UPDATE: PMI Gold Corporation Provides Ghana Update; Shares Down 3%

By Midnight Trader,  April 12, 2012, 10:09:35 AM EDT

PMI Gold Corporation (PMV.V), which slid nearly 3% on Wednesday, announced that it has taken another significant step towards the imminent completion of the Feasibility Study on its Obotan Gold Project in Ghana with an updated resource estimate confirming the integrity of the gold inventory underpinning the Project.

The revised resource calculation took into account a further 28,835m of drilling. The drilling was predominantly infill, as well as some extensional drilling on all four (Nkran, Adubiaso, Abore and Asuadai) Obotan deposits.

More than 214,000 shares have changed hands.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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