Welcome to our dedicated page for Pelangio Explora news (Ticker: PGXPF), a resource for investors and traders seeking the latest updates and insights on Pelangio Explora stock.
Pelangio Exploration Inc. reports developments tied to gold exploration properties in Ghana, West Africa and Canada. The company acquires and explores prospective land packages, including the Manfo property, the Obuasi property near AngloGold Ashanti's Obuasi Mine, and the adjacent Dankran property.
Company news commonly covers drilling programs, mineral-project technical reports under NI 43-101, Ghana property interests, private placements, warrant exercises, stock option grants and corporate governance appointments. Updates also address capital raised for project advancement and working capital across Pelangio's Ghana and Canadian exploration portfolio.
Pelangio Exploration Inc. (OTC PINK:PGXPF) has entered into an Option Agreement with BNT Resources Ghana Ltd. to acquire a 100% interest in the 34.65 km2 Dankran property in Ghana's Ashanti Gold Belt. This property is adjacent to Pelangio's Obuasi project and features the same geology that underlies AngloGold Ashanti's 30+ million ounce Obuasi Mine. The agreement entails total payments of $300,000 and issuance of 1,000,000 shares. Initial exploration, including soil sampling, is set to begin shortly to identify gold anomalies.
Pelangio Exploration Inc. (OTC PINK:PGXPF) announced a correction in its stock option grant, reducing the total from 3,275,000 to 2,987,500 stock options for its officers, directors, employees, and advisors. The options are exercisable for five years at a price of $0.17 per share, unchanged from the previous announcement. This change is effective as of November 5, 2020. Pelangio focuses on acquiring and exploring gold properties in Canada and Ghana, including notable areas near Kirkland Lake and the Obuasi Mine.
Pelangio Exploration Inc. has amended its fixed stock option plan, increasing the total shares reserved from 2,700,000 to 5,300,000. The company granted 3,275,000 stock options to its directors, officers, employees, and consultants, with an exercise price of $0.17 per share, valid for 5 years. Pelangio focuses on acquiring and exploring gold properties in Canada and Ghana, including the Grenfell and Dome West properties in Ontario, and the Manfo and Obuasi properties in Ghana. For more details, visit Pelangio's website.
Pelangio Exploration has initiated a phase 2 drill program at its Grenfell gold project, located 10 km northwest of Kirkland Lake, Ontario. This program follows a successful phase 1, which reported high grades including 314 g/t gold over 1.74 m. The new drilling aims to evaluate the extension of the No.6 Vein system and explore potential mineralized zones at historical mine workings. Results are expected in about two weeks, and the company expresses optimism regarding the drill program’s prospects.
Pelangio Exploration has entered into an Option Agreement with Jubilee Minerals for the Birch Lake Property, located in Ontario, where Jubilee will invest $2,000,000 in exploration expenditures. This deal allows Jubilee to earn a 70% interest in the property while Pelangio retains 100% interest in the Birch Lake West Property. Historical drilling shows promising results, with a notable intercept of 34.54 g/t gold over 9.85 meters. The Birch Lake area is adjacent to significant holdings, potentially enhancing its exploration appeal.