Pelangio Exploration Inc. · TSXV:PX
Pelangio Exploration — Investor Presentation (September 2019)
35 slides from Pelangio Exploration's investor presentation, Sep 3, 2019
Slide 1: Investor Presentation Beaver Creek 2019
Investor Presentation Beaver Creek 2019 Acquiring and Exploring Camp Sized Properties in Ontario, Canada and Ghana, West Africa PX : TSX-V
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Mineral Resource Estimates Investors should not assume that any of the indicated or inferred resource disclosed cautioned not to assume that any part or all of the mineral resources disclosed above herein will ever be upgraded to a higher category of mineral reso
Slide 3: Where There is History - There is Potential
Where There is History - There is Potential Dome West – Dalton – Birch Lake Obuasi – Manfo ONTARIO GHANA Canada West Africa Dome West Property – strategically Obuasi Project – high-grade intercepts located ~800 meters west of the Dome located ADJACENT TO AND ON Mine – one of the largest gold STRIKE
Slide 4: Canadian Properties
Canadian Properties
Slide 5: Strategic Land Holdings
Strategic Land Holdings Four Ontario Focus Projects Dome West – .56 Sq. Km, Porcupine Mining District - Timmins • Located 800 meters west of Goldcorp’s Dome Mine, one of the camps’ largest and well known gold producers • Adjacent to both the Dome Mine and the Paymaster Mine properties Dalton – 3.5 S
Slide 6: Canada – Dome West and Dalton Properties, Timmins Ontario
Canada – Dome West and Dalton Properties, Timmins Ontario • Dome West is located Dome West approximately 800 Hollinger Mine Property meters west of the Dome (19.3 Million Ounce Au) Dome Mine Mine (13.6 Million Dalton Ounce Au) • Dalton is located Property approximately 1.5 km from the 19.3 million o
Slide 7: Dome West and Dalton – Regional Geology
Dome West and Dalton – Regional Geology Proximity to the Dome and Hollinger Mines B ur row Two of Pelangio’s s Be n more strategic edic properties t Fa Timmins City Centre MCINTYRE MINE Matta 10.8 Moz Au ult Dome West Property Dalton Property DOME WEST PROPERTY 543 meters drilling g DALTON PROPERTY
Slide 8: Dome West Property Location
Dome West Property Location Access via Goldcorp’s Dome Mine Surface Holdings Acquired in January 2019 Initial review of available TARGET V1 historical data completed Two main target areas of interest identified: • highest priority target is TARGET P1 Target P1, a highly prospective porphyritic sill
Slide 9: Dome West Diamond Drilling
Dome West Diamond Drilling Spring 2019 - P1 Target Highlights Encouraging Early Stage Results: Intersected a • 543 meter drill program completed in April mineralized interval of • Intersected seven separate quartz veins in its 3.21 g/t gold over 1.25 first drill hole, two are gold bearing!! meters i
Slide 10: Dalton – Geology
Dalton – Geology Proximity to the Giant Hollinger Mine Why are we there? Hollinger Mine • The western and eastern extremities of the (19.3 Million Ounce Au) property are covered by Tisdale Group volcanics • Minimal exploration completed since the 1940’s • Recent sampling of historical core observed
Slide 11: Facts About the Dalton Property
Facts About the Dalton Property Airborne magnetic Mobile Metal Ion (MMI) geophysical survey geochemical surveying recently completed underway Compilation of data Further prospecting ongoing to prioritize drill ongoing targets Quartz veins hosted in 2-3 drill holes planned distinct multiple east-west
Slide 12: Canada - Birch Lake, Red Lake District
Canada - Birch Lake, Red Lake District Keigat Lake Area Claims were recently acquired Hole 096 34.54 g/t Au over 9.85m through the acquisition of 5SD Capital. They Incl. 113.94 g/t Au over 2.95m surround Pelangio’s Birch Lake Project which includes High Grade Island and Keigat Island HIGH GRADE ISLA
Slide 13: Geology of High Grade Island
Geology of High Grade Island Hole 064 Hole 096 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 Hole 097: 244.73 g/t Au over 2.45m Hole 074 8.7 g/t Au over 4.2m Hole 078 105.3 g/t Au over 2.0m Hole 090 52.08 g/t Au over 2.0m 13 PX:TSX-V
Slide 14: Grenfell Project General Geology
Grenfell Project General Geology • Gold mineralization first discovered in the early 1920’s • A series of major exploration campaigns were conducted before work ceased during WWII, including: • 265 feet of shaft sinking • over 2000 feet of underground development on two levels, and • a bulk sampling
Slide 15: Grenfell - Sirola Vein Surface Sample
Grenfell - Sirola Vein Surface Sample • The property hosts five distinct gold bearing zones • These zones in order of importance are: • No.1 Vein, Sirola Vein, No. 6 Vein, Shea Vein and Shaft Vein • Significant work was conducted on the No.1 Vein and Sirola Vein • The Sirola Vein is interpreted to b
Slide 16: Other Canadian Exploration Properties
Other Canadian Exploration Properties Strachan Gowan Nickel, cobalt, copper property Seely Lake Poirier Gold property - under option to - 100% owned and under Amex Exploration Inc. to earn Gold property - 100% Gold property - 100% option to Pancontinental 100% interest, hosts a historic interest and
Slide 17: Canadian Exploration
Canadian Exploration Dalton Grenfell Dome West Sampling, Assaying, Geophysics Diamond Drilling Diamond Drilling P1 Target and Diamond Drilling Winter 2019/20 Winter 2019/20 September 2019 Multi-phase program of: • 1200-meter drill program to • 1400-meter drill program • airborne geophysics follow up
Slide 18: African Properties
= PELANGIGO African Properties
Slide 19: Ghana Properties
Ghana Properties Obuasi Project - 284 Sq. Km Adjacent to the giant Obuasi Gold Mine, 60+ million ounce gold endowment AngloGold Ashanti is currently redeveloping the Obuasi Gold Mine and states: “Obuasi…a world class resource with a century of history” High-grade intercepts: - 24.5 g/t Au over 1m an
Slide 20: Obuasi
Obuasi Location in Relation to the Giant Obuasi Mine 100% interest (subject to 10% gov’t interest) The giant Obuasi vein-type orogenic deposit is hosted in sheared graphitic PG11-NGT-121 1m @ 24.50 g/t argillites and mafic rocks of the Birimian, PG11-NGT-122 to the northwest of the Tarkwaian-Birimia
Slide 21: Obuasi Regional Geology, Mines and Exploration Targets
Obuasi Regional Geology, Mines and Exploration Targets Geophysics VTEM-EM conductivity, maps out structures in sheared argillite PG11-NGT-121 Obuasi mine geology was identified in 1m @ 24.50 g/t PG11-NGT-122 NGT region during last drill campaigns of 2m @ 11.28 g/t 2012 Drill targeting based on recen
Slide 22: Obuasi North Government Target
Obuasi North Government Target Last Obuasi drill campaign discovered high-grade vein–hosted visible gold mineralization in sheared graphitic argillites Drill holes PG11-NGT-121 and PG11-NGT- 122 intersected 1m of 24.50 g/t gold and 2m of 11.28 g/t gold respectively Gold mineralization is associated
Slide 23: Obuasi Plan & Budget
Obuasi Plan & Budget Pelangio mineral predictive mapping (AI) by Beak Consultants validated targets, particularly at NGT and along the main trend Diamond Drilling WHY? Follow up on seven previously identified soil anomalies shown in pink PLAN - Strike length to be investigated is 2300m - 15-20 diamo
Slide 24: AngloGold's Obuasi Mine Redevelopment
AngloGold’s Obuasi Mine Redevelopment One of Africa’s Largest Mines & Our Closest Neighbour Expected to Full mine redesign become one of the Large, high-grade Attractive cost incorporating 10th largest mines ore body: structure, capital existing and some by production in efficiency, new infrastructu
Slide 25: Manfo
Manfo Sefwi Belt: 33 Gold Deposits (20+ Million Oz) Gold deposits are associated with north to northeast trending major faults that bound each terrain 62 known gold occurrences in the Sefwi Belt 100 sq. km on Ghana’s prodigious Sefwi Greenstone Belt - 14 km from Newmont’s flagship Ahafo Mine with ge
Slide 26: Manfo
Manfo Three Resource Areas 9 km geochemical trend, multiple structures 3 areas at initial resource stage: Pokukrom East and West, Nfante West 7 near surface discoveries since August 2010 Received maiden resource estimate from SRK of: 195,000 oz (at 1.5 g/t Au) Indicated, 298,000 oz (at 1.0 g/t Au) I
Slide 27: Manfo Pokukrom Pit Shells and Block Model
Manfo Pokukrom Pit Shells and Block Model Looking East MANFO +1.0 g/t block model shown @ $1,450 gold Mineralization below pit not tabulated in this estimate 175 m depth is pit bottom Metallurgical testing - gold recovery 86% from sulphide and 94% from oxide 27 PX:TSX-V *see mineral resource stateme
Slide 28: Manfo Resource Table
Manfo 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 (Au g/t) (000’ tonnes) Au (g/t) Au (000’oz) (000’ tonnes) Au (g/t) Au (000’oz) * Mineral resour
Slide 29: Manfo - Today and the Future Exploration Plans
Manfo - Today and the Future Exploration Plans Multi-stage RC, AC, 100 sq. km on Ghana’s prodigious and Diamond Drilling Sefwi Greenstone Belt: •14 km from Newmont’s flagship Ahafo Mine with geological characteristics similar to the largest deposit at Ahafo, Subika, and 50 km from Kinross’ Chirano M
Slide 30: Strategic Initiatives
Strategic Initiatives Gold – Cycles Project Risk Mitigation and Value Generation Projects with Develop assets to geographic generate revenue diversity - low and add value political risk Acquired and Canada and Community Re-Envisioned Ghana Detour Deposit Exploration & Discovery for Wealth & Market T
Slide 31: Experience and Track Record
Experience and Track Record Diversified Talent for Success Directors Management Ingrid Hibbard, Warren Bates, President & CEO Senior VP, Exploration Sam Torkornoo, David Mosher VP Africa Kevin Filo, Carl Nurmi VP, Corporate Development Paul Rokeby, David Paxton Chief Financial Officer Advisory Commi
Slide 32: The Time is Now
The Time is Now The Cycle Has Turned Last cycle we re- Discovery Exploration programs envisioned and designed for Obuasi, Advance monetized Detour Gold Dome West, and Obuasi high-grade intercepts in Obuasi Dalton Now we have three Exploration camp-size projects style mineralization Capitalize on des
Slide 33: Market Facts, PX:TSX-V & PGXPF:OTCPINK
Market Facts, PX:TSX-V & PGXPF:OTCPINK Capitalization in Millions Trading Shares Outstanding Market $6.8 M 40.0 M Cap Warrants Options 9.2 M 1.2 M 52W L/H $0.12/0.38 Fully Average Weekly Diluted Volume 161,443 50.4 M (3 month) Source: TMX & Yahoo Finance August 30, 2019 33 PX:TSX-V
Slide 34: Why Invest in Pelangio?
Why Invest in Pelangio? Camp size land positions and stream of projects at various stages in Ontario & Ghana Expanding Strategic Land Position in Ontario – eight properties from 5SD including Grenfell Dome West and Dalton recently acquired in Timmins in proximity to the famous Hollinger & Dome Mines
Slide 35: Success Through Exploration
Success Through Exploration …IT’S OUR MISSION CONTACT Ingrid Hibbard, President & CEO Email: info@pelangio.com Pelangio Exploration Inc. Tel: 905-336-3828 www.pelangio.com PX : TSX-V
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