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Pelangio Exploration Provides Ghana Projects Update And Commencement Of Work On The Manfo Gold Project
TORONTO, ONTARIO / ACCESSWIRE / July 21, 2020 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Pelangio Exploration Provides Ghana Projects Update And Commencement Of Work On The Manfo Gold ProjectTORONTO, ONTARIO / ACCESSWIRE / July 21, 2020 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) (\"Pelangio\" or the \"Company\") is pleased to provide an update of activities on its Manfo gold project located in Ghana, West Africa.HIGHLIGHTSCompleted considerable data recompilation, reinterpretation and target generation for the 96 square kilometer (\"km2\") Manfo project which hosts three deposits that constitute the current maiden resource estimate;Designed programs of soil sampling and RAB drilling for the Manfo project covering multiple targets with RC drill testing of favourable results proposed to follow; and,Commenced the soil sampling program - July 15, 2020Ingrid Hibbard, President and CEO of Pelangio, commented, \"We are very pleased to commence our newly generated work programs at the Manfo project after a long hiatus. We feel confident that with the current stronger gold price, and renewed interested in gold exploration, Pelangio is poised to create value for our shareholders by our renewed exploration on the Manfo project. We approach these newly designed programs after having spent a great deal of time re-evaluating and reinterpreting the vast amount of data generated from previous exploration. Should these initial programs be successful in further discovery at Manfo, resource definition drilling will follow with the aim to add to the current resource base that was established by SRK in 2013\". Pelangio holds two large property positions totalling 380 km2 in the highly gold endowed Sefwi-Bibiani and Ashanti greenstone belts of southwestern Ghana. The Manfo Project, in the Sefwi-Bibiani belt, is located within 17 kilometers (\"km\") of Newmont's recently expanded 10 million tonne per annum Ahafo plant. Pelangio's Obuasi Project is situated immediately adjacent to AngloGold Ashanti's recently restarted 31 million ounce Obuasi Mine in the most gold fertile greenstone belt of West Africa, the Ashanti Belt. Note: Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.Both projects saw considerable exploration work conducted by Pelangio during the period of 2007 through 2012, including the discovery and definition of the maiden gold...