PMI Gold Appoints Pre-Feasibility Study Team for Development of the Obotan Gold Project

(firmenpresse) -
PMI Gold Appoints Pre-Feasibility Study Team for Development of the Obotan Gold Project

•First Class Pre-Feasibility Study Team Appointed for Obotan Project
•Obotan Resource Upgrade on track before the end of September 2011
•Obotan Pre-Feasibility Study on track before the end of December 2011
•Drilling ongoing at Obotan Gold Project with 3 rigs

PMI Gold Corporation (TSX.V: PMV) (ASX: PVM) is pleased to advise that it has appointed several leading international engineering and consultancy companies as key technical advisors to the pre feasibility Study on its 100%-owned Obotan Gold Project, located in southern Ghana, West Africa.

Each of the companies – GR Engineering Services, SRK Consulting, Knight Piésold Consulting and CSA Global - brings a depth of experience and expertise in the evaluation and design of gold projects from around the world and within West Africa. The appointment of this first class pre-feasibility study team ensures PMI Gold is well placed to best assess the potential of its significant gold resources at the Obotan Gold Project.

GR Engineering Services

GR Engineering Services has extensive international experience in the evaluation, design and construction of gold, nickel and base metal process facilities and mine support projects, including recent experience in the development of West African gold projects of a similar nature to Obotan.

Of particular significance is the appointment of senior GR Engineering project personnel who were involved in the original design and development of the Obotan Project on behalf of the previous owner, Resolute Mining Limited. GR Engineering is responsible for:

•Overall pre-feasibility Study project management;
•Process and engineering services for the process plant facility and associated services;
•Engineering services for project infrastructure; and

•Preparation and provision of the pre-feasibility document, inclusive of input from PMI Gold and specialist consultants SRK, Knight Piésold and CSA.

SRK Consulting

SRK Consulting is an internationally recognized leader in the mining industry for the provision of geological and mining related consultative services. SRK Consulting is responsible for technical design for:

•Geological and resources studies;
•Mining geotechnics;
•Mine planning for surface mining;
•Mine planning for underground mining; and
•Provision of advice on the environmental impact assessment.

Knight Piésold Consulting

Knight Piésold Consulting provide specialized services to the mining industry in the fields of geotechnical, geological, waste management and water resource engineering, and has an established office and presence in Ghana. Knight Piésold has been involved in the evaluation and engineering of services to many of the gold projects recently developed in Ghana. Knight Piésold isresponsible for:

•Tailings management;
•Plant site foundations assessment;
•Site water management studies; and
•Waste rock and tailings geochemistry.

CSA Global

CSA Global is a multi-disciplinary services consultancy providing geological database management, mining and sustainability services to the mining industry. CSA is responsible for:

•Review of data capture, policies and procedures and develop project database;
•Development of best practices in data management; and
•Development of PMI Gold’s geographic information systems (GIS)

PMI Gold will have overall oversight of the pre-feasibility study, and will maintain operating responsibility and provide the necessary support to the pre-feasibility Study team, with particular responsibility for:

•Resource drilling, which is ongoing at the Obotan Gold Project with 3 diamond rigs. An additional 2 rigs will become available for PMI’s drilling fleet within the coming months.
•Metallurgical sample drilling;
•Geotechnical sample drilling;
•Hydrogeological drilling;
•All permitting;
•Management of environmental baseline study; and
•Sociological and community assessment and relations.

The appointment of the Obotan Gold Project pre-feasibility team represents a significant step for PMI Gold towards its objective of becoming a significant West African gold producer. The appointment ensures that PMI Gold remains on track for a resource upgrade at its Obotan Gold Project in September 2011 and release of its Obotan Gold Project pre-feasibility study in December 2011.

The CSA Global team is currently working with PMI Gold’s technical team at the Obotan Gold Project in Ghana. Key members of the pre-feasibility study team from GR Engineering Services, SRK Consulting and Knight Piésold Consulting will visit the Obotan Gold Project next week.

On behalf of the Board,
Collin Ellison
Managing Director/CEO

For further information please contact:
Canada: Dianne Szigety, Corporate Secretary: 1 (604) 682-8089 Toll-Free: 1 (888) 682-8089
Australia: Collin Ellison, Managing Director & CEO: (+61) 401 888 323
or Nicholas Read / Paul Armstrong, Read Corporate: +61 8 9388 1474 Mobile: +61 419 929 046
or visit the PMI Gold Corporation website at www.pmigoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Datum: 21.06.2011 - 10:47 Uhr
Sprache: Deutsch
News-ID 30648
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