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. (PGXPF) is a Canadian mineral exploration company advancing gold-rich properties in Ghana’s prolific mining belts and Canada’s polymetallic regions. This page provides a comprehensive repository of official news releases and updates, offering stakeholders timely insights into the company’s activities.
Access the latest developments on exploration results, resource estimates, and strategic partnerships. Investors will find updates on financing initiatives, including non-brokered private placements, alongside technical reports adhering to NI 43-101 standards. Media professionals and analysts can track operational milestones across Pelangio’s portfolio of high-potential projects.
Key content categories include drilling program outcomes, joint venture announcements, and corporate strategy updates. All materials are sourced directly from the company to ensure accuracy and compliance with financial disclosure regulations.
Bookmark this page for streamlined access to Pelangio’s progress in identifying and advancing gold mineralization targets through methodical exploration and collaborative industry relationships.
Pelangio Exploration Inc. held its annual and special meeting on June 30, 2021, where management’s proposals were fully approved by shareholders. The board now includes Ingrid Hibbard, JC St. Amour, David Mosher, Kevin Thomson, Joyce Aryee, and Al Gourley. Shareholders also reappointed the auditor and approved a new 10% rolling Stock Option Plan. Pelangio focuses on gold exploration in Ghana and Canada, targeting high-potential properties. For more details, visit www.pelangio.com.
Pelangio Exploration has completed the final tranche of a non-brokered private placement, raising a total of $275,000 through the issuance of 1,718,750 flow-through units at $0.16 each. The total proceeds from the offering amount to $750,000. Funds will support exploration and drilling at the Dome West, Gowan, and Hailstone projects. Additionally, finder's fees were paid totaling $5,250 and 32,812 non-transferrable warrants. Securities issued are subject to a hold period until October 18, 2021.
Pelangio Exploration Inc. (OTC PINK:PGXPF) announced the receipt of final data from the VTEM Plus electromagnetic survey at its Gowan polymetallic project, located near Timmins, Ontario. The survey confirmed a broad 1.5 km by 1 km electromagnetic response, indicating potential for copper-zinc volcanogenic massive sulphide (VMS) deposits, along with nickel-copper sulphide deposits. Historical drilling results show promising intercepts. A ground Induced Polarization survey will commence shortly, aimed at refining drill targets.
Pelangio Exploration has successfully closed a first tranche of a non-brokered private placement, raising $475,000 by issuing 2,968,750 flow-through units at $0.16 each. The funds will support exploration and drilling at its Dome West, Gowan, and Hailstone projects. Each unit comprises one common share and half a warrant, with warrants priced at $0.20 for 18 months. A second closing is anticipated around June 15, 2021, pending TSX-V approval. All securities are subject to a hold period expiring October 11, 2021.
Pelangio Exploration Inc. has initiated a Reverse Circulation (RC) drilling program at its Dankran Project in Ghana, with 225 meters drilled across three holes so far. The program aims to test five compelling targets, focusing on soil anomalies in the northern area. With a planned total of 2,700 meters of drilling, the project is strategically located near the historic Obuom Mine. Soil sampling from previous months identified significant gold anomalies, and ongoing prospecting aims to generate additional targets. The drilling is expected to continue for three to four weeks.
Pelangio Exploration Inc. has completed 908 meters of diamond drilling at its Hailstone project in Northern Saskatchewan, testing eight targets. Despite intersecting shear zones and disseminated pyrite, no significant gold values were found. President and CEO Ingrid Hibbard emphasized the importance of the data for future exploration, particularly around areas with high gold grain counts. The property, spanning 75 square kilometers, is strategically located in a revitalized gold camp, conducive for further exploration efforts.
Pelangio Exploration Inc. (PGXPF) has completed a 908-meter drill program at its Hailstone Property in Northern Saskatchewan, with eight holes drilled and assays pending. All drill holes intersected zones of interest, including shear zones and significant mineralization, with one hole revealing a 1.2-meter quartz vein related to the surface Bornite Zone, previously showing 15.9 g/t gold. The property, located in a historically rich gold area, will undergo further assessments based on assay results from 466 samples sent for analysis.
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.
