High-grade gold find in Ghana buoys explorer

Canadian explorer PMI Ventures reports that it has received its best results yet from an ongoing diamond-drill program on the Fromenda concession in Ghana.

It notes that drill hole 04FBDDH07 returned 9 m at 8,76 g/t gold and 22,65 m at 5,65 g/t gold.

The concession is one of nine exploration concessions and applications, which comprise its Ashanti II Gold Project and, located in southwestern Ghana.

To date, ten diamond drill holes totalling 742 m have been completed of the current 2 000 m diamond drill contract.

The company says that the latest result is important as it represents a 60% increase in contained gold over the previous best drill hole (207 g/t gold metres versus 128 g/t gold metres) and demonstrates that the structures and geology that host the gold mineralisation along the 40 km strike length could yield potentially mineable underground grades and large widths.