PMI Gold Corp. (TSXV:PMV) was up more than 67 per cent

October 14, 2011 7:58 AM23 commentsViews: 54

PMI Gold Corp. (TSXV:PMV) was up more than 67 per cent

TORONTO – Stock in PMI Gold Corp. (TSXV:PMV) was up more than 67 per cent Friday, a day after the company reported a more than tripling of resources at its flagship Obotan gold project in Ghana.

“The significant size and strong grade of the interim resource demonstrates the potential for a substantial and long-life gold project at Obotan,” the company said in a release issued Thursday.

The company also said there was “significant scope for future resource increases” that will be tested by ongoing drilling.

On the TSX Venture Exchange, stock in PMI was up 39 cents, or 67.24 per cent, at 97 cents Friday morning with more than 8.5 million shares traded, making it the most active issue on the Venture.

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