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. (OTC: PGXPF) announced the completion of data evaluation for the Dome West project in Timmins, Ontario, ahead of a drilling program set for June or July 2021. This project is positioned near significant gold-mining areas, with historical data indicating gold mineralization potential. Key highlights include untested target horizons and historical underground drill results demonstrating promising gold grades of 21.6 g/t and 59.6 g/t. The company is optimistic about the prospects for their shareholders as they prepare for drilling.
Summary not available.
Summary not available.
Pelangio Exploration Inc. (OTC PINK:PGXPF) has appointed Dr. Joyce Rosalind Aryee to its Board of Directors, bringing extensive experience in the Ghanaian mining industry and strategic leadership. Dr. Aryee, a prominent public figure in Ghana, has over 40 years in public and private sectors, including serving as CEO of the Ghana Chamber of Mines. The board also thanked Mr. James Hannon for his service as he steps down. Pelangio is focused on exploring gold properties in Ghana and Canada, with plans to enhance exploration activities in the region.
Pelangio Exploration has announced the initiation of its initial diamond drill program at the Hailstone gold project in Saskatchewan, covering 75 km². The focus is on the Asbell Bay target area, which constitutes 3% of the property, featuring eight high-priority drill targets over 1 km of the 1.8 km Asbell Bay trend. Notable occurrences include up to 15.9 g/t gold from the Bornite zone and 1.65 g/t Au from the Crocodile zone. The project is strategically located near former gold producers, enhancing its potential for valuable discoveries.
Pelangio Exploration Inc. has announced promising assay results from its Dankran Project in Ghana, revealing gold values up to 1.325 g/t from recent soil sampling. This infill sampling program has further defined gold-in-soil anomalies, particularly in the northern region, making it ready for drilling. Additionally, prospecting uncovered a significant trend of artisanal hard-rock workings extending from the nearby Obuom Mine. Preparations for a 2,500-meter drill program are in progress to explore these targets.
Pelangio Exploration has successfully closed the first tranche of its non-brokered private placement, raising $1,240,900. This tranche involved issuing 7,950,000 hard dollar units at $0.13 each and 1,220,000 flow-through shares at $0.17 each. Proceeds will be used for Canadian Exploration Expenses and advancing gold exploration projects in Ghana. A second tranche is planned for around December 8, 2020. All securities are subject to a hold period until April 4, 2021.
Pelangio Exploration has announced an increase in its non-brokered private placement, raising the total size from $1,800,000 to $2,221,000. The offering includes hard dollar units priced at $0.13 per unit and flow-through shares at $0.17 per share. Pelangio is focused on gold exploration in Ghana and Canada, with properties that include the Manfo and Obuasi properties in Ghana and the Grenfell property in Ontario. The company anticipates utilizing the new funds to advance its exploration initiatives.
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.