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. (OTC Pink: PGXPF) is a gold exploration company focused on acquiring and exploring land packages on world-class gold belts in Ghana and Canada. The news flow for Pelangio centers on exploration milestones, mineral resource updates, corporate developments and financing activities that support ongoing work on its projects.
Investors following PGXPF news will see regular updates on the company’s flagship Manfo Gold Project in Ghana, where Pelangio has reported an updated independent Mineral Resource Estimate covering four deposits. News releases detail changes in Indicated and Inferred resources, technical parameters used in pit-constrained estimates and the involvement of independent qualified persons and technical consultants.
Pelangio’s news also covers exploration programs across the Manfo-Nkosuo corridor and the Obuasi and Dankran properties. These updates describe activities such as high-resolution UAV magnetics and orthophoto surveys, drilling plans, pitting and trenching programs under earn-in agreements, and geological observations from site visits by the technical team. Such disclosures provide insight into how the company advances targets from early-stage exploration toward more detailed evaluation.
Another recurring theme in Pelangio’s news is capital-raising through non-brokered private placements and warrant exercises. The company reports unit offerings, associated warrants, finders’ fees and insider participation, along with intended use of proceeds for exploration, land maintenance, working capital and general corporate purposes. Corporate governance items, including annual meeting results and stock option plan approvals, also appear in the news stream. Readers interested in PGXPF can use this page to track these exploration, technical and corporate developments over time.
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.