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Pelangio Exploration Inc. Files NI 43-101 Technical Report for the Mineral Resource Estimate Update on Its Manfo Project and Provides Exploration Update
Toronto, Ontario--(Newsfile Corp. - September 10, 2025) - Pelangio Exploration Inc. (TSXV: PX) (O...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Pelangio Exploration Inc. Files NI 43-101 Technical Report for the Mineral Resource Estimate Update on Its Manfo Project and Provides Exploration UpdateToronto, Ontario--(Newsfile Corp. - September 10, 2025) - Pelangio Exploration Inc. (TSXV: PX) (OTC PINK: PGXPF) (\"Pelangio\" or the \"Company\") is pleased to announce that the updated, independent, Mineral Resource Estimate (the \"Resource\") for the Company's 100% owned Manfo Gold Project (\"Manfo\") in Ghana and completed by SEMS Technical Services Ltd. of Ghana is filed on SEDAR. As well, we are pleased to provide an exploration update.The Resource defines a total Indicated Mineral Resource of 441,000 ounces of gold at an average grade of 1.16 g/t Au and totalling 11,787,000 tonnes; andDefines a total Inferred Mineral Resource of 396,000 ounces of gold at an average grade of 0.77 g/t Au and totalling 16,048,000 tonnes.Adds a fourth deposit to the Resource for Manfo, the Nkansu deposit.Represents an increase of 126% in estimated gold ounces in the Indicated category plus an increase of 395% in estimated gold ounces in the Inferred category as compared to the Maiden pit-constrained mineral resource estimate that used $1,450 Au for its pit optimization.Plans for a $7,600,000 staged exploration program including up to 45,000 metres of drilling.Exploration programs are underway on Manfo and Nkosuo with the near completion of high-resolution UAV magnetics and orthophoto surveys and drilling is expected to start in November.Manfo Mineral Resource UpdateAn updated Mineral Resource Estimate (\"MRE\") for the Manfo gold project in Ghana was completed in August 2025 by SEMS Technical Services Ltd. of Ghana. The NI 43-101 Technical Report detailing the MRE update, with an effective date of July 31, 2025 and signed on September 03, 2025 has been filed and is now available for review on SEDAR+ (www.sedarplus.ca) and will be posted to the company's website (www.pelangio.com).The MRE update conducted by SEMS Technical Services resulted in a total Indicated resource for the Manfo Project of 11,787,000 tonnes averaging 1.16 g/t Au for 441,000 ounces of gold plus a total Inferred resource of 16,048,000 tonnes averaging 0.77 g/t Au for 396,000 ounces of gold. The Resource is contained in four deposits along a strike length of 4.9 kilometres. The pit-constrained MRE was conducted using a gold p...