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Manfo Property Ghana - West Africa - Three Resource Areas
100 km2 on the Sefwi Belt: hosting 33 Gold Deposits (20+ Million Oz)
PX:TSX-V
1
Located in Sefwi Belt 50 km north of Kinross’
Chirano gold mine and 14 km SE of Newmont’s
Ahafo gold mine
Pelangio has a 100% interest*
Seven near-surface gold discoveries
made from 2010 to 2013 in gold soil
anomalies over a 9km NNE trend
Pelangio completed 37,000 m of core
drilling from 2010 to 2012 and issued a
maiden resource estimate in 2013
Three open pit resource areas defined**
Indicated: 195,000 oz Au (at 1.5
g/t)
Inferred: 298,000 oz Au (at 1.0
g/t)
S e v e r a l t a r g e t a r e a s s c h e d u l e d
f o r a d d i t i o n a l s o i l s a m p l i n g
a n d R C d r i l l t e s t i n g
* Subject to 10% government interest ** See mineral resource statement disclaimer
SIKA NORTH
POKUKROM E.
POKUKROM W.
NFANTE E.
NFANTE W.
NKANSU
900m strike S. of
Nfante E. untested
Parallel structure with
sparse soil sampling
and geophysical
targets untested
ODUMASI
Obuasi Property
284 km2 - Contiguous with the Obuasi Mine
PX:TSX-V
2
VTEM Conductance 100-200m depth slice, on geology
The Obuasi mine’s main host geology
extends onto Pelangio’s property
Pelangio has a 100% interest*
Multiple secondary splays from
Obuasi trend onto Pelangio’s
property
All targets tested show Obuasi
style alteration and mineralization
Significant drill hole intercepts with
Obuasi-style geology & alteration
include:
-24.50 g/t over 1
m
-11.28 g/t over 2
m
-9.40 g/t over 1
m
-1.31 g/t over 12
m
Obuasi Mine
Obuasi Trend
Targets
NGA Trend
Targets
9m @ 0.78 g/t
Pelangio Obuasi Property
* Subject to 10% government interest
14m @ 1.10 g/t
12m @ 0.75 g/t
1m @ 24.50 g/t
2m @ 11.28 g/t
12m @ 1.31 g/t
35m @ 0.59 g/t
P l a n n i n g R C d r i l l t e s t i n g
o f
s o i l A u + / - A s t a r g e t s o n
t h e O b u a s i a n d N G A Tr e n d s

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New Manfo and Obuasi slides June 14 2020 v.2.pptx

  • 1. Manfo Property Ghana - West Africa - Three Resource Areas 100 km2 on the Sefwi Belt: hosting 33 Gold Deposits (20+ Million Oz) PX:TSX-V 1 Located in Sefwi Belt 50 km north of Kinross’ Chirano gold mine and 14 km SE of Newmont’s Ahafo gold mine Pelangio has a 100% interest* Seven near-surface gold discoveries made from 2010 to 2013 in gold soil anomalies over a 9km NNE trend Pelangio completed 37,000 m of core drilling from 2010 to 2012 and issued a maiden resource estimate in 2013 Three open pit resource areas defined** Indicated: 195,000 oz Au (at 1.5 g/t) Inferred: 298,000 oz Au (at 1.0 g/t) S e v e r a l t a r g e t a r e a s s c h e d u l e d f o r a d d i t i o n a l s o i l s a m p l i n g a n d R C d r i l l t e s t i n g * Subject to 10% government interest ** See mineral resource statement disclaimer SIKA NORTH POKUKROM E. POKUKROM W. NFANTE E. NFANTE W. NKANSU 900m strike S. of Nfante E. untested Parallel structure with sparse soil sampling and geophysical targets untested ODUMASI
  • 2. Obuasi Property 284 km2 - Contiguous with the Obuasi Mine PX:TSX-V 2 VTEM Conductance 100-200m depth slice, on geology The Obuasi mine’s main host geology extends onto Pelangio’s property Pelangio has a 100% interest* Multiple secondary splays from Obuasi trend onto Pelangio’s property All targets tested show Obuasi style alteration and mineralization Significant drill hole intercepts with Obuasi-style geology & alteration include: -24.50 g/t over 1 m -11.28 g/t over 2 m -9.40 g/t over 1 m -1.31 g/t over 12 m Obuasi Mine Obuasi Trend Targets NGA Trend Targets 9m @ 0.78 g/t Pelangio Obuasi Property * Subject to 10% government interest 14m @ 1.10 g/t 12m @ 0.75 g/t 1m @ 24.50 g/t 2m @ 11.28 g/t 12m @ 1.31 g/t 35m @ 0.59 g/t P l a n n i n g R C d r i l l t e s t i n g o f s o i l A u + / - A s t a r g e t s o n t h e O b u a s i a n d N G A Tr e n d s

Editor's Notes

  1. Pelangio’s Ghanaian Projects - Obuasi and Manfo A Ghanaian Mining Renaissance: Seven near-surface gold discoveries made from 2010 to 2013 in gold soil anomalies over a 9km NNE trend Newmont Goldcorp’s 50% Ahafo Mill Expansion Increase production to an average of 550-650,000 ounces per year. *Newmont Goldcorp Press Release October 15, 2019 Proposing further detailed infill and extensional soil sampling plus follow-up RC drill testing to evaluate several areas of interest, with the aim of new discovery & potentially doubling the Au resources at Manfo. Initial budget proposed of US$ 430,000.
  2. Two Target Areas: Obuasi Trend & NGA Targets Work to date includes: - 18,800 soil samples - 21,800 trench samples - 1,230 auger holes - VTEM & Mag A/B surveys - 129 (28,000m) DD core holes - Targeting exercises conducted by Condor, SRK and Beak Consultants Numerous significant Au + As soil anomalies, mostly in the western ½ of the property (closer to Obuasi Mine) and multiple structural targets identified in several targeting exercises to be evaluated with by shallow RC drilling in order to target deeper diamond drillholes depedndant on RC results, with the aim of discovering an Obuasi-scale shoot 5+ Moz and 8+ g/t. Proposing approx. 5,000m of RC as first pass (US$ 350,000). AngloGold’s Obuasi Mine Redevelopment One of Africa’s Largest Mines & Our Closest Neighbour AngloGold’s US$600M redevelopment plan 36 million oz orebody* (in addition to the 30 million ounces already produced) 8.6 M ounces of gold production expected over the next 21 years Average grade of 8.8 g/t Expected to become one of the 10 largest mines by production in Africa post ramp up 20 year life with potential for expansion Current Capital Investment of $450m - $500m Investment New Geological Model - Simple metallurgy, and Fully mechanised *Source: HSBC GEMS Investor Forum Sept 2018 *AngloGold Ashanti press release October 28, 2019