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Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) focuses on acquiring and exploring land packages on strategic gold belts in Ghana and Canada. The company explores two 100% owned camp-sized properties in Ghana, including Manfo, the site of near-surface gold discoveries, and Obuasi, located near AngloGold Ashanti's high-grade Obuasi Mine. In Canada, Pelangio is focused on the Kenogaming project and the Gowan project. The company recently closed a non-brokered private placement to raise funds for working capital and general corporate purposes.
Pelangio Exploration Inc. (OTC PINK:PGXPF) announced a 1,000-meter diamond drilling program at its Manfo Project in Ghana, set to commence in March 2023. This program follows a successful phase in late 2021, which discovered a new gold lode in the Pokukrom West deposit, returning 3.19 g/t Au over 12 meters. The new drilling aims to explore extensions of the Pokukrom East and West deposits, as well as test a confirmed gold anomaly. The Manfo Project has a reported gold resource of 195,000 oz Indicated and 298,000 oz Inferred. The drilling is expected to take 4 to 5 weeks, with assay results anticipated shortly after.
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