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PMI GOLD: 3 neue Minen + Gold in Ghana - Die letzten 30 Beiträge

eröffnet am 14.12.06 11:49:12 von
BikiniAnalyst

neuester Beitrag 04.02.14 22:43:43 von
Investnix
Beiträge: 3.646
ID: 1.100.335
Aufrufe heute: 0
Gesamt: 398.979


Beitrag schreiben Ansicht: Die letzten 30 Beiträge
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Investnix
schrieb am 04.02.14 22:43:43
Beitrag Nr. 3.646 (46.379.144)
Asanko, PMI Gold get court approval for takeover

2014-02-04 16:11 ET - News Release

See News Release (C-AKG) Asanko Gold Inc

Mr. Greg McCunn of Asanko reports

PMI OBTAINS FINAL ORDER FOR PLAN OF ARRANGEMENT


PMI Gold Corp. has obtained a final order from the Supreme Court of British Columbia approving the previously announced acquisition of PMI by Asanko Gold Inc. pursuant to a plan of arrangement. The arrangement received overwhelming approval by shareholders of Asanko and PMI at their respective shareholder meetings held at the same time on Jan. 30, 2014 (Vancouver) and Jan. 31, 2014 (Perth), respectively.

The arrangement is expected to be completed on or about Feb. 6, 2014, and is subject to the satisfaction of certain other closing conditions customary in a transaction of this nature.

Full details of the arrangement and certain other matters are set out in the joint management information circular of Asanko and PMI dated Dec. 20, 2013. A copy of the information circular and other meeting materials can be found on the SEDAR website.
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Investnix
schrieb am 28.01.14 18:03:29
Beitrag Nr. 3.645 (46.326.645)
Asanko, PMI receive ISS, Glass Lewis nods for merger

2014-01-21 07:21 ET - News Release

An anonymous director of Asanko reports

ISS AND GLASS LEWIS RECOMMEND ASANKO AND PMI SHAREHOLDERS VOTE FOR THE PROPOSED BUSINESS COMBINATION

Institutional Shareholders Services (ISS) and Glass Lewis & Co., leading independent proxy firms, have both recommended that shareholders vote for the special resolution to approve the plan of arrangement regarding Asanko Gold Inc.'s acquisition of PMI Gold Corp. The arrangement is intended to create an emerging mid-tier gold producer with a clear pathway to 400,000 ounces of annual gold production.

ISS summarized its recommendation as follows, "The company is expected to be set to become the leading gold development company in West Africa with near-term production expected from a unitized project comprised of two nearby gold deposits ... in light of the sound strategic rationale and the significant potential synergies, a vote for this resolution is warranted."

Glass Lewis said, "We believe the proposed merger is strategically and financially compelling and structured in a fair and reasonable fashion, from a valuation perspective, for both companies and their respective shareholders."
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Investnix
schrieb am 28.01.14 18:01:25
Beitrag Nr. 3.644 (46.326.619)
:)
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Investnix
schrieb am 07.01.14 20:52:10
Beitrag Nr. 3.643 (46.176.911)
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Investnix
schrieb am 17.12.13 21:02:47
Beitrag Nr. 3.642 (46.067.924)
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Asanko Gold, PMI Gold try again on merger

2013-12-17 06:58 ET - News Release

See News Release (C-AKG) Asanko Gold Inc

Mr. Peter Breese of Asanko reports

ASANKO GOLD TO ACQUIRE PMI TO CREATE AN EMERGING MID-TIER GOLD PRODUCER


Asanko Gold Inc. and PMI Gold Corp. have entered into a definitive agreement whereby Asanko will acquire all of the common shares of PMI to create an emerging mid-tier gold producer with a clear pathway to 400,000 ounces of annual gold production. A joint conference call and webcast hosted by Peter Breese, president and chief executive officer of Asanko, and Peter Bradford, president and chief executive officer of PMI, will be held today at 4 p.m. (EST) and 1 p.m. (PST) (8 a.m. Wednesday in Sydney) to discuss this transaction. Call-in details are provided at the end of this release.

Highlights:

Combination of the neighbouring Esaase and Obotan gold projects in Ghana, West Africa, with a combined resource base of 7.5 million ounces measured and indicated resources and an additional 2.9 million ounces inferred resources, of which 4.8 million ounces are categorized as proven and probable mineral reserves (1, 2, 3, 4 and 5);
Pathway to approximately 400,000 ounces of annual gold production by 2017, creating a mid-tier gold producer;
Well financed with $280-million (U.S.) in cash and a $150-million (U.S.) debt facility arranged;
Esaase gold project (200,000 ounces per year by the end of 2015) fully financed to start construction in the first quarter of 2014;
Obotan gold project (200,000 ounces per year of additional production) to be co-developed with Esaase, capturing operating and capital cost synergies currently estimated to be well in excess of $100-million (U.S.);
Significant exploration potential for future project development pipeline through exploration of numerous high-priority targets on the consolidated 1,000-square-kilometre land package;
Company to be managed by Asanko's executive team, led by Mr. Breese with proven mine development and operating records in Africa;
Support from major shareholders, with PMI shareholders holding approximately 20 per cent of the issued and outstanding PMI common shares and Asanko shareholders holding approximately 9.6 per cent of the issued and outstanding Asanko common shares entering into voting support agreements.

Under the terms of the business combination, which will be effected by means of a statutory plan of arrangement by PMI under the Business Corporations Act (British Columbia), each PMI shareholder will receive 0.21 Asanko common share for each PMI common share. This values each PMI share at 44.1 cents representing a premium of 79 per cent to the 20-day volume weighted average share prices of the PMI common shares on the Toronto Stock Exchange as of Dec. 16, 2013. Following the completion of the business combination, PMI and Asanko shareholders will hold approximately 50 per cent each of the combined company.

In early 2013, an announced merger between the two companies at the same exchange ratio was terminated by mutual agreement when it became apparent that the merger, while enjoying majority support from PMI shareholders, would not achieve the supermajority support legally required. However, since that time, Asanko has significantly derisked the Esaase project by revising the mine and metallurgical models which has resulted in a more robust prefeasibility study and arranging $150-million (U.S.) in project financing. In addition, volatility in both the gold price and the value of gold equities has added considerable weight to the benefits that this transaction can deliver to shareholders of both companies through reduced corporate costs, capital and operating synergies and balance sheet strength.

The combination of these factors led to the unanimous support for the business combination from both boards of directors and from some of the companies' largest shareholders. PMI and Asanko shareholders holding approximately 20 per cent and 9.6 per cent, respectively, of the issued and outstanding common shares of PMI and Asanko have formally committed to support the transaction.

Commenting on the announcement, Mr. Breese said: "The combination of the Esaase and Obotan gold projects into an integrated mining operation is an overwhelmingly accretive transaction for both Asanko and PMI shareholders due to the inherent synergies that can be captured through co-developing the projects. The combined Esaase-Obotan resource base is located within a 15-kilometre radius and has the potential to support gold production of approximately 400,000 ounces per year for over 10 years, making it a flagship operation from which to build our company and realize our vision of becoming a mid-tier gold mining company.

"The combined company will also boast a strong balance sheet with $280-million (U.S.) in cash and a $150-million (U.S.) debt facility arranged for project construction. This significant balance sheet strength clearly allows the company to build Esaase, whilst at the same time advance the development options for Obotan. What is particularly pleasing about this transaction is that it has the support of the some of largest shareholders of both Asanko and PMI."

Mr. Bradford added: "This transaction delivers increased certainty to the development and success of the combined Esaase and Obotan gold projects at a time when the stand-alone financing and development of either of these mines is challenging. In combination with the agreed exchange ratio, I believe that this is a compelling transaction for PMI shareholders and we are pleased to have the support of key shareholders for the transaction as well as the unanimous support of the board of directors.

"For Ghana, the transaction and resulting certainty of financing and development ensures continued growth of the gold sector and new jobs at a time when the rest of the gold industry in Ghana is scaling back their activities and reducing employee numbers. On a personal note, I look forward to continued involvement, as a non-executive director, with the emergence of a new mid-tier gold producer in West Africa."

Board of directors and management team

Upon completion of the business combination, the Asanko board of directors will comprise seven directors: Mr. Breese, Mr. Bradford, Gordon Fretwell, Marcel de Groot, Shawn Wallace, Colin Steyn and Michael Price. The chairman of the board will be appointed by the board's nominating and governance committee once the new board has been constituted upon completion of the business combination.

The company will be managed by the existing Asanko executive team, led by Mr. Breese as president and chief executive officer. Building organizational capability will continue to be a focus for the company as it moves into the construction phase of its projects and ultimately into operations. Key operational and project roles will continue to be filled, either with employees from within PMI's organization or externally as the company will be well positioned to attract and retain a highly skilled team as it continues to build a high-performance organization. The company will maintain its regulatory office in Vancouver, with project and technical employees located in Johannesburg, South Africa, and operations employees based in Ghana.

Development plan

Asanko intends to proceed with the development of the fully financed Esaase gold project, with permits expected imminently. The definitive feasibility study is nearing completion and is expected to be released in early 2014 with the work on it thus far broadly confirming the conclusions of the May, 2013, prefeasibility study. The DFS envisages the commencement of construction in the first quarter of 2014 and steady-state production of 200,000 ounces of gold per year by the end of 2015.

Preliminary work has been carried out to investigate the various options that are available for a more integrated development of the Obotan and Esaase gold projects. Based on the initial findings, the best approach is to first develop Esaase and then commence the development of Obotan.

During the first half of 2014, Asanko will complete additional studies to confirm this preliminary work and to ensure that the final development plan delivers optimal synergies with the best returns at the lowest risk. The options will include the potential of utilizing flotation at Obotan and trucking concentrate to Esaase for leaching and/or the potential of transferring ore from the various Obotan project pits to Esaase in combination with a process plant expansion at Esaase. In either option, capital and operating cost synergies currently estimated at well in excess of $100-million (U.S.) are expected to be realized.

Details of the business combination

Full details of the business combination will be included in a joint management information circular of Asanko and PMI which will be mailed to their respective shareholders in the coming weeks and will be available for download on SEDAR.

The business combination will be subject to court and stock exchange approvals as well as approval by (i) at least two-thirds of the votes cast by PMI shareholders, and (ii) at least a simple majority of the votes cast by PMI shareholders, after excluding the votes cast by Macquarie Bank Ltd., whose votes may not be included in determining minority approval for the business combination by virtue of the fact that one of its affiliates, Macquarie Capital Markets Canada Ltd., is being compensated for acting as PMI's financial adviser. Asanko shareholders are only required to approve the issuance of the shares in the business combination by a simple majority of votes cast. The Asanko and PMI shareholder meetings will both be held on the same day, targeted for late January, 2014. In addition to the foregoing, the combination is subject to the satisfaction of other customary closing conditions and deliveries. A copy of the arrangement agreement will be immediately posted on SEDAR and a summary will be included in the joint information circular.

The total consideration payable pursuant to the arrangement agreement values PMI's undiluted equity at approximately $183-million. Pursuant to the transaction, Asanko expects to issue approximately 86.9 million common shares on an undiluted basis. Pro forma after the business combination, Asanko will have approximately 172.0 million shares, 9.6 million options and 9.6 million warrants outstanding, and PMI performance rights, which if performance criteria are satisfied, will convert into an additional 300,000 Asanko shares. These figures include PMI options and warrants adjusted as to number and exercise price based on the exchange ratio.

Asanko will maintain its TSX and NYSE MKT listings but does not intend to list on the Australian Securities Exchange. Asanko will endeavour to establish a share sale facility available for PMI's ASX shareholders through an agent who will effect trades over these markets on behalf of former ASX shareholders who do not want to arrange trades over North American stock exchanges for themselves. In the United States, the issuance of securities of Asanko under the combination will be conducted in reliance on the exemption from registration requirements found in Section 3(a)(10) of the Securities Act of 1933. Asanko will continue to be a foreign private issuer under U.S. securities laws.

The arrangement agreement includes mutual deal protection provisions, including mutual promises of no soliciting competing proposals, a break fee of $9.4-million in the event of an unsolicited superior proposal, irrevocable lock-up agreement from Macquarie Bank, a key PMI shareholder, which holds approximately 13.1 per cent of the issued and outstanding PMI common shares. In addition PMI has obtained a lock-up from Sun Valley Gold LLC which holds 6.9 per cent of the issued and outstanding PMI common shares and Asanko has obtained a lock-up from Highland Park SA which holds approximately 9.6 per cent of the issued and outstanding Asanko common shares. In the event an unsolicited superior proposal is received by a party, the other has a right to match and customary fiduciary-out provisions allow the directors of a party to recommend an unsolicited superior proposal subject to the break fee and the other party's right to match. Officers and directors of both companies have also entered into voting support and lock-up agreements (totalling 1.6 per cent for Asanko and 1.3 per cent for PMI).

Both companies' boards of directors have determined that the proposed business combination is in the best interests of their respective companies based on a number of factors, including verbal fairness opinions received from each of their respective financial advisers. These verbal opinions are subject to certain assumptions and limitations and opine on the fairness, from a financial point of view. Written fairness opinions will be set out in the joint information circular. Each company's board of directors has unanimously approved the terms of the business combination and will recommend that their respective shareholders vote in favour of the business combination at their respective shareholder meetings.

Financial advisers and legal counsel

Asanko has retained Canaccord Genuity Corp. and Azure Capital to act as financial advisers and McMillan LLP and Hardy Bowen to act as legal advisers.

PMI has retained Macquarie Capital to act as financial adviser and Stikeman Elliott LLP to act as legal adviser.

Conference call and webcast detail
s

A joint conference call hosted by Mr. Breese and Mr. Bradford will be held today at 4 p.m. (EST), 1 p.m. (PST), 9 p.m. (London), and Wednesday at 5 a.m. (Perth) and 8 a.m. (Sydney) to discuss this transaction. Presentation slides to accompany the call are available on both company's websites.

To access the conference call, please dial in 10 minutes beforehand and quote "Asanko Gold/PMI transaction."

Australia toll-free: 1-800-730-050

U.K. toll-free: 0800-358-0856

Canada toll-free: 1-866-228-9189

U.S. toll-free: 1-877-941-9205

International: 44-20-8515-2313

A replay facility will be available two hours after the call on Asanko's website or, until Dec. 24, 2013, please dial one of the following numbers using the access code: 4657294.

Australia toll: 02-9374-0998

U.K. toll-free: 0800-358-3474

Canada toll: 1-303-590-3030

U.S. toll-free: 1-800-406-7325

International: 44-20-7154-2833

Notes to technical disclosure:

The mineral resources for Esaase contain 23.4 million tonnes grading 1.49 grams per tonne gold for 1.12 million ounces gold of measured and 71.3 million tonnes at a grade of 1.44 grams per tonne gold for 3.29 million ounces gold of indicated as reported in the National Instrument 43-101 technical report filed on SEDAR on June 27, 2013.
The mineral resource inventory for Obotan consists of measured resources of 15.57 million tonnes grading 2.47 grams per tonne gold for 1.23 million ounces; indicated resources of 29.21 million tonnes grading two grams per tonne gold for 1.88 million ounces; and inferred resources of 21.91 million tonnes grading 1.99 grams per tonne gold for 1.40 million ounces as reported in the National Instrument 43-101 technical report filed on SEDAR on Oct. 23, 2012.
Figures shown exclude PMI's Kubi gold project.
Mineral reserve for Esaase contains 22.9 million tonnes grading 1.43 grams per tonne gold for 1.05 million ounces of proven and 22.5 million tonnes grading 1.40 grams per tonne gold containing 1.32 million ounces of probable as reported in the National Instrument 43-101 technical report filed on SEDAR on June 27, 2013.
Mineral reserve for Obotan consists of proven reserve of 14.8 million tonnes, grading 2.39 grams per tonne gold for 1.14 million ounces and probable reserve of 19.4 million tonnes grading 2.08 grams per tonne gold for 1.30 million ounces as reported in the National Instrument 43-101 technical report filed on SEDAR on Oct. 23, 2012.

Qualified persons in respect of technical disclosure

For Asanko

The information in this release that relates to Esaase mineral reserves is based on information compiled by Thomas Obiri-Yeboah. Mr. Obiri-Yeboah is the senior mining engineer of DRA Mineral Projects, mining division. Mr. Obiri-Yeboah is a member of the South African Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and is a qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. He has verified the Esaase reserve data disclosed in this news release.

The information in this release that relates to the recovery processes related to Esaase is based on information compiled by Glenn Bezuidenhout, who is a metallurgist and a fellow of the South African Institute of Mining and Metallurgy. Mr. Bezuidenhout is a director of DRA Mineral Projects. Mr. Bezuidenhout has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and is a qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. He has verified any Esaase process data incorporated in this news release.

The information in this release that relates to Esaase in situ mineral resources is based on information compiled by Charles Muller of Minxcon. He is a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration, and to the activity he is undertaking, to qualify as a competent person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and is a qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. He has verified the data disclosed in this release in connection with Esaase, including sampling, analytical and test data underlying the information contained in this release. Mr. Muller consents to the inclusion of such information in this release in the form and context in which it appears.

The information in this release that relates to the economic assessment is based on financial models of Esaase compiled by Andy Clay of Venmyn Deloitte. He is a member of the Canadian Institute of Mining Metallurgy and Petroleum and Australasian Institute of Mining and Metallurgy, and is a member of the International Mineral Asset Valuation committee. Mr. Clay has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration, and to the activity he is undertaking, to qualify as a qualified valuator under Canadian Institute of Mining and Metallurgy guidelines and regulations. He has verified any Esaase financial and economic data disclosed in this release. Mr. Clay consents to the inclusion of such information in this release in the form and context in which it appears.

For PMI

Information that relates to mineral resources at the Obotan gold project is based on a resource estimate that has been carried out by Peter Gleeson, a full-time employee of SRK Consulting. Mr. Gleeson is a member of the Australian Institute of Geoscientists. Information that relates to mineral reserves at the Obotan gold project is based on a reserve estimate that has been carried out by Ross Cheyne, a full-time employee of Orelogy Mining Consultants. Mr. Cheyne is a fellow of the Australasian Institute of Mining and Metallurgy. Both have sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity undertaken to qualify as a competent person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a qualified person (by ROPO) as defined in terms of National Instrument 43-101 standards for resource estimate of gold. Mr. Gleeson and Mr. Cheyne have more than five years experience in the field of exploration results and of resource/reserve estimation, and consent to and approve the inclusion of matters based on information in the form and context in which it appears.

The mineral resource and mineral reserve estimates have been prepared in accordance with the 2010 Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserve as incorporated by reference in National Instrument 43-101 of the Canadian Securities Administrators, and is consistent with the Australasian Guidelines and Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (revised December, 2007) as prepared by the Joint Ore Reserves Committee of the AusIMM, AIG and MCA.
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NotRichNoFun
schrieb am 23.10.13 19:20:52
Beitrag Nr. 3.641 (45.682.265)
Hallo Freunde, habe Folgendes auf Stockhouse gefunden:

http://www.stockhouse.com/opinion/ticker-trax/insights/2013/10/18/junior-gold-valuations-hit-new-low-at-$17-oz

Auch die Comments bitte lesen.
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Kent_Brockman
schrieb am 30.08.13 19:32:47
Beitrag Nr. 3.640 (45.359.563)
Antwort auf Beitrag Nr.: 45.358.271 von freddy1989 am 30.08.13 16:29:08Ich hoffe sehr, dass sie nicht verwässern müssen/werden, um die restlichen 200 Mio zu bekommen...
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freddy1989
schrieb am 30.08.13 16:29:08
Beitrag Nr. 3.639 (45.358.271)
Hier mal einige News zu PMI Gold die Gewinne von 614 Millionen Dollar wären schon echt der Wahnsinn wäre echt cool wenn die Mine 2015 startet. Was haltet ihr von der News???

PERTH (miningweekly.com) – ASX- and TSX-listed gold developer PMI Gold Corporation expects to take a final investment decision on its Obotan project, in Ghana, before year-end, subject to securing project financing.

Speaking on the last day of the Africa Downunder conference, PMI chief operations officer Mike Gloyne stated that the company was currently working on a number of funding options for the Obotan project, while also looking to drive down project costs.

“Project finance is the biggest hurdle at the moment,” he told delegates.

A 2012 feasibility study indicated that the Obotan project would require a capital investment of some A$300-million to develop an operation delivering some 221 500 oz/y over an initial five-year operation.

At a gold price of $1 300/oz, the Obotan project would deliver a revenue of some $2.9-billion, have a net present value of $614-million and an internal rate of return of 35%.

Project construction was scheduled to start in 2014, Gloyne said, with full production expected by the first half of 2015. The miner was also currently awaiting the approval of its environmental-impact statement, which was submitted to the state government during the third quarter of this year.

“We are also looking to grow the resources at Obotan, and are targeting additional resources within a 15 km radius of the project,” he said.

The Obotan project currently has a proven and probable reserve of 34.2-million tonnes at 2.21 g/t gold for some 2.43-million ounces of contained gold.
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Golfbladerunner
schrieb am 31.07.13 11:16:54
Beitrag Nr. 3.638 (45.149.469)
Quarter Activity Update for the period ended 30 June 2013
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Highlights:

Obotan Gold Project (SW Ghana, West Africa)
Environmental Impact Study (EIS) progressing with the Environmental Protection Authority (EPA) in Ghana, with:
Permit application progressing with discussions regarding permit conditions at an advanced stage;
Recently introduced changes to EPA requirements concerning design and operation of tails storage facilities, waste dumps and mine closure issues are currently being addressed; and
Revised EIS lodged with the EPA in early September Quarter.
Review of current project design commenced to identify opportunities to reduce costs.
Debt funding process for project finance at an advanced stage.
Independent technical due diligence nearing completion.
Initial proposals support ability to raise ~US$150-200 million in project debt, with all alternative financing mechanisms also currently under review.
Near-Mine Exploration
Shallow, high-grade mineralization intersected newly discovered Dynamite Hill prospect, strategically located 7km north-east of the proposed processing facility at Obotan.
A total of 38 Reverse Circulation (RC) holes completed for 4,148m. Assay results received for all 38 holes, with significant intercepts including (true widths estimated at between 60% to 70% of the stated drill intercepts):
10m @ 13.65g/t Au from 50m (including 1m @ 102.72g/t Au from 55m)
23m @ 4.89g/t Au from 42m (including 2m @ 18.91g/t Au from 55m and 3m @ 8.96g/t Au from 60m)
16m @ 2.14g/t Au from 36m (including 1m @ 16.91g/t Au from 37m)
11m @ 9.19g/t Au from 132m (including 4m @ 18.22g/t Au from 133m)
41m @ 1.99g/t Au from 93m
24m @ 2.08g/t Au from 101m (including 1m @ 9.68g/t Au from 104m and 1m @ 18.48g/t Au from 118m)
25m @ 1.63g/t Au from 24m (including 2m @ 7.25g/t Au from 28m)
20m @ 1.20g/t Au from 32m and 14m @ 3.20g/t Au from 64m (including 1m @ 22.32g/t Au from 65m)
Gold mineralization at Dynamite Hill lies within the highly prospective Asankrangwa Gold Belt and sits on a magnetic linear (the Nkran Shear) at the intersection with favourable east-northeast cross-cutting structures.
Results indicate the occurrence of a gold system over a strike extent in excess of 600m, open along strike and down-dip. Further drilling is currently being planned for the September 2013 Quarter.
Corporate and Finance
Experienced mining executives Peter Bradford and Dr. Michael Anderson appointed to the Board as non-executive Directors at the Company's Annual General Meeting on 15 May 2013.
Extensive cost reductions implemented across the organization, including reductions in corporate and administrative overheads as well as contractor costs to conserve the Company's cash in the current challenging economic environment.
The Company's cash position at the end of the June 2013 Quarter was C$107,782,056.
Summary

The June 2013 Quarter was a period of consolidation for PMI Gold Corporation (TSX: PMV; ASX: PVM) as the Company continued to progress financing alternatives for its flagship Obotan Gold Project in south-west Ghana while at the same time reviewing opportunities to optimize and enhance the project development in light of the extremely volatile and challenging environment in financial markets.

During the Quarter, further sharp falls in the gold price combined with significant movements in currency and equity markets created an uncertain and challenging backdrop to complete financing for a major new gold project. However, the Company remains extremely confident in the underlying strength and robustness of the Obotan Project, particularly as the 2012 Feasibility Study was based on a conservative gold price of US$1,300/oz.

PMI is currently reviewing a number of financing alternatives for the project, as well as the optimum financing structure to support the estimated remaining capital requirement of ~US$200 million plus an estimated US$70 million in working capital. In light of the current economic and financial climate, the Board has implemented a number of cost cuts and changes in the short term to conserve its cash until a clear financing and development pathway is finalized.

These include the introduction of significant cuts to administrative and corporate overheads, as well as reductions in supplier and contractor arrangements and a significant cut-back in regional exploration expenditure and activity.

Notwithstanding the reduction in exploration activity, a key highlight of the Quarter was the announcement of an exciting new gold discovery at the Dynamite Hill prospect, located just 7km from the site of the proposed Obotan processing plant. Drilling during the Quarter intersected significant grades and widths of near-surface mineralization at Dynamite Hill, elevating this prospect as a priority near-mine exploration focus for the Company because of its potential to yield an oxide ore feed to the Obotan plant. Drilling is set to resume at Dynamite Hill in the September Quarter, leading to the estimation of a maiden JORC compliant Mineral Resource.


Figure 1: PMI Gold's project locations in south-west Ghana

Project Development

Obotan Gold Project

The Obotan Gold Project is an advanced gold development project in south-west Ghana, with established resources located within the Company's Abore-Abirem and Adubea concessions. These concessions lie within the northern 15km of the total 70km strike length of contiguous concessions the Company holds in the Asankrangwa Gold Belt (Figure 2).


Figure 2: Obotan Project - Location of PMI Gold's Concessions and Project Deposits

The Obotan Project comprises four known deposits - the larger Nkran Deposit and the smaller satellite deposits at Abore, Adubiaso and Asuadai. The Obotan Project was previously operated by Resolute Mining Ltd; mining ceased in 2002 after producing a total of 730,000oz at an average grade of 2.2g/t, when the gold priced averaged below US$350/oz. Unlike the Obotan deposits of Nkran, Adubiaso and Abore, the Asuadai deposit has not previously been mined.

Current JORC/NI43-101 compliant resources at the Obotan Gold Project are Measured 15.57Mt at 2.47g/t Au for 1.23Moz, Indicated 29.21Mt at 2.00g/t Au for 1.88Moz, and Inferred 21.91Mt at 1.99g/t at 1.40Moz, and current JORC/NI43-101 compliant reserves are Proven 14.8Mt at 2.39g/t Au for 1.14Moz and Probable 19.4Mt at 2.08g/t Au for 1.30Moz.

PMI completed a Feasibility Study on the Obotan Project in 2012 which confirmed the viability of a substantial new gold mining operation processing some 3.0Mtpa of primary ore and 3.8Mtpa of oxide ore, with forecast production of 221,500oz over the first five years at an estimated C1 cash operating cost of US$626/oz. The total estimated capital cost, including plant and infrastructure and pre-strip capital was US$296.6 million.

The Feasibility Study forecast a post-tax NPV for the Obotan Project of US$387 million, and a post-tax IRR of 28% using a gold price of US$1,300/oz and a 5% discount rate.

Development Update

PMI continued to progress key components of its "Early Works" program at Obotan during the June Quarter. The status of key items either already completed or currently underway under the "Early Works" program is summarized below:
In agreement with the Environmental Protection Authority (EPA) of Ghana, the revised Obotan Environmental Scoping Report has been submitted for final approval;
A permit approval has been received for the dewatering of the Obotan open pits;
The supply contract for the SAG and Ball Mills has been awarded - a key long-lead item with a minimum 12 month delivery time;
Geotechnical program confirmed suitability of plant and tailings dam site and design;
Detailed earthworks, drainage and foundation design together with plant layout and process flow sheets completed;
Negotiations well advanced for the supply of 161Kv grid power to the Obotan site;
Negotiations continuing with shortlisted project construction engineering contractors prior to award of Obotan construction contracts;
Updated open pit designs to be used for future retender of the mining contract;
Stage 2 of the Obotan camp refurbishment completed enabling the rapid mobilization of construction activities following a development decision; and
Community Consultation Committee operating successfully in dealing with local issues and liaising with the community on development activities.
The Company is targeting first gold production and ramp-up to full production from the Obotan Project by H1 2015.

Environmental Impact Statement (EIS) Process

The Environmental Impact Study (EIS) process with the Environmental Protection Authority (EPA) in Ghana is currently being finalised. The Company has incorporated the revised EPA requirements into its EIS Scoping Report and has submitted the Report for final approval.

The recently introduced changes to the principles covering the design and operation of tails storage facilities, waste dumps and mine closure requirements have been addressed and incorporated within the design of the Obotan Project

The EIS approval is expected during Q3 2013, and this will lead to the issue of the project Mining Permit. The environmental permit represents the final major remaining outstanding regulatory approval required to enable project pre-strip mining to commence.

Project Financing

PMI continued to work with its debt advisor, Optimum Capital, during the Quarter to progress the debt funding proposed for the Obotan development. The independent technical due diligence process is approaching completion.

Over the coming months it is proposed to complete the remaining project financing and mandate a group of banks to seek credit approval for the provision of Project debt funding.

Initial proposals received from prospective financiers indicated that the project can support US$150-200 million in project debt. In addition, PMI will require further working capital to be fully funded through the construction and commissioning phase to full production, and have the ability to support a focused exploration program. PMI is currently working to reduce its corporate and non-core exploration activities before establishing its final 'working capital' requirements.

Exploration

PMI has a large exploration footprint of some 580km2 in two of Ghana's prolific gold belts. The Company continued to explore its highly prospective licences in the Asankrangwa and Ashanti Shear zones during the Quarter.

Near-Mine Exploration

PMI Gold has a strong gold Mineral Resource and Ore Reserve base at Obotan. The Company's strategy is to target additional oxide resources within a 15km radius of Obotan which could provide an additional source of ore feed to the Obotan plant.

Through the re-evaluation of historical exploration data developed by the previous concession owners, PMI has developed in excess of 15 exploration targets within the Obotan mining lease area. Exploration activities during the Quarter consisted of drilling, trench excavation, and mapping and sampling within the Obotan mining lease area, including at the newly discovered Dynamite Hill Prospect, which is strategically located between the Nkran and Asuadai deposits, 7km northeast of the proposed processing facility at Nkran, within the Adubea Mining Lease (see Figure 3 below).

The Dynamite Hill Prospect has shown significant gold anomalies in recent trenches and also confirmed earlier historic soil geochem anomalies. Geological mapping and regolith verification of historical soil anomalies were intensified on the Abirem mining lease as well as ground truthing interpreted favourable geophysical structures. A total of 1,008m was excavated from 5 trenches within Nkran Area (includes earlier trenches in Dynamite) and a total 1,116 samples taken. The results of this work comprise the basis for PMI's future near-mine exploration strategy.

Dynamite Hill Prospect

During the Quarter, the Company announced a significant new gold discovery on the Obotan tenements after initial results from a first-pass Reverse Circulation (RC) exploration drilling program intersected significant shallow gold mineralisation at the Dynamite Hill prospect.


Figure 3: Location of the Dynamite Hill prospect within PMI's tenements

The Dynamite Hill Prospect was discovered through systematic testing of historical geochemical anomalies (>80ppb Au) and identifying favourable geological and structural settings through aeromagnetic interpretation.

The soil geochemical anomaly at the Dynamite Hill Prospect was followed up with surface geological mapping and tested with a series of trenches and an Induced Polarisation (IP)/Resistivity ground geophysical survey completed earlier this year. This has enabled drilling to target the most prospective zones of the anomaly.

The initial drilling program of 28 RC holes for 2,796m was drilled to test brittle greywacke and felsic units at the intersection of the Nkran Shear with an interpreted cross-cutting east-northeast striking structure. These cross-cutting structures are considered favourable hosts of gold mineralization in Ghana.

Subsequent to the Quarter end, a further 10 RC holes were drilled for 1,352 metres to test the north-east strike extension of mineralization defined in the first phase. Holes were drilled on a 50m to 100m traverse spacing, 25m to 50m apart, to an average depth of 95m (maximum depth of 217m). (see Figure 4 below).

Samples were submitted to MinAnalytical Laboratory in Perth, Western Australia, and Performance Laboratory in Bibiani, Ghana, for 50g Fire Assay treatment with Atomic Absorption Spectrometry (AAS) finish.

Assay results have been received for all 38 holes. Significant intercepts >0.5g/t Au are listed in Table 1. Highlights include:
DYRC13-002 17m @ 1.29g/t Au from 29m and 10m @ 13.65g/t Au from 50m (including 1m @ 102.72g/t Au from 55m).
DYRC13-007 20m @ 2.55g/t Au from 0m (including 1m @ 11.00g/t Au from 9m) and 14m @ 1.45g/t Au from 31m.
DYRC13-008 23m @ 4.89g/t Au from 42m (including 2m @ 18.91g/t Au from 55m and 3m @ 8.96g/t Au from 60m).
DYRC13-009 16m @ 2.14g/t Au from 36m (including 1m @ 16.91g/t Au from 37m).
DYRC13-024 5m @ 9.01g/t Au from 68m (including 1m @ 42.03g/t Au from 69m) and 9m @ 7.72g/t Au from 79m (including 3m @ 15.52g/t Au from 72m).
DYRC13-025 11m @ 9.19g/t Au from 132m.
DYRC13-031: 20m @ 1.20g/t Au from 32m and 14m @ 3.20g/t Au from 64m (including 1m @ 22.32g/t Au from 65m
DYRC13-032: 41m @ 1.99g/t Au from 93m
DYRC13-033: 25m @ 1.63g/t Au from 24m (including 2m @ 7.25g/t Au from 28m)
DYRC13-034: 31m @ 1.21g/t Au from 33m
DYRC13-035: 24m @ 2.08g/t Au from 101m (including 1m @ 9.68g/t Au from 104m and 1m @ 18.48g/t Au from 118m
Drilling has identified a 5m to 20m wide mineralized gold system extending over 600m along strike (Figure 4) and to a depth of nearly 180m (Figure 8). Current interpretations indicate mineralization is still open along strike and down dip. A second mineralization zone has also been intersected 300m to the east. The extent of this zone is still to be tested.

Gold mineralization is hosted in a stockwork of quartz veining within an intercalated sequence of steeply dipping, strongly altered greywackes and phyllites, with minor felsic intrusions (Figures 5, 6, 7 and 8). The depth of weathering is between 20m in the south and deepens to 50m in the north.


Figure 4: Collar plan of RC drilling at the Dynamite Hill Prospect

Work planned for the Dynamite Hill Prospect includes extending the IP/Resistivity survey. Further RC drilling is also planned for the September 2013 Quarter and will be designed to test the veracity of these results, along with testing the strike and down-dip extents of the known mineralization. Drilling will also be designed to test the second zone of mineralization 300m to the east of the main mineralized trend.

The discovery of the Dynamite Hill prospect highlights the prospectivity of the area of influence around the Obotan Project for delineating further sources of oxide ore to supplement feed to the mill. Dynamite Hill provides the potential for an oxide resource which is within the Company's existing Mining Lease and within easy trucking distance of the future Obotan processing plant. In addition, it offers the opportunity to provide an alternative ore feed to the Obotan Project, which may assist in deferring some or all of the capitalised pre-stripping required in the early stage of the Project's development.


Figure 5: Cross-section at Dynamite Hill
(Section Line 400m)

Figure 6: Cross-section at Dynamite Hill
(Section Line 450m)


Figure 7: Cross-section at Dynamite Hill
(Section Line 500m)
Figure 8: Cross-section at Dynamite Hill
(Section Line 550m)

Regional Exploration

Asanko Gold Project

Outside of near-mine exploration, the Company's exploration approach at the Asanko Gold Project is on two fronts, with the concessions split into north and south defined project areas. The Asanko concessions offer significant exploration upside along the Abore, Nkran and Fromenda shears within the Asankrangwa Gold Belt (see Figure 9).

Figure 9: Asankrangwa Gold Belt
showing the Asanko Gold Project
and Obotan Gold Project



Asanko North:
Focus is on the development of oxide resource targets within a 15km economic trucking distance to the proposed processing facility at Nkran deposit. Termed the Obotan Exploration Area of Influence, these concessions include: Kaniago (Adansi), New Obuasi, Gyagyatreso (Switchback North) and Nkronua-Atifi (Switchback South), Datano, and the Afiefiso portion of the Diaso-Afiefiso concession.

Asanko South:
Focus is on the exploration of resource targets within the southern 40 km of the Project (and outside of the 15km Obotan Exploration Area Influences zone), with a focus on the establishment of a new stand-alone mining operation. Termed Asanko South Regional Exploration, these concessions include: Diaso portion of the Diaso-Afiefiso concession, Amuabaka, Juabo, Agyaka Manso and Manhia.

Whilst exploration was mainly focused at Dynamite Hill during the Quarter, further exploration work continued on a number of high-priority targets on the Asanko Gold Project.

At the Obotan Exploration Area of Influence, a program of trenching to test recognised gold in soil anomalies was undertaken on the Kaniago (Adansi) Prospect and also at Fromenda Prospect for evaluation purposes in preparation for future drilling programs.

On the Asanko South Regional Exploration concessions, major exploration activities were Reverse Circulation (RC) drilling with diamond tails drilling (RCD) at Diaso Prospect Block 'C', trenching and trench mapping/sampling and logging at Agyaka Manso, Juabo, Manhia and Amuabaka. Trenching was mainly probing gold in soil anomalies supported by interpreted geophysical structures.

Diaso Prospect

A Reverse Circulation (RC) drilling program with Diamond drilling (DD) tails at Block "C" on the Diaso Prospect was completed in the Quarter. Six holes DIRCD13_001 to DIRCD12-006 for a total of 940.7m of RC and 505.2m of DD were drilled for this phase as a follow-up to the previous RC drill intersections (see TSX/ASX dated January 9, 2013). All samples collected have been dispatched to Minanalytical Laboratory for analysis.

Kubi Gold Project

The Kubi Gold Project is located 65km east of the Obotan Project and 15km south and along strike from AngloGold Ashanti's 60Moz Obuasi Gold Mine, the largest underground mine in West Africa. Kubi also lies 12km northeast of Perseus Mining's 6.6Moz Edikan Gold Mine. The Kubi Main Deposit was mined by the previous tenement holder up until 2005, yielding 59,000oz Au at an average grade of 3.65g/t Au. The Project contains an existing NI43-101 and JORC compliant resource: Measured Resources of 0.66Mt @ 5.30g/t for 112,000oz, Indicated Resources of 0.66Mt @ 5.65g/t for 121,000oz, and Inferred Resources of 0.67Mt @ 5.31g/t for 115,000oz at the Kubi Main Deposit. PMI is undertaking an evaluation of this resource in parallel with a broader regional exploration.

The exploration focus at Kubi was the development of a trenching program to test recognised gold in soil anomalies. Three trenches, KUTR13-001 to KUTR13-003 were excavated during the Quarter for a total length of 689m. Mapping and sampling were completed for a total of 352 samples which have been submitted to MinAnalytical Laboratory for analysis. Additionally, geological mapping continued on the Kubi properties in order to update the Kubi regional geology map, and re-logging and re-interpretation of the Kubi South diamond drilling was commenced.

CORPORATE & FINANCE

Board Changes

At the Company's Annual General Meeting, which was held on 15 May 2013, the appointment of two new Directors to the PMI Board was confirmed.

These are Peter Bradford, a metallurgist with some thirty years of project management experience in Africa (including eight years as President and CEO of Ghana gold producer Golden Star Resources Ltd) and Dr. Michael Anderson, a twenty year mining industry professional and director of Taurus Funds Management Pty Ltd with broad Australian (Ex Managing Director of Exco Resources Ltd) and African mineral resource experience (Non-Executive Director Ampella Mining Ltd).

Long standing Executive Director, Mr Thomas Ennison, barrister and solicitor of the Supreme Court of Ghana, retired from the Board at the AGM.
Avatar
Golfbladerunner
schrieb am 24.07.13 11:07:32
Beitrag Nr. 3.637 (45.103.777)
In Australien am ASX haten wir 0,42 AUD 0,263 €
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Investnix
schrieb am 11.07.13 22:51:22
Beitrag Nr. 3.636 (45.030.015)
:):lick:
Recent Trades - Last 10 of 89
Time ET Ex Price Change Volume Buyer Seller Markers
15:47:09 T 0.305 0.02 88,000 62 Haywood 2 RBC K
15:46:24 T 0.305 0.02 100,000 62 Haywood 2 RBC K
15:46:24 T 0.305 0.02 9,500 62 Haywood 79 CIBC K
15:06:31 T 0.305 0.02 40,000 1 Anonymous 79 CIBC K
15:06:19 T 0.305 0.02 39,000 7 TD Sec 79 CIBC K
15:04:07 T 0.305 0.02 11,500 7 TD Sec 79 CIBC K
14:36:14 T 0.30 0.015 3,000 15 UBS 39 Merrill Lynch K
14:22:36 T 0.29 0.005 4,000 2 RBC 90 Barclays K
14:22:36 T 0.29 0.005 5,000 33 Canaccord 90 Barclays K
14:22:36 T 0.29 0.005 1,000 88 Credential 90 Barclays K
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Investnix
schrieb am 07.06.13 22:08:08
Beitrag Nr. 3.635 (44.810.403)
:)
PMI Gold drills 10 m of 13.65 g/t Au at Obotan

2013-06-06 13:27 ET - News Release

Mr. Collin Ellison reports

PMI GOLD INTERSECTS HIGH GRADE GOLD AT NEWLY DISCOVERED DYNAMITE HILL PROSPECT IN GHANA

PMI Gold Corp. has released results from a first-pass reverse circulation (RC) exploration drilling program at the newly discovered Dynamite Hill prospect. It intersected significant shallow gold mineralization, strategically located within the limits of the company's 100-per-cent-owned Obotan gold project in the southwest of Ghana.

The Dynamite Hill prospect is located between the Nkran and Asuadai deposits, seven kilometres northeast of the proposed processing facility at Nkran, within the Adubea mining lease. Together with the Adubiaso and Abore deposits, the four deposits which comprise the Obotan gold project have a National Instrument 43-101 and JORC-compliant mineral resource estimate of: measured resources of 15.57 million tonnes at a grade of 2.47 grams per tonne (g/t) gold (Au) for 1.23 million ounces, indicated resources of 29.2 million tonnes at a grade of two g/t Au for 1.88 million ounces and inferred resources of 21.91 million tonnes at a grade of 1.99 g/t Au for 1.4 million ounces.

The Dynamite Hill prospect was discovered through systematic testing of historic geochemical anomalies (greater than 80 parts per billion (ppb) Au) and identifying favourable geological and structural settings through aeromagnetic interpretation. The soil geochemical anomaly at the Dynamite Hill prospect was followed up with surface geological mapping and tested with a series of trenches and an induced polarization/resistivity ground geophysical survey completed earlier this year. This has enabled drilling to target the most prospective zones of the anomaly.

A total of 28 RC holes were drilled for 2,796 metres testing brittle greywacke and felsic units at the intersection of the Nkran shear with an interpreted crosscutting east-northeast-striking structure. These crosscutting structures are considered favourable hosts of gold mineralization in Ghana. Holes were drilled on a 50-metre-to-100-metre traverse spacing, 25 metres to 50 metres apart, to an average depth of 80 metres (maximum depth of 217 metres). Samples were submitted to MinAnalytical Laboratory in Perth, Western Australia, and Performance Laboratory in Bibiani, Ghana, for 50-gram fire assay treatment with atomic absorption spectrometry (AAS) finish. Assay results have been received for 26 of the 28 holes. Significant intercepts greater than 0.5 g/t Au are listed in a table on the company's website.

Highlights include:

DYRC13-002 -- 17 metres at 1.29 g/t Au from 29 metres and 10 metres at 13.65 g/t Au from 50 metres (including one metre at 102.72 g/t Au from 55 metres);
DYRC13-007 -- 20 metres at 2.55 g/t Au (including one metre at 11 g/t Au from nine metres) and 14 metres at 1.45 g/t Au from 31 metres;
DYRC13-008 -- 23 metres at 4.89 g/t Au from 42 metres (including two metres at 18.91 g/t Au from 55 metres and three metres at 8.96 g/t Au from 60 metres);
DYRC13-009 -- 16 metres at 2.14 g/t Au from 36 metres (including one metre at 16.91 g/t Au from 37 metres);
DYRC13-024 -- five metres at 9.01 g/t Au from 68 metres (including one metre at 42.03 g/t Au from 69 metres) and nine metres at 7.72 g/t Au from 79 metres (including three metres at 15.52 g/t Au from 72 metres);
DYRC13-025 -- 11 metres at 9.19 g/t Au from 132 metres.

Drilling has identified a five-metre-to-20-metre-wide mineralized gold system extending 400 metres along strike and to a depth of nearly 180 metres. Current interpretations indicate mineralization is still open along strike to the northeast and downdip. A second mineralization zone has also been intersected 300 metres to the east. The extents of this zone are unknown.

Gold mineralization is hosted in a stockwork of quartz veining within an intercalated sequence of steeply dipping, strongly altered greywackes and phyllites, with minor felsic intrusions. The depth of weathering is between 20 metres in the south and deepens to 50 metres in the north.

Work planned for the Dynamite Hill prospect includes extending the IP/resistivity survey. Further RC drilling is also planned for the September, 2013, quarter and will be designed to test the veracity of these results, along with testing the strike and downdip extents of the known mineralization. Drilling will also be designed to test the second zone of mineralization 300 metres to the east of the main mineralized trend.

PMI holds the largest strategic ground package by a single company in the Asankrangwa gold belt, extending over an area of 511 square kilometres and covering 65 kilometres of the 150-kilometre length of the belt. The PMI tenements encompass three known major structural trends (Abore, Nkran and Fromenda shears) enhancing the prospectivity of the tenements threefold.

PMI Gold's managing director and chief executive officer Collin Ellison said the discovery of the Dynamite Hill prospect highlighted the prospectivity within the area of influence around the Obotan gold project for delineating further sources of oxide ore to supplement feed to the mill.

Mr. Ellison said: "We are genuinely excited with the results from the first phase of drilling at our newly discovered Dynamite Hill prospect. Our systematic approach toward exploring PMI's tenements within the richly endowed Asankrangwa gold belt continues to successfully identify new mineralized systems and is a testament to the success of the strategy being employed and the expertise of the PMI exploration teams."

"Dynamite Hill provides the potential for an oxide resource which is within PMI's existing mining lease and within easy trucking distance of the future Obotan processing plant. In addition, it offers the opportunity to provide an alternative ore feed to the Obotan project, which may assist in deferring some or all of the capitalized prestripping required in the early stage of the project's development."


Recent Trades - Last 10 of 176
Time ET Ex Price Change Volume Buyer Seller Markers
15:31:54 T 0.38 0.01 6,500 62 Haywood 24 Clarus K
14:35:31 T 0.38 0.01 1,500 2 RBC 24 Clarus K
14:24:23 T 0.38 0.01 1,500 2 RBC 24 Clarus K
14:13:29 T 0.375 0.005 6,500 7 TD Sec 7 TD Sec K
14:02:54 T 0.375 0.005 1,000 39 Merrill Lynch 90 Barclays K
14:02:54 T 0.375 0.005 38,000 7 TD Sec 90 Barclays K
14:02:48 T 0.375 0.005 10,000 7 TD Sec 90 Barclays K
14:02:46 T 0.375 0.005 1,000 39 Merrill Lynch 90 Barclays K
14:02:46 T 0.375 0.005 9,000 7 TD Sec 90 Barclays K
14:02:42 T 0.375 0.005 1,000 39 Merrill Lynch 90 Barclays K
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evens
schrieb am 23.03.13 18:45:43
Beitrag Nr. 3.634 (44.290.623)
Die Nullen sollen jetzt mal dem royalty zustimmen, damit bei Asante endlich die Post abgehen kann.
Bekommen aber auch gar nichts auf die Reihe. Da muss sie Douglas erst verklagen! Unglaublich diese Pfeifen

Hab selten so ein Mistmanagement wie aktuell bei PMI gesehen. Die schaffen es noch und setzen alles in den Sand!

Buck war nur der Anfang. Mehr Köpfe müssen rollen!!!


Avatar
NotRichNoFun
schrieb am 23.03.13 18:04:12
Beitrag Nr. 3.633 (44.290.541)
Habe Folgendes bei Stockhouse gefunden:

http://www.marketwire.com/press-release/asante-gold-corporation-corporate-update-proposed-royalty-acquisition-tsx-venture-ase-1770778.htm

Passiert bei PMI z.Zt. ja nicht gerade viel.
Avatar
NotRichNoFun
schrieb am 23.03.13 18:02:38
Beitrag Nr. 3.632 (44.290.538)
Habe folgenden Link bei Stockhouse gefunden:

http://www.marketwire.com/press-release/asante-gold-corporation-corporate-update-proposed-royalty-acquisition-tsx-venture-ase-1770778.htm

Das einzig Interessante im Moment. Passiert bei PMI ja sonst nicht viel.
Avatar
Speedy
schrieb am 13.03.13 12:48:32
Beitrag Nr. 3.631 (44.246.178)


Board ist wirklich ziemlich verweist und ausgestorben.

PMI Gold noch nicht.

Hat gestern deutliches Lebenszeichen gegeben mit ca. 14 % + in Canada und Australien. Da sind vermutlich wieder shorties rausgedrückt worden. Gut so !

Hier der Link zu der Meldung, die die Kurststeigerung ausgelöst haben dürfte:

http://tmx.quotemedia.com/article.php?newsid=58653846&qm_symbol=PMV

Gruß

Speedy

(Uralt-Investor in PMI Gold)

Avatar
rendite06
schrieb am 05.03.13 16:10:42
Beitrag Nr. 3.630 (44.216.433)
Eine geplatzte Fusion, ein Rücktritt... und nun? Das Forum genauso tot wie die gute alte PMI? Oder nur luftholen vor dem großen Comeback?

Die Meldungslage ist mir für die aktuelle Situation viel zu dünn? Weiß jemand mehr?

"Hoffe jetzt auf ein vernünftiges ÜBernahmeangebot. 1 Dollar wäre akzeptabel. 1.20 Dollar ne super Sache." ...wäre mir auch recht!
Produktion in Eigenregie wäre mir noch lieber!

Sonst wird das nichts mehr mit Kursziel 2 Euro. Zumal das Baby absolut illiquide geworden ist. Heute liegen fast 20 % zwischen bid und ask.
Avatar
NEWpanem
schrieb am 01.03.13 13:23:24
Beitrag Nr. 3.629 (44.202.845)
Dies ist ein spannender wert in einer interessanten Phase.
Avatar
evens
schrieb am 19.02.13 19:41:04
Beitrag Nr. 3.628 (44.160.106)
Dere Investnix,

nix Asanko sondern Asante wird der neue Highflyer.
Lies mal mein Posting vom 14.01. hier im Thread. Wundert mich ein bißche dassd bei Asante noch nicht investiert bist! ;-)

Endlich mal wieder ne gute Nachricht heute.
Lieber zahl ich doch ein bißchen Zinsen bevor ich mir sone Krücke wie Keegan ans Bein binde. Deren ihre 200 Millionen bekommt man von der Bank günstiger als mit ner 50% Dilution.

Bei ner Zustimmung zur Fusion hätt ich meine restlichen Anteile sofort verkauft!

Hoffe jetzt auf ein vernünftiges ÜBernahmeangebot. 1 Dollar wäre akzeptabel. 1.20 Dollar ne super Sache.


Gruß evens
Avatar
Investnix
schrieb am 19.02.13 17:49:46
Beitrag Nr. 3.627 (44.159.451)
Antwort auf Beitrag Nr.: 44.156.556 von hofnarr11 am 19.02.13 09:42:13:) Hallo Hofnarr, es gibt doch noch eine zusätzliche news, daß die PMI Aktionäre der Transaktion NICHT zustimmen habe ich erhofft und erwartet, denn die PMI Aktonäre würden gegenüber den Keegan Aktonären real benachteiligt, bin gespannt was neu ausgehandelt wird ???!!!

PMI Gold and Keegan cancel merger plans

2013-02-18 15:17 ET - News Release

Also News Release (C-KGN) Keegan Resources Inc

Mr. Collin Ellison of PMI Gold reports

PMI GOLD CORPORATION: PMI AND KEEGAN AGREE TO TERMINATE MERGER PLANS

PMI Gold Corp. and Keegan Resources Inc. have terminated the arrangement agreement they entered into on Dec. 5, 2012, in accordance with its terms. This decision comes as a result of the mutual determination of PMI and Keegan "that it is unlikely that PMI's shareholders will approve the transactions" contemplated by the arrangement agreement. The termination of the arrangement agreement" is not on account of any differences arising between the respective boards about valuation issues or on account of any new facts having come to their attention.

As a result of the mutual decision to terminate the arrangement agreement, the special meeting of shareholders of PMI, which was scheduled for Feb. 20, 2013, has been cancelled. The special meeting of Keegan shareholders scheduled for Feb. 19, 2013, will proceed, but only to consider the approval of a name change of Keegan to Asanko Gold Corp., reflective of the region in Ghana where it operates. PMI and Keegan have agreed that no termination fee will be payable as a result of the mutual termination of the arrangement agreement, and the parties have released each other from all obligations in respect of the arrangement agreement.


PMI Gold starts "early works" program at Obotan

2013-02-18 15:46 ET - News Release

Mr. Collin Ellison reports

PMI GOLD CORPORATION: OBOTAN PROJECT UPDATE


PMI Gold Corp. and Keegan Resources Inc. have terminated the current arrangement agreement that was entered into on Dec. 5, 2012.

In light of the termination of the arrangement agreement, PMI Gold is providing the following update on its Obotan project.

Obotan project development

Concurrently with the work undertaken by PMI on the Keegan transaction, substantial progress has also been made in the development of the Obotan project over the past months. As part of this, PMI has commenced an "early works" program, which includes:

Approval of the Obotan mining leases from the Minister of Lands and Natural Resources of Ghana;
Environmental permit application process has progressed well, with discussions regarding permit conditions currently at an advanced stage;
Permit approval received for the dewatering of the Obotan open pits;
Detail design and quotation for the pit dewatering system under way to ensure the mining prestrip operations proceed unhindered;
The purchase of the SAG and ball mills, which were the most significant long-lead items with a minimum of 12 months delivery time;
Completion of a further geotechnical program which confirmed the suitability of the plant and tailings dam sites;
Commencement of detailed earthworks, drainage and foundation design, plant layout, and process flow sheets;
Advancing negotiations on the supply of 161-kilovolt grid power to the Obotan site;
Finalization of negotiations with short-listed project construction engineering contractors prior to award of Obotan construction contracts;
Finalization of negotiations with short-listed mining contractors prior to award of Obotan mining contract;
Commencement of the Obotan camp refurbishment to enable rapid mobilization to site following a development decision;
Recruitment of key experienced staff for the next stage of the project development and construction.

Exploration

PMI has also continued to explore its highly prospective licences in the Asankrangwa and Ashanti gold belts in Ghana.

Exploration has continued its focus on the development of mineralized targets within the Asankrangwa and Kubi licences. Those Asankrangwa exploration targets which are within economic trucking distance of the Obotan project have been given priority. As outlined in PMI's recent press releases dated Dec. 21, 2012, regarding Kaniago drill results, Jan. 9, 2013, regarding the Diaso prospect and Feb. 6, 2013, regarding Afiefiso drill results, PMI's exploration activities have been very encouraging and have confirmed PMI's belief that these licenses have the potential to host a number of oxide deposits which could add value to the Obotan project.

Additionally, exploration at Kubi within the Ashanti gold belt continues to provide encouragement for the development of additional resource targets.

Project financing

Over the past two months, PMI has continued to work with its debt adviser, Optimum Capital, to progress the debt financing proposed for the Obotan development and, in light of today's announcement, will now be further accelerated. Indicative terms have now been agreed with the short-listed financiers, and the majority of the independent due diligence has been completed.

Over the coming months it is proposed to complete the remaining due diligence, finalize the base case financial model which supports the project financing and mandate a group of banks to seek credit approval to provide the financing.

Implementation of standby facility

The company is also pleased to announce that it has finalized the documentation of the $30-million (U.S.) standby financing facility agreement referred to in its September, 2012, announcement on the same terms and conditions as originally disclosed. While the equity raising announced in October, 2012, and completed in November, 2012, gave the company financial security, the financing facility provides added flexibility going forward.

Commenting on the progress achieved on the Obotan project, PMI's managing director and chief executive officer, Collin Ellison, said: "PMI has continued its focus on the development of the Obotan project with a clear objective of progressing the project design, major contracts and financing toward a production decision. We are committed to achieving our goal of first production by the second half of 2014."

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hofnarr11
schrieb am 19.02.13 09:42:13
Beitrag Nr. 3.626 (44.156.556)
hallo investnix,
heutige news aus australien - merger und shareholdersitzung abgesagt!
Avatar
Investnix
schrieb am 17.02.13 11:56:38
Beitrag Nr. 3.625 (44.150.658)
Antwort auf Beitrag Nr.: 44.137.814 von evens am 13.02.13 19:20:04Bin noch dabei, wieso "Asante Gold" - Du meinst doch wohl "Asanko Gold"-oder???
Avatar
evens
schrieb am 13.02.13 19:20:04
Beitrag Nr. 3.623 (44.137.814)
Aktueller Kurs : 0.64 DOllar

Eigentlich unglaublich.
Großer Dank an das unfähige Management von PMI.
Das wäre mit Douglas nicht passiert, aber nein den musste ja auf Teufel komm raus rausekeln mit allen Konsequenzen (Großaktionäre gehen mit von Board, schlechteres Standing bei Banken usw.)

Und dann wollen die Trottel eine Fusion bewerkstelligen, ohne dass sie die Großaktionäre auf Ihrer Seite haben !
Unglaublicher Dilletantismus!

Wär mir ja egal, hätt ich nicht noch ne anständige Restposition von PMI behalten (Der Rest steckt in Asante Gold)
Das man es fertig bringt mit 5 Millionen Unzen Gold und 120 Mio Cash ein Unternehmen auf ne Marktkapitalisierung von unter 200 Mio Dollar zu bringen ist schon erstaunlich.

Wahrscheinlich wirds mit dem Deal eh nix, dann werden die Pfeifen zurücktreten und ein großes Unternehmen erbarmt sich und gibt den Aktionären noch nen Dollar pro Aktie!


Gruß evens

PS: Wer ist denn hier alles noch an Bord! Und besitzt schon wer Asante Gold?
Avatar
Investnix
schrieb am 01.02.13 23:05:06
Beitrag Nr. 3.622 (44.095.136)
PMI expects Keegan merger to speed up Obotan start

2013-02-01 07:47 ET - News Release

Mr. Collin Ellison reports

PMI GOLD CORPORATION: QUARTER ACTIVITY UPDATE FOR THE PERIOD ENDED 31 DECEMBER 2012

PMI Gold Corp. has released an activity update for the quarter ended Dec. 31, 2012.

Business development

PMI Gold and Keegan Resources Inc. announced a definitive agreement to combine their respective businesses to create a leading west African gold development company. The combined company will continue under the name Asanko Gold Inc. -- a name which reflects the west Ghana region in which the two companies hold their principal gold projects.
Asanko will be led by Peter Breese, the current president and chief executive officer of Keegan, and Collin Ellison, the current managing director and chief executive officer of PMI.
Each PMI shareholder will receive 0.21 Asanko share for each PMI share, with the merger creating a combined company with an aggregate market capitalization expected to be in the $700-million range.
Asanko is set to become the leading gold development company in west Africa with near-term production expected from a unitized project comprising two nearby gold deposits -- Obotan and Esaase.

Obotan gold project (southwest Ghana, west Africa)

The merger with Keegan Resources is expected to accelerate the commencement of construction at Obotan, with forecast production of approximately 200,000 ounces per year with first gold production expected in second half 2014.
PMI received a positive response on its EIS submission in late 2012 and is addressing comments from the regulator as part of an EIS update. Discussions with the EPA for the finalization of the EIS are in progress.
Obotan mining leases were formally granted by the Minister of Lands and Natural Resources.
PMI has commenced early engineering works to progress the project development schedule.
Contracts for the supply of the SAG and ball mills for the processing plant have been awarded. These were the longest lead items required for construction with a delivery period of approximately 52 weeks.
Follow-up reverse circulation drilling at the Kaniago (Adansi) prospect returns encouraging results, further defining a series of subparallel gold zones over a strike extent of up to 800 metres, open along strike to the south and downdip. Encouraging intersections (greater than 0.5 gram per tonne (g/t) Au) include:
17 metres at 4.58 g/t Au from 20 metres;
11 metres at 2.10 g/t Au from 39 metres;
13 metres at 1.10 g/t Au from 92 metres;
Seven metres at 2.43 g/t Au from nine metres.


Corporate and finance

Completion of $115,002,300 equity financing through a public offering of common shares;
PMI common shares commencing trading on the main board of the Toronto Stock Exchange;
Cash position at the end of the December, 2012, quarter of $125,259,075.

The December, 2012, quarter represented a defining period in PMI Gold's history, with the company entering into a definitive arrangement agreement with Keegan Resources Inc. under which both companies will combine their respective businesses to create a leading west African gold development company.

Summary

The combined company will continue under the name Asanko Gold Inc. -- a name which reflects the west Ghana region in which the two companies hold their principal gold projects -- and is expected to have an aggregate market capitalization in the $700-million range.

PMI's Obotan gold project and Keegan's Esaase gold project lie within 30 kilometres, and are expected to unlock significant synergies, with the potential to ultimately create one of the largest gold mining and exploration districts in Africa.

Business development

Merger with Keegan Resources to create leading west African gold development company

On Dec. 5, 2012, PMI Gold and Keegan Resources Inc. announced a merger of equals between the two companies to be effected by means of a plan of arrangement, to create a leading west African gold development company, which will continue under the name of Asanko Gold Inc.

Shareholders as of record on Jan. 16, 2013, will receive notice of and be entitled to vote at the special meeting of each company, respectively. PMI shareholders meeting is scheduled to be held at CWA House, 1174 Hay St., west Perth, Western Australia, at 8:30 a.m. (Perth time) on Feb. 20, 2013, to consider the arrangement.

Each company's board of directors has unanimously approved the terms of the proposed merger and recommends that their respective shareholders vote in favour of the merger. In addition, directors and officers of both companies have entered into voting lockup agreement to vote in favour of the merger. A copy of the arrangement agreement is posted at SEDAR and full details are included within the joint information circular available on SEDAR and the Australian Securities Exchange.

Details of the arrangement

If approved by the PMI shareholders and Keegan shareholders, and subject to final court approval and the satisfaction or waiver of the conditions to closing, it has jointly been agreed that for the purposes of this transaction, Keegan will be the surviving entity and will acquire all of the outstanding common shares of PMI. The combined company will continue under the name Asanko Gold Inc., reflective of the west Ghana region in which the two companies hold their principal gold projects.

Management team and board of directors of Asanko

Peter Buck and Shawn Wallace, the respective chairmen of PMI and Keegan, will become co-chairmen.
Peter Breese, Keegan's chief executive officer, and Collin Ellison, PMI's managing director and chief executive officer, will, respectively, assume the offices of chief executive officer and president of Asanko Gold.
The board of directors of Asanko Gold will comprise three directors from each of PMI and Keegan with a seventh director to be appointed thereafter: Mr. Buck, Ross Ashton and Dr. John A. Clarke from PMI and Mr. Wallace, Colin Steyn and Gordon Fretwell from Keegan.

Share exchange ratio

Under terms of the arrangement, each PMI shareholder will receive 0.21 Asanko share for each PMI share exchanged. In addition, all outstanding options and warrants of PMI that have not been duly exercised prior to the effective time of the arrangement will be exchanged for options and warrants, as the case may be, of Asanko that will entitle the holders to receive, upon exercise thereof, Asanko shares based upon the exchange ratio and otherwise on the same terms and conditions as were applicable to such PMI options and warrants immediately before the effective time. As Keegan is the surviving corporate entity, existing Keegan security holders will not need to exchange their securities.

Market capitalization and share ownership

The arrangement will create a combined company with an aggregate market capitalization expected to be around $700-million. Existing Keegan and PMI shareholders will each own approximately 50 per cent of Asanko, inclusive of currently in-the-money dilutive securities.

Listing

Asanko will be listed on the Toronto Stock Exchange, New York Stock Exchange and the ASX (with the ASX listing being a condition of closing).

Benefits to PMI and Keegan shareholders

The key anticipated benefits of the arrangement to PMI and Keegan shareholders are summarized below but not limited to the following:

Asanko Gold is set to become the leading gold development company in west Africa with near-term production expected from a unitized project comprising two nearby gold deposits -- the Obotan gold project and Esaase gold project.
Asanko Gold will have an enlarged, more diverse resource base.
Asanko Gold will be strongly capitalized with approximately $340-million in cash on hand and no debt outstanding.
The Obotan gold project can proceed to construction quickly -- approximately 200,000 ounces per year for more than 11 years.
The development of the Esaase gold project can be financed from cash flow -- additional 150,000 to 200,000 ounces per year.
Asanko Gold will be run by an experienced mine development and operational executive and management team.
Asanko Gold will have an enhanced capital markets presence -- Asanko Gold is expected to appeal to a broader shareholder base, increase analyst following and have improved share liquidity.
The arrangement is expected to be tax neutral or deferred for substantially all participants.

Project development

Obotan gold project


The Obotan gold project is an advanced gold development project in southwest Ghana, with established resources located within the company's Abore-Abirem and Adubea concessions. These concessions lie within the northern 15 kilometres of the total 70-kilometre strike length of contiguous concessions the company holds in the Asankrangwa gold belt.

The Obotan project comprises four known deposits -- the larger Nkran deposit and the smaller satellite deposits at Abore, Adubiaso and Asuadai. The Obotan project was previously operated by Resolute Mining Ltd.; mining ceased in 2002 after producing a total of 730,000 ounces at an average grade of 2.2 grams per tonne (g/t), when the gold priced averaged about $350 (U.S.) per ounce. Unlike the other Obotan deposits, the Asuadai deposit has not previously been mined.

Grant of mining leases

On Nov. 21, 2012, the mining leases covering the Obotan gold project were formally granted by the Minister of Lands and Natural Resources, marking another key milestone toward development of a substantial new gold mining operation in west Africa. The formal grant of the three mining leases (renewable under the terms of the Minerals and Mining Act, 2006) follows the favourable recommendation by the Minerals Commission of Ghana in September.

The mining leases cover a total area of 93.24 square kilometres encompassing the four key deposits at Obotan, the main Nkran deposit, and the smaller satellite deposits Abore, Adubiaso and Asuadai.

Project financing

The company is to finalize the $30-million standby funding facility and security agreement with Macquarie Bank in first quarter 2013 which will provide the company with additional operating flexibility.

If PMI was to pursue development on a stand-alone basis, it believes that it will be able to raise between $175-million (U.S.) and $200-million (U.S.) in project debt based on initial proposals received from short-listed international financial institutions. Completion of technical due diligence and negotiations on final loan terms, including hedge levels over a project loan life of approximately four years are continuing. On that basis, it is also anticipated that the company would require approximately an additional $75-million to $100-million for working capital to fully finance the company through construction and commissioning of the Obotan project and into first gold production which is forecast to occur in second half 2014 and maintaining an aggressive exploration program.

EPA approvals

PMI received a positive response on its EIS submission in late 2012. PMI is addressing issues raised by the EPA including recently introduced changes to the guidelines concerning the design and operation of tails storage facilities. Discussions with the EPA for the finalization of the EIS are in progress.

Early engineering

Subsequent to the finalization of the project feasibility study (FS), PMI commenced a number of engineering activities and contract works.

Critical to the timely advancement of the project was the ordering of the longest lead items for the process plant construction. A tender process commenced for the supply of the SAG and ball mills leading to contract award in December, 2012. Thyssen Krupp Polysius will fabricate and supply the mills to PMI. The SAG mill is a high-aspect-ratio mill 8.6 metres in diameter and four metres in length; the ball mill is 5.8 metres in diameter and 9.1 metres in length. Both mills will be supplied with 5.6-megawatt drive motors to simplify the commonality of spares, and delivery is locked in for fourth quarter 2013.

With these purchases committed, structure and foundation designs were able to be advanced. Additionally, further geotechnical work was carried out on the plant site and tailings dam wall foundations to confirm ground conditions and enable detailed design.

Work also progressed on the two major contracts required for the commencement of development. Tender prices were received for the EPC/EPCM construction contracts from five experienced engineering contractors and the review process is continuing. Five mining contract tender prices were also received and are undergoing final analysis. Decisions on both contracts are expected in first quarter 2014.

PMI also committed to the refurbishment of the existing Obotan camp facility. The camp was originally built in 1997 by Resolute Resources and has stood empty since 2003. Early refurbishment of the camp and associated administration buildings will ensure a quick ramp-up of construction and prestrip activities once the final decision to proceed is made by the board of directors.

Regional exploration

During the December, 2012, quarter, the company continued an extensive regional exploration push focusing on its highly prospective ground holdings at Obotan (15-kilometre area of influence to the Nkran deposit), Asanko (southern half of the Asankrangwa gold belt containing strike extensions to Obotan) in the Asankrangwa gold belt and Kubi in the Ashanti gold belt.

Obotan gold project -- exploration area of influence

The Obotan exploration area of influence is defined by the economic trucking distance of mined ore to the future Obotan process facility. This distance has nominally been taken as 15 kilometres.

Kaniago (Adansi) prospect

PMI undertook a follow-up reverse circulation (RC) drilling program during the December quarter, designed to test gold anomalism intersected in previous air core drilling at the Kaniago (Adansi) prospect. All assay results from this program were received during the quarter, with the results confirming and further defining known gold anomalies at the recently discovered prospect.

The Kaniago (Adansi) prospect is strategically located within a 15-kilometre area of influence west of the company's flagship Obotan gold project in southwest Ghana.

The prospect was targeted due to the interpreted location of favourable crosscutting east-northeast structures with the Abore shear and its close proximity within trucking distance to the proposed processing facility at the Nkran deposit at the Obotan gold project. Early exploration success highlights the potential for the Kaniago (Adansi) prospect to potentially be a valuable source of shallow oxide mineralization for additional feed to the mill.

Drilling was designed to test a series of gold anomalies (greater than 0.1 g/t Au), extending along strike up to 1,200 metres, discovered by a first pass air core exploration program completed in June, 2012 (refer to ASX/TSX announcement dated June 20, 2012). A total of 56 RC holes were drilled for 5,143 metres to define and extend these mineralization trends. Holes were drilled on a nominal 200-metre-by-50-metre grid spacing. Results have been received for all holes from MinAnalytical Laboratory in Perth, Australia.

Highlights of the results include:

KARC12-001 -- eight metres at 1.32 g/t Au from one metre;
KARC12-002 -- 10 metres at 1.02 g/t Au from 79 metres;
KARC12-004 -- 17 metres at 1.58 g/t Au from 20 metres;
KARC12-005 -- 11 metres at 2.10 g/t Au from 39 metres;
KARC12-006A -- 13 metres at 1.10 g/t Au from 92 metres;
KARC12-054 -- seven metres at 2.43 g/t Au from nine metres.


The strike of these anomalies has been confirmed over lengths ranging from 200 metres up to 800 metres and are all open along strike to the south. Drilling was also designed to test the depth extensions of mineralization, with gold mineralization intersected at depths of up to 75 metres remaining open, providing valuable exploration targets due to be followed up in 2013.

Gold mineralization is hosted within a stockwork of quartz veins, forming within an interbedded sequence of greywackes and phyllites. This sequence is intruded by a series of feldspar porphyries. Mineralization trends parallel with the Abore shear, which also hosts Keegan Resources' Esaase gold deposit located within 30 kilometres north of Obotan.

Asanko regional exploration project

The Asanko regional exploration project is a regionally contiguous group of tenements covering about 55 kilometres of strike in the Asankrangwa gold belt, and is located immediately south of PMI's Obotan project. The company's exploration approach within the southern Asankrangwa gold belt will be to continue the development of the resource targets within 15 kilometres of the Nkran deposit (Obotan project) and the exploration of other significant resource targets within the Asankrangwa gold belt.

Diaso prospect

Subsequent to the quarter-end, PMI completed an exploration reverse circulation (RC) drilling program at the Diaso prospect, located within the Diaso-Afiefiso concession, during the quarter. The concession is located within the company's 100-per-cent-owned Asanko regional exploration project.

A total of 222 holes for 19,675 metres were drilled to test three separate target areas highlighted as block A, block B and block C. These areas were targeted due to coinciding favourable structural settings, identified from airborne geophysics, with historic gold-in-soil anomalies. Blocks A and B are located on the Fromenda shear which also hosts the Fromenda prospect located directly north of block A. A total strike length of approximately 12 kilometres between Fromenda and block B has been tested to date. Block C is located on the Nkran shear which hosts the Nkran and Asuadai deposits within PMI Gold's Obotan project.

The Fromenda and Nkran shears, along with the Abore shear, form a regional northeast-trending structural corridor (the Asankrangwa gold belt) interpreted to control the regional distribution of gold mineralization, particularly at the intersections with crosscutting east-northeast structures, as characterized by the Obotan deposits to the north.

Samples were submitted to MinAnalytical Laboratory in Perth, Western Australia, for 50-gram fire assay treatment with atomic absorption spectrometry (AAS) finish. All assay results have been received and are discussed below.

Block A

A total of 147 holes were drilled for 12,560 metres into block A. Drilling was undertaken on a nominal spacing of 400 metres by 50 metres and designed to test the intersection of an interpreted east-west structure with the Fromenda shear, considered a favourable structural setting for hosting gold mineralization in the district, as well as following up high-grade historic drilling results. All anomalous intercepts greater than 0.5 g/t Au are listed in a table on the company's website. Highlights include:

DARC12-057 -- 17 metres at 0.75 g/t Au from 70 metres;
DARC12-058 -- 12 metres at 2.06 g/t Au from eight metres (including two metres at 5.02 g/t Au from 14 metres);
DIRC12-022 -- 11 metres at 0.77 g/t Au from 106 metres;
DIRC12-033 -- five metres at 1.06 g/t Au from 20 metres;
DIRC12-046 -- three metres at 16.43 g/t Au from 55 metres (including one metre at 48.41 g/t Au from 55 metres).

Drilling has intersected a zone of steeply dipping gold mineralization, up to 10 metres in true thickness, over a strike length of 800 metres. Gold mineralization is associated with a stockwork of quartz veins hosted within an intercalated sequence of metavolcanic and sedimentary rocks, similar to the geological setting of the Fromenda prospect. Numerous other zones of discrete mineralization have also been intersected, providing valuable targets for further follow-up drilling.

Block B

A total of 54 holes were drilled for 4,697 metres into block B. Drilling was undertaken on a nominal spacing of 400 metres by 50 metres and, as with block A, designed to test the intersection of an interpreted east-west structure with the Fromenda shear. All anomalous intercepts greater than 0.5 g/t Au are listed in a table on the company's website. Highlights include:

DARC12-092 -- three metres at 32.89 g/t Au from 27 metres (including one metre at 73.14 g/t Au from 27 metres);
DARC12-094 -- two metres at 4.89 g/t Au from 27 metres;
DARC12-112 -- one metre at 5.58 g/t Au from 60 metres.


Drilling has intercepted a series of discrete, steeply dipping zones of anomalous gold mineralization over the two-kilometre strike length of the target area. Gold mineralization is associated with a stockwork of quartz veins hosted within an intercalated sequence of metavolcanic and sedimentary rocks, similar to the geological setting of the Fromenda prospect.

Block C

A total of 21 holes were drilled for 2,418 metres into block C. This represents the first phase of drilling to be completed in the target area. Drilling was undertaken on nominal 100-metre-by-50-metre spacing and designed to test coinciding favourable intersecting structures with an anomalous gold-in-soil geochemical anomaly and adjacent to artisanal workings. All anomalous intercepts greater than 0.5 g/t Au are listed in a table on the company's website.

Highlights include:

DIRC12-089 -- 20 metres at 1.40 g/t Au from 46 metres;
DIRC12-092 -- seven metres at 2.53 g/t Au from 140 metres;
DIRC12-093 -- 23 metres at 1.26 g/t Au from 120 metres;
DIRC12-101 -- 11 metres at 4.35 g/t Au from 133 metres (including two metres at 16.87 g/t Au from 133 metres);
DIRC12-107 -- three metres at 1.90 g/t Au from 96 metres.


Drilling has intercepted a zone of steeply dipping gold mineralization up to 16 metres thick in true thickness which continues 600 metres along strike and remains open downdip. In comparison with blocks A and B, gold mineralization is interpreted to be associated with an east-northeast-striking felsic intrusion.

The results of the exploration program at Diaso indicate the high prospectivity of the Asankrangwa gold belt to host significant economic mineralization within the Asanko project area. Further follow-up drilling is planned for 2013 to test known mineralization along strike and at depth, as well as testing new and known target areas.

Corporate and finance

$115-million equity financing

During the quarter, PMI entered into an underwriting agreement with a syndicate of underwriters led by Clarus Securities Inc. and RBC Capital Markets as joint bookrunners and co-lead underwriters, and including Canaccord Genuity Corp., Euroz Securities Ltd., GMP Securities LP and Raymond James Ltd. to sell 119.05 million common shares of the company at a price of 84 cents per share for gross proceeds of $100,002,000.

In addition, the company granted the underwriters an overallotment option to purchase up to that number of additional common shares equal to 15 per cent of the common shares sold pursuant to the offering, exercisable at any time up to 30 days after the closing of the offering. This overallotment option was exercised in full, resulting in a total of 136,907,500 new common shares being issued and resulting in total gross proceeds to the company of $115,002,300.

Net proceeds of the offering will be used to finance the development of the company's Obotan gold project in accordance with its feasibility study, for Ghana exploration activities and for general and administrative expenses.

Graduation to main board of TSX

During the quarter PMI completed all the necessary requirements for graduation from the TSX Venture Exchange to the Toronto Stock Exchange main board, and the company's common shares commenced trading on the TSX main board from market open on Nov. 30, 2012.

At this time the company's common shares were also delisted from and ceased trading on the TSX Venture Exchange.

The company's common shares will continue trading under the symbol PMV.
Avatar
evens
schrieb am 14.01.13 19:42:39
Beitrag Nr. 3.621 (44.020.439)
Daher mache ich jetzt mal ein bißchen Werbung in eigener Sache, bzw. für die "Nachfolgefirma" von PMI Golds Gründer und ehemaligen Präsidenten, Douglas Maquarrie.

Asante Gold


Denke die meisten werden es mitbekommen haben, dass Douglas ein neues Projekt am Start hat, nachdem er bei PMI rausgemobbt wurde. Die enttäuschende Entwicklung dort seitdem spricht für sich!

Asante hat ein Projekt im selben Goldgürtel wie PMI, und wird Ende Januar eine 1% Gewinnbeteiligung an der OBotan-MIne von PMI erhalten (Man bleibt also auch als Asante Aktionär an PMI beteiligt. Diese Beteiligung wird mit neuen Anteilen a 0.50 Dollars erkauft, also mit über 100 % Aufschlag zum aktuellen Kurs!

Asante ist in Deutschland und auch Kanada absolut unbekannt. Alle Käufe in Deutschland gehen auf mich und meinen Bekanntenkreis zurück, und ich habe meine xxx Tausend Anteile bereits im Sack.

Alles wissenswerte zu diesem absehbaren "TenBagger" habe ich in nem Thread bei ariva zusammengefasst:

http://www.ariva.de/asante_gold_corporation-aktie/forum


Wer Interesse hat soll mal rein schauen.
Wer wie ich Vertrauen in die Fähigkeiten von Douglas hat, kommt um Asante ohnehin nicht drumrum.

In diesem Sinne

evens


Avatar
evens
schrieb am 14.01.13 19:31:58
Beitrag Nr. 3.620 (44.020.400)
Dere,

ist ja ganz schön ruhig geworden im PMI-Thread, und mMn nicht ganz zu unrecht.
Die Fusion mit Keegan ist wahrlich nicht das Gelbe vom Ei. Die Marktkapitalisierung wird mehr, gleichzeitig die Anteile der PMI-Aktionäre gefünftelt.
Hab schon mehrerer RE-Splits mitgemacht, und richtig dolle gings hinterher nirgends mit dem Kurs weiter.

Avatar
Investnix
schrieb am 09.01.13 22:59:45
Beitrag Nr. 3.619 (44.002.656)
:)
PMI Gold drills three m of 32.89 g/t Au at Asanko

2013-01-09 13:32 ET - News Release

Mr. Collin Ellison reports

ANOMALOUS GOLD INTERSECTED AT PMI GOLD'S DIASO PROSPECT, GHANA


PMI Gold Corp. has completed an exploration reverse circulation (RC) drilling program and all assay results have been returned at the Diaso prospect, located within the Diaso-Afiefiso concession. The concession is located within the company's 100-per-cent-owned Asanko regional exploration project in southwest Ghana.

A total of 222 holes for 19,675 metres were drilled to test three separate target areas highlighted as blocks A, B and C. These areas were targeted due to coinciding favourable structural settings, identified from airborne geophysics, with historical gold in soil anomalies. Blocks A and B are located on the Fromenda shear, which also hosts the Fromenda prospect, located directly north of block A. A total strike length of approximately 12 kilometres between Fromenda and block B has been tested to date. Block C is located on the Nkran shear, which hosts the Nkran and Asuadai deposits within PMI Gold's Obotan project. The Fromenda and Nkran shears, along with the Abore shear, form a regional northeast-trending structural corridor (the Asankrangwa gold belt) interpreted to control the regional distribution of gold mineralization, particularly at the intersections with crosscutting east-northeast structures, as characterized by the Obotan deposits to the north.

Samples were submitted to MinAnalytical Laboratory in Perth, Western Australia, for 50-gram fire assay treatment with atomic absorption spectrometry (AAS) finish. All assay results have been received and are discussed below.

Block A

A total of 147 holes were drilled for 12,560 metres into block A. Drilling was undertaken on a nominal spacing of 400 metres by 50 metres and designed to test the intersection of an interpreted east-west structure with the Fromenda shear, considered a favourable structural setting for hosting gold mineralization in the district, as well as following up high-grade historical drilling results. Some anomalous intercepts greater than 0.5 gram per tonne (g/t) gold (Au) are below. Highlights include:

DARC12-057 -- 17 metres at 0.75 g/t Au from 70 metres;
DARC12-058 -- 12 metres at 2.06 g/t Au from eight metres (including two metres at 5.02 g/t Au from 14 metres);
DIRC12-022 -- 11 metres at 0.77 g/t Au from 106 metres;
DIRC12-033 -- Five metres at 1.06 g/t Au from 20 metres;
DIRC12-046 -- Three metres at 16.43 g/t Au from 55 metres (including one metre at 48.41 g/t Au from 55 metres).


Drilling has intersected a zone of steeply dipping gold mineralization up to 10 metres in true thickness over a strike length of 800 metres. Gold mineralization is associated with a stock work of quartz veins hosted within an intercalated sequence of metavolcanic and sedimentary rocks, similar to the geological setting of the Fromenda prospect. Numerous other zones of discreet mineralization have also been intersected, providing valuable targets for further follow-up drilling.

Block B

A total of 54 holes were drilled for 4,697 metres into block B. Drilling was undertaken on a nominal spacing of 400 metres by 50 metres and was, as with block A, designed to test the intersection of an interpreted east-west structure with the Fromenda shear. Some anomalous intercepts greater than 0.5 g/t Au are listed below. Highlights include:

DARC12-092 -- Three metres at 32.89 g/t Au from 27 metres (including one metre at 73.14 g/t Au from 27 metres);
DARC12-094 -- Two metres at 4.89 g/t Au from 27 metres;
DARC12-112 -- One metre at 5.58 g/t Au from 60 metres.

Drilling has intercepted a series of discrete, steeply dipping zones of anomalous gold mineralization over the two-kilometre strike length of the target area. Gold mineralization is associated with a stock work of quartz veins hosted within an intercalated sequence of metavolcanic and sedimentary rocks, similar to the geological setting of the Fromenda prospect.

Block C

A total of 21 holes were drilled for 2,418 metres into block C. This represents the first phase of drilling to be completed in the target area. Drilling was undertaken on nominal 100-metre-by-50-metre spacing and designed to test coinciding favourable intersecting structures with an anomalous gold-in-soil geochemical anomaly and adjacent to artisanal workings. Some anomalous intercepts greater than 0.5 g/t Au are listed below. Highlights include:

DIRC12-089 -- 20 metres at 1.4 g/t Au from 46 metres;
DIRC12-092 -- Seven metres at 2.53 g/t Au from 140 metres;
DIRC12-093 -- 23 metres at 1.26 g/t Au from 120 metres;
DIRC12-101 -- 11 metres at 4.35 g/t Au from 133 metres (including two metres at 16.87 g/t Au from 133 metres);
DIRC12-107 -- Three metres at 1.9 g/t Au from 96 metres.

Drilling has intercepted a zone of steeply dipping gold mineralization up to 16 metres thick in true thickness that continues 600 metres along strike and remains open downdip. In comparison with blocks A and B, gold mineralization is interpreted to be associated with an east-northeast-striking felsic intrusion.

The Asanko regional exploration project is a regionally contiguous group of tenements covering about 55 kilometres of strike in the Asankrangwa gold belt and is located immediately south of PMI's Obotan project. The company and that of the future merged company Asanko Gold's exploration approach within the southern Asankrangwa gold belt will be to continue the development of the resource targets within 15 kilometres of the Nkran deposit (Obotan project) and the exploration of other significant resource targets within the Asankrangwa gold belt.

PMI Gold's managing director and chief executive officer, Collin Ellison, said: "The results of the exploration program at Diaso indicate the high prospectivity of the Asankrangwa gold belt to host significant economic mineralization within the Asanko project area. Outside of the currently known gold mineralization, the Asankrangwa gold belt has only been superficially explored with drilling generally limited to shallow depths. PMI (and the future Asanko Gold) continue to be encouraged by the results and are planning further follow-up drilling for 2013 to test known mineralization along strike and at depth, as well as testing new and known target areas."

The information in this announcement that relates to exploration results is based on information compiled by Thomas Amoah, who is employed by Adansi Gold Company (Ghana) Ltd., a wholly owned subsidiary of PMI Gold Corp. Mr. Amoah, who is a member of the Australian Institute of Geoscientists (MAIG), has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity that he is undertaking to qualify as a competent person as defined in the 2004 edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves." Mr. Amoah consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Scientific and technical information contained in this news release has been reviewed and approved by Mr. Amoah, MSEG, a qualified person as defined under National Instrument 43-101. Mr. Amoah is not independent of PMI under NI 43-101. Fieldwork was supervised by Mr. Amoah (vice-president of exploration). Mr. Amoah consents to the inclusion of matters in this announcement based on information in the form and context in which it appears.

Drill cuttings were logged and sampled on site, with three-kilogram samples sent to the MinAnalytical preparatory laboratory on site and analyzed for gold by fire assay-atomic absorption on a 50-gram sample charge or by a screened metallics atomic absorption finish at the MinAnalytical laboratory in Perth. Internal quality control consisted of inserting both blanks and standards into the sample stream and multiple reassays of selected anomalous samples. Where multiple assays were received for an interval, the final value reported was the screened metallic assay if available, or in lieu of that the average of the other results for the interval. Results from the quality-control program suggest that the reported results are accurate. Intercepts were calculated with a minimum cut-off of 0.5 g/t Au at the beginning and the end of the intercept, allowing for no more than three consecutive metres of internal diluation of less than 0.5 g/t Au. True widths are estimated at from 60 per cent to 70 per cent of the stated core length.
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Knox85
schrieb am 06.01.13 19:02:01
Beitrag Nr. 3.618 (43.987.542)
Weiß jemand mit welchem Kurs die neue Firma an die Börse gehen wird?
Wie teuer wird denn eine Aktie des neuen zusammengeschlossenen unternehmen?

Knox
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Investnix
schrieb am 13.12.12 10:28:42
Beitrag Nr. 3.617 (43.923.138)