PMI Gold Corporation - Drilling extends new gold zone at Kubi
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE
TSX Venture Exchange: PMV US PMVGF.PK Frankfurt/Berlin: AOJMW7 Issued & Outstanding: 194,854,481
This new gold zone, referred to as the "513 Zone", was discovered by drilling a ground geophysical VLF-EM anomaly. Gold is associated with silicified, quartz veined, and sulfide rich garnet formation, similar in style to mineralization at our Kubi Main deposit located 1.2 km to the east (where a NI43-101 compliant mineral resource estimate of 604,085 oz Au Indicated; and 316,079 oz Au Inferred, has been outlined: please see: http://www.pmigoldcorp.com/i/pdf/Kubi_Preliminary_Assessment_May08.pdf).
In order to assist in prioritizing other VLF-EM targets prior to their drilling a test auger geochemical sampling program consisting of 890 metres in 224 holes has been completed and all samples submitted for assay. Holes were drilled on 12.5 metre centres across the four strongest VLF-EM anomalies located in the Target 1 area, including the 513 Zone anomaly (a detail map of the exploration target areas is available at: http://www.pmigoldcorp.com/i/maps/KubiCollarSep0909.jpg).
Further information will be released when and as available.
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
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.
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For further information: For further information: Douglas MacQuarrie, President & CEO, Telephone: (604) 682-8089, Toll-Free: (888) 682-8089, Facsimile: (604) 682-8094 or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: [email protected], Or visit the PMI Gold Corporation website at www.pmigoldcorp.com
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