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 27M 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
Significant Targets:
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
Dankran (34.65km2)
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 six fences
Ten holes returned significant results (at a cut-off of
- 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
- 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
Drilling is planned to further test the 2.5 km long mineralized trend including several deeper diamond drill holes
Where There
is History
There is
Potential
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
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)
38,000m 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
4,200m of resource-extension diamond drilling
- 6,750m of exploration air-core drilling planned as the next steps to grow the resource
Q4-2021 completed two diamond drill holes at Pokukrom West returning 15m @ 3.81 g/t Au incl. 7m @ 5.65 g/t and 12m @ 3.19 g/t Au incl. 3m @ 6.85 g/t Au and discovered a new lode of mineralization down plunge of existing Pokukrom West resource
P E L A N G I O
EXPLORATION
PX TSX-V
Q4/2021 Pokukrom West Diamond Drilling Results
Sefwi Belt hosts 33 Gold | Multiple targets generated in recent data | ||||||
analysis to be tested in exploration and | |||||||
Deposits (20+ Million Oz) | |||||||
resource extension drilling programs | |||||||
C a p i t a l i z a t i o n | Tr a d i n g P X : T S X - | M a n a g e m e n t | D i r e c t o r s | ||||
V | |||||||
Shares Outstanding: | Market Cap. - $4.3 M | Ingrid Hibbard, President | Advisory Committee: | Ingrid Hibbard | |||
109,220,531 | 52 Week L/H - $0.025/0.15 | & CEO | Tony Makuch | David Mosher | |||
Stock Options: | Kevin Thomson,Senior | David Paxton | Al Gourley | ||||
Insiders, Family & | |||||||
6,227,500 | VP, Exploration | Philip Olson | JC St-Amour, Chairman | ||||
Warrants: | Associates = 20% | Sam Torkornoo, VP Africa | Kevin Thomson | ||||
57,285,065 | Source: TMX - January | Paul Rokeby, CFO | Laurie Clark | ||||
Fully diluted: | 18,2023 | Warren Bates, Senior | |||||
172,733,096 | Technical Advisor |
Contact Information Pelangio Exploration Inc., 82 Richmond Street East, Toronto, Ontario, Canada M5C 1P1 905 336 3828 info@pelangio.com pelangio.com
Disclaimer and Qualified Person
- 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.
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Pelangio Exploration Inc. published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 18:33:05 UTC.