Pelangio Exploration Inc. · TSXV:PX
Pelangio Exploration — Investor Presentation (April 2021)
37 slides from Pelangio Exploration's investor presentation, Apr 15, 2021
Slide 1: Gold Exploration in Canada and Ghana
GOLD EXPLORATION IN CANADA AND GHANA Corporate Presentation – April 15, 2021
Slide 2: Disclaimer
DISCLAIMER CAUTIONARY NOTE REGARDING MINERAL RESOURCE ESTIMATES Investors should not assume that any of the indicated or inferred resource disclosed herein will ever be The words “plans”, “expects”, “is expected”, “budget”, “projects”, “scheduled”, “estimates” “forecasts”, upgraded to a higher categ
Slide 3: A Strategy for Gold Exploration Success
A STRATEGY FOR GOLD EXPLORATION SUCCESS MONETIZING THE ASSET IN A CYCLICAL GOLD MARKET In 2007, Pelangio re-envisioned Detour as an open-pit Success asset spun out to Detour Gold for 50% equity interest VALUE INCREASE FROM $3.50 @ IPO TO $38.00 IN 2011 Success Manfo – seven discoveries and developed
Slide 4: Market Facts & Management
MARKET FACTS & MANAGEMENT Trading Capitalization (Millions) Directors Management PX:TSX-V & Experience and Track Record - Diversified Talent for Success PGXPF:OTCPINK Ingrid Hibbard, Kevin Thomson, Market Cap. President & CEO Senior VP, Exploration Warrants Options $10.5 M Sam Torkornoo, Dr. Joyce A
Slide 5: Location, Location, Location: Strategic Land Packages
‘LOCATION, LOCATION, LOCATION’ STRATEGIC LAND PACKAGES ONTARIO, Canada GHANA, West Africa Grenfell: Manfo: Located 10 km from the Macassa Mine in Located 17 km from Newmont’s 15 M oz Kirkland Lake, 314 g/t Au over 1.74m and Ahafo Mine with a maiden gold mineral 10.95 g/t Au over 3m in recent drillin
Slide 6: Ghanaian Projects
GHANAIAN PROJECTS ~ WORLD CLASS OPPORTUNITIES ~ • Obuasi 284 km2 on the Ashanti Belt • Dankran 35 km2 on the Ashanti Belt • Manfo 100 km2 on the Sefwi Belt 6
Slide 7: Pelangio's Ghanaian Projects – Obuasi/Dankran and Manfo
PELANGIO’S GHANAIAN PROJECTS – OBUASI/DANKRAN AND MANFO A GHANAIAN MINING RENAISSANCE Obuasi Manfo AngloGold’s US$600M Redevelopment Plan: Newmont’s 50% Ahafo Mill • 31.04 Moz orebody* (in addition to the 30 million Expansion*** ounces already produced) • Increase production to an average • 7.12 M o
Slide 8: Obuasi 3D Animation
OBUASI 3D ANIMATION Note to viewers: If you are viewing in a pdf document, please click on this link or visit our website on the Obuasi project page to view the animation: Obuasi 3D Animation PX:TSX-V PX:TSX-V 8
Slide 9: Obuasi - Principal Target Areas and Detailed Geology
OBUASI - PRINCIPAL TARGET AREAS AND DETAILED GEOLOGY Work to date at Obuasi includes: • 18,800 soil samples • 21,800 trench samples • 1,230 auger holes • VTEM & Mag A/B surveys • 129 (28,000m) DD core holes • Targeting exercises conducted by Condor, SRK and Beak Consultants Two most significant targ
Slide 10: Exploring the Obuasi Property
EXPLORING THE OBUASI PROPERTY TWO TARGET AREAS: OBUASI TREND & NGA TARGETS PX:TSX-V PX:TSX-V 10
Slide 11: Soil Geochemical Targets and Significant Drilling
SOIL GEOCHEMICAL TARGETS AND SIGNIFICANT DRILLING Obuasi Exploration Plans Data reanalysis, targeting and exploration work planning is in progress Focus on Au +/- As in soil anomalies, untested by drilling, concentrated in the southwestern corner of Pelangio’s property will be evaluated using: • roc
Slide 12: Dankran Project – 34.65 km2 on the Ashanti Gold Belt
DANKRAN PROJECT – 34.65 KM2 ON THE ASHANTI GOLD BELT • Pelangio’s newest acquisition earning 100% Obuom Mine interest • The Dankran property covers the same Birimian Dankran sedimentary and volcanic stratigraphy that hosts AngloGold Ashanti’s 30+ million-ounce Obuasi Mine • Adjacent to historic Obuo
Slide 13: Dankran – Exploration Programs
DANKRAN – EXPLORATION PROGRAMS • A first pass 1,200 sample soil sampling program was completed on Dankran at end of December to test Obuasi stratigraphy, several major regional structures and areas of extensive artisanal workings with results returned in early-January • Significant Au anomalism to 2
Slide 14: Manfo Property Ghana - Three Resource Areas
MANFO PROPERTY GHANA - WEST AFRICA - THREE RESOURCE AREAS 100 KM2 ON THE SEFWI BELT: HOSTING 33 GOLD DEPOSITS (20+ MILLION OZ) • Located in Sefwi Belt 50 km north of Kinross’ Chirano gold mine and 17 km SE of Newmont’s Ahafo gold mine • Pelangio has a 100% interest* • Seven near-surface gold discove
Slide 15: Manfo – Target Generation
MANFO –TARGET GENERATION Sika North • Identifying new targets using SRK’s work from 2013 Odumasi • Utilizing geological & structural Pokukrom West interpretation, geophysics and soil Pokukrom East geochemistry datasets, ranked and fine tuned by our own recent analyses Nkansu • Targets will be advanc
Slide 16: Manfo - New Work Programs Commenced July 2020
MANFO - NEW WORK PROGRAMS COMMENCED JULY 2020 POTENTIAL FOR NEW DISCOVERIES AND RESOURCE ADDITION Soil Sampling Program Planned AC Drill Testing Renewed exploration on Manfo commenced with soil sampling to Considerable historic data was reinterpreted and multiple targets evaluate historic anomalies
Slide 17: Manfo – New Opportunities
MANFO – NEW OPPORTUNITIES POTENTIAL FOR EXPANSION OF THE CURRENT RESOURCE AT MANFO Significant targets around Pokukrom include: • A 200m+ gap between the two deposits with Au in soil anomalism • A hanging-wall zone with several significant intercepts along the western flank of Pokukrom East which di
Slide 18: Pokukrom East Drill Cross Sections
POKUKROM EAST DRILL CROSS SECTIONS RE-OPTIMIZATION OF CONCEPTUAL PIT SHELLS AT A HIGHER GOLD PRICE $1,450 pit shell $1,450 pit shell Section 49,500N Section 49,700N Using a greater GOLD price will push the pits deeper and add Au mineralization at depth - BPX:TSX-V oth x-sections illustrate significa
Slide 19: Manfo Property – Mineral Resource Table
MANFO PROPERTY – MINERAL RESOURCE TABLE Mineral Resource Statement* Manfo Gold Project, Ghana – SRK Consulting (Canada) Inc., May 7, 2013 Indicated Inferred Cut-off Category Quantity Grade Contained Quantity Grade Contained * Mineral resources are not mineral (Au g/t) (000’ tonnes) Au (g/t) Au (000’
Slide 20: Pelangio West African Peer Comparison Enterprise Value
PELANGIO WEST AFRICAN PEER COMPARISON ENTERPRISE VALUE* 226.3 140.0 138.9 *Enterprise Value based on closing share price on March 26, 2021 and publicly available cash balance data from 3Q20 and 2Q20 reports, all values in $CDN 120.0 112.9 100.0 96.8 80.0 67.0 59.8 62.6 62.7 $EV 60.0 54.6 46.7 40.0 3
Slide 21: Pelangio Peer Comparison - Enterprise Value per Ounce
PELANGIO PEER COMPARISON - ENTERPRISE VALUE PER OUNCE* 120 109.9 100 *References: 90.6 - Enterprise Value based on closing share price on March 26, 2021 and publicly available cash balance data; - Resource values used are the most recent publicized Total Resource estimations (Measured + Indicated +
Slide 22: Canadian Projects
CANADIAN PROJECTS ~ GOLD MINING HERITAGE ~ • Dome West Timmins • Gowan Timmins • Hailstone La Ronge • Grenfell Kirkland Lake • Birch Lake Red Lake PX:TSX-V PX:TSX-V 22
Slide 23: Dome West - Timmins Gold Camp
DOME WEST - TIMMINS GOLD CAMP STEPS FROM THE DOME MINE AND MILL COMPLEX Dome West Acquired in 1Q2019 - earning 100% interest Dome Mine • Initial 543m drill hole (DW1901) completed in 1Q19 intersected 13.6 oz Au seven quartz veins within known prospective stratigraphy extending from the Dome and Paym
Slide 24: Dome West Potential
DOME WEST POTENTIAL Relationship between Paymaster and Dome West • Highly prospective Vipond stratigraphy hosts a substantial portion of the gold mineralization • Proposed drill holes at the Dome are Paymaster Mine and in the southern section of the property, Mine and crosses the Dome West west of E
Slide 25: Dome West - Drill Plans
Hole DW1901 DOME WEST - DRILL PLANS Planned deep hole HIGH GRADE INTERCEPTS EXTENDING Paymaster Pelangio ON TO PELANGIO’S PROPERTY Property Boundary • Underground Paymaster Mine drill holes collared at the 1000-foot 21.6 g/t Au level (304.8 m) of the mine to the east of the Dome West property Over 1
Slide 26: Gowan – Exciting VTEM Results - Polymetallic
GOWAN – EXCITING VTEM RESULTS - POLYMETALLIC l p ermits POTENTIAL KIDD-STYLE CU-ZN VMS TYPE MINERALIZATION Dril d for app lie Service Layer Credits: • 100% owned by Pelangio, 4.3 km2 land package 27 km northeast CRAWFORD TWP LUCAS TWP DUFF TWP MANN TWP NEWMARKET TWP AURORA TWP of Timmins, 16 km due
Slide 27: Hailstone Property - Saskatchewan
HAILSTONE PROPERTY - SASKATCHEWAN ( ! ( ! ( ! ( ! ( ! Golden Band Resources ( ! ( ! ( ! Jolu Mine 1988-91 ( ! ± ( ! Hailstone Property 0 4 8 16 Golden Band Resources ( ! _ JoluProduced (Mill Location)203,301 oz at ( ! ( ! ( ! (!( Location Kilometers ^ ( ! ( ! !! ( ( ! ! ( ( ! NAD83 UTM Zone 13N Star
Slide 28: Hailstone Property, Asbell Bay - Area of Focus
HAILSTONE PROPERTY, ASBELL BAY - AREA OF FOCUS BORNITE ZONE – NEW GOLD OCCURRENCES • Ongoing and Proposed Work at Hailstone • Currently ongoing 2nd phase till sampling target development work completed to follow up on new gold occurrences (15.90 g/t Au) to better define extent of till anomalies in r
Slide 29: Grenfell Property - Kirkland Lake Gold Camp
GRENFELL PROPERTY - KIRKLAND LAKE GOLD CAMP 6.7 KM2 - 10 KM NW OF KIRKLAND LAKE’S MACASSA MINE No. 1 Vein • Acquired in 2018 – one of Pelangio’s newest and most exciting projects - Pelangio owns 100% interest GRENFELL No. 6 Vein • Two bulk samples taken from quartz veins No.1 and Sirola: Kirkland La
Slide 30: Grenfell Spring 2020 Drilling
Intersected 314 g/t Au over 1.74 meters (uncut) in hole JS2005 as well as broad zones of near surface mineralization which returned 2.5 g/t Au over 26 meters in hole JS2004 Grenfell Hole From To Meters Au g/t JS2004 19.00 45.00 26.00 2.50 Drilling Spring JS2005 37.50 33.00 40.50 59.00 3.00 26.00 9.3
Slide 31: Grenfell Fall 2020 Drilling on Vein #6 System
Grenfell Drilling Fall 2020 Drilling on Vein #6 System More Encouraging Results Intersected 10.95 g/t Gold over 3m including an intercept of 23.4 g/t Au over 1m in hole JS2013 • Completed follow-up drill program of 540m in 5 drill holes Two main targets: 1. Intersection of the No.6/No.1 vein at the
Slide 32: Highlights of Diamond Drilling at Grenfell
HIGHLIGHTS OF DIAMOND DRILLING AT GRENFELL HOLE NO. FROM TO METERS G/T Au Future Plans for Grenfell JS2004 19.00 45.00 26.00 2.50 1. Develop a geological model to Includes 37.50 40.50 3.00 9.39 better understand the mineralized JS2005 33.00 59.00 26.00 1.32 (cut) zones 2. Review and prioritize multi
Slide 33: Birch Lake - 34 km2 - Red Lake District
BIRCH LAKE - 34 KM2 - RED LAKE DISTRICT TWO ADJOINING PROPERTIES – BIRCH LAKE & BIRCH LAKE WEST • Recently acquired strategic Birch Lake West property with an additional 1040 hectares Rodman Island immediately west of the Birch Lake property, for a total of 34 km2 Birch Lake West • Pelangio’s land h
Slide 34: Birch Lake – High Grade Island
BIRCH LAKE – HIGH GRADE ISLAND Prior exploration focused on High Grade Island – part of the original land package: • Approx. 80-85 holes drilled by Placer Dome (1990s) over a strike length of 300 m at <200 m depth 34.54 g/t Au over 9.85m 7.08 g/t Au over 4.4m incl 113.94 g/t Au over 2.95m • IP anoma
Slide 35: Birch Lake Property - Highlights of Historical Drilling Intercepts
BIRCH LAKE PROPERTY - HIGHLIGHTS OF HISTORICAL DRILLING INTERCEPTS FOR THE MAIN CENTRAL ZONE* Hole No From To meters10 g/t Gold Placer Dome1,3,6 DDH 53 136.60 138.50 1.90 63.94 Placer Dome1,3,6 DDH 78 174.45 176.45 2.00 105.30 Placer Dome1,4,7DDH 90 208.00 210.00 2.00 52.08 Trade Winds2,5,8,9 DDH 96
Slide 36: Why Pelangio?
WHY PELANGIO? Success Through Exploration …IT’S OUR MISSION Acquisitions 1. Location – five key projects very close to major Safe and Exploration producers Pelangio has always approached Jurisdictions exploration by acquiring strategic projects in prolific Exploration Geographic gold mining jurisdic
Slide 37: Success Through Exploration
SUCCESS THROUGH EXPLORATION …IT’S OUR MISSION PX : TSX-V CONTACT Ingrid Hibbard, President & CEO info@pelangio.com Pelangio Exploration Inc. 905-336-3828 www.pelangio.com
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