NR Manfo expansion...drill results
posted on
Aug 28, 2011 01:00PM
Ghana – Timmins – Red Lake ● World-class Gold belts
Jul. 21, 2011 (Marketwire Canada) --
TORONTO, ONTARIO -- Pelangio Exploration Inc. (TSX VENTURE:PX)(OTCBB:PGXPF) ("Pelangio" or the "Company") is pleased to announce that it has commenced drilling with a second rig and expanded the ongoing drilling program at the Company's Manfo Property in Ghana, the site of four near-surface discoveries since the property was optioned in September 2010.
"With four near surface discoveries at Manfo in less than a year that we continue to expand on strike and at depth, we are now moving to significantly expand our drilling program on the property," stated Warren Bates, Senior Vice President Exploration. "Recent geophysical surveying has also greatly increased the property's discovery potential by identifying priority drill-ready targets in areas where cover masks geochemical indicators. Going forward, we are focused on making more discoveries as we further define identified zones with the second drill, and we intend to add a third rig to the property in the coming months."
To view a plan view of drilling and exploration targets on the Manfo Property, see: http://media3.marketwire.com/docs/pgxpf0721fig1.pdf.
Details of the expanded diamond drilling program and its targets include:
Pokukrom East Bulk Tonnage Zone
Pokukrom West High Grade Zone
Nfante West Bulk Tonnage Zone
Nfante East Discovery
Newly Developing, Drill-Ready Targets
Drilling Progress and Exploration Outlook
Pelangio completed 16 holes totaling 2,381 metres on the Manfo Property during the first phase drilling program completed in September 2010. To date, Pelangio has completed 59 drill holes totaling 10,158 metres (including two holes abandoned for 114 metres) in the ongoing second phase program, of which 48 drill holes have been reported to date. Drilling is currently ongoing at Pokukrom East and Nfante East. Assay results will be released in due course.
Pelangio has contracted Burwash Contract Drilling of British Columbia and Geodrill Limited of Ghana to conduct diamond-drilling program on the Manfo Property using portable drill rigs.
Pelangio's exploration focus on the Manfo Property is to identify near-surface, drill ready targets through geochemical sampling and to test and extend such targets with drilling and geophysical surveying. The Company's aim during 2011 is to discover and delineate as many gold mineralized zones on the Manfo Property as possible.
Quality Assurance/Quality Control and Qualified Person