PMI Gold Corporation - New gold zone discovered at Kubi



    
    /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO
    U.S. NEWS AGENCIES/

    TSX Venture Exchange: PMV
    US PMVGF.PK
    Frankfurt/Berlin: AOJMW7
    Issued & Outstanding: 148,989,570
    Fully Diluted: 223,756,033
    

    VANCOUVER, Sept. 9 /CNW/ - PMI Gold Corporation (TSX/V:PMV) - the Company
is pleased to announce that a new gold mineralized garnet zone has been
intersected in recent drilling at our Kubi Gold Project in Ghana.
    Gold mineralization was noted in hole KV-09-513 from 69.0m to 75.8m. Best
assays were 2.57 g/t Au over a core length of 1.75m at a depth of 72.0m,
within mineralized garnet zone assaying 1.07 g/t Au over it's full 6.8m
length. True widths are estimated at 70% to 80% of the indicated core lengths.
    The Kubi Main Deposit, which the Company is currently sourcing funding to
develop as a contract mining and custom milling underground operation
(NI43-101 resource: 604,085 oz Indicated; 316,079 oz Inferred - see
http://www.pmigoldcorp.com/i/pdf/Kubi_Preliminary_Assessment_May08.pdf ), is
located 1.2 km to the east of the new discovery, and is also hosted in garnet
zone which occurs as distinct stratigraphic units within the host Birimian
meta phyllites and tuffs. Where best mineralized, the garnet zone has up to
20% sulfide mineralization, is cut by late quartz stringers and is strongly
silicified.
    Ground geophysical surveys have been completed with favourable EM, high
IP and Resistivity responses for several hundred metres to the south of the
KV-09-513 intersection. Further drilling to test the extensions of this zone
and to continue testing other ground and airborne EM conductors is planned on
closing of the private placement fund raising announced on August 25, 2009.
    The second phase of our 2009 exploration drilling program at Kubi
consisted of a 903 metre, 8 hole program. Drill holes KV-09-509, 510, 511, 512
and 515 were step outs following up on anomalous gold results from the Phase 1
program; and drill holes 513, 514 and 516 were 'wildcat' holes testing
additional ground and airborne EM conductors. Other than as reported above,
there were no other significant assays.

    
    Table 1 - Kubi 2009 Phase 2 Drill Collar co-ordinates:

    HOLEID    GRIDE   GRIDN   WGS84E   WGS84N   AZIMUTH   DIP   DEPTH M
    ------    -----   -----   ------   ------   -------   ---   -------
    KV09-509   2646    4789   639218   664003       110   -45    106.68
    KV09-510   2646    4789   639218   664003       290   -65    134.72
    KV09-511   2638    4725   639187   663951       290   -50    112.17
    KV09-512   2619    4640   639169   663913       290   -50     79.25
    KV09-513   2912    4000   639351   663534       290   -50     84.13
    KV09-514   2200    5000   638855   664282       290   -50    111.25
    KV09-515   1070    1300   636540   661266       290   -45    104.24
    KV09-516   1719    1502   637220   661239       290   -45    170.99
    

    A map showing the regional setting of Kubi is available at:
http://www.pmigoldcorp.com/i/maps/PMIdrillApr09.jpg ; detail of the
exploration target areas at:
http://www.pmigoldcorp.com/i/maps/KubiCollarSep0909.jpg ; detail pictures of
garnet zone mineralization from KV09-513 at:
http://www.pmigoldcorp.com/i/maps/KV_09_513_Box12.jpg and at:
http://www.pmigoldcorp.com/i/maps/KV_09_513_Box13.jpg .

    This news release has been prepared by Douglas R. MacQuarrie,
P.Geo.(B.C.), a Qualified Person under National Instrument 43-101. Field work
was supervised by Paul Abbott MSc; a member of the Geological Society of South
Africa and with 21 years experience in West Africa. Mr. Abbott has consented
to inclusion of this information in the form and context in which it appears.
Drill core was logged, sawn and sampled on site, with half HQ or NQ core
samples sent to SGS ITS Bibiani Lab in Ghana. Samples were analyzed for gold
by fire assay-AA finish on a 50 gram sample charge. Internal QC consisted of
inserting both blanks and standards into the sample stream and multiple
re-assays of selected anomalous samples. Grade x Width intercepts of less than
1 g/t meters were not reported. Visible gold was observed in certain sections
of the core and additional sampling and ICP analysis is ongoing.

    
    On behalf of the Board,
    "Douglas R. MacQuarrie"
    President & CEO

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    

    This news release contains forward-looking statements which involve known
and unknown risks, delays and uncertainties not under the Company's control
which may cause actual results, performance or achievements of the Company to
be materially different from the results, performance or expectations implied
by these forward-looking statements. We Seek Safe Harbour.

    %SEDAR: 00005434E




For further information:

For further information: Douglas MacQuarrie, President & CEO, Telephone:
(604) 682-8089, Toll-Free: 1 (888) 682-8089, Facsimile: (604) 682-8094; or for
European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail:
frram@aon.at; Or visit the PMI Gold Corporation website at
www.pmigoldcorp.com

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