-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UemnoPA0oWGKiEc+f81th0Wn0qZRkE3F1fh7nFUgvAla3oS+OUSgzzh6KrDn+B/N UzvHKb4LnnQUBhj7FWBiOw== 0001062993-04-001460.txt : 20040915 0001062993-04-001460.hdr.sgml : 20040915 20040915154855 ACCESSION NUMBER: 0001062993-04-001460 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040105 FILED AS OF DATE: 20040915 DATE AS OF CHANGE: 20040915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PMI VENTURES LTD CENTRAL INDEX KEY: 0001222108 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50418 FILM NUMBER: 041031696 BUSINESS ADDRESS: STREET 1: 1760-750 WEST PENDER ST CITY: VANCOUVER STATE: A1 ZIP: V6C 2T8 BUSINESS PHONE: 6046817474 6-K 1 form6k.htm REPORT OF FOREIGN PRIVATE ISSUER Filed by Automated Filing Services Inc. (604) 609-0244 - PMI Ventures Ltd. - Form 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A or 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of:  January 2004 File No.:  0-1222108 

PMI VENTURES LTD.
(Translation of Registrant's Name into English)

511 – 475 Howe Street, Vancouver, BC Canada V6C 2B3
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20F or Form 40F:

Form 20F   x  Form 40F  ¨  

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes   ¨   No   x  

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with rule 12g-3-2(b): 82 - _____________ .


SUBMITTED HEREWITH

Exhibits

99.1
   
99.2

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  PMI VENTURES LTD. 
     
Date:   August 31, 2004  By: /s/ Douglas MacQuarrie 
   
  Title: Chief Executive Officer 
     


EX-99.1 2 exhibit99-1.htm PRESS RELEASE DATED JANUARY 5, 2004 Filed by Automated Filing Services Inc. (604) 609-0244 - PMI Ventures Ltd. - Exhibit 99.1

PMI VENTURES LTD.
Suite 511 – 475 Howe Street
Vancouver, BC V6C 2B3
Phone: (604) 681-8069 Fax: (604) 682-8094

News Release #04-01  TSX Venture: PMV 
January 5, 2004  Issued & Outstanding: 23,475,397 
  Fully Diluted: 32,768,555 

SIGNIFICANT GOLD MINERALIZATION DISCOVERED IN SCHOOL ZONE EAST AREA

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.

SCHOOL ZONE EAST – L16N AREA. Four short rotary holes, 03FBRC67 to 70, were completed along a line located 50 metres to the north east of previously reported holes 03FBRC20 through 24. These holes were drilled to test for a northeastern extension of the wide, low-grade gold mineralized zone intersected earlier in the program and previously released. Significant assays were as follows:

HOLE NO. AZIMUTH  DIP  LENGTH         INTERCEPT         INTERCEPT LENGTH     AU GRADE 
   (deg.)  (deg.) (m)  from (m)  to (m)         (m)  (ft)  (g/t)  (oz/ton) 
03FBRC69     135  -50  66.0  24.0  28.0         4.0  13.1  1.46  0.04 
        40.0  52.0         12.0  39.4  2.75  0.08 
 including        40.0  44.0         4.0  13.1  6.48  0.19 
03FBRC70     135  -50  72.0  44.0  45.0         1.0  3.3  1.33  0.04 

The assay results from hole 03FBRC69 are very encouraging and show a tripling of the gold grades from the initial School Zone East discovery holes and now confirm that potentially economic gold grades and widths, comparable with the gold grades and widths in other operating gold mines in Ghana, occur in the School Zone East area. The above gold intersections are associated with a significant geophysical IP anomaly with a strike length of some 500 metres that will be the subject of continued drilling in January – February 2004.

The results of the recent 4500 metre drilling program on the Fromenda concession have confirmed three new gold discoveries – out of the four areas where drilling was completed. Each of these new discoveries – the parallel target on the Fromenda Grid "B" zone, the School Zone North and East zones – and the southern extension of the main gold mineralized area at Grid "B" will receive additional drilling when the drilling resumes in mid January 2004. For further information and detail maps please refer to the companies web site noted below.

PMI Ventures' plans for the year 2004 include continuation of the current drill program to expand known gold mineralized zones both on strike and to depth together with a significant deep sensing, three dimensional geophysical program that will be implemented in late January 2004. This geophysical program is designed to identify possible gold mineralized structures that exist at depth to be tested by an increased level of drilling in the second quarter of 2004. The


Company at present has cash reserves in excess of $2.3 million that is more than adequate to finance the planned exploration activities.

Douglas R. MacQuarrie, P.Geo. (B.C.), the VP of Exploration for the Company and Goknet Mining Company Limited, supervised and directed all work associated with the drilling program. Sample analyses were conducted by SGS Analabs in Bibiani, Ghana utilizing industry standard 50g fire assay techniques, with atomic absorption finish. The QA program consists of random blanks and standards inserted into the sample stream, and cross checking of randomly selected duplicate samples assayed at independent laboratories.

PMI has an option to earn up to 85% of the interest that Goknet Mining Company Limited, a privately held Ghanaian mineral exploration company, holds in nine exploration concessions and applications. Goknets' interests vary from 85% to 100%, subject to a 10% non-participating interest in favour of the Government of Ghana.

On behalf of the Board,

"Arthur T. Fisher"

Arthur T. Fisher
President

For more information please contact:

Arthur Fisher  or  Warwick G. Smith 
President    VP Shareholder Communication 
Telephone: (604) 681-8069    Telephone: (604) 682-8089 
Facsimile: (604) 682-8094    Toll-Free: 1 888 682-8089 
    Facsimile: (604) 682-8094 

Or visit the PMI Ventures Ltd. website at www.westafricangold.com, and Goknet Mining Website at www.goknet.net

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.


EX-99.2 3 exhibit99-2.htm MATERIAL CHANGE REPORT AND PRESS RELEASE DATED JANUARY 26, 2004 Filed by Automated Filing Services Inc. (604) 609-0244 - PMI Ventures Ltd. - Exhibit 99.2

This is the form of a material change report required under section 85 (1) of the Securities Act and section 151 of the Securities Rules.

BC FORM 53-901F
(Previously Form 27)

Securities Act
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT

Note:
This form is intended as a guideline. A letter or other document may be used if the substantive requirements of this form are complied with. 
   
Note:
If this report is filed on a confidential basis, put at the beginning of the report in block capitals "CONFIDENTIAL – SECTION 85", and file in an envelope marked "Confidential – Attention: Supervisor, Financial Reporting". 
   
   
1.
Name and Address of Company 
   
 
PMI VENTURES LTD. 
 
Suite 511 - 475 Howe Street 
 
Vancouver, British Columbia V6C 2B3 
   
2.
Date of Material Change 
   
 
January 23, 2004
   
3.
News Release 
   
 
A news release was issued on January 26, 2004 at Vancouver, British Columbia.
   
4.
Summary of Material Change 
   
 

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.

Mr. Laurie Sadler, a director, has been appointed as interim President. Mr. Sadler, a chartered accountant and MBA, has been involved in the Company for the last four years and has actively assisted Mr. Fisher in the co- management of PMI Ventures Ltd. since Mr. Fisher's appointment in the fall of 2002.

   
5. 
Full Description of Material Change 
   
 

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.

As President, Mr. Fisher managed the Company's Vancouver office and oversaw the Ashanti II Deep Gold exploration project in Ghana, West Africa. The exploration project in Ghana has a well-developed, self-



2

 
contained management structure under the leadership of Douglas R. MacQuarrie, P.Geo. (B.C.). Mr. MacQuarrie currently acts as the VP of Exploration for the Company and holds a B.Sc in Geology and Geophysics (Combined Honours) from the University of British Columbia. Mr. MacQuarrie has been actively involved in gold exploration in West Africa since 1993.
 
 
Mr. Laurie Sadler, a director, has been appointed as interim President. Mr. Sadler, a chartered accountant and MBA, has been involved in the Company for the last four years and has actively assisted Mr. Fisher in the co- management of PMI Ventures Ltd. since Mr. Fisher's appointment in the fall of 2002.
 
 
PMI Ventures Ltd. will continue with its planned drilling program as outlined in the Company's January 5, 2004 press release. Drilling is scheduled to start on February 5, 2004. The initial phase of the drill program will consist of deep diamond drilling on the School Zone and the commencement of a significant deep sensing, three- dimensional geophysical program. This geophysical program is designed to identify potential gold mineralized structures at depth which will be aggressively tested by further drilling in the second quarter of 2004. The exploration budget allotted to Ashanti II Deep Gold Project drill program is US$1 million dollars and will represent the largest drilling program undertaken by PMI Ventures Ltd. to date. The funds to conduct this program are in place.
 
 
PMI has an option to earn up to 85% of the interest that Goknet Mining Company Limited, a privately held Ghanaian mineral exploration company, holds in nine exploration concessions and applications. Goknets' interests vary from 85% to 100%, subject to a 10% non-participating interest in favour of the Government of Ghana.
 
6.     
Reliance on Section 85(2) of the Securities Act (British Columbia)
 
 
Not applicable.
 
7.     
Omitted Information
 
 
Not applicable.
 
8.     
Senior Officer
 
 
Laurie Sadler, President Telephone: 604-681-8069
 
9.     
Statement of Senior Officer
 
 
The foregoing accurately discloses the material change referred to herein.
 
 
DATED at Vancouver, British Columbia, this 27th day of January, 2004.

 

"Laurie Sadler"                                    
Laurie Sadler, President


PMI VENTURES LTD.
Suite 511 – 475 Howe Street
Vancouver, BC V6C 2B3
Phone: (604) 681-8069 Fax: (604) 682-8094

News Release #04-01  TSX Venture: PMV 
January 26, 2004  Issued & Outstanding: 23,475,397 
  Fully Diluted: 32,768,555 

APPOINTMENT OF INTERIM PRESIDENT & CONTINUATION OF EXPLORATION PROGRAM

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.

As President, Mr. Fisher managed the Company's Vancouver office and oversaw the Ashanti II Deep Gold exploration project in Ghana, West Africa. The exploration project in Ghana has a well-developed, self-contained management structure under the leadership of Douglas R. MacQuarrie, P.Geo. (B.C.). Mr. MacQuarrie currently acts as the VP of Exploration for the Company and holds a B.Sc in Geology and Geophysics (Combined Honours) from the University of British Columbia. Mr. MacQuarrie has been actively involved in gold exploration in West Africa since 1993.

Mr. Laurie Sadler, a director, has been appointed as interim President. Mr. Sadler, a chartered accountant and MBA, has been involved in the Company for the last four years and has actively assisted Mr. Fisher in the co-management of PMI Ventures Ltd. since Mr. Fisher's appointment in the fall of 2002.

PMI Ventures Ltd. will continue with its planned drilling program as outlined in the Company's January 5, 2004 press release. Drilling is scheduled to start on February 5, 2004. The initial phase of the drill program will consist of deep diamond drilling on the School Zone and the commencement of a significant deep sensing, three-dimensional geophysical program. This geophysical program is designed to identify potential gold mineralized structures at depth which will be aggressively tested by further drilling in the second quarter of 2004. The exploration budget allotted to Ashanti II Deep Gold Project drill program is US$1 million dollars and will represent the largest drilling program undertaken by PMI Ventures Ltd. to date. The funds to conduct this program are in place.

PMI has an option to earn up to 85% of the interest that Goknet Mining Company Limited, a privately held Ghanaian mineral exploration company, holds in nine exploration concessions and applications. Goknets' interests vary from 85% to 100%, subject to a 10% non-participating interest in favour of the Government of Ghana.

On behalf of the Board,

"Laurie Sadler"

Laurie Sadler
President


For more information please contact:

Laurie Sadler  or  Warwick G. Smith 
President    VP Shareholder Communication 
Telephone: (604) 681-8069    Telephone: (604) 682-8089 
Facsimile: (604) 682-8094    Toll-Free: 1 888 682-8089 
    Facsimile: (604) 682-8094 

Or visit the PMI Ventures Ltd. website at www.pmiventures.com and Goknet Mining website at www.goknet.net

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.


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