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News and Links to Articles - 2004
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Copy of December 23rd 2004 News Release from PMI Ventures Ltd.
Closing of Private Placement
"PMI Ventures Ltd. (the "Company") (TSX Venture: PMV), is pleased to announce that the Company has now closed its recently announced non-brokered private placement in the amount of 3,175,000 units at the price of $0.20 per unit. Each unit is comprised of one common share and one non-transferable share purchase warrant exercisable until December 22, 2005 at an exercise price of $0.35...." {more}
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Copy of December 17th 2004 TSX Venture Exchange Notice
PMI Ventures 3.17-million-share private placement
"The TSX Venture Exchange has accepted for filing documentation with respect to PMI Ventures Ltd.'s non-brokered private placement announced Oct. 6 and Oct. 25, 2004..." {more}
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Copy of December 8th 2004 News Release from PMI Ventures Ltd.
Executive Chairman Appointed
"PMI Ventures Ltd. (the "Company") (TSX Venture: PMV), is pleased to announce that Mr. Pearce Bowman, P. Eng., has joined the Board of Directors of the Company as its Executive Chairman, effective immediately. Mr. Bowman has extensive experience in the management of major resource companies. During the late 1990's he held the position of Executive General Manger for WMC Resources Ltd., (Western Mining Corporation) with responsibility for the Copper Uranium Division including the oversight of the major $2 billion expansion of their Olympic Dam operations in South Australia..." {more}
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Copy of December 6th 2004 News Release from PMI Ventures Ltd.
Ashanti II Gold Project Update
"PMI Ventures Ltd. (the "Company") (TSX Venture: PMV), is pleased to announce that it is currently undertaking a road show presentation to the exploration managers of major and mid size gold companies. The Company believes that an exploration partnership is potentially the most effective way to progress the geological assessment of the company's 380 square kilometres of highly prospective concessions in southwest Ghana. The concessions cover a 50 kilometer strike length of the Asankrangwa Gold Belt, with the northeastern boundary located some 8 kilometers south west of the Obotan mine. The presentation has been prepared following the receipt of a report from SRK Consulting Ltd. ("SRK") and the completion of the 1,785 line kilometer high resolution airborne EM and magnetic survey over all of the concessions that make up the Ashanti II Gold Project..." {more}
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Copy of November 1st 2004 News Release from PMI Ventures Ltd.
PMI Ventures Ltd. Completes Acquisition of Diaso-Afiefiso Concession, Ghana; New Showing Discovered on Switchback South Concession; Management Consultant Appointed
"PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], is pleased to announce that it has completed the acquisition of the Diaso-Afiefiso Concession, one of eight mineral concessions operated by the Company and located along the axis of the Asankrangwa Gold Belt in southwest Ghana. This now completes the key land purchases envisaged in the November 2002 Option Joint Venture Agreement with Goknet Mining Limited, at a cost of some US$200,000 less than originally forecast..." {more}
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Copy of October 1st 2004 News Release from PMI Ventures Ltd.
PMI Ventures Appoints SRK Consulting Ltd. For Major Review Of All Geological And Geophysical Data On The Ghana Concessions
"PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], is pleased to announce the appointment of SRK Consulting (Canada) Inc., Consulting Engineers and Scientists, to undertake a review and interpretation of the regional structural setting for all of the Company concessions comprising some 400 square kilometres in area. SRK Consulting Inc. is comprised of leading specialists on structural geology consulting to
some 1,500 of the world's major and medium sized metal and industrial mining houses. It has also recently completed a review of the regional and local structural controls for gold mineralization in the Ashanti-Obuasi area of southern Ghana..." {more}
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Copy of September 21st 2004 News Release from PMI Ventures Ltd.
Gold Soil Geochemical Anomaly Outlined, Ashanti II Gold Project, Ghana
"PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], is pleased to
announce that it has received results from a soil sampling program conducted on its Switchback North - Gyagyatreso Option concession, the northern most of eight Ashanti II Gold Project concessions operated by
the Company and located along a forty kilometre length of the Asankrangwa Gold Belt in Ghana, West Africa. Results indicate anomalous gold values over an area of one square kilometre co-incident with a prominent hill and its extension along the regional strike to the northeast. Two sub parallel zones, with values ranging from 100 ppb Au to a high of 4,350 ppb Au were outlined, each with strike lengths exceeding 1.5 kilometres. Spot soil highs up to ll,860 ppb Au were also noted. A follow up program to define drill targets is currently underway..." {more}
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Copy of September 8th 2004 News Release from PMI Ventures Ltd.
Results of Diamond Drill Program and Commencement of Airborne Survey, Ghana
"PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], is pleased to announce that it has received final assays from its recently completed drill program on its' Ashanti II Gold Project located on the Asankrangwa Gold Belt in Ghana, West Africa. Drilling within the Fromenda Grid "B" target area totaled 1444 meters in 7 widely spaced diamond drillholes. Approximately 18 kilometers to the southwest of this area, a further 2 diamond drillholes, totaling 430 meters, were completed in the Juabo target area...." {more}
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Copy of June 29th 2004 News Release from PMI Ventures Ltd.
PMI Ventures Ltd. Announces Commencement of Diamond Drill
Program, Ghana and Repricing and Grant of Share Options
"PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], is pleased to announce the commencement a 1,500 metre diamond drilling program on it's Ashanti II Gold Project located on the Asankrangwa Gold Belt in Ghana, West Africa. At the Company's Annual General Meeting held on Thursday, June 24, 2004, Mssrs. Len Dennis, Douglas MacQuarrie and Bruno Mossiman were elected as directors to hold office for the ensuing year. The shareholders also approved a resolution permitting the repricing of share purchase options which have been in effect for six months or longer..." {more}
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Copy of June 15th 2004 News Release from PMI Ventures Ltd.
PMI Ventures Ltd. Purchases Gemap Concession, Ghana
"PMI Ventures Ltd. (the “Company”) [TSX Venture: PMV], is pleased to announce that it has completed the buyout of the Gemap Concession, one of eight concessions that comprise its Ashanti II Gold Project located along the axis of the Asankrangwa Gold Belt in southwestern Ghana. Transfer of the entire interest of Nevsun Resources (Ghana) Limited in the concession was completed in the name of Adansi Gold Company (Gh) Ltd., subject to previously outlined underlying agreements, the 100% owned Ghanaian registered subsidiary of the Company. All necessary governmental approvals have been obtained and the transfer has been completed. Total consideration paid by the Company was US$50,000..." {more}
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Download / View PMI's June 2004 Toronto Conference Presentation
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Copy of June 8th 2004 News Release from PMI Ventures Ltd.
New CEO Announced
"PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], announces that Mr. Douglas R. MacQuarrie, formerly the Vice President of Exploration for the Company, has today been appointed as a Director and CEO, replacing Mr. Laurie Sadler who has resigned effective immediately. The Company thanks Mr. Sadler for his contributions. Mr. MacQuarrie, is a founding Director and shareholder in Goknet Mining Company Ltd. of Accra, Ghana, and was primarily responsible for the acquisition of the various concessions which make up the Company's Ashanti II Gold Project..." {more}
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Copy of May 5th 2004 News Release from PMI Ventures Ltd.
PMI Ventures Purchases Fromenda Concession, Ghana
"PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], is pleased to announce that it has completed the buyout of the Fromenda Concession, one of nine concessions that comprise its Ashanti II Gold Project located along the axis of the Asankrangwa Gold Belt in southwestern Ghana...." {more}
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Link to April 7th 2004 News Release from PMI Ventures Ltd.
Additional Drill Results; Drill Program Recommences Ashanti II Gold Project, Ghana
"PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], has received the final assay results from its initial 742 metres of the current 2,000 metre diamond drill program. Further significant assays were received from drill hole 04FBDDH05 which returned a 2.7 metre intersection grading 22.99 g/t Au..." {more}
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Copy of March 4th 2004 News Release from PMI Ventures Ltd.
High Grade Gold Intersected At Fromenda Grid "B" Main Zone
"PMI Ventures Ltd. (the "Company") [TSX Venture: PMV], is pleased to announce that it has received its best results to date, 04FBDDH07 returned 9 metres at 8.76 g/t Au and 22.65 metres at 5.65 g/t Au, from its ongoing diamond drill program on the Fromenda concession, one of nine exploration concessions and applications which comprise its Ashanti II Gold Project and which are located along a 50 km length of the axis of the Asankrangwa Gold Belt in southwestern Ghana..." {more}
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Link to February 23rd 2004 News Release from PMI Ventures Ltd.
Appointment of Advisory to the Board Of Directors - Mr. Philip Martin, B.Sc., M.B.A.
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Link to February 16th 2004 News Release from PMI Ventures Ltd.
Appointment to the Board of Directors - Mr. Marc Prefontaine, M.Sc., P.Geo.
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Copy of February 9th 2004 News Release from PMI Ventures Ltd.
"PMI Ventures Ltd. (the "Company") [TSX Venture:PMV] is pleased to announce that the next phase of diamond drilling has commenced on the Ashanti II Gold Project, Ghana. The program, to be completed over the next 5 months, will consist of 2,000 metres of diamond drilling; 80 line kilometres of deep sensing 3D IP geophysical surveys; and a significant rotary drill program to follow the IP surveys. Drilling will be concentrated primarily on the Fromenda concession in the Grid "B" Main and Parallel zones and on their extensions to the southwest and along strike and down dip of the recent discovery holes in the School Zone North and East areas. In addition, other significant exploration targets outlined throughout the 40 kilometre length of the concessions will also be drill tested..." {more}
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Link to "PMI Ventures tests gold targets in Ghana", Northern Miner article, February 6-12, 2004
(This link will redirect you to the PMI Ventures Ltd. web site, where a reprint of the article is located, with permission)
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Copy of January 26th 2004 News Release from PMI Ventures Ltd.
"PMI Ventures Ltd. (the "Company") [TSX Venture:PMV] is extremely sad to report that Mr. Arthur T. Fisher, the Company's President, passed away suddenly on Friday, January 23, 2004. Mr. Fisher was appointed as President on November 6, 2002. A professional engineer, graduate of the University of Edinburgh in mining engineering and business administration, Mr. Fisher touched many lives during his long and illustrious career. Our thoughts and prayers are with his family, friends and colleagues..." {more}
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Copy of January 5th 2004 News Release from PMI Ventures Ltd.
"PMI Ventures Ltd. (the 'Company') (TSX Venture:PMV), has received further assays from its recent rotary drill program on the Fromenda concession - one of nine contiguous concessions that comprise the Ashanti II project area and are located along a 50 kilometre length on the axis of the Asankrangwa Gold Belt of south western Ghana...." {more}
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