Pelangio Exploration Drilling Extends Pokukrom WEST Mineralization at Manfo, Ghana
Pelangio Exploration Inc. News Release – November 16, 2021 1
82 Richmond Street East, Toronto, ON M5C 1P1 Tel: 905-336-3828 Fax: 905-336-3899
NEWS RELEASE
PELANGIO EXPLORATION DRILLING EXTENDS POKUKROM WEST MINERALIZATION AT MANFO, GHANA
TORONTO, Ontario (November 16, 2021) – Pelangio Exploration Inc. (TSX -V:PX; OTC PINK:PGXPF) (“Pelangio” or
the “Company”) is pleased to provide initial assay results from diamond drilling at the Pokukrom West deposit on
its 100%-owned, Manfo project in Ghana.
Highlights of Diamond Drilling at Pokukrom West, Manfo Project
• Two diamond drill holes totaling 383.2 meters completed at Pokukrom West to better understand
structural controls to mineralization and to test for an extension of the mineralization down-plunge
• Hole DD21 -001 drilled in the middle of previous drill holes returned 3.81 g/t gold over 15 meters
including 5.65 g/t gold over 7 meters, comparable to or better than adjacent past drilling
• Hole DD21-002 drilled approximately 175 meters down -plunge of the Pokukrom West zone returned
3.19 g/t gold over 12 meters including 6.85 g/t gold over 3 meters effectively discovering a new lode
of mineralization which is open further down-plunge and along strike to the north
• Assays have been returned for the main zones of mineralization however sampling of the remainder of
the drill core is ongoing with 325 samples pending assays
• The larger planned diamond drilling program to test for extensions to the Pokukrom West and East
deposits will continue in December or early 2022.
Ingrid Hibbard, President and CEO commented , “We are pleased to have initiated our planned diamond drilling
program on the Manfo project designed to test for extensions to the known gold resource s in the Pokukrom West
and East deposits. The discovery of a new lode of mineralization down -plunge of the known high -grade Pokukrom
West deposit is especially encouraging and bodes well for the possibility of growing our Manfo resources. We look
forward to continued resource expansion diamond drilling plus the commencement of an air-core exploration drilling
program heading into 2022 and further news releases from these ongoing drill programs.”
Details of Pokukrom West Diamond Drilling
A diamond drilling program commenced on the Manfo Project in October designed to test for extensions to the
known mineralization in the Pokukrom East and Pokukrom West deposits with 3,700 meters of drilling planned.
Pokukrom East and West contain most of the gold resource at Manfo, estimated to be 195,000 oz (at 1.52 g/t gold)
Indicated and 298,000 oz (at 0.96 g/t gold) Inferred by SRK in June of 2013. Refer to the Mineral Resource Evaluation
Technical Report, Manfo Gold Project, Ghana, authored by SRK and released by Pelangio on June 21, 2013. The
drilling program has been initiated with the completion of two diamond drill holes on the smaller, but higher grade
Pokukrom West deposit. Gold mineralization in the Pokukrom deposits 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 sheared and locally brecciated granitoid rocks and lesser mafic metavolcanic
rocks.
Two diamond drill holes were completed at Pokukrom West for a total of 383.2 meters. The first hole, DD21 -001,
was completed to a depth of 151.5 meters and was drilled in the middle of previous drill holes to provide information
on the structural controls of the high-grade mineralization at Pokukrom West by way of core orientation and detailed
structural logging. The analysis and interpretation of this data is underway. Drill hole DD21-001 returned an intercept
of 3.81 g/t gold over 15 meters including 5.65 g/t gold over 7 meters, comparable to or better than adjacent historic
Pelangio Exploration Inc. News Release – November 16, 2021 2
82 Richmond Street East, Toronto, ON M5C 1P1 Tel: 905-336-3828 Fax: 905-336-3899
drill hole intercepts. The second hole, DD21 -002, was drilled to a depth of 231.7 meters and was designed to test
down-plunge of the known Pokukrom West mineralized lode which appeared to be limited in extent by surrounding
weak drill intercepts apparently cutting off a potential down-dip and down-plunge continuation of the
mineralization. Hole DD21-002 effectively discovered a new lode of gold mineralization approximately 175 meters
down-plunge of the known Pokukrom West lode, returning 3.19 g/t gold over 12 meters including 6.85 g/t gold over
3 meters, open ended further down-plunge, down-dip and along strike to the north. The high grade Pokukrom West
mineralization is also open on strike to the south, at least to shallow depths. Refer to Figures 1 and 2 and to Table 1
which lists the drill hole details and significant gold intercepts.
The balance of the planned diamond drilling program , designed to test for extensions to the mineralized zones at
both Pokukrom East and West to demonstrate the potential for resource growth on the Manfo project, will continue
in December or early 2022 . Drilling will prioritize the continued testing of the higher grade Pokukrom West
mineralization, which has now demonstrated potential for expansion. A 6,750 meter air -core drilling program has
also been planned for Manfo, designed to test multiple promising exploration targets, and is expected to commence
in Q1 of 2022.
Table 1: Initial Significant Assay Intercepts from Diamond Drill Holes at Pokukrom West
DHID E_UTM N_UTM AZIM(°) DIP(°) EOH(m) FROM(m) TO(m) LENGTH(m) AU(g/t)*
DD21-001 578996 756254 297 -50 151.5 110 125 15 3.81
including 112 119 7 5.65
DD21-002 579094 756402 297 -60 231.7 211 223 12 3.19
including 216 219 3 6.85
* Assay composites using a 0.5 g/t Au cut-off. Intervals of internal dilution do not exceed 1m < 0.5 g/t Au.
Methodology, Quality Assurance/Quality Control
Diamond drilling was conducted using a Hydracore 2000 man -portable drill rig minimizing environmental impact.
HQ diameter coring was conducted in the oxide , which averages approximately 25 meters deep, followed by NQ2
coring to the bottom of hole. A REFLEX EZ-TRAC multi-shot survey instrument was used for down-hole surveys every
30 meters, and a REFLEX ACT III digital core orientation system was used for core orientation.
Sampling was conducted at 1 meter intervals by sawing the drill core in half with a diamond saw and submitting half
core to the Intertek Minerals Limited laboratory in Tarkwa , Ghana for 50g Fire Assay for gold. QA/QC samples,
including certified standards, blanks and duplicate samples (1/4 split drill core), were inserted into the drill sample
stream at a rate of one in eight samples. The QA/QC results for the assays received to date were within acceptable
limits. The laboratory also performed their own internal QA/QC checks, which were also acceptable.
The true thicknesses of the two mineralized drill intercepts reported here are approximately 70% of the drill core
length for hole DD21 -001 and 65% of core length for hole DD21 -002, which were utilized in the creation of an
updated vertical longitudinal drill section ( Figure 2) of previous and current drill intersections into the Pokukrom
West mineralization.
Pelangio Exploration Inc. News Release – November 16, 2021 3
82 Richmond Street East, Toronto, ON M5C 1P1 Tel: 905-336-3828 Fax: 905-336-3899
Figure 1: Plan Map of Manfo Resource Drilling Showing Recent Drilling at the Pokukrom West Deposit
Pelangio Exploration Inc. News Release – November 16, 2021 4
82 Richmond Street East, Toronto, ON M5C 1P1 Tel: 905-336-3828 Fax: 905-336-3899
Figure 2: Pokukrom West Deposit Vertical Longitudinal Section with Recent Drilling
Qualified Person
Mr. Kevin Thomson, P.Geo. (Ontario, #0191), is a qualified person within the meaning of National Instrument 43-101
Standards of Disclosure for Mineral Projects. Mr. Thomson approved the technical data disclosed in this release.
About Pelangio
Pelangio acquires and explores world-class land packages on strategic gold belts in Ghana, West Africa and Canada.
In Ghana, the Company is exploring its two 100% owned camp -sized properties: the 100 km 2 Manfo property, the
site of seven near-surface gold discoveries, and the 284 km2 Obuasi property, located four km on strike and adjacent
to AngloGold Ashanti’s prolific high-grade Obuasi Mine, as well as its Dankran property located adjacent to its Obuasi
property. In Canada, the Company is currently focuse d in Ontario on its Dome West gold property, situated some
800 meters from the Dome Mine in Timmins , as well as its Gowan base metals property located 16 kilometers east
of the Kidd Creek Mine. See www.pelangio.com for further detail.
For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
Tel: 905-336-3828 / Toll-free: 1-877-746-1632 / Email: [email protected]
Forward Looking Statements
Certain statements herein may contain forward -looking statements and forward -looking information within the meaning of
applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the
use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
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actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward -looking statements
and information include statements regarding the Company’s strategy of acquiring large land packages in areas of sizeable gold
mineralization, and the Company’s ability to complete the planned exploration programs. With respect to forward -looking
statements and information contained herein, we have made numerous assumptions, including assumptions about the stat e of
the equity markets. Such forward-looking statements and information are subject to risks, uncertainties and other factors which
Pelangio Exploration Inc. News Release – November 16, 2021 5
82 Richmond Street East, Toronto, ON M5C 1P1 Tel: 905-336-3828 Fax: 905-336-3899
may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from a ny
future results, performance or achievements expressed or implied by such forward -looking statement or information. Such risks
include the changes in equity markets, share price volatility, volatility of global and local economic climate, gold price vo latility,
political developments in Ghana, and Canada, increases in costs, exchange rate fluctuations, speculative nature of gold
exploration, including the risk that favourable exploration results may not be obtained, delays due to COVID-19 safety protocols,
and other risks involved in the gold exploration industry. See the Company’s annual and quarterly financial statements and
management’s discussion and analysis for additional information on risks and uncertainties relating to the forward -looking
statement and information. There can be no assurance that a forward -looking statement or information referenced herein will
prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements o r
information. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue
reliance on forward - looking statements or information. We undertake no obligation to reissue or update any forward -looking
statements or information except as required by law. All forward-looking statements and information herein are qualified by this
cautionary statement.
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