Company announcement 14 Jan 2011 - include visible gold with assays of up to 320g/t (uncut) (see below).
I have never heard of such a large gold grade. I notice the announcement was made under the wrong ticker - PMV instead of the correct PVM. Perhaps this explains why so few people are on to it yet.
Sydney - Friday - January 14: (RWE Australian Business News) - PMI Gold (ASX:PMV) resource drilling at the flagship Nkran deposit at the Obotan project in Ghana has intersected broad gold zones which include visible gold with assays of up to 320g/t (uncut). Obotan offers the opportunity for a near-term development project and comprises four known deposits. The current global mineral resource estimate for Obotan comprises indicated 3.06m tonnes grading 1.59g/t gold for 156,000oz and inferred 15.64m grading 2.1g/t for 1.053m ozs. ENDS rx
PVM Price at posting:
67.5¢ Sentiment: Buy Disclosure: Held
