/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO
U.S. NEWS AGENCIES/
TSX Venture Exchange: PMV
Issued & Outstanding: 107,617,570
Fully Diluted: 146,363,821
VANCOUVER, April 27 /CNW/ - PMI Gold Corporation (TSX.V:PMV), is pleased
to announce that it has entered into a contract with Eagle Drilling of
Vancouver to commence a 1,000 metre diamond drilling program on its Kubi Gold
Project in Ghana.
The program will test airborne EM conductors associated with the Ashanti
and Kubi shear zones that are proximal to known gold mineralization and
important cross structures. A map showing the regional setting of Kubi is
available at: http://www.pmiventures.com/i/maps/PMIdrillApr09.jpg and a detail
of the initial 7 drill target areas at:
Further information will be released when available, and update maps of
the drill program will be published on our web site at
http://www.pmigoldcorp.com as the program develops.
PMI Gold is advancing Kubi towards production, and controls four previous
operating gold mines on 746 square kilometres of leases and concessions
located along the prolific Ashanti and Asankrangwa gold belts. Ghana is
Africa's second largest gold producer and has attracted over $7 billion in
foreign direct investment into the minerals and mining sector over the last
decade. Ghana is a destination of choice because of its long gold mining
history, prospective resource base, reasonable taxation and stable government.
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.
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:
firstname.lastname@example.org or John Mullen: Tel: 41-79-694-8671, e-mail: John
Mullen@bluewin.ch; Or visit the PMI Gold Corporation website at