100% owned (subject to gov't interest), located on the proliﬁc Ashanti Belt Immediately adjacent to AngloGold Ashanti's recently redeveloped 31M oz Obuasi Mine, host geology extends onto Pelangio's property
28,000 m diamond drilling (anomalous gold from every prospect tested), Mag and VTEM Surveys, extensive trenching and sampling completed; targeting by Condor, SRK and Beak Consultants
Drill highlights include: PG11-NGT-121 - 1m of 24.50 g/t gold, PG11- NGT-122 - 2m of 11.28 g/t gold
Numerous untested targets near the western property boundary Targets underlain by the same geological stratigraphy which hosts much of the ore at the Obuasi Mine
North Government Area ("NGA") Targets which lie along and near the main Birimian/ Tarkwaian contact
NE extension of the Obuasi project - added 7 km of strike on the Ashanti Belt
Adjacent to historic Obuom mine (produced 29,000 oz of gold at an average grade of 16 g/t in the 1930's)
2,491m of RC drilling in 36 holes completed on 6 fences Ten holes returned signiﬁcant results (at a cut-oﬀ of 0.40 g/t Au) with grades up to 6.07 g/t Au over 2.0 meters and mineralized widths up 0.47 g/t Au over
10.0 meters, along a strike length of 2.5 km
One-meterre-assays returned 14.17 g/t Au over 3m, including 39.20 g/t Au over 1m
Several signiﬁcant Au-in-soil anomalies remain to be tested over 2.7 km on Obuom Mine trend
P o s i t i o n i n g - S u c c e s s - D i s c o v e r y
L o c a t i o n - l o c a t i o n - l o c a t i o n
Mineral Resource Evaluation Technical Report, Manfo Gold Project, Ghana, June 21, 2013 by SRK Consulting (Canada) Inc., authored in accordance with Canadian Securities Administrators' National Instrument 43-101.
Indicated Resources consist of 3.973 million tonnes at an average gold grade of 1.52 g/tonne, calculated at a lower cut-oﬀ grade of 0.5 g/tonne for sulphide and transitional material, and 0.4 g/tonne for oxide material. Indicated resources are entirely within the US$1,450 Conceptual Pit Shell.
Inferred Resources consist of 9.666 million tonnes at an average gold grade of 0.96 g/tonne, calculated at a lower cut-oﬀ grade of 0.5 g/tonne for sulphide transitional material, and 0.4 g/tonne for oxide material. Inferred resources are tabulated both within and outside of the US$1,450 Conceptual Pit Shell, from surface to an elevation corresponding to the base elevation of the US$1,450 Conceptual Pit Shell, at 100 metres elevation.
Kevin Thomson, P.Geo, (APGO#0191), Senior Vice President of Exploration for Pelangio, has approved the statement in this document.
Pelangio Exploration Inc. published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 21:08:33 UTC.