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Pelangio Exploration Inc.
Summary
| Project: | Manfo | |
|---|---|---|
| Deposit: | Nkansu | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 5/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-5-2018: Pelangio Exploration Inc. announces an Exploration/Drilling Update report for its Nkansu deposit at the Manfo project. Drilling results incl. 73m @ 0.59g/t Au from 97m. TORONTO, Ontario (May 2, 2018) – Pelangio Exploration Inc. (PX:TSX-V; OTC PI | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Warren Bates (Internal) | |
| ABSTRACT: | TORONTO, Ontario (May 2, 2018) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF) (“Pelangio” or the “Company”) announces results from the diamond drill program underway at the Manfo Project in Ghana, West Africa. The area of focus was the Nkansu zone to follow up on previous drilling, including holes, SGRC-322 which intersected 49.5 metres at 1.18 g/t Au and SGRC-332 which intersected 42 metres at 1.00 g/t Au. Nkansu The Nkansu area is located 2.5 kilometres (“km”) to the south west of the Pokukrom East deposit. Nkansu was discovered in November 2011, after a single drill hole tested a two point, 40ppb (very weak) gold in soil anomaly, coincident with an interpreted structure from airborne magnetic data. The area is approximately 1100 metres (“m”) north-south by 800 m east-west. All mineralized intercepts are core lengths with length weighted average gold grades, true widths are expected to be 75-85% of core lengths. Results from the two holesremaining in this program at Pokukrom East and Nkansu North will be released once the assay results have been received and interpreted. Further exploration is planned for future programs to be conducted on extensions to known mineralization near Pokukrom East and West, Nfante East and Sika North. In addition, two untested (500m long) soil anomalies at Bomfa, in the north part of the project remain. Additional follow up also remains to be completed on eight untested IP targets on the nine-kilometre trend to the east as well as parallel structures to the west. | |
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