Pelangio Receives Positive Preliminary Metallurgical Test Results at Pokukrom East on Manfo Property
09 July 2012 - 10:00PM
Marketwired Canada
Pelangio Exploration Inc. (TSX VENTURE:PX)(OTCBB:PGXPF) ("Pelangio" or the
"Company") is pleased to announce preliminary scoping metallurgical test results
from four composite samples taken primarily from the Pokukrom East gold zone at
the Manfo Property in Ghana.
Full elemental head assays, gravity separation tests, preg robbing tests,
sequential diagnostic leach tests, and cyanide leaching tests on both whole ore
and gravity tail samples were undertaken on the samples. In addition to the gold
recovery testwork, comminution testwork was undertaken to characterize the
crushing and grinding requirements when treating the ore. The testwork was
undertaken by SGS Mineral Services in Lakefield, Ontario, in the first quarter
of 2012.
Highlights of the Metallurgical Testwork Report from the Pokukrom East zone
today include:
-- Composite samples present mineralization that is expected to achieve 84%
to 94% gold recovery by means of a conventional free milling gold
circuit at a grind size of 80% passing 75 micron as determined by 48
hour leach tests with the recovery of 21% to 50% through gravity
separation alone.
-- The metallurgy of the material appears amenable to a standard free
milling gold flowsheet and is similar to some deposits in the region
currently in production.
-- All four metallurgical sample types submitted for testing demonstrated a
variance in the measured gold grade compared to the exploration half
core assays for the same intervals. The Sericite Low-Grade Sulphide
metallurgical sample increased by 51.4% to 2.71 g/t Au, Sericite High-
Grade Sulphide increased by 77.8% to 12.5 g/t Au, Oxidized Zone
increased by 25.8 % to 1.22 g/t Au, while Hematite Low-Grade Sulphide
decreased by 18% to 1.32 g/t Au.
"We are pleased with the very good conventional metallurgical profile of the
samples," stated Warren Bates, Senior Vice President Exploration. "While not
affecting initial observations regarding the metallurgical characterization of
the types of mineralization, the reason for the variations between the
metallurgical sample assay head grades and calculated head grades will require
investigation during future test work programs."
Metallurgical Testing
The four samples submitted for metallurgical analyses were composites made up
from quartered one metre HQ diamond drill core intervals. The source of the half
core was previously sampled exploration drill core. The samples are from over a
strike length of 700 metres at the Pokukrom East gold zone, with the saprolite
(weathered) sample containing about 20% of its weight from the Pokukrom West
zone, 600 metres to the west. Sample weights averaged 70 kilograms and were
taken from the four main types of mineralization: hematitic granitoid
(sulphide), weathered granitoid, and both high grade sulphide and low grade
sulphide sericitic granitoid. The average actual head assay for each sample was
1.32 g/t, 1.22 g/t, 12.5 g/t and 2.71 g/t respectively.
Orway Mineral Consultants of Mississauga (a subsidiary of Lycopodium Ltd.), the
author of the test work report, notes that the "composite samples present
mineralization that is amenable to processing by means of a conventional free
milling gold circuit to achieve recoveries of 84% to 94% when ground to 80%
passing 75 micron. The mineralization is not preg robbing, and has quite low
concentrations of elements that have a deleterious effect on economic gold
recovery. The metallurgy of the material appears amenable to a standard free
milling gold flowsheet and is similar to some deposits in the region currently
in production."
Gravity separation tests of the samples show recovery of 21% to 50% of the total
gold. Given these initial results, Orway suggests that gravity separation should
be considered in the flow sheet development. In addition, the possibility of
achieving comparable recoveries with an optimized whole ore cyanide leaching
circuit which includes oxygen injection to increase leach kinetics should be
investigated as it would provide a simpler flow sheet.
Sequential diagnostic leach tests determined a combined gravity and cyanide
recoverable gold content of 84% to 94% for the samples tested. The remaining 6%
to 16% of the total gold, which is resident in the cyanide leached residue, was
leached with aqua regia to determine the amount of gold associated with
sulphides and is assumed to be locked in silicates. These results indicated that
0.2% to 1.9% of the gold in the original head sample may be locked in silicates
with the remaining gold associated with sulphides. Studies of ore mineralogy are
expected to provide information to assist in the determination of optimal grind
size, and could provide guidance to increase the recovery of the 6% to 16% of
the gold which predominately appears to be associated with sulphides and may be
refractory.
The unoxidized mineralization hosted by the fresh granitoid rock is, as
expected, highly competent, has above average Bond ball mill work indices, and
is highly abrasive. This is in contrast with the sample from the weathered
granitoid surface layer, which is incompetent and has low indices. Grind size
versus recovery testing is yet to be undertaken and is required to optimize the
primary grind size to be adopted for the project.
Sample Names, Mineralized Area, Metallurgic Type, Sample Mass, Aggregate Core
Length, Previous 1/2 Core Assay Average, Metallurgic Head Analysis, Overall
Recovery and Gravity Recovery are summarized in the tables below. Samples are
listed from top to bottom in order of their relative importance in East Pokukrom
mineralization.
Table 1 Manfo Metallurgic Testing Sample Summary
----------------------------------------------------------------------------
Overall
Aggregate Recovery
Sample Core Gravity + Gravity
Sample Mineralized Metallurgic Mass Length 48hr Leach Recovery
Name Area Type (Kg) (meters) (%) (%)
----------------------------------------------------------------------------
Sericite
SGD Pokukrom Low-Grade
Yellow East Sulphide 70.5 67 85.0 47.7
----------------------------------------------------------------------------
Sericite
Pokukrom High-Grade
SGD Red East Sulphide 51.9 48 86.0 49.8
----------------------------------------------------------------------------
Hematite
Pokukrom Low-Grade
HGD East Sulphide 69.1 66 85.5 33.6
----------------------------------------------------------------------------
Pokukrom Oxidized
WGD East &West Zone 87.3 105 93.8 21.1
----------------------------------------------------------------------------
Table 2 Manfo Samples; Head Analysis and Exploration Core Average Grades
(g/t Au)
----------------------------------------------------------------------------
Previous
1/2 Core Assay
Average Head Analysis Change in Grade
Sample Name (g/t Au) (g/t Au) (%)
----------------------------------------------------------------------------
SGD Yellow 1.79 2.71 + 51.4
----------------------------------------------------------------------------
SGD Red 7.03 12.5 +77.8
----------------------------------------------------------------------------
HGD 1.61 1.32 -18.0
----------------------------------------------------------------------------
WGD 0.97 1.22 +25.8
----------------------------------------------------------------------------
The exploration program for the Manfo Property is overseen and approved by
Warren Bates, P. Geo. (Ontario), a Qualified Person within the meaning of
National Instrument 43-101 ("NI 43-101"), and Senior Vice President Exploration
of Pelangio. Mr. Bates and the Company's geologic staff in Ghana conducted the
sample selection referred to herein.
The Qualified Person who is responsible within the meaning of NI 43-101 for the
information contained herein is Christopher G Waller, MAusIMM(CP), Manager of
Studies for Lycopodium Minerals Pty Ltd.
About Pelangio
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 two 100%-owned camp-sized properties: the 100 km2 Manfo Property, the
site of five recent near-surface, high grade and bulk tonnage, gold discoveries,
and 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.
For additional information, please visit our website at www.pelangio.com, follow
us on Twitter @PelangioEx.
Forward Looking Statements
Certain statements herein may contain forward-looking statements and
forward-looking information within the meaning of applicable securities laws and
such statements and information may be based on numerous assumptions.
Forward-looking statements and information include statements regarding the
Company's exploration plans and exploration results with respect to the Manfo
Property, the Obuasi Property and the Akroma Property, and are subject to
forward-looking 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.
Accordingly, readers should not place undue reliance on forward-looking
statements or information. See the Company's annual information form, 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. The Company undertakes 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.
Pelangio Exploration (TSXV:PX)
Historical Stock Chart
From May 2024 to Jun 2024
Pelangio Exploration (TSXV:PX)
Historical Stock Chart
From Jun 2023 to Jun 2024
