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Pelangio Exploration Announces Filing of the Maiden Resource Estimate 43-101 Technical Report, for the Manfo Gold Project in Ghana, West Africa

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Pelangio Exploration Announces Filing of the Maiden Resource Estimate 43-101 Technical Report, for the Manfo Gold Project in Ghana, West Africa

 

 

 

 

 

Pelangio Exploration Inc. (TSX VENTURE:PX)(OTCQB:PGXPF) is very pleased to announce the filing of a technical report prepared in accordance with Canadian Securities Administrators’ National Instrument 43-101 in support of the Company’s May 7, 2013 news release which announces a maiden resource estimate at its Manfo Project in Ghana, West Africa.
 

SRK Consulting (Canada) Inc. prepared the independent technical report titled “Mineral Resource Evaluation Technical Report, Manfo Gold Project Ghana”, the dated June 21, 2013, effective date of May 7, 2013. The Technical Report was prepared by Robert Blair Hrabi, PGeo (APGO #1723) and Dorota El-Rassi, P.Eng (APEO #100012348), under the supervision of Glen Cole, PGeo (APGO #1416) of SRK. Mr. Hrabi, Ms. El-Rassi, and Mr. Cole, are all independent Qualified Persons as this is defined in NI 43-101. The Technical Report is available on SEDAR at www.sedar.com and will be available on the Company’s website www.pelangio.com.
 

Pelangio’s Senior VP Exploration is Warren Bates, PGeo (APGO #0211), a Qualified Person as defined by NI 43-101 who has reviewed the technical content of this press release.
 

About Pelangio Exploration Inc.
 

Pelangio successfully acquires and explores camp-sized land packages in world-class gold belts, while using innovative corporate restructuring to maximize shareholder value. The Company primarily operates in Ghana, West Africa, an English-speaking, common law jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa. The Company is exploring three 100%-owned camp-sized properties: the 100 km2 Manfo Property, the site of seven recent near-surface gold discoveries and which currently hosts a NI 43-101 resource estimate of 195,000 ounces of gold in the Indicated category (3,973,000 tonnes at 1.52 g/t Au) and 298,000 ounces of gold in the Inferred category (9,666,000 tonnes at 0.96 g/t Au), the 290 km2 Obuasi Property, located four kilometres on strike and adjacent to AngloGold Ashanti’s prolific, high-grade Obuasi Mine, which has produced over 30 million ounces of gold since 1897, and the early-stage 160 km2 Akroma Property.

Posted June 24, 2013

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