PMI appoints highly experienced geologistPMI appoints highly experienced geologist to lead aggressive exploration push in Ghana
VANCOUVER, May 9, 2011 (Canada NewsWire via COMTEX News Network) --
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TSX Venture Exchange: PMV Australian Securities Exchange: PVM Frankfurt: PN3N.F
VANCOUVER, May 9 /CNW/ - PMI Gold Corporation (TSX.V: PMV) (ASX: PVM) is pleased to advise that it has appointed Thomas Amoah as Exploration Manager for Adansi Gold Company, a wholly-owned subsidiary of PMI, to lead the expanding exploration and development activities at the Company's Obotan and Kubi gold projects and the additional 480km(2) tenement area within the Asankrangwa gold belt and adjoining the Obotan project.
The appointment of Mr. Amoah, who has extensive experience in resource exploration and project development within West Africa, is a key element of PMI's planned development of an experienced senior management team to develop the full potential of the Company's assets and transform the Company from a successful explorer to a substantial West African gold producer. Mr. Amoah was previously employed by Avocet Mining as their Exploration Manager in Burkina Faso, where he was responsible for the development and extension of the Inata Gold Mine resources and other deposits at the Belahouro Project area.
PMI Managing Director and CEO, Mr. Ellison said Mr. Amoah's exploration and mineral resource evaluation experience would be invaluable to PMI as it continues its development of a Pre-Feasibility Study at the Obotan Project, with resources of 1.2 million ounces(1), starts an exploration drilling programme at its Kubi Project, with resources of 348,000 ounces(2), and recommences exploration on its 70 kilometres tenement package in the Asankrangwa belt.
"PMI is accelerating its shift from a pure exploration company to one with substantial development opportunities which we are confident have the potential to underpin the Company's transition to major gold production status," Mr Ellison said. "These opportunities could lead to the development of a second project either at Kubi or within the Asankrangwa gold belt.
"The appointment of Mr. Amoah, combined with the $35 million capital raising that accompanied the Company's ASX listing in December, has left PMI ideally positioned for strong growth.
"PMI has a substantial resource inventory, an aggressive exploration program, a healthy war-chest and is developing a strong, experienced management team to achieve the next stage in the Company's development."
On behalf of the Board, "Collin Ellison" Managing Director/CEO