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Pelangio Exploration Inc.
Summary
| Project: | Dormaa | |
|---|---|---|
| Deposit: | Dormaa | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 2/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-2-2018: Pelangio Exploration Inc. announces an Exploration/Drilling Update report for its Dormaa deposit at the Dormaa project. JV - Drilling results incl. 49.5m @ 1.18g/t Au from 54.8m. Toronto, Ontario (February 5, 2018) – Pelangio Exploration Inc. (P | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Warren Bates (Not stated) | |
| ABSTRACT: | Toronto, Ontario (February 5, 2018) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF) (“Pelangio” or the “Company”) is pleased to announce that it will begin diamond drilling at the Manfo Project in Ghana, West Africa. Pelangio also announces revisions to the Option and Joint Venture Agreement with RosCan Minerals Corporation (“RosCan”) on the Dormaa Project. Pelangio reports that a man portable diamond drill rig is now on site at the Manfo property with diamond drilling expected to begin within a week. “We are excited that the recently completed $1.2 million financing has enabled us to adjust the 2018 program to include significant diamond drilling on the Manfo Project to test 8 target areas,” commented Warren Bates, Senior Vice President of Exploration of Pelangio. “These target areas include follow up on previously drilled sections at Pokukrom East, one of three deposits included in the Maiden Resource Statement completed in June 2013 by SRK Consulting (Canada) Inc. In addition, the more recently discovered Nkansu zone will also be targeted to follow up on previous drilling, including holes, SGRC-322 which intersected 49.5m at 1.18 g/t Au and SGRC-332 which intersected 42m at 1.00 g/t Au.” The 2018 work program has been adjusted to focus on diamond drilling. This revised program consists of 18 to 20 holes of diamond drilling, totalling approximately 4000 metres, to test 8 target areas. The program will emphasize stepping out from known mineralization at 50 or 100 meter intervals. The initial diamond drill program will be completed on priority target areas at Nkansu and 3 priority target areas in the middle, south and north ends of Pokukrom East. Other targets will be assessed pending initial results, and include Nfante East, North Nkansu, Odumasi, and a 3km section of the main structure that remains unexplored. | |
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