Pelangio Exploration Inc (PGXPF)

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Pelangio VP Brendan Cahill on Ghana gold assays of 1.88 g/t over 31m

Pelangio Exploration Inc TSXV:PX announced assays from its Manfo Property in Ghana, West Africa. Results include

1.88 g/t gold over 31 metres (including 17.65 g/t over 3 metres)
1.06 g/t over 20 metres
0.97 g/t over 47 metres (including 1.92 g/t over 14 metres)
1.41 g/t over 29 metres (including 3.05 g/t over 8 metres)
1.06 g/t over 63 metres (including 3.78 g/t over 8 metres)
0.96 g/t over 22 metres

VP Corporate Development Brendan Cahill tells ResourceClips.com, “Manfo consists of 100-square kilometres on Ghana’s Sefwi Belt. It is about 14 kilometres from Newmont’s [TSX:NMC] Ahafo Mine—that’s a 19-million ounce total-resource deposit, grading about 1.6 grams per tonne and producing up to 600,000 ounces a year at $550 per ounce. So it’s a huge deposit. We have very similar geology at Manfo and have made five discoveries since mid-2010.

Read the rest of this interview with Pelangio VP Brendan Cahill on gold in Ghana. http://resourceclips.com/2012/04/26/pelangio-vp-brendan-cahill-on-ghana-gold-assays-of-1-88-gt-over-31m/