PMI Gold Announces Positive Results At Fromenda Prospect

PMI Gold Corporation (TSXV:PMV) announced positive results from the first phase drilling program at the Fromenda Prospect in Ghana.

As quoted in the report:

Key Points:

• First phase of drilling has now been completed at the Fromenda Prospect, located 15km south-west of PMI Gold’s Obotan Project, intersects further high grade gold mineralization of up to 38.18g/t Au.
• A total of 68 RC drill holes have been drilled for 6,775m. Assay results from the remaining 55 holes have now been received.
• The Fromenda Prospect lies within the Asankrangwa Gold Belt and sits on the prospective regional, north-east trending Fromenda Shear, which is parallel to the regional Nkran Shear to the west, at the intersection with favourable east-northeast trending cross-cutting structures.
• Significant results received include (true width is 60-70% of the downhole intersection lengths):
• 26m @ 1.74g/t Au from 82m
• 40m @ 2.06g/t Au from 55m
• 17m @ 4.28g/t Au from 4m (including 3m @ 15.58g/t Au from 12m)
• Results further confirm the occurrence of a gold system over a strike extent in excess of 500m, which remains open down-dip.

PMI Gold’s Managing Director and CEO, Mr Collin Ellison, commented:

Further high grade values and broad intercepts received from the Fromenda Prospect confirm this area as a high priority target. Geological interpretations and modelling are ongoing to gain a greater understanding of the structural controls on mineralization and enable optimal planning of further drilling planned for later in the year.

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