Pelangio Discovers New Gold Mineralization at Manfo

Pelangio Exploration (TSXV:PX) announced the discovery of a new gold mineralization at its Manfo property in Ghana. The discovery is the result of nine drill holes totaling 1,891 meters on the property.

Highlights from the drill program include:

Nkansu Gold Discovery

• 0.57grams per tonne (g/t) gold over 70 metres(including 1.00 g/t gold over 12 metres) in SGDD-201 from 39 metres downhole;
• 0.77g/t gold over 23 metres(including 1.06 g/t gold over 12 metres) in SGDD-203 from 42 metres downhole.

Gold bearing intersections in this series of nine diamond drill holes indicate an area of mineralization along a 700 metre distance, on the north and south peripheries of a well-defined high resistivity induced polarization (“IP”) anomaly. The new discovery between the Pokukrom East and Nfante West zones was made in an area of hardpan cover, or duricrust, where the geochemical response is very weak. The results of these holes, which were spotted based on high resolution airborne magnetic data and early-on orientation resistivity surveying, confirm that geophysical data coupled with rock properties gleaned from our drilling program is a viable targeting method. Based on the more extensive IP surveying that we completed early this year, we believe that we have only drilled the periphery of this new discovery. Our program is already paying dividends as we have more than 15 targets for further testing with drilling and surface work going forward.