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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, the cradle of civilization, is also the host of some of the world’s oldest and richest gold mines.
Ngwenya Mountain hosts Swaziland, which is believed to be the world’s oldest mine, where early man mined hematite and specularite over 42,000 years ago.
PMI Gold properties are all located in Ghana, the Golden Triangle, an area southwest of Ghana combined current reserves and historical gold production of 170 million ounces. Gold has been mined for more than 1000 years in Ghana, AngloGold Ashanti Obuasi mine, and the well-known have had 110 years of continuous production.
PMI Gold now interests in 14 concessions in Ghana and the Ashanti Gold Belt Asankrangwa, a total of 669 square kilometers.
In November 2006, PMI Gold bought 89 square kilometers and Abirem ABOR benefits – a standard for the activities of the former Obotan Mine Mining Perth – from the Government of Ghana to cover. Decisive Mining bunged in 2002 after a total of 730,000 ounces of gold production costs, mined 590,000 ounces at following 2 g / t gold and the pit Nkran further 140,000 ounces of cumulative Adubiaso ABOR and quarries. The price of gold, it is less than $ 320 per small amount, was made for other known ore wasteful for further enhancement.
Before the completion of mining pit Nkran Decisive out extensive studies on the feasibility of continuing mining of the underground mineralization below the well. Modeling completed € 350 gold price suggested excellent potential to make a land operation.
PMI Gold believes that the purpose of the examine 1-2000000 third ounces of gold grading 0-6. 0 g / t below the Nkran pit based on previous deep drilling results and projections to 400 m below the deepest intersection.
Decisive previously completed internal studies concerning underground mining scenarios alongside their surface. Preliminary studies were based on 58 drill holes which intersected third 0 g / t gold mineralized material below the hole.
Other results of these studies show that:
• included in the higher grades of lower quality envelopes and dilution is not critical;
• high-quality screen fire assay retests conducted a significant coarse gold component of the intersections of high-grade zones, which can not be showed in the current database;
• metallurgical test work on drill core composites from the pit back to the 96th Payments 6% of the leached concentrator tails with 75% of the reported gold gravity path, and a database of properties can be significantly bringing high-grade and metallurgical testing Lodes Leach returned to 52% improvement in the preliminary examination, the 50 gram gold fire assays;
• Modeling shows that the majority of high-excellent vertical continuity of mineralization structures horizontally and vertically;
• Western Zone, also known as Galamsey Reef will remain open in southern and depth.
Two major near vertical gold bearing structures have been partially described in previous drilling – called West and East High Lodes. Most of the diamond core drilling deep under the southern end of the pit-oriented Lodes.
Using a cut from the top 30th assays. 0 g / t gold and treasures of right widths up to 55% of the mineralized intersection lengths of 30 drill intersections are less than half the wells at 22 5 grams of gold per metric tonne.
These intersections are shown the average right width of the fourth 40 meters and with a weighted average gold grade 10th 02 g / t gold. The deepest intersection crash was the eighth Width of 80 meters grading 8th 15 g / t gold and is located 326 meters below the pit.
$ 600 per small amount of gold, a historic, non 43-101 data corresponding to the proper enhancement of a focused, compelling logic, and this is just so what is happening on the ground.
According to company CEO Douglas Macquarrie, “Gold mineralization is plotted depth of 425 meters below the pit with right widths in the range of 20-45 meters. The bulk mineralized zone has a significant high-grade drill intersections including the 7th 0 to 12 meters in the 28th g / t au, and 8 0 m 10 00 g / t AU 5th. 0 m 23 00 g / t AU and 4, 0m, 10 00 g / t au. feasibility of this zone in bulk or selective mining, drilling of bonus evidence required, preferably underground drill stations, as suggested by UN Secretary-General in its recent draft crash on the Global examine Nkran mineralization. ”
Highlights from the drill results announced last week, 44th 5 m 2 61 g / t gold hole NK07-001 which veteran the dip extension of the Nkran pit orebody 330 m below the lowest pre-pit mined and the following 8th of 7 m 91 g / t gold NK07-005 Collar 170 m south of the southern end of the pit.
And if there is suspicion of possibilities “elephant memory” mean orebody at Obotan, consider this:
If you have a circle with a radius of 120 km to withdraw from the focal point of the Obotan concession, it would embed the neighborhood of 80 million ounces of yet un-mined gold, with the payment of the measurement of more than 10 million ounces of gold and the AngloGold Ashanti mine, which also contains the estimated 25 million ounces of gold and is currently rehabilitation of the mining industry to allow more than 3 km deep! Newmont, Gold Fields, Gold Star, and Redback have any operating mines and juniors in the Central African Gold (Bibiana) is Keegan (Pied) and Perseus (Ayanfuri) mark out all of the ore bodies in the small-term production.
This article is for informational purposes only and should not be interpreted as a recommendation to buy shares in a company. Although the author has made efforts to verify the information contained, the accuracy is not cast iron. As always, it is recommended that you yourself bounty of time to complete its due diligence before buying shares in listed companies. Fee paid for the creation and distribution of this article.
Article Source:How To Invest In Gold And Silver
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