Pelangio Exploration discovers the latest development and Prepares to Drill at Ghana’s Dankran Project

Ghana’s Dankran Project.

TORONTO, ON / ACCESSWIRE / 02/18/2021 / Pelangio Exploration Inc. (TSXV: PX) (OTC PINK: PGXPF) (“Pelangio” or the “Company”) is thrilled to publicize other significant assay results from an infill soil sampling program completed on its Dankran Project in Ghana during January 2021, with values up to 1325 parts per billion (“ppb”) (1.325 g/t) gold (“Au”).

The most recent findings further characterize the gold-in-soil anomalies at the property’s northern end, which are now sufficiently defined for drill testing. The software also increased the number of irregularities in the southwest, refining with additional infill soil sampling. Prospecting also revealed a significant pattern of artisanal hard-rock workings extending from the historic Obuom Mine into the Dankran property. The upcoming 2,500 meters (“m”) drill program prioritizes the exploration of this pattern. Drilling preparations are underway.
Dankran’s Infill Soil Sampling and Prospecting Program Summits: 

  • Infill soil sampling polished an earlier traditional gold anomalism in the property’s northern end.
  • Supplementary gold-in-soil anomalies were discovered in the wider-spaced sampling to the southwest, followed by additional infill soil sampling.
  • Prospecting exposed a series of significant and latest artisanal complicated rock workings stretching from the historic Obuom Mine into the property’s northern end.
  • To cover this workings pattern and produce additional goals for the upcoming drill program, soil sampling, mapping, and prospecting programs expanded to the east.

“We are pleased that our Dankran farm, which we just acquired in November, continues to provide substantial assay results from the soil program, including 1.325 g/t gold,” said Ingrid Hibbard, President, and CEO. These findings also provided goals for our initial drill program of 2500m, which will begin soon. Prospecting, mapping, and soil sampling were carried out to establish additional targets to the east and southwest, with an initial emphasis on the recently launched eastern trend. We expect that the next phase of work will include primary reverse circulation and diamond drilling to follow up on the current program’s results and evaluate newly identified targets.”
Information on the Dankran Exploration Programs: 
The Dankran property is a 34.65 square kilometer (“km2”) Prospecting License optioned by Pelangio Exploration from BNT Resources Ghana Ltd. in November 2020; it is contiguous to Pelangio’s Obuasi project in the northeastern corner. The Dankran property is next to and on strike with the remarkable Obuom Mine, which produced 29,000 ounces of gold (“Au”) from an alternative mechanism in the 1930s at an average grade of 16 g/t Au. The property encompasses approximately seven kilometers of the strike of highly forthcoming geology and regional structures along the Ashanti Belt western flank, 20 kilometers northeast of AngloGold Ashanti’s tier-one Obuasi mine deposit. 
Completed an initial soil sampling program consisting of 1126 programs on the Dankran property in December 2020. Pelangio Exploration announced ten significant gold-in-soil anomalies from this program on January 28, 2021.
A program of infill sampling was performed in January 2021 to better identify these soil anomalies for drill testing, with 467 soil samples obtained at 80m spacing in the north to 160m spacing in the southwest. Except for 26 models, assays have been received, with extra highly uncharacteristic values of up to 1,325 ppb Au recorded.
More infill soil sampling is expected to fine-tune the southwest anomalies, while the northern monsters are now drill-ready. The reverse circulation (“RC”) drill program is being mobilized to test some of the stronger anomalies that stretched for up to 1,250m southwest into the Dankran Property from the Obuom Small Scale Mining Permit boundary. 
 Tackled a simultaneous mapping and prospecting program through the January infill soil sampling program to identify small-scale artisanal complex rock mining movement sites extending from the significant Obuom Mine into the northern end of the Dankran property. On the Obuom Small Scale Mining Permit district, a series of small, historical, and current mining sites were found, including hand-dug vertical shafts accessing quartz vein material at depth. Assays from limited grab sampling at these mining sites have yet to return, and geographical experiences and mapping to date have been inadequate to establish the widths of possible mineralization. This artisanal mining operation is concentrated by the side of the very eastern limit of the present soil example. In the perspective of this new knowledge, we have expanded our soil sampling program east to cover the additional strike room of artisanal mine mechanism to refine this target area for drill testing in the 2,500 m program.
Upcoming work at Dankran will include other RC and diamond drilling programs to follow up on the open maiden RC drilling program’s results at the property’s northern end if required by the results. It Will also make hardwork to establish extra targets for drill testing somewhere else on the Dankran property, especially the challenging parts of anomalism that have emerged from previous work in the property’s southwestern corner. Geophysical examinations are not considered at the moment; however, at some point, one or both aerial and ground geophysics may be needed to help in the search for mineralization that is not readily apparent in soil geochemistry. Soil geochemistry, mapping, and prospecting efforts to date, on the other hand, have been highly fruitful in defining a range of gripping targets for current drill testing.
The procedure, Standard Guarantee, and Leadership: 
Sampled Hand-dug pits 0.50 to 0.75m deep at 80m intervals along lines 80 to 320m apart. A hand-held GPS with a horizontal precision of about 5m was used to locate predetermined sample locations. Regardless of the regolith material present,  collected a sample at each designated sample site. The majority of the models were residual soils, but alluvium and artisanal mining disturbed material were also collected on occasion. Sent Samples weighing 2 to 3 kg each. To the Intertek Minerals Limited laboratory in Tarkwa, Ghana, where they were dried and pulverized. More than 85 percent of the samples passed 75m or better.  1 kg subsample was riffled from the procedure sample and tested for gold using a 12-hour cyanide leach bottle roll with an AAS finish and a lesser exposure maximum value of 0.01 ppm Au using LeachwellTM. When the laboratory conducted replicate assays on samples, the two assays’ mean was second-hand to plan the outcome. 
At a tempo of one in every ten samples, QA/QC samples were introduced into the sample flow. Reasonable bounds surrounded the QA/QC outcomes. The laboratory also conducted its individual inner QA/QC tests, which were found to be satisfactory.
Eligible Individual:  
Mr. Kevin Thomson, P.Geo. (Ontario), is an eligible individual specified by National Instrument 43-101. Mr. Thomson has given his approval to the technical information revealed in this publication.
Regarding Pelangio: 
Pelangio receives and inspects first-class property packages in Ghana, West Africa, and Canada on planned gold belts. In Ghana, the Company is prospecting two 100% owned camp-sized properties: the 100 km2 Manfo property, which has yielded seven near-surface gold discoveries, and the 284 km2 Obuasi property, which is situated four kilometers on strike and contiguous to AngloGold Ashanti’s abundant high-grade Obuasi Mine, also its Dankran property, which is adjacent to its Obuasi property. In Canada, the Company is presently focusing its resources in Ontario on its Grenfell property, located 10 kilometers from Kirkland Lake, on its Dome West property, located 800 meters from the Dome Mine in Timmins, and on its Hailstone property in Saskatchewan.
 For more information, visit www.pelangio.com.

Progression Inspecting Statements: 
Such statements in this document contain progression inspecting and information within the context of appropriate security laws.
Can characterize progression inspection reports and details. Through the use of terms such as “plans,” “expects,” or “does not expect,” “is anticipated,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “does not anticipate” or “believes” or variations of such words and phrases or statements that future activities, events, or outcomes “might.” Progression Inspecting statements and details include statements about the Company’s strategy of purchasing large land packages in areas with significant gold mineralization and statements about the Company’s ability to complete the expected exploration programs. We also made various assumptions concerning the forward-looking statements and details contained herein, including assumptions about the impartiality market. Those progression inspecting statements and components are questions to risks, reservations, and other factors that could originate the Company’s authentic outcome, presentation, or achievements, or industry outcome.  To vary significantly from any future consequences, representation, or success articulated or obscure by such progression inspecting statement or data. Those challenges contain differences in the equity market. Changes in stock markets, share price volatility, volatility of the global and local economic environment, gold price volatility, political developments in Ghana and Canada, the cost rises, exchange rate fluctuations. The speculative nature of gold exploration, including the possibility that it will not obtain favorable exploration results and delays due to COVID-19 protection protocols, are all examples of such risks. There can be no guarantee that a progression inspecting statement, knowledge, or data referred to in this will prove correct and accurate. Still, there can be doubts as actual outcomes and future events can vary materially from those predicted in such statements or information. Furthermore, many of the variables are beyond the Company’s influence. For more detail on the risks and uncertainty associated with the progression inspecting statement and information, please see the Company’s annual and quarterly financial statements, as well as management’s discussion and review.

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