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2010
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We continue to explore Kubi to find new high grade ore shoots to add to the already defined 604,085 ounce indicated gold resource at the Kubi Main zone which was the subject of a NI 43-101 assessment by Golder Associates Ltd.
At the Nkran deposit at Obotan, drilling has confirmed the presence of magnetic pyrite which is intimately associated with gold mineralization. This suggests that magnetic susceptibility high anomalies at the intersection of favourable structural breaks may represent yet undiscovered gold mineralization and will be high priority exploration targets.
Douglas MacQuarrie,
President & CEO
August 2010
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| | Mon Nov 2, 2009
PMI Gold Appoints Clarke as Executive Director
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| | PMI Gold Corp. is appointing Dr. John Clarke as an executive director of PMI Gold Corp., effective immediately.
Dr. Clarke holds a BSc in metallurgy from University College Cardiff, a PhD in metallurgy from Cambridge University and an MBA from Middlesex Polytechnic. During his long career involved in African mining, he has held a number of executive positions including executive director of Ashanti Goldfields and most recently was the chief executive officer of Nevsun Resources Ltd., an exploration and development company engaged in gold and base metals exploration and development in Africa.
While at Ashanti, Dr. Clarke was responsible for strategic planning and business development and contributed to establishing Ashanti's gold exploration program throughout sub-Saharan Africa, including the acquisition of the Geita deposit in Tanzania, the Siguiri deposit in Guinea and the Bibiani deposit in Ghana.
At Nevsun, Dr. Clarke was responsible for the commissioning of its first mine in a remote and logistically difficult part of Mali, and the exploration and resource definition and major project planning in Eritrea with respect to its Bisha mine, now under final construction. In addition he was responsible for leasing the Kubi gold project, now owned by PMI Gold, to AngloGold Ashanti for a surface mining operation. Dr. Clarke is also a director of several other Africa-based exploration and development companies, which affords him an excellent "continent-wide" African outlook.
Dr. Clarke on his appointment stated: "I look forward to assisting PMI Gold to further explore, finance and move its significant gold assets in Ghana to production. In particular -- I am truly excited about the prospects for underground development at Kubi -- a potential selective mining project to be developed along the lines of so many mines previously developed in Canada that started small but grew significantly over time from their own cash flow. This is a model which holds great upside in Africa -- for high grades, high margins and low environmental impact."
The company has granted, subject to regulatory approval, five-year incentive stock options expiring on Oct. 28, 2014, to purchase a total of one million common shares of the company, at a price of 20 cents per share to a director.
We seek Safe Harbor. |
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