Pelangio Exploration Inc. is pleased to provide an update on its Dalton Project located in Timmins and its Grenfell Project located 10 kilometers northwest of Kirkland Lake Ontario. Dalton Project In late July, the Company completed 826 meters of diamond drilling in four drill holes to test two coincident geochemical and geophysical anomalies on the Dalton Project. Drilling intersected sulphide mineralization and a number [...]
Pelangio Exploration Inc. is pleased to announce that its Board of Directors has appointed Mr. James Hannon and Mr. Albert Gourley as Directors of the Company effective immediately. Al Gourley is the London Managing Partner of Fasken Martineau, an international law firm, where his practice focuses on finance and asset transactions in the natural resource industry. Mr. Gourley has served as a director of several TSX, TSX-V [...]
Pelangio Exploration Inc. is pleased to provide an update of activities on its Manfo gold project located in Ghana, West Africa. HIGHLIGHTS Completed considerable data recompilation, reinterpretation and target generation for the 96 square kilometer Manfo project which hosts three deposits that constitute the current maiden resource estimate; Designed programs of soil sampling and RAB drilling for the Manfo project [...]
Pelangio Exploration Inc. is pleased to announce the commencement of phase 2 drilling on the Dalton Property consisting of 800 meters of diamond drilling to test two significant targets. The Dalton Property is located approximately 1.5 km southwest of Newmont's Hollinger open pit operation. The Hollinger Mine is the largest gold mine in the Timmins Camp with historical production in excess of 19.3 million oz of gold [...]
Pelangio Exploration Inc. is pleased to announce that Pancontinental Resources Corp. has agreed to fully exercise the option to earn a 100% interest in the Montcalm and Nova Properties. Pelangio will receive 650,000 common shares of Pancon and retain a 1.25% NSR on the properties. The Montcalm and Nova Properties are proximal to each other and located approximately 65-70 kilometers northwest of the City of Timmins [...]
Pelangio Exploration Inc. is pleased to provide an update of recent progress made on its Canadian Projects and the acquisition of the Birch Lake West Project. HIGHLIGHTS Acquired strategic land package of 1040 hectares west of the Birch Lake Property and north of First Mining Gold's Springpole Deposit. Note, mineralization on adjacent and or nearby properties is not necessarily indicative of mineralization on the [...]
Pelangio Exploration Inc. is pleased to announce that it has closed the final tranche of the non-brokered private placement previously announced on May 7, 2020 and May 11, 2020 and May 19, 2020. In this final tranche, the Company raised aggregate gross proceeds of $715,900 by issuing 4,420,000 hard dollar units at a price of $0.12 per HD Unit and 1,325,000 common shares of the Company issued on a flow-through basis at a [...]
Pelangio Exploration Inc. is pleased to announce that it has closed the first tranche of the non-brokered private placement previously announced on May 7, 2020 and May 11, 2020. In this first tranche, the Company raised aggregate gross proceeds of $734,000 by issuing 5,000,000 hard dollar units at a price of $0.12 per HD Unit and 957,142 common shares of the Company issued on a flow-through basis at a price of $0.14 per [...]
Pelangio Exploration is pleased to announce that due to additional demand, the Company has increased the size of its previously announced non-brokered proviate placement of hard dollar units and flow-through shares from aggregate gross proceeds of up to $840,000 to aggregate gross proceeds of up to $1,350,000. The Offering consists of the sale of HD Units, each such HD Unit comprised of one common share and one common [...]
Pelangio Exploration announces a non-brokered private placement for aggregate gross proceeds of up to $840,000. The Offering will consist of the sale of hard dollar units of the Company at a price of $0.12 per HD Unit and common shares of the Company issued on a flow-through basis at a price of $0.14 per FT Share. Each HD Unit consists of one common share of the Company and one Common Share purchase warrant. Each Warrant [...]
Pelangio Exploration announces that the Board of Directors has approved the grant of 500,000 incentive stock options to directors, officers and consultants of the Company. The options are exercisable into common shares of the Company at a price of $0.14 per share. Subject to the rules of the TSX Venture Exchange and the Company's Stock Option Plan, the options have a term of five years and will expire on May 4, 2025. For [...]
Pelangio Exploration Inc. has received assay results from the final three holes of its eight-hole program completed on its Grenfell Property, located near Kirkland Lake's Macassa Mine, Ontario. "Ingrid Hibbard, President and CEO of Pelangio commented; although only sporadic gold intercepts were noted in the final three drill holes of the Grenfell program we are pleased with our initial results which returned 314 g/t Au [...]
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