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. (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.
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.
