Douglas MacQuarrie, President, stated: "Based on an estimated mine production of 220,000 oz of gold per year, the 1% NSR royalty interest would represent 2,200 oz of gold and projected annual revenue of $3.74 million @ US$1700 per oz gold price. The acquisition of the Obotan royalty provides Asante with a solid asset base and near term cash ...
In 2006 PMI acquired the Kubi Gold project from Nevsun Resources, and in 2007 acquired the former Resolute Nkran (Obotan) mine property after the pit had been mined out. By 2009 deep drilling under the old pit encountered strong gold mineralization and by 2011 some 5 million ounces of resources… PMI Gold Corporation was a shell company in 2002.
PMI Gold's Obotan project, in Ghana, is the near-term production opportunity capturing market attention and the first of three emerging mining centres the company is developing as it goes about becoming a significant West African gold producer.
pmi gold corporation - this news release is intended for distribution in canada and australia only and is not authorized for distribution to united states newswire services or for dissemination in the.....
Vancouver's PMI Gold has a new COO, Michael Gloyne. He is a mining engineer with over 25 years' experience in mine development. The company's flagship operations is the Obotan gold project in Ghana. To further the Strange Lake B zone rare earth development, ...
PMI Gold Corp. Secures Grant of Mining Leases for Obotan Gold Project PMI is pleased to announce that the Mining Leases covering its flagship -owned Obotan Gold Project in south-west Ghana ...
Asante Gold Corp (CVE:ASE) has updated shareholders Thursday with respect to the previously announced acquisition of a 1 percent net smelter return...
West Africa's largest gold mine, the Obotan Project, will be constructed early next year, with first production and ramp-up to full production in the first half of 2015.. The $300 million project by the Western Australian company, PMI Gold, made the announcement on the final day of the three day 2013 Paydirt Africa Down Under conference, taking place in Perth, Australia.
GHANA: 270% increase in Obotan gold project. Mining Africa, Africa ... PMI Gold has undertaken an independent estimation of the mineral resources for the four …
PMI also holds 2 mining leases and 2 concessions within the Ashanti Gold Belt which comprises the advanced exploration Kubi Gold Project. The Obotan Gold Project (Measured Resources of 15.57Mt grading 2.47g/t Au for 1.23Moz; Indicated Resources of 29.21Mt grading 2.00g/t Au for 1.88Moz; and Inferred Resources of 21.91Mt grading 1.99g/t Au for 1 ...
PMI Gold Corporation. Jan 2011 - Oct 20132 years 10 months. Australia & Canada. TSX/ASX listed resource company. Primary objectives was the development of the Obotan Gold Project in Ghana, West Africa and multiple exploration assets. A bankable feasibility study was completed for the Obotan Project based on a 3.0M tpa mining & CIL processing ...
590,000oz of Resolute's total production was from the Nkran pit with no mining from the Asuadai deposit (Figure 2). Since acquiring the Obotan Project, PMI Gold has completed resource extension, confirmation 225 and infill diamond drill holes for - 59,084 metres of …
Approval of the Obotan Mining Leases from the Minister of Lands and Natural Resources of Ghana; ... Commenting on the progress achieved on the Obotan Project, PMI…
PMI Gold Corporation is an international gold company which is focused on developing a substantial West African gold business spanning three strategic project areas in south-west Ghana - in the heart of one of the world's most prolific gold producing regions.
PMI Gold Corp.: Obotan Gold Project Feasibility Study Demonstrates a Robust, Viable Project, Poised for Development PMI Gold is pleased to report positive results from the independent NI 43-101 ...
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.
PMI Gold's Obotan, Kubi, and Asankrangwa properties in the past twelve ... Mining Outlook-Ghana PMI Gold Corp. has a strategy of acquiring former open pit gold producers in Ghana and
Lease with the Obotan Gold Project PMI Gold Corporation (TSX-V: PMV) (ASX: PVM) is pleased to announce that its wholly-owned subsidiary, Adansi Gold Company (Ghana) Limited ("Adansi") has entered into an agreement with Midras Mining Company Ltd ("Midras") to acquire the Datano Mining Lease which sits contiguous to the
PMI has a strong portfolio of assets in Ghana, with a dominant 70km contiguous landholding in the Asankrangwa Gold Belt with interests in 9 concessions which comprises the owned Obotan Gold Project and the owned Asanko Regional Exploration Project.
Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an exclusive interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some immediate smart investments in Ghana, Mali, Liberia and the Democratic Republic of the Congo.
PMI Golds Obotan project on schedule Feb 19, 2013 | News In light of the termination of its merger with Keegan Resources, PMI Gold has announced an update on its Obotan project development in Ghana, noting that substantial progress had been made over the past months.
The Obotan Gold Project consists of four separate gold deposits in North West Ghana. In 2011 PMI have requested that ORELOGY undertake a review of the mine planning component of the pre-feasibility study. During 2012 ORELOGY was commissioned by PMI Gold Corporation (PMI) to undertake the mining engineering components of the Definitive ...
The report highlights the Obotan gold project, recent acquisitions and updates to PMI's financing. PMI Gold Corporation: quarter activity update for the period ended 30 June 2012 - MINING…
PMI currently holds a mining license over the Obotan project so it can start construction works as soon as it concludes the necessary financing. The mining leases cover a surface area of in …
PMI Gold Corporation: agreement to purchase contiguous mining lease with the Obotan gold project Marketwire - Mining and Metals | July 9, 2012 | 4:23 pm Precious Metals Africa Gold
PMI Gold Corporation ("PMI" or "the Company") is pleased to report positive results from the independent NI 43-101 Feasibility Study on its flagship -owned Obotan Gold Project in …
PMI managing director Collin Ellison said the study clearly demonstrated the potential to develop a long-term mining operation at Obotan. "We are currently continuing detailed design and engineering work, as well as assessing options to optimise capital and operating costs while we continue discussions with potential project financiers," Mr ...
West Africa's largest gold mine, the Obotan Project, will be constructed early next year, with first production and ramp-up to full production in the first half of 2015. ... PMI Gold, made the... Read More. 3SMedia | Feb 19, 2013. ... If you missed this week's Mining News in 90 Seconds, don't worry. Watch below and remain up to date with top ...
Subsequent to the Quarter end, PMI entered into an agreement with Midras Mining Company Ltd to acquire the Datano Mining Lease which is contiguous with the southern boundary of PMI's Obotan Gold Project, infilling a major gap in PMI's …
PMI was able to procure Obotan's mining lease shortly after completing the feasibility study. And in 2013 it continued to explore the project while performing pre-development work in preparation for a mine build. The critical component of this build was financing, which is no easy feat in these crummy gold markets.
The Obotan Project was previously operated by Resolute Mining Ltd; mining ceased in 2002 after producing a total of 730,000oz at an average …