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Pelangio Exploration Reports Additional Drilling Results from Manfo Property in Ghana

Pelangio Exploration Inc. (TSX VENTURE:PX)(OTC:PGXPF) has announced results from seven additional diamond drill holes totaling 990 metres at the Pokukrom East gold zone on the Manfo Property in Ghana.

Highlights of the drill results reported today include:

  • 2.14 grams per tonne (g/t) gold over 16 metres in SPDD-110, from 117 metres down-hole, including 3.05 g/t gold over 10 metres;
  • 4.17 g/t gold over 12 metres in SPDD-113, from 91 metres down-hole including
    9.49 g/t gold over 5 metres;
  • Second phase drilling program expanded to over 10,000 metres;
  • Assay results pending from near surface, high grade Pokukrom West zone.

"Drilling at Pokukrom East continues to intersect 10 to 15 metre intervals grading between 3 g/t to 5 g/t gold on a strike length in excess of 400 metres, with associated 30 to 50 metre bulk tonnage zones," stated Warren Bates, Senior Vice President Exploration. "Based on our continued success at Pokukrom East, we have planned further holes to intersect mineralization at depth and further to the north and south along strike. Follow-up holes will also be drilled at Nfante West and Nfante East, with the ongoing second phase program now expected to total over 10,000 metres. Additionally, the preliminary results of the aerial geophysical survey that we completed last November have generated a number of interesting new targets, which we are currently exploring with geochemical surveying and trenching. We are also awaiting assay results from the Pokukrom West zone, where we encountered exceptional grades in the first phase drilling program."

Geological Setting

Holes SPDD-108 to -111 were drilled in a fence as 110-metre step-outs to the north of holes SPDD-085 and -086, which intersected 1.36 g/t gold over 33 metres (including 3.37 g/t gold over 13 metres) and 0.60 g/t gold over 57 metres (including 1.11 g/t gold over 18 metres from surface), respectively.

SPDD-110 intersected two mineralized zones grading 0.51 g/t gold over 19 metres from 88 to 107 metres downhole and 2.14 g/t gold over 16 metres (including 3.05 g/t gold over 10 metres) from 117 to 133 metres downhole, respectively. The zones were separated by an essentially barren nine metre chloritic fault (from 107 to 116 metres, with 116 to 117 metres downhole containing anomalous mineralization), which may be the result of a post-mineralization event. The mineralization is hosted within a quartz-carbonate, hematite or sericite-pyrite altered metagranitoid.

Holes SPDD-112 to -114 were drilled in a fence as 100 metre step-outs to the north of holes SPDD-108 to -111. SPDD-113 intersected a zone of higher grade gold mineralization, including a high grade gold interval grading 9.49 g/t gold over five metres. The mineralization is hosted within a quartz-carbonate, hematite or sericite-pyrite altered metagranitoid.

Drilling at Pokukrom East to date has consistently intersected intervals of high grade gold mineralization from section to section over a strike length in excess of 400 metres. From the southernmost section, SPDD-088 intersected 7.07 g/t gold over 10 metres (cut to 30 g/t); 100 metres to the north, SPDD-107 intersected 3.53 g/t gold over 11 metres; 50 metres to the north, SPDD-106 intersected 3.47 g/t gold over 13 metres; 50 metres to the north, SPDD-085 intersected 3.37 g/t gold over 13 metres; 110 metres to the north, SPDD-110 intersected 3.05 g/t over 10 metres; and 110 metres to the north, SPDD-113 intersected 4.18 g/t over 12 metres. Further drilling is planned to trace this consistent higher grade gold mineralization to the north and south, respectively.

Drilling Progress and Exploration Outlook

Including the seven holes totaling 990 metres reported today, Pelangio has completed 35 drill holes totaling 5,533 metres in its second phase program on the Manfo Property, with assays pending on 15 of those holes. Based on results received during the second phase drilling program and preliminary results from the aerial geophysical survey completed in November 2011, the Company has increased the planned metreage of the second phase program to over 10,000 metres and will include further holes at Pokukrom East, Nfante West and Nfante East. The Company will release additional assay results as they are received.

The Company recently completed a stream sediment survey of the western portion of the Manfo Property in preparation for a recently commenced geochemical soil sampling program. This program will include infill sampling on 100 x 25 metre grids in the central area of the Property, as well as 400 x 50 metre grids in the western and eastern areas of the Property that were either not previously sampled or sampled on 800 x 50 metre grids. Nine trenches totaling 819 metres have also been completed to test various identified geochemical anomalies.

Pelangio's exploration focus on the Manfo Property is to identify near-surface, drill ready targets through geochemical sampling and to test and extend such targets with drilling and geophysical surveying. The Company's aim during 2011 is to discover and delineate as many gold mineralized zones on the Manfo Property as possible.

Quality Assurance/Quality Control and Qualified Person

The drill holes reported in this press release were drilled using HQ (63.5 mm) and NQ (47.6 mm) sized diamond drill bits. Company security is provided at the drill site. Contractors working for Pelangio conducted all logging and sampling. The core was logged, marked up for sampling using standard lengths of one metre, then split into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the Pelangio compound in Tepa, Ghana. The other half was sampled, placed into sealed bags and securely stored at the site until it was shipped to the ALS Chemex laboratory in Kumasi, Ghana. The core was dried and crushed by ALS Chemex and a 150 gram pulp was prepared from the coarse crushed material. ALS Chemex conducted routine gold analysis using a 50 gram charge and fire assaying with atomic absorption finish. Quality control procedures included the systematic insertion of blanks, duplicates and sample standards into the sample stream at the rate of one per every 20 samples. In addition, ALS Chemex inserted one preparation blank and a certified reference sample in for every 20 samples, and ran one duplicate analysis every 20 samples.

The exploration program at the Manfo Property is overseen by Warren Bates, P. Geo. (Ontario), a Qualified Person within the meaning of National Instrument 43-101. Mr. Bates has verified and approved the data disclosed in this release, including the sampling, analytical and test data underlying the information.

Source: Pelangio Exploration Inc.

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