Drilling starts on Ghana gold prospect

Canada’s PMI Ventures has announced that drilling has begun on its Ashanti II Deep Gold project in Ghana, West Africa.

An initial programme, consisting of 1 050 m of diamond drilling in eight to ten holes, is planned.

The first target being tested is in the Grid B area of the Fromenda concession.

Other drill targets lie along strike in the old Kukunapi Mine area, on the Gemap concession, located 20 km southwest of the Fromenda Grid B area, and in the Fromenda Grid A area, where geophysical analysis and testing has identified previously unexplored sulphide mineralised quartz reefs.

At the Ashanti Obuasi mine, located 40 km to the east of the project area, similar type gold sulphide quartz reef mineralisation occurs in raking ore shoots that generally average less than 200 m in length, four to 30 m in width, and may extend to depths greater than two kilometres.

The aim of this drill programme, the company says, is to confirm the previous trench and rotary percussion drill results, extend the zones to depth, and determine the rake direction of the gold mineralisation.

Additional diamond drilling and exploration work on the project area will be based upon the results from this initial drill programme.

PMI has an option to earn up to 85% of the interest that Goknet Mining Company of Accra, Ghana, holds in exploration concessions and applications covering an area of some 400 sq km, along a length of 50 km of the axis of the Asankrangwa Gold Belt in south western Ghana.

Goknet’s interests vary from 85% to 100%, subject to a 10% non-participating interest in favour of the government of Ghana.