Pelangio Exploration Commences a UAV Magnetics Survey on its Obuasi Project, Ghana
Pelangio Exploration has initiated a high-resolution UAV airborne magnetics survey on its Obuasi property in Ghana, adjacent to AngloGold Ashanti's Obuasi Mine. The survey, covering approximately 20 square kilometers, is being conducted in collaboration with TuNya Mineral Resources as part of their earn-in agreement on the southern Tarkwaian portion.
The project involves flying a GEMS Systems AIRBIRD magnetometer along 50-meter spaced lines, totaling 400 line-kilometers. SEMS Exploration of Ghana will conduct the survey, expected to take 3-4 weeks. The survey targets an 8-kilometer long area with historical anomalous rock chip samples exceeding 1 g/t Au, much of which remains untested by trenching and drilling.
Pelangio Exploration ha avviato un'indagine magnetica aerea ad alta risoluzione con UAV sulla sua proprietà Obuasi in Ghana, adiacente alla Miniera Obuasi di AngloGold Ashanti. L'indagine, che copre circa 20 chilometri quadrati, viene condotta in collaborazione con TuNya Mineral Resources come parte del loro accordo di ingresso nella porzione sud del Tarkwaiano.
Il progetto prevede il volo di un magnetometro AIRBIRD della GEMS Systems lungo linee distanziate di 50 metri, per un totale di 400 chilometri lineari. La SEMS Exploration del Ghana condurrà l'indagine, che si prevede duri 3-4 settimane. L'indagine mira a un'area lunga 8 chilometri con campioni storici di roccia anomala superiori a 1 g/t Au, gran parte dei quali resta non testata tramite scavi e perforazioni.
Pelangio Exploration ha iniciado un levantamiento magnético aéreo de alta resolución con UAV en su propiedad de Obuasi en Ghana, adyacente a la Mina de Obuasi de AngloGold Ashanti. El levantamiento, que cubre aproximadamente 20 kilómetros cuadrados, se está llevando a cabo en colaboración con TuNya Mineral Resources como parte de su acuerdo de entrada en la porción sur del Tarkwaiano.
El proyecto implica volar un magnetómetro AIRBIRD de GEMS Systems a lo largo de líneas espaciadas cada 50 metros, sumando un total de 400 kilómetros lineales. SEMS Exploration de Ghana llevará a cabo el levantamiento, que se espera dure de 3 a 4 semanas. El levantamiento tiene como objetivo un área de 8 kilómetros de longitud con muestras históricas de rocas anómalas que superan 1 g/t Au, gran parte de las cuales aún no se ha probado mediante excavaciones y perforaciones.
펠란지오 탐사는 가나의 오부아시 소유지에서 앵글로골드 아샨티의 오부아시 광산과 인접하여 고해상도 UAV 공중 자력 측정을 시작했습니다. 이 조사는 약 20 평방킬로미터를 포함하며, 투니아 광물 자원와의 협력으로 남부 타르크와안 부분에 대한 권리 획득 계약의 일환으로 진행되고 있습니다.
이 프로젝트는 50미터 간격으로 배치된 라인을 따라 400킬로미터의 총 길이를 기록하기 위해 GEMS 시스템의 AIRBIRD 자력계로 비행하는 것을 포함합니다. 가나의 SEMS 탐사가 이 조사를 수행할 것이며, 3-4주 정도 소요될 것으로 예상됩니다. 이 조사는 1 g/t Au를 초과하는 역사적인 이상 암석 칩 샘플이 있는 8킬로미터 길이의 지역을 겨냥하고 있으며, 그 중 많은 부분은 구덩이 시굴 및 시추로 테스트되지 않았습니다.
Pelangio Exploration a lancé une enquête magnétique aérienne à haute résolution par UAV sur sa propriété d'Obuasi au Ghana, adjacente à la mine d'Obuasi d'AngloGold Ashanti. L'enquête, couvrant environ 20 kilomètres carrés, est réalisée en collaboration avec TuNya Mineral Resources dans le cadre de leur accord d'entrée sur la partie sud du Tarkwaien.
Le projet implique le vol d'un magnétomètre AIRBIRD de GEMS Systems le long de lignes espacées de 50 mètres, totalisant 400 kilomètres linéaires. La SEMS Exploration du Ghana effectuera l'enquête, qui devrait durer 3 à 4 semaines. L'enquête cible une zone de 8 kilomètres de long avec des échantillons historiques de roche anormale dépassant 1 g/t Au, dont une grande partie reste non testée par des fouilles et des forages.
Pelangio Exploration hat eine hochauflösende UAV-Luftmagnetfelduntersuchung auf seinem Obuasi-Gelände in Ghana, angrenzend an die Obuasi-Mine von AngloGold Ashanti, eingeleitet. Die Untersuchung erstreckt sich über etwa 20 Quadratkilometer und wird in Zusammenarbeit mit TuNya Mineral Resources im Rahmen ihrer Erschließungsvereinbarung im südlichen Tarkwaian-Bereich durchgeführt.
Das Projekt umfasst das Fliegen eines GEMS Systems AIRBIRD-Magnetometers entlang von 50 Meter auseinanderliegenden Linien, insgesamt 400 Linienkilometer. Die SEMS Exploration aus Ghana wird die Untersuchung durchführen, die voraussichtlich 3-4 Wochen dauern wird. Die Untersuchung zielt auf ein 8 Kilometer langes Gebiet ab, in dem historische anomale Gesteinsproben über 1 g/t Au liegen, von denen ein Großteil bislang nicht durch Graben und Bohren getestet wurde.
- None.
- None.
Toronto, Ontario--(Newsfile Corp. - November 5, 2024) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") is pleased to announce that a high-resolution UAV airborne magnetics survey has commenced on its Obuasi property, adjacent to the giant high-grade Obuasi Mine owned by AngloGold Ashanti PLC. The survey is expected to take 3-4 weeks to complete.
Ingrid Hibbard, President and CEO, commented:
"The high-resolution airborne drone magnetics survey covers one of the most prospective areas of our Obuasi property situated on strike with the renowned Obuasi Mine. The survey is being conducted in collaboration with TuNya Mineral Resources Ltd. as part of their earn-in on the southern Tarkwaian portion of our property. This survey is expected to yield critical data that will enhance our targeting of Obuasi-style gold mineralization on our property. We are eager to review the survey results and explore the targets it identifies for further evaluation and follow-up."
Background
Pelangio's 284 square kilometer Obuasi property is located in Ghana, Africa's largest gold producer. It is strategically situated in the Ashanti Gold Belt, West Africa's largest gold belt and globally recognized for its rich, high-grade gold deposits with centuries of successful gold mining. Our Obuasi property is adjacent to Anglo-Gold's Ashanti's high-grade Obuasi Mine with gold endowment exceeding sixty million ounces.
TuNya are conducting a US
Following the flying of the magnetic survey, the data will be processed, imaged and geologically plus structurally interpreted with recommendations for follow up to be funded by TuNya, likely to include a program of pitting and trenching to test the most favourable targets.
Survey Details
The drone (UAV) airborne magnetics survey being flown at Obuasi will be conducted by SEMS Exploration of Ghana. The survey will be flown with a GEMS Systems AIRBIRD magnetometer suspended from a Matrice 300 RTK drone along 50-meter spaced lines with a total of 400 line-kilometers covering an area of approximately 20 square kilometers. The survey is expected to take three weeks, depending on the weather. SEMS inhouse geophysicist will process and image the survey data and provide a report plus GIS imagery to Pelangio within ten days of completion of the survey.
Figure 1. Obuasi project UAV Magnetics Survey Area
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6179/228915_5b054ecd74ceabc6_001full.jpg
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 prospective land packages located in world-class gold belts in Ghana, West Africa and Canada. In Ghana, the Company is focused on its two
For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
Tel: 905-336-3828 / Email: info@pelangio.com
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", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain 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. Regarding forward-looking statements and information contained herein, we have made many assumptions, including about the state of the equity markets. Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any 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 volatility, 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, near-term production may not be viable,, delays due to COVID-19 or other 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 or 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228915
FAQ
What is the scope of Pelangio's (PGXPF) UAV magnetics survey at Obuasi?
When will Pelangio (PGXPF) complete the Obuasi UAV magnetics survey?
How large is Pelangio's (PGXPF) Obuasi property in Ghana?
What is TuNya's involvement in Pelangio's (PGXPF) Obuasi project?
