Friday 30th September 2016

Resource Clips



Pelangio reports Ghana Gold Assays including 36.21 g/t over 9m

Pelangio Exploration Inc PX:CA reported assays from the Pokukrom West and Nfante East areas of its Manfo Property in Ghana. Highlights include 36.21 g/t gold over 9 metres, 2.27 g/t over 8 metres, 8.68 g/t over 9 metres and 0.95 g/t over 33 metres.

VP Corporate Development Brendan Cahill told ResourceClips.com, “These Manfo geo-chem anomalies are big—the biggest one, at Pokukrum East, is 1,300 metres by 1,500 metres across—and we’re getting results on every single one of them.

“The most recent results were awesome: near-surface, high-grade results between two huge mines. The more research we do, the more we find it starting to look very similar to Red Back Mining’s RBI:CA Chirano Mine—a 5.5 million ounce deposit about 50 kilometres away on the same belt. It is notable too that Red Back was acquired by Kinross K:CA for $7.1 billion on August 2—the day before we announced picking up the Manfo Property. Where we are now is where Chirano was about ten years ago.

“We’re not quite at the stage of looking for a resource yet as there are a lot more targets and we want to unlock the full potential of the property. We have another 5,000 metres which we plan to have completed by the end of the year, then it’s full bore from there,” Cahill concluded. “Lots more work to be done, but we are extremely excited about this property.”

View Company Profile

Contact:
Ingrid Hibbard,
President/CEO,
905.875.3828

or Warren Bates,
Senior VP Exploration,
877.746.1632

by Ted Niles

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