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Strategies & Market Trends : Ride the Tiger with CD

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To: Boolish who wrote (209131)1/9/2012 3:54:10 PM
From: cole steel  Read Replies (1) of 312830
 
Thanks Boo. From the 12-22-11 news release...

  • Prefeasibility study scheduled for completion at end of calendar 2011 (Delayed for Q1 2012)
To date, PMI Gold has completed 267 diamond drill holes totalling 68,375 metres at the Obotan project.

Resource expansion, metallurgical sampling and geotechnical drilling continues at Obotan with three diamond core rigs currently active. These rigs have been supplemented by a dedicated multipurpose RC/diamond core drill rig which recently commenced drilling at Nkran.

A new sample preparation facility has been set up for exclusive use by PMI at the Obotan project. Due to delays in assay turnaround times by contract laboratories in Ghana during 2011, PMI Gold contracted AMS/MinAnalytical Laboratory Services Australia Pty. Ltd. to supply and operate a sample preparation facility located at Nkran. The first processing of samples commenced in November and it is expected that the company will see an improvement in the turnaround times for results.
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