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Pelangio drills high grade gold at depth on Pokukrom West zone at Manfo

May 24, 2011 10:10 AM ETLIN
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Pelangio Exploration (CVE:PX)(OTCBB:PGXPF) reported Tuesday high grade gold at depth from an additional nine diamond drill holes at the Pokukrom West on its Manfo property in Ghana.

Notable intersections included 5.79 g/t gold over 8 metres in hole SPDD-130, within a broader intersection of 2.6 g/t gold over 19 metres.

In addition, hole SPDD-131 returned 14.10 g/t gold over 7 metres, while hole  SPDD-132 intersected 2.95 g/t gold over 6 metres within a wider intersection of 0.99 g/t gold over 22 metres.

The company said the results confirm a strike length of 100 metres at Pokukrom West, as well as a vertical depth of 110 metres, which Pelangio plans to expand further.

"Today's drill results confirm that the high-grade gold intersected in oxide during first phase drilling last year at Pokukrom West continues into fresh rock at depth," said senior VP of exploration, Warren Bates.

"The high-grade intersection in SPDD-131 is the deepest we have drilled yet at Pokukrom West and the zone remains open at depth."

Indeed, major deposits located nearby the Manfo property include Newmont's Ahafo and Kinross Gold's Chirano - both  million ounce underground deposits beginning at depth.

As part of the second phase drill program at Manfo, Pelangio has completed 49 drill holes totaling 7,752  metres to date, of which 39 have been reported thus far. Currently, drilling is ongoing on the southern extension of the Pokukrom East gold zone.

The company's goal for the year is to discover as many gold mineralized zones on the Manfo project as possible.

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