Pelangio Exploration Completes Diamond Drilling At Manfo Project, Ghana And Provides Assay Results

TORONTO, ON / ACCESSWIRE / July 24, 2023 / Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) ("Pelangio" or the "Company") completed a 1,039.5 diamond drill program at the Pokukrom East and West deposits on its Manfo Project located 15 kilometers south-southeast of Newmont's Ahafo Mine and 40 kilometers north of Asante Gold's Bibiani Mine.

Highlights of Diamond Drilling at Pokukrom, Manfo Project

• Seven diamond drill holes totaling 1,039.5 meters completed at the Pokukrom East and West deposits.
• Extends known mineralization at the southern end of the Pokukrom West deposit with SPDD23-006 intercepting 1.88 g/t Au over 13 meters, including 4.01 g/t Au over 4 meters in oxide.
• SPDD23-007 returning 0.71 g/t Au over 20 meters including 1.32 g/t over 6 meters followed by a second zone of 1.66 g/t Au over 7 meters including 8.43 g/t Au over 1 meter extending mineralization down-dip at the shallow southern end of Pokukrom East.
• Numerous potential resource extension and exploration targets remain untested around the known resources and along the nine kilometers of favourable structure at Manfo which will be addressed in future diamond drilling and exploration aircore drilling programs.

"The positive drilling results from the southern ends of both Pokukrom East and West has extended the mineralization incrementally in those areas warranting follow up drilling which could add to the resource," commented Ingrid Hibbard, President and CEO. "The recently completed diamond drilling program at Manfo is part of a larger planned program of 3,700 meters of diamond drilling designed to test for extensions to the known mineralization at Pokukrom plus exploration targets in the vicinity. While the recent program eliminated two targets from the list (a soil plus auger anomaly on the northwestern flank of Pokukrom East and the northerly extension of Pokukrom West at shallow levels), a number of targets remain untested at Pokukrom to be drilled in future programs. In addition, a 6,750 meter exploration aircore drilling program is planned to assess a number of compelling targets along the 9 kilometers of favourable structure on the Manfo property for additional discoveries, including follow up at several prospects which have been lightly drill tested to date. "