· The Dankran property covers the same Birimian sedimentary and volcanic stratigraphy that hosts AngloGold Ashanti’s 30 million ounce Obuasi Mine;

· Adjacent to historic Obuom mine which in the 1930’s produced 29,000 ounces at an average grade of 16 g/t Au, with recent extensive artisanal mining activity evident extending from the mine site into the Dankran property;

· Seven kilometers of strike of the world-class Ashanti Belt, one of the last remaining under-explored strike-extensive stretches of highly favourable Ashanti Belt geology; and

· Early works by Pelangio on the property quickly resulted in a new discovery with 14.17 g/t Au over 3 meters (including 39.20 g/t Au over 1 meter) returned from an RC hole drilled in the small maiden drilling program of June 2021.


Pelangio has the right to earn 100% interest in the Dankran property through option agreement

Property Details

The Dankran project covers an area of 34.65 km2 contiguous to the northeastern corner of Pelangio’s Obuasi project. The Prospecting License covers the same Birimian sedimentary and volcanic stratigraphy that hosts AngloGold Ashanti’s 30+ million ounce Obuasi Mine, 25 kilometers to the southwest, plus several prospective northeasterly striking regional structures. Refer to Figure 1.

An historic gold mine, the Obuom Mine, is located approximately 1.5 kilometers to the northeast of the Dankran project boundary, in an area that is presently designated for formalized Small Scale Mining. The Obuom deposit was discovered during the gold rush in Ghana at the close of World War I and was developed into a small underground operation which ran intermittently during the 1920’s and 1930’s at a peak capacity of 1,000 tons per day, and shut down in 1936 after having reportedly produced 29,000 ounces Au at an average grade of approximately 16 g/t Au. (Gold Deposits of Ghana; Ghana Minerals Commission, 2002). The mining operation focused on two or more 1 to 1.5 meter wide high-grade gold bearing quartz veins occurring along the sheared contact between Birimian metasediments to the northwest and Birimian metavolcanics to the southeast.

Since the 1930’s there appears to have been very limited exploration in the Dankran project area. The Ghana Geological Survey mapped the northern Ashanti Belt in the 1960’s and the BRGM (Bureau de Recherches Géologiques et Minières; the Geological Survey of France) conducted a stream sediment sampling program over the district in the 1980’s. In the early 1990’s Johannesburg Consolidated Investment (JCI) of South Africa conducted soil sampling and geological mapping plus sampling. The details of BRGM and JCI’s work, including precisely where their work was conducted and the results, are not available.

There are no reports of exploration drill testing having been conducted over the Dankran project area in the available literature, making the Dankran project, with 7 kilometers of strike of the world-class Ashanti Belt, one of the last remaining strike-extensive stretches of highly favourable Ashanti Belt geology and structure that has not been significantly explored; certainly not in recent times.

The most recently available Google Earth imagery covering the Dankran-Obuom area from November 2018 shows substantial artisanal mining activity on the government designated Small Scale Mining Area and extending well into the Dankran project area. Artisanal mining appears to have been conducted largely along the drainage networks, but also over areas of higher ground indicating exploitation of insitu material.  Refer to Figure 2.

Work conducted on the Dankran project by Pelangio between December 2020 and June 2021 included several campaigns of soil sampling which identified extensive Au in soil anomalism, particularly along the principal Obuasi metavolcanic-metasedimentary contact, plus a small maiden RC drilling program to test several of the better soil anomalies. A total of 2,491 meters of RC drilling in 36 holes on 6 drill fences was conducted with drill holes averaging less than 70 meters in length. Ten drill holes returned anomalous intercepts of up to 6.07 g/t Au over 2 meters and 0.47 g/t Au over 10 meters, all located along the main metavolcanic-metasedimentary contact and illustrating potential for higher gold grades and reasonable widths. The mineralization consists of quartz veining in sheared metasediments near the volcanic contact, consistent with the mineralization style at the old Obuom Mine. The RC drilling collected 1-meter samples, although 2-meter samples were composited for gold assay. After the initial assay results were received the individual 1-meter samples from mineralized zones were assayed as a check on the initial results. One of the drill intercepts improved considerably in the 1-meter re-assays to 14.17 g/t Au over 3 meters illustrating the potential of the project for high-grade mineralization and likely reflecting a nugget effect, to be expected in a high-grade shear-hosted quartz vein mineralizing environment. Refer to Figure 2.

Further Planned Exploration Work

Soil sampling and a maiden RC drilling program at Dankran have identified a 2.5 km long trend of gold mineralization along the main Obuasi metavolcanic-metasedimentary contact, which is prospective for a high-grade discovery. Limited drill testing to-date returned a number of anomalous intercepts with one noteworthy intercept of 14.17 g/t Au over 3 meters at the western end of this zone. Further drilling is warranted to explore the zone for a potentially economic discovery and will include additional RC drill fences to better evaluate the 2.5 km long trend, which is currently very lightly drilled, for additional areas of interest. The RC drilling would be followed by diamond drilling to test areas of mineralization deeper than the shallow RC drilling (<60 meters vertical) plus provide better geological and structural information than RC drilling can deliver.

© 2023 Pelangio Exploration Inc.
All rights reserved.

Subscribe to our Email List