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PMI Gold drills 72 m of 4.25 g/t gold at Obotan

2012-02-21 16:06 ET - News Release


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Mr. Collin Ellison reports

PMI GOLD ANNOUNCES FURTHER POSITIVE RESOURCES DRILL RESULTS FROM ITS FLAGSHIP OBOTAN GOLD PROJECT

PMI Gold Corp. is providing further assays from resource drilling at its 100-per-cent-owned Obotan gold project in Ghana, West Africa. The results from 46 diamond drill holes representing 6,395 samples from 11,843 metres of drilling have been received. These results are from all four deposits in the Obotan gold project. All drill holes were designed to test the downdip extension of mineralization on the four deposits (Nkran, Adubiaso, Abore and Asuadai) in the Obotan gold project. The results continue to reinforce the resource estimate and block models for the various deposits, and continue to support the potential of the project.

These results will be included in a new resource estimate due in the March quarter of 2012 for the definitive feasibility study. The definitive feasibility study is targeting completion by June, 2012.