December 28, 2009 (FinancialWire) — PMI Gold Corp. (TSX Venture: PMV) (CDNX: PMV.V) (OTC: PMVGF) recently announced the results from the first two drill holes in the Adubiaso pit area of the company’s Obotan Project in Ghana. The holes are the first of a proposed 28 drill hole program to validate the previous drill data base at Obotan. When the program is completed, an initial NI 43-101 mineral resource estimate will be prepared.

The quality control (“QC”) holes, ADP09-002 and ADP09-005 were drilled between/in the vicinity of holes drilled by the previous operator Resolute Amansie Limited prior to their completion of mining in December 2002. To that date, the Obotan mine produced a total of 730,000 ounces of gold from the Nkran, Adubiaso and Abore pits at an average grade of 2.2 g/t.

The current QC drill results are presented in a table accessible via the original company announcement (see link provided below).

PMV’s current market capitalization is approximately C$18.4 million, with 197,340,954 shares issued and outstanding. PMV’s stock last closed at C$0.15 per share.

(Source for the above article:  Yahoo! Canada)

(Original company announcement: http://ca.news.finance.yahoo.com/s/23122009/30/link-f-cnw-pmi-gold-corporation-first-holes-reported-28-drill.html)

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