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 (OTC:PGXPF) announced an updated Mineral Resource Estimate for its 100% owned Manfo Gold Project in Ghana, showing significant increases in gold resources. The updated estimate, effective July 31, 2025, defines 441,000 ounces of Indicated gold resources at 1.16 g/t Au and 396,000 ounces of Inferred gold resources at 0.77 g/t Au.
The new estimate, using a gold price of $2,600/oz (up from $1,450/oz in 2013), represents a 126% increase in Indicated category and a 395% increase in Inferred category. The resource now includes four deposits, with the addition of the Nkansu deposit. The Pokukrom East deposit remains the largest, accounting for 91% of total Indicated resources with 402,000 ounces.
Pelangio Exploration (OTC:PGXPF) has initiated a high-resolution UAV aeromagnetic survey at its Manfo and Nkosuo projects. The survey, covering 900 line-kilometers with 50-meter spacing, is approximately 45% complete and will encompass all current exploration targets across both properties.
The drone survey aims to enhance geological and structural interpretation for future drill targeting. Additionally, the company expects to release an updated Mineral Resource Estimate for the Manfo project within the current quarter.
Pelangio Exploration (OTC:PGXPF) held its annual general and special meeting on June 25, 2025, where shareholders approved all proposed management matters. The meeting resulted in the re-election of board members Ingrid Hibbard, JC St. Amour, David Mosher, Kevin Thomson, and Kamar Jones. Additionally, shareholders approved the reappointment of the company's auditor and reapproved the stock option plan.
Pelangio Exploration (TSXV: PX) (OTC Pink: PGXPF) has successfully completed a non-brokered private placement, raising $1,000,000 through the issuance of 25,000,000 units at $0.04 per unit. Each unit comprises one common share and one warrant, with warrants exercisable at $0.05 per share for 36 months.
The proceeds will be allocated to working capital, including exploration activities, metallurgical work, and land maintenance costs. Up to 10% will be used for settling non-arm's length payables and general corporate purposes. No finder's fees are associated with this placement.
The securities are subject to a four-month hold period and final TSX Venture Exchange approval. The offering excludes U.S. registration under the Securities Act of 1933.
Pelangio Exploration (TSXV: PX, OTC: PGXPF) has announced a delay in releasing its Mineral Resource Estimate (MRE) for the Manfo Project following a strategic agreement with FJ Minerals The deal allows Pelangio to acquire up to 83% interest in the adjacent Nkosuo Project.
The company requires additional time to incorporate newly available property and historical data into the updated MRE, which will now encompass both projects. The combined Manfo-Nkosuo assessment will include:
- Analysis of drilled targets at the boundary of both properties
- Review of the structural interpretation across a 4.4km mineralized corridor
- Development of a more comprehensive MRE to support a future Preliminary Economic Assessment (PEA)
The updated MRE is now scheduled for completion in the third quarter of 2025, aligning with the broader exploration and development timeline of the combined project.
Pelangio Exploration (TSXV: PX) (OTC Pink: PGXPF) has announced two significant corporate updates. The company's Board of Directors has approved the grant of 1,500,000 incentive stock options to directors, officers, employees, and consultants, exercisable at $0.06 per share with a 10-year term expiring February 28th, 2035.
Additionally, the company has filed a Notice of Change of Auditor as required by NI 51-102, with McGovern Hurley LLP resigning to facilitate the appointment of Jones & O'Connell LLP as the new auditors. This change was approved by both the Audit Committee and Board of Directors.
Pelangio Exploration Inc. (TSXV: PX) (OTC PINK: PGXPF) has entered into a strategic agreement with FJ Minerals to acquire up to an 83% interest in FJ's Nkosuo Project in Ghana. The Nkosuo Project is located adjacent to Pelangio's Manfo Project on the Sefwi Belt in the Ashanti Region.
The Nkosuo Project includes a 30-year Mining Lease covering 18 km² with exploration highlights from previous drilling including 37 meters of 1.52 g/t Au and a trench assaying 37 meters of 5.60 g/t Au including 22 meters of 7.89 g/t Au.
Under the agreement, Pelangio will transfer a 17% interest in the Manfo Project to FJ. If exercised by December 15, 2025, a Joint Venture will be formed with Pelangio as the operator. Additional options have been granted to Nathawo Properties and MFD Investment Holdings, potentially resulting in final interests of: Pelangio (65.7%), FJ (17%), Nathawo (10%), and MFD (7.3%).
Pelangio Exploration has initiated a geochemical pitting program at its Obuasi property in Ghana, following up on targets identified from a recently completed UAV magnetics survey. The program aims to explore 2.5 kilometers of strike along the interpreted Obuasi Mine trend extension on Pelangio's adjacent property.
The exploration work is part of TuNya Mineral Resources 's US$250,000 technical study under their earn-in agreement. The high-resolution UAV magnetic survey, completed in December 2024, has better defined high magnetic strata interpreted as the strike extension of the mafic volcanic unit where most Obuasi mine mineralization is located.
The program involves hand-dug pits at 100-meter intervals along 200-meter spaced lines, with 100 pits initially planned. The two-month program will analyze one-meter channel samples for gold by fire assay, with 25% designated as higher priority. Based on results, the survey may be expanded, reduced, or infilled. Successful areas may undergo further trenching and potential drill testing.
Pelangio Exploration (TSXV: PX) (OTC: PGXPF) has completed a high-resolution UAV airborne magnetics survey on its Obuasi property in Ghana, revealing promising results along the Obuasi Mine trend extension. The survey, covering 18 square kilometers with 50-meter line spacing, was conducted by SEMS Exploration as part of TuNya Mineral Resources' US$250,000 technical study.
Key findings include:
- Identification of a high-magnetic horizon representing the mafic volcanic unit where Obuasi Mine mineralization is located
- Discovery of six kilometers of untested drilling targets
- Multiple anomalous rock chip samples, including nine samples with gold values from 5.0 to 11.9 g/t Au
- Historical trenching results of up to 34 meters at 0.59 g/t Au
Pelangio maintains 100% ownership of the property and plans further exploration, including re-flying select survey lines and advanced data processing to refine targets.