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Pelangio Exploration Identifies New Trend and Prepares for Drilling at Dankran Project, Ghana
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Pelangio Exploration Identifies Significant Gold in Soil Anomalism at the Dankran Project, Ghana
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TORONTO, ON / ACCESSWIRE / January 28, 2021 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) ( Pelangio or the Company ) is pleased to announce significant assay results from its initial soil sampling program on the recently acquired Dankran Project in Ghana, which commenced in December 2020. Following the positive results, an infill soil sampling program was initiated, which is nearly completed, to more accurately define ten target areas with very significant gold in soil anomalism generated from the initial sampling program. The results from the infill program will influence the design of the Reverse Circulation ( RC ) drilling program to test the most significant anomalies. The drill program is expected to commence in February.
and its mineral exploration licences in Southern Botswana,
comprising the Kanye Manganese project
Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce the conditional acquisition of 100% of Metrock Resources Ltd ( Metrock ) and its manganese mineral exploration licences in Southern Botswana comprising the Kanye Manganese Project.
· 4,043 sq km land package with 125 km of potential on trend manganese mineralisation across the licences
· Trenching results have yielded in the case on one prospect of between 53% and 74% manganese oxide ( MnO )
· Bezant will acquire 100% of Metrock by i) issuing 150,000,000 new shares to settle £405,000 and ii) issuing 31,800,000 unlisted options exercisable at 0.40 pence per share up to 30 September 2024 and deferred consideration of £225,000 also to be settled in new shares should an Indicated Resource be delineated and settle Metrock s creditors of £45,100
Pensana Rare Earths Plc (LSE: PRE, ASX: PM8) is pleased to report high grade rare earths in soils from the first sampling programmes completed at its 7,500 square kilometre Coola Project located 16 kilometres north of its flagship Longonjo project in Angola. Also reported is the appointment of accomplished economic geologist Grant Haywood as Exploration Manager together with an update on recent site activities at the Longonjo.
· Assay results received from soil sampling over the Coola carbonatite identify a high tenor soil anomaly up to 4.69% REO extending over a 1.3 x 1.4 kilometre area.
· The highest REO values lie over the 3.2 kilometre perimeter of the carbonatite ring structure and are coincident with an outcropping circular carbonatite dyke.
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