Pelangio Exploration Advances Exploration Programs in Ghana

Pelangio Exploration Inc., based in Ontario, has announced the advancement of multiple exploration programs across its Ghana portfolio. These initiatives are aimed at deepening the company’s understanding of its assets and potentially uncovering new mineral deposits.

The company has completed a Controlled Source Electromagnetic Survey (CSEM) targeting mineralization at the Manfo deposit. This survey, conducted by SEMS Exploration Services of Ghana, covered an area of 2.8 km² with 100 EM stations. The survey was designed to explore for mineralization at greater depths than the recently completed drill program, which included SPDD26-008, which intercepted 26 meters at 2.99 g/t Au from 270m, including 6 meters at 11.74 g/t Au.

Pelangio is also collaborating with AngloGold Ashanti on a CSEM survey at the Obuasi property. This survey, which will cover the 'Obuasi Targets Area' on the western edge of the property, is interpreted to be on strike with the Obuasi Mine's Main Au Trend. The survey will cover an area of 9.2 km² with 295 170-meter spaced stations. AngloGold Ashanti will conduct a parallel CSEM survey extending Pelangio's survey 6 kilometers into their mine property with 333 stations over an area of 10.4 km². The survey is expected to commence on Pelangio's Obuasi property by the end of September and proceed south into AngloGold Ashanti's Obuasi Mine property.

Additionally, preparations are underway for a diamond drilling program on the Dankran property, expected to commence by the end of September. A program of five holes totalling 650 meters has been planned to follow up on Pelangio's successful maiden reverse circulation (RC) drilling program conducted in 2021, which returned up to 3 meters of 14.17 g/t Au plus 2 meters of 6.02 g/t Au. Previous work by Pelangio has delineated a 2.5-kilometer-long target along the principal Ashanti Belt volcanic-sedimentary contact 2 kilometers southwest of the Obuom Mine, a WWII-era small underground mine that produced approximately 30Koz of gold at 15+ g/t Au from quartz lodes in a shear along the contact.

TuNya Mineral Resources, which is earning-in to the southern Tarkwaian portion of Pelangio's Obuasi property, has just commenced an RC drilling program to test several robust Au-in-soil anomalies they have delineated on the earn-in property. As part of TuNya's commitment to earn 80% of this portion of Pelangio's Obuasi property, TuNya are required to conduct 2,000 meters of drilling. TuNya have been conducting detailed mapping and soil sampling on the earn-in ground for much of 2026 and have identified several promising targets scheduled for testing by RC drilling, which is now underway. While TuNya's focus has been on Tarkwaian geology, the new prospects appear to be more Birimian shear-hosted in nature. The program is expected to take approximately one month and assays are anticipated in October. TuNya currently have several diamond drill rigs operating on their Tarkwaian Kyereboso prospect.

These exploration programs are part of Pelangio's ongoing efforts to advance its understanding of its Ghana assets and potentially uncover new mineral deposits. The company's President and CEO, Ingrid Hibbard, stated, "What is particularly encouraging is that each of these programs is aimed at answering an important geological question. At Manfo, we are testing the potential for mineralization beyond the depth reached by recent drilling. At Obuasi, we will be surveying along a trend associated with one of the world's premier gold districts, and at Dankran we are following up on previous high-grade drill intercepts. Collectively, these programs represent meaningful catalysts for advancing our understanding of the potential across our Ghana assets."