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Friday, 10th September 2004 (4215 views)

Canadian mining firm PMI Ventures has revealed that final results from its drill programme on the Ashanti II Gold Project have shown gold values.<BR/><BR/>Although the results are positive, further drilling will take place later in the year to ascertain the prospects of ten other targets.<BR/><BR/>"The discovery of gold values in the new 3DIP anomalies is considered by management to be a very significant development, especially since they are hosted by major shear structures with spatially large geophysical responses," the company explained to Mining Weekly.<BR/><BR/>To establish a clear idea of exact structures a high-resolution magnetic survey will also be conducted.<BR/><BR/>The new site is based on the Asankrangwa Gold Belt in Ghana, West Africa.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3394057"/>

 

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