TSX-listed gold company PMI Gold has intersected positive reverse circulation drilling results from its 100%-owned Diaso-Afiefiso concession, which is part of its Asanko project located in the south-west region of Ghana.The Asanko regional exploration project is a regionally contiguous group of tenements covering some 55 km of strike in the Asankrangwa gold belt and is located immediately south of PMI’s Obotan project. A total of 222 holes for 19405m were drilled to test three separate target areas highlighted as Block A, Block B and Block C. A total of 147 holes (12 560 m) were drilled in Block A, in Block B a total of 54 holes (4 697 m) were drilled and 21 holes (2 148 m)in Block C. These areas were targeted due to coinciding favourable structural settings, identified from airborne geophysics, with historical gold in soil anomalies.
Blocks A and B are located on the Fromenda Shear, which also hosts the Fromenda prospect located directly north of Block A.A total strike length of approximately 12 km between Fromenda and Block B has been tested to date. Block C is located on the Nkran Shear, which hosts the Nkran and Asuadai deposits within PMI Gold’s Obotan Prospect. The Fromenda and Nkran shears, along with the Abore Shear, form a regional north-east trending structural corridor (the Asankrangwa Gold Belt) interpreted to control the regional distribution of gold mineralisation, particularly at the intersections with cross-cutting east-northeast structures, as characterised by the Obotan deposits to the north. “The results of the exploration program at Diaso indicate the high prospectivity of the Asankrangwa Gold Belt to host significant economic mineralisation within the Asanko Project area. Outside of the currently known gold mineralisation, the Asankrangwa Gold Belt has only been superficially explored, with drilling generally limited to shallow depths. PMI (and the future Asanko Gold) continue to be encouraged by the results and are planning further follow-up drilling for 2013 to test known mineralisation along strike and at depth, as well as testing new and known target areas.” says PMI’s MD, Collin Ellison.