Pelangio, a junior Canadian company, which has a 290 km2 early stage exploration property in Ghana, comprised of three concessions, on strike and adjacent to the AngloGold Ashanti’s Obuasi gold mine, has commenced the first stage of a drilling program on its site.

This is after a SRK technical report indicated that exploration results on the Pelangio’s property to date were of sufficient merit to recommend an exploration program including geochemical and geophysical surveys and some 12,000 metres of reverse circulation and core drilling. The recommended work program is subdivided into two consecutive work phases. The first phase includes additional mapping, soil sampling and airborne geophysical data interpretation to define selected targets, followed by trenching and some 4,000 metres of reverse circulation and core drilling.

Pelangio's graph

Pelangio’s property is located next to the Obuasi
mine on the Ashanti gold belt.

The recommended work program is subdivided into two consecutive work phases. The first phase includes additional
mapping, soil sampling and airborne geophysical data interpretation to define selected targets, followed by trenching and some 4,000 metres of reverse circulation and core drilling.
The second phase, which is partly contingent on results of the first phase, comprises an airborne geophysical survey over the rest of the property followed by trenching and drilling. The total costs for the recommended work program are estimated at US$2.9 million.

The neighbouring Obuasi mine produced over 30 million ounces in the last century and Pelangio has identified broad anomalous gold zones in trenches on three subparallel trends. The company recently undertook a 10 hole 2,000 metre drilling programme on its Obuasi tenements as part of its 2008 work programme. Apart from its activities in Ghana, Pelangio is active with the advanced stage Detour Lake gold project in Canada.

www.pelangio.com