnap - Plain Tan, Right Hand Fits for Biahcni Model 19SizeGunFitsFinish / ColorRight HandPart No.Left HandPart No.11BERETTA92/96F Centurion, 92F, 92FCM, 96FPlain Tan133441334515BROWNINGHi-PowerPlain Tan176301763115COLTDelta Elite, Gold Cup, GovernmentPlain Tan176301763112GLOCK17, 22Plain Tan169541695513GLOCK19, 23Plain Tan169301693114GLOCK20, 21Plain Tan168941689510GLOCK26, 27Plain Tan188921889307GLOCK34, 35Plain Tan225602256118H&KUSP .40/.45Plain Tan182201822115KIMBERCustom II, Custom Target IIPlain Tan176301763115LLAMAIXAPlain Tan176301763115PARA ORDNANCEP14, P16Plain Tan176301763103RUGERP89, P90, P91Plain Tan157341573515S&W1911Plain Tan176301763106S&W3913, 3914, 6904/6906Plain Tan169181691901S&W411, 909, 910, 915, 3904/3906, 5904, 5924/5926 and similarPlain Tan155161551712S&WM&P .40Plain Tan169541695505SIGARMSP220, P225, P226Plain Tan145961459704SIGARMSP228, P229Plain Tan16942169434ARSIGARMSP229R*Plain Tan237002370102SIGARMSSP2009, SP2340, P2022Plain Tan225462254715SPRINGFIELD1911-A1Plain Tan176301763102SPRINGFIELDXD-9, XD-40Plain Tan22546225