Pelangio orders CSEM survey for Obuasi, Manfo

Executive Summary

• Pelangio Exploration Inc. has commissioned a deep-penetrating Controlled-Source Electromagnetic (CSEM) survey for its Obuasi and Manfo projects in Ghana, conducted by SEMS Exploration Services.
• The Obuasi survey aims to delineate targets up to one-plus-kilometre depth, specifically searching for conductive and resistive targets that could represent repetitions of the high-grade Obuasi ore shoots extending north-northeast from the AngloGold Ashanti mine.
• The survey will be conducted in tandem with an independent AngloGold Ashanti survey on adjacent property; Pelangio’s portion covers 9.2 square kilometres with 295 stations, while AngloGold Ashanti covers 10.4 square kilometres with 333 stations.

Key Details

• Survey Methodology: CSEM is an active EM method injecting signals into the ground to detect conductive features (sulphide ore) and resistive bodies (gold-bearing quartz lodes) at depths of up to one kilometre or more.
• Equipment: SEMS will use an IRIS Instruments TIP 12000 transmitter powered by a 20-kVA generator, with subsurface responses read by two Metronics magnetotelluric-grade receiver units on a 170-metre grid node spacing.
• Obuasi Project Survey Specs:
  • Area: 9.2 square kilometres.
  • Stations: 295 stations spaced 170 metres apart.
  • Target: Western edge of the property, interpreted to be on strike with the Obuasi mine's main gold trend.
  • Context: The northernmost known ore shoot at the Obuasi mine (Far North/Adansi shoot) is located ~4.2 km south-southwest of Pelangio’s boundary at a depth of 700+ metres. Pelangio is testing for potential repetition of these ore shoots.
  • Timeline: Tentatively commencing mid-April (pending equipment mobilization from Sweden), requiring ~2 months for field work, followed by one month for 3-D inversion modelling and reporting.
• AngloGold Ashanti Parallel Survey:
  • Area: 10.4 square kilometres.
  • Stations: 333 stations.
  • Relationship: Surveys are independent; no data-sharing agreement has been discussed.
• Manfo Project Survey Specs:
  • Timing: To follow the Obuasi surveys.
  • Area: 2.8 square kilometres.
  • Stations: 100 EM stations.
  • Target: Pokukrom deposits and possible downplunge extensions to the northeast; exploring for mineralization deeper than current drill programs.
• Manfo Drilling Update:
  • Program: 15-hole, 3,150-metre resource extensional diamond drilling program focused on Pokukrom deposits.
  • Status: Three holes are nearly complete.
  • Assays: No assays to report as yet.
• Qualified Person: Kevin Thomson, PGeo (Ontario, No. 0191), Senior Vice-President, Exploration, and Director.

Notable Quotes

• None explicitly quoted in the text, though the release notes the belief that if ore shoots repeat into Pelangio's property, they may be comparable to the Far North ore shoot.