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Pelangio Exploration Inc.
Summary
| Project: | Dormaa | |
|---|---|---|
| Deposit: | Dormaa | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 8/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2018: Pelangio Exploration Inc. announces an Exploration/Drilling Update report for its Dormaa deposit at the Dormaa project. JV - Drilling results incl. 1.5m @ 1.2g/t Au from 20.0m. “Company”) announces results from Air Core (“AC”) drilling carried | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Warren Bates (Not stated) | |
| ABSTRACT: | “Company”) announces results from Air Core (“AC”) drilling carried out using the Multi-Power Grasshopper AC/RC drill rig on the Dormaa Property, Ghana, West Africa. The AC drill program was designed to test significant gold in soil geochemical anomalism at multiple locations. A total of six soil anomalies were tested in this program. The targets were located at Amasu, Pampamsu, Aboabo No. 1 and Subinkrom within the Dormaa Project. The use of the Grasshopper AC/RC drill rig allowed the Company to cost-effectively test these early stage targets. Option Agreement with RosCan Minerals Corporation (“RosCan”) RosCan has the right to earn a 50% interest in the 86 km2 concession located in the Brong Ahafo Region of Ghana by paying a total of $260,000, ($10,000 of which has been received) and funding a total of $2,000,000 of exploration to be completed by Pelangio, ($300,000 of which has been received). The Company has been advised by RosCan that they have elected to discontinue the option on the Dormaa property to allow RosCan to focus on its core project, the Kandiole Project in Mali. As a result, 100% interest in the property will revert to Pelangio. | |
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