PMI Gold confirms exploration targets
THE DRILL SERGEANT: Perth-based gold explorer PMI Gold Corporation is gathering speed at its Kubi Gold project in Ghana.
The Kubi project is located 50 kilometres east of PMI Gold’s Obotan gold project, which in turn is 15km immediately south along strike from the Obuasi gold mining complex owned by AngloGold Ashanti.
In the other direction, some 12km north west is the Ayanfuri gold deposit owned by Perseus Mining.
The recently completed first phase of shallow auger drilling program at the Kubi project was focussed on the Ashanti Shear.
The auger drilling program was undertaken on an initial line spacing of 200m apart, with holes drilled at a 25m on‐line spacing to depths of 3‐5 metres.
In‐fill sampling was carried out on 100m spaced lines in areas of anomalism.
A total of 38 lines were drilled, comprising 1,048 holes for total drilling of 4,831 metres.
To date, PMI has received assay results for 823 samples of the total 2,663 samples, representing approximately 35% of the overall program.
“Significant gold anomalism has been defined by a 40 parts per billion gold threshold over a total strike length of up 1.2 kilometres along the Ashanti Shear,” PMI said in its ASX announcement.
“Within this anomaly peak zones of greater than 200 parts per billion gold, with maximum gold concentrations of up to 2,000 parts per billion (2 grams per tonne gold), were delineated over strike intervals of 100 metres to 200 metres.”
PMI is confident the results it has received so far confirm the reliability of the historical anomalous soil sampling results and also provide additional detailed information from which it can carry out further auger sampling plus follow‐up Aircore and RC drilling.
PMI said it expects a second auger program to commence following review of the first phase results, and will be extended into other tenement areas.
PMI Gold’s managing director Collin Ellison said the results of the shallow auger program were very encouraging and highlighted the significant exploration potential of the Kubi Project for further occurrences of high grade gold mineralisation along the Ashanti Trend as well as the parallel Kubi Trend.
“The auger drilling has confirmed the results of previous soil geochemistry and defined priority areas for deeper drilling, which is scheduled to commence within the next two months,” he said in the announcement.
“In addition, we have been able to develop a clearer understanding of the structural setting which will assist in delineating targets for future drilling.
“The occurrence of the same series of east‐northeast trending structures that coincide with the Ayanfuri deposit are considered to be of particular interest for future exploration.”