Pelangio’s due diligence on the Manfo Property consisted of soil sampling, structural mapping, trenching and the identification of historical drill collars, with the intention of confirming the historical data available.  During due diligence, Pelangio reaffirmed the delineation of five large geochemical anomalies as defined by soil sampling that consistently returned values in excess of 40 parts per billion.  The anomalous areas and their dimensions are described as follows:

• Nfante East (800 metres x 350 metres; open to the northeast and southwest);
• Nfante West (700 metres x 150 metres; open to the southwest);
• Pokukrom East (1,300 metres x 300 metres);
• Pokukrom West (200 metres x 150 metres);
• Sika North (two areas: 700 metres x 100 metres and 500 metres by 100 metres).

Drill Results

Pelangio completed a 16 hole, 2,379-metre diamond drill program during the its due diligence on the Manfo Property. The initial program was designed to confirm certain of the historical exploration results from the property and to follow-up on surveying and trenching results. The initial drill program targeted four of the five anomalies identified during due diligence and in historical exploration work at Nfante West, Nfante East, Pokukrom West and Pokukrom East.

Pelangio is currently undertaking a second phase drilling program in excess of 30,000 metres, which will focus on the Nfante West and East, Pokukrom West and East targets, as well as further targets that the Company is developing beyond the previously identified anomalies.  

To date, Pelangio has made five discoveries on the Manfo Property, with representative results illustrated below: