Pelangio's latest acquisition, the Manfo Property, is a 100 sq. km property on the Sefwi greenstone belt, northwest of the Ashanti greenstone belt that hosts the Obuasi property. The acquisition exemplifies Pelangio's mission of acquiring camp-size land packages on world-class gold belts, as Newmont's Ahafo mine (10 million ounce reserve grading 2.54 g/t in a measured and indicated resource of 13.4 million ounces, with a further 3.35 million ounces of inferred resource) is only 14 kilometres to the north and Kinross Gold Corporation's Chirano mine (2.43 million ounce reserve grading 2.43 g/t) lies 50 kilometres to the south, on the same fault network as Manfo.
Optioning the Manfo Property also illustrates Pelangio's approach to the acquisition and exploration of properties in Ghana. We reviewed a multitude of projects all over Ghana, and indeed the world, before deciding that Manfo was an opportunity not to be missed. We then spent significant time developing our relationships with the local communities, to ensure that we could work amicably with them and to ensure that their concerns were addressed before we even commenced exploration. Careful appraisal and a measured touch – just two of the reasons why Pelangio is confident of a successful future in Ghana and around the world.