Pelangio Exploration Completes Diamond Drilling At Manfo Project, Ghana And Provides Assay Results - Seite 3

Table 1: Results of the 2023 Diamond Drilling Program at Manfo

Foto: Accesswire

Methodology, Quality Assurance/Quality Control

Diamond drilling was conducted using an SA13000 small footprint diamond drill rig. HQ coring was conducted in the oxide, which ranged from 15 to 40 meters and averaged 25 meters deep, followed by NQ2 coring to the bottom of hole. The drill holes were spotted in the field with a hand-held GPS with locational accuracy of +/- 5 meters or so. Drill collar positions will be surveyed more accurately at a later date. A Champ-Magshot multi-shot survey instrument was used for down-hole survey readings every 30 meters.

Samples were obtained at 1 meter intervals by sawing the drill core in half with a diamond saw and submitting half core mostly to the Intertek Minerals Limited laboratory in Tarkwa, Ghana for 50g Fire Assay for gold, and one drillhole was analyzed at ALS Ghana Limited's laboratory in Kumasi, Ghana also for 50g Fire Assay. QA/QC samples, including certified standards, blanks and duplicate core samples (1/4 split drill core), were inserted into the drill sample stream at a rate of one in ten samples. The QA/QC results were within acceptable limits. The laboratory also performed their own internal QA/QC checks, which were also acceptable.

The true thicknesses of the mineralized drill intercepts reported here ranged from 75% of the drill core length in hole SPDD23-006 to 97% of core length in hole SPDD23-007.

About the Manfo Project

The Manfo Project covers an area of 96 square kilometers in the north-central part of the Sefwi-Bibiani greenstone belts 15 kilometers south-southeast of Newmont's Ahafo Mine and 40 kilometers north of Asante Gold's Bibiani Mine. Manfo has been explored by Pelangio since 2010 resulting in the discovery of multiple prospects along 9 kilometers of favourable structure with three of those prospects being advanced through drilling to a mineral resource estimated in 2013 by SRK Consulting at 195,000 oz (at 1.52 g/t Au) Indicated and 298,000 oz (at 0.96 g/t Au) Inferred with the bulk of the resource contained in the two Pokukrom deposits. Gold mineralization at Manfo is associated with broad zones of pervasive to fracture-controlled quartz-sericite-carbonate-pyrite alteration overprinting an earlier phase of hematite alteration hosted predominantly in brecciated to sheared granitoid rocks and lesser mafic metavolcanic rocks. The Manfo mineral resource estimation was conducted by SRK Consulting and published in June of 2013. (Refer to the Mineral Resource Evaluation Technical Report, Manfo Gold Project, by SRK Consulting (Canada) Inc., released on June 21, 2013 and available on Pelangio's website). The resource estimation was made in accordance with National Instrument 43‐101 ‐ Standards of Disclosure for Mineral Projects at the time of the mineral resource estimation in 2013. NI 43-101 standards for disclosure have been amended multiple times since 2013 and as a result Pelangio's 2013 resource estimate is no longer NI 43-101 compliant under the current standards. Management has reviewed the new standards and determined that an update to the 2013 mineral resource estimate will only be completed when additional exploration work is performed which results in a material change to the original resource estimate.