Pelangio Exploration Inc. · TSXV:PX
Pelangio Exploration — Investor Presentation (September 2014)
29 slides from Pelangio Exploration's investor presentation, September 2014
Slide 1: Pelangio
PELANGIO hae Ls ex +i / Wake “id at i) a o www.pelangio.com tsxv:px - otcbb:pgxpf @PelangioEx 1
Slide 2: Cautionary Note Regarding Mineral Resource Estimates
Cautionary Note Regarding Mineral Resource Estimates Investors should not assume that any of the indicated or inferred resource disclosed herein will ever be upgraded to a higher category of mineral resource or to mineral reserves and that any or all of the indicated or inferred mineral resource exi
Slide 3: Mineral Resource Statement Manfo Gold Project, Ghana
Mineral Resource Statement* Manfo Gold Project, Ghana SRK Consulting, May 2013 Indicated Inferred Category Cut-off Quantity Grade Contained Quantity Grade Contained (000’ Au Au (000’ Au Au (Au gpt) tonnes) (gpt) (000’ oz) tonnes) (gpt) (000’ oz) Inside Pit: Laterite/Oxide 0.40 49 0.96 2 458 1.07 16
Slide 4: Strategy
Strategy Pelangio’s strategy is to acquire large land packages in highly prolific gold producing areas which have low political risk and to add value through exploration and resource development. Our strategy recognizes the cyclical nature of the gold sector and capitalizes on it by taking advantage
Slide 5: Properties
Properties • PX - Three Large Properties: Manfo - 100 Sq Km – Maiden resource (195,000 oz Indicated + 298,000 oz Inferred) on 3 of 7 mineralized areas discovered to date Obuasi - 264 Sq Km – High-Grade intercepts (24.5 G/t Au over 1 m, 11.28 g/t Au over 2 m) Akroma - 159 Sq Km –Large geochemical ano
Slide 6: Prolific Gold Producer
Prolific Gold Producer Ghana: In the Top 10 Countries by Ounces & Grade of +1,000,000 Oz Deposits 8th by Total Ounces -16 Deposits. - 122,053,281 oz 6th by Grade -1.95 g/t www.visualcapitalist.com/global-gold-mine-and-deposit-rankings-2013 9
Slide 7: Low Political Risk
Low Political Risk Politics: - Stable democratic government - Supportive of mineral exploration and production - Ability to permit and bring to production Gold Mining History: - Centuries of Gold Production (formerly called Gold Coast) - Obuasi Mine, in operation since 1897 Support for Mining: - Min
Slide 8: Exploration and Resource Development – Adding Value
Exploration and Resource Development – Adding Value • Discovery of 7 mineralized areas – maiden resource on 3 zones: Pokukrom East, West and Nfante West • Metallurgical testing -gold recovery 86% from sulphide and 94% from oxide • Received maiden resource estimate from SRK (195,000 oz Indicated and
Slide 9: Manfo
Manfo • 100 sq km on Ghana’s Sefwi Greenstone Belt • 14 km from Newmont’s flagship Ahafo mine and 50 km from Kinross’ Chirano mine • Same fault network as Chirano and Bibiani • Similar alteration style to Ahafo • 100% interest held by Pelangio (subject to 10% Gov’t interest and royalty interests) 14
Slide 10: Manfo
Manfo s • 9 kilometre geochemical trend, multiple structures • Seven near surface discoveries since August 2010 • Three areas at initial Resource stage: Pokukrom East and West, Nfante West • 86% gold recovery from sulphide, 94% from oxide 15
Slide 11: Manfo
Manfo Mineral Resource Statement* Manfo Gold Project, Ghana SRK Consulting, May 2013 Indicated Inferred Category Cut-off Quantity Grade Contained Quantity Grade Contained (000’ Au Au (000’ Au Au (Au gpt) tonnes) (gpt) (000’ oz) tonnes) (gpt) (000’ oz) Inside Pit: Laterite/Oxide 0.40 49 0.96 2 458 1.
Slide 12: • +1.0 g/t block model shown • Mineralization below pit not tabulated in this
• +1.0 g/t block model shown • Mineralization below pit not tabulated in this estimate • 175 m depth is pit bottom 18
Slide 13: • SGRC-289 -75m at 0.72 g/t including 33m at 1.09g/t • SGRC-290-55.5 m at
• SGRC-289 -75m at 0.72 g/t including 33m at 1.09g/t • SGRC-290-55.5 m at 0.40 g/t • SGRC-322- 49.5 m at 1.18 g/t • SGRC-323- 51m at 0.46 g/t • SGRC-324- 30m at 0.49 g/t • SGRC-325- 36m at 0.62 g/t incl. 10.5m at 1.33 g/t • SGRC-327- 1.5m at 9.05 g/t 21
Slide 14: Manfo Nkansu Longitudinal Section
rd Manfo Nkansu Longitudinal Section PELANGIO co co co coo |_| North South |_ 8 8 ‘Surface i Zo ‘SGRC-293, ~ = Abandoned ONRTD / / |SGRC-290 ‘SGDD-203 ‘SGDD-207 ‘| 55.5m @ 0.40 git 23m @ 0.77 git| |31m @ 0.39 git a a] 6 ~ A ISGRC-322 SGRC324 49.5m @ 1.18 g/t 30m @ 0.49 git| e { 2 is 8] Legend < 10 g
Slide 15: Manfo Work Program
ip Manfo PELANGIO Manfo Work Program Legend N 7] Pelangio Manfo Boundary A ©] _2014 Air Core Target Areas @G 2014 Re Target Areas > Known Mineralization SD Resource Areas 7” Major Faults mantonnj2016 eh agers hghignts md SGRC-327 6m @ 0.82 git 16.5m @ 0.59 git 3m @ 0.99 git 1.5m @ 9.05 git SGRC-322
Slide 16: Manfo Events and Catalysts
Manfo Events and Catalysts • Maiden Resource Estimate o Three resource areas - Pokukrom East and West and Nfante West o Indicated - 3.973 Million Tonnes at 1.52g/t Au : 195,000 Gold Oz o Inferred - 9.666 Million Tonnes at 0.96 g/t Au : 298,000 Gold Oz • Four additional discovery areas and over 10 pr
Slide 17: Exploration- Adding Value
Exploration- Adding Value • North of Sefwi belt • 159 sq km in 2 areas, Block A and Block B • Next sedimentary belt to north • Geochemical targets developed 2012 • 4,000m Air Core/RC program planned to test geochemical anomalies • Infill soil geochem program - Block A South 26
Slide 18: • 100% interest (subject to 10% gov’t interest) • 264 sq km, beside the
• 100% interest (subject to 10% gov’t interest) • 264 sq km, beside the largest vein hosted gold deposit in the world (Obuasi Mine) • 30 M oz produced since 1897 • 9.4 M oz reserve remaining in a resource totaling 19.6 M oz M+1 and 12.2 M oz inferred 29
Slide 19: Exploration – Adding Value
Exploration – Adding Value • Soil geochemical sampling and trenching at the Government Area along the interpreted northeast - southwest trend of the mineralization to follow up on drill intersections in 2011 (24.5 g/t Au over 1 m, 11.28 g/t Au over 2 m and 3.06 g/t Au over 2 m) • New database adopte
Slide 20: Next to Largest Vein Deposit in World
Next to Largest Vein Deposit in World Targets along Main Structure Tikal - Bura and at the Birimian contact in North Government Area (NGA) Strong Gold Arsenic Anomalism at NGA area in Birimian argillites Scree and rock chip anomaly at Tikal Bura 31
Slide 21: Substantial arsenic anomaly coupled with visible gold in core affirm that Obuasi style system
• Substantial arsenic anomaly coupled with visible gold in core affirm that Obuasi style system is clearly present in North Government Area • Eight RC and Air Core drill - ready targets 1500 metres >1500m of Gold - Arsenic 33 anomalism to test
Slide 22: Opportunity
Opportunity • New compact Grasshopper RC/RAB/Air core rig has been Diamond Drill Rig through initial testing, shows good recoveries and rapid sampling for Air Core and RC • RC sampling shows good recoveries, will regularly reach depths to 150m at Manfo Grasshopper Rig 35
Slide 23: Opportunity
Opportunity Manfo Resource Indicated Grade is 1.52 g/t Latest Nkansu results 1.18 g/t over 49.5m www.visualcapitalist.com/global-gold-mine-and-deposit-rankings-2013 38
Slide 24: Pelangio in the Communities
Pelangio in the Communities 40
Slide 25: Why invest in Pelangio?
Why invest in Pelangio? A Track Record of Success & Proven Strategy – Wealth Generation: 10,000% return 2003 to 2011 Implementing the Strategy – Ghana: centuries of production in a mining friendly jurisdiction – Manfo (100 sq km), Obuasi (264 sq km) and Akroma (160 sq km) Successful Exploration in G
Slide 26: Share Capitalization
Share Capitalization Pelangio Exploration Inc. (PX:TSXV; PGXPF:OTCBB) Current Price (as at September 5, 2014 ): $0.04 Share Price – 52wk H/L: $0.10/$0.035 Issued and Outstanding: 208M Options: 9M Warrants: 7.5M Fully Diluted: 224.5M Market Cap: 9.02M Shareholders (FD): Sprott Asset Management: 8.20%
Slide 27: Contact
Contact Pelangio Exploration Inc. (PX:TSXV; PGXPF:OTCBB) 4139 Britannia Road, Burlington, Ontario Contact L7M 0R8 Tel: (905) 875-3828 Fax: (905) 875-3829 Email: info@pelangio.com www.pelangio.com Twitter: @PelangioEx 43
Slide 28: The Talent for Success
The Talent for Success Carl Nurmi – C.A. (Chairman) David Mosher – B.Sc. (Geo.) Philip Olson – P.Geo. Ingrid Hibbard – LL.B. Peter Crossgrove – M.B.A. Thor Eaton Director of Excellon Resources and Nordex Explosives Ian Shaw – C.A. Arthur (Gord) Slade (Advisor) 44
Slide 29: The Talent for Success
The Talent for Success Ingrid Hibbard, President and CEO Paul Rokeby, CFO Warren Bates, P. Geo., VP Exploration 45
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