Obuasi

Highlights

  • Pelangio has drilled 129 diamond drill holes for a total of 27,883 metres ranging in length  up to 602 metres and averaging approximately 200 metres
  • Drilling has lightly tested targets in eight general areas, with more than 85% of the drilling in the western half of the property
  • The presence of an extensive gold system is illustrated by the fact that anomalous gold intercepts appear at nearly every prospect tested via drilling across the property
  • Technical interpretation of data generated by these programs identify mineralization processes consistent with that observed at the neighbouring Obuasi Mine
  • Obuasi style mineralization appears on Pelangio’s ground in multiple occurrences across the property from a variety of geological and structural settings
  • Recent data compilation and reanalysis conducted by Pelangio have identified two primary target areas in the western half of the property which will be subject to future drill testing, including:
    1. The Obuasi Targets, an extension of the deposit host geology and related structures from the Obuasi Mine into the western edge of Pelangio’s project area; and
    2. The NGA (North Government Area) Targets along and close to the main Birimian / Tarkwaian contact, including one prospect on which Pelangio returned two high grade drill intercepts of 1m of 24.50 g/t gold and 2m of 11.28 g/t gold, with very limited drill follow up          

Ownership

  • 100% owned
  • 284 square kilometres on the Ashanti Gold Belt

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