Obuasi

Highlights

  • Pelangio has drilled 129 diamond drill holes for a total of 27,883 metres ranging in length from 31 metres up to 602 metres and averaging approximately 200 metres in length
  • 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 the structural geology containing the Obuasi Mine’s gold deposit
  • Obuasi style mineralization appears on Pelangio’s ground in multiple occurrences across the property from a variety of geological and structural settings
  • Pelangio Exploration’s drill programs have identified two major geological structures located within the Company’s property boundary that are responsible for the gold anomalism appearing at nearly every prospect that has been drill tested:
    1. The Northern structure is concordant with the principal geological structure containing the Obuasi Mine’s gold deposit
    2. A second splay structure along the Birimian-Tarkwaian contact, on which Pelangio drilled two holes bearing high-grade gold. 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

Ownership

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

© 2019 Pelangio Exploration Inc.
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