Pelangio Exploration has discovered new gold from nine diamond holes, totaling 1,891 m, drilled in an area located at the Manfo Property, Ghana. The company intersected 1.00 g/t gold over 12 m and 0.57 g/t gold over 70 m in hole SGDD-201; and 1.06 g/t gold over 12 m and 0.77 g/t gold over 23 m in hole SGDD-203.
According to Senior Vice President Exploration of Pelangio, Warren Bates, gold-bearing intersections show mineralization area along a distance of 700 m, on the southern and northern peripheries of a popular high-resistivity induced polarization (IP) anomaly.
The company’s recently identified mineralized gold is related to hematite and sericite altered granitoid rocks, at Nfante West and Pokukrom East. Pelangio has intercepted mineralization along a distance of about 700 m.
The Manfo property is mainly a cover play having geochemical anomalies that exist with erosional windows by means of the material, which lies over bedrock and within the mineralization. Geochemical response is not that strong in cover areas. Aerial magnetics together with responses to resistivity and IP surveys will be vital for identifying mineralization in these blind regions.
Over 15 fresh target areas, which display resistivity highs, have been discovered through surveys. Drill testing has been conducted at nine target areas for additional discoveries. In addition, an exploration campaign including drilling or surface work has been commenced.
The company drilled 37,313 m, totaling 178 holes at the Manfo property, wherein results of 152 hole have been released. It will report additional assay results, once they are obtained and assessed.
Pelangio has focused its exploration at the Manfo property in order to discover shallow and drill ready targets with geochemical sampling program and to examine and expand such target areas through geophysical surveying and drilling. It has aimed to prepare a preliminary resource calculation on the Manfo Property, while indicating the potential of the property to host several gold-bearing zones, having potential resource.