Pelangio Exploration : Fact Sheet - Ghana June 2021
June 03, 2021
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P E L A N G I O
EXPLORATION
PX TSX-V
EXPLORING CAMP-SIZED PROPERTIES
ON WORLD CLASS GOLD BELTS
GHANA, WEST AFRICA
Obuasi (284 km2)
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
High grade drill intercepts include:
PG11-NGT-121- 1m of 24.50 g/t gold
PG11-NGT-122- 2m of 11.28 g/t gold
Significant Targets
Numerous untested targets exist along the property boundary Targets are 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
Dankran (34.65km2)
Soil sampling of 1,235 samples initiated in Q42020 Northeastern extension of Pelangio's Obuasi project - added an additional seven km of strike on the Ashanti Belt Adjacent to historic Obuom mine that produced 29,000 oz of gold at an average grade of 16 g/t in the 1930's
Drill program underway
Where There
is History
There is
Potential
P o s i t i o n i n g -
L o c a t i o n - l o c a t i o n - l o c a t i o n
P E L A N G I O
EXPLORATION
PX TSX-V
GHANA, WEST AFRICA
Manfo (96 km2)
Located on the Sefwi Belt 17 km SE of
Newmont's Ahafo Plant
100% owned (subject to 10% government interest)
Eight near-surface gold discoveries by drilling gold in soil anomalies over a 9km NNE trend 38,000 m of core drilling; Maiden resource estimate in 2013* with three open pit resource areas defined:
Indicated: 195,000 oz Au (at 1.5 g/t)**
Inferred: 298,000 oz Au (at 1.0 g/t)***
Considerable data recompilation, reinterpretation and target generation completed
Conducted infill soil sampling refining several targets in Q32020
Exploration AC and resource-extension DD drilling programs planned
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.
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Pelangio Exploration Inc. published this content on 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 20:30:06 UTC.
Pelangio Exploration Inc. is a Canada-based company, which acquires and explores land packages on strategic gold belts in Ghana, West Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100 square kilometers (km2) Manfo property, the site of seven near-surface gold discoveries, and the 284 km2 Obuasi property, located four kilometers (km) on strike and adjacent to AngloGold Ashantiâs prolific high-grade Obuasi Mine, as well as its Dankran property located adjacent to its Obuasi property. Its Canada projects include Gowan Polymetallic, Dome West, Birch Lake, Grenfell, Kenogaming, Hailstone and others. The Gowan polymetallic project is a 4.3 km2 property located in Gowan Township, 27 km northeast of the City of Timmins, Ontario and 16 km due east of Glencoreâs Kidd Mine Site. Pelangio's Dome West property is located within the main Timmins camp approximately 800 meters west of Newmontâs Dome super pit.