Pelangio Exploration Inc. is pleased to announce a non-brokered private placement for gross proceeds of up to $625,000 . The Offering will consist of the sale of units of the Company at a price of $0.10 per Unit. Each Unit consists of one common share of the Company and one quarter of one Common Share purchase warrant . Each whole share purchase Warrant entitles the holder to purchase one Common Share at a price of $0.15 [...]
Pelangio Exploration Inc. is pleased to provide initial assay results from diamond drilling at the Pokukrom West deposit on its 100%-owned, Manfo project in Ghana. Highlights of Diamond Drilling at Pokukrom West, Manfo Project Two diamond drill holes totaling 383.2 meters completed at Pokukrom West to better understand structural controls to mineralization and to test for an extension of the mineralization down-plunge [...]
Pelangio Exploration Inc. is pleased to announce that a 1200 meter diamond drill program is well underway at its Dome West Project located 800 meters west of Newmont's Dome Mine in Timmins, Ontario. Highlights: Deep exploration test of previously unexplored Vipond stratigraphy which hosts a substantial portion of the gold mineralization at the Dome Mine and Paymaster Mine; Vipond stratigraphy crosses the Dome West [...]
Pelangio Exploration Inc. is pleased to announce that it has completed a follow-up ground induced polarization survey across a large 1.5 by 1 km VTEM anomaly on its Gowan Project. The Gowan Project is located approximately 16 km east of Glencore's Kidd Creek Mine and approximately 23 km southeast of the Canada Nickel Company's Crawford deposit in Timmins Ontario. Highlights: The IP survey defined two high-priority base [...]
Pelangio Exploration Inc. is pleased to provide an update on recent exploration activities on its projects in Ghana and Canada. Highlights of Recent Exploration Activities A diamond drilling program to test for extensions to the Pokukrom gold resource mineralization has commenced on the Manfo project in Ghana. One-meter re-assays of significant mineralized intervals from the maiden Dankran project RC drilling program [...]
Pelangio Exploration Inc. is pleased to announce that it has entered into an earn-in agreement with First Mining Gold Corp. and Gold Canyon Resources Inc. , a wholly-owned subsidiary of First Mining, on Pelangio's Birch Lake and Birch Lake West properties which is adjacent to First Mining's Springpole Gold Project , located approximately 120 km northeast of Red Lake, Ontario. Highlights: Collaboration with First Mining, a [...]
Pelangio Exploration Inc. today announced that the Board of Directors has approved the grant of 2,050,000 incentive stock options to certain directors, officers, employees and consultants of the Company. The stock options are exercisable into common shares of the Company at a price of $0.115 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 [...]
Pelangio Exploration Inc. is pleased to announce the completion of a maiden reverse circulation exploration drilling program on its Dankran project in Ghana, with a number of significant drill intercepts returned. The program was designed as an initial test of several gold -in-soil anomalies identified on the Dankran project plus test for the strike extension of the Obuom Mine structure immediately to the northeast of [...]
Pelangio Exploration Inc. is pleased to announce that all matters proposed by management were approved at Pelangio's annual and special meeting held Wednesday, June 30, 2021 . At the Meeting, shareholders of Pelangio elected Ingrid Hibbard, JC St. Amour, David Mosher, Kevin Thomson, Joyce Aryee, and Al Gourley to the board of directors. The shareholders also approved the reappointment of its auditor. Further, 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 21, 2021 and June 10, 2021 . In this final tranche, the Company raised gross proceeds of $275,000 by issuing 1,718,750 flow-through units of the Company at a price of $0.16 per FT Unit. Proceeds of the Offering will be used for exploration and drill programs at [...]
Pelangio Exploration Inc. is pleased to announce it has received the final data on the VTEM Plus electromagnetic survey over its Gowan polymetallic project located 27 kilometers northeast of Timmins and 16 km east of Glencore's Kidd Mine. The final data confirmed a broad 1.5 km by 1 km electromagnetic response located on the flank of a strong magnetic response, proximal to known copper, zinc, silver volcanogenic massive [...]
Pelangio Exploration Inc. is pleased to announce that it has closed a first tranche of the non-brokered private placement previously announced on May 21, 2021 . In this first tranche, the Company raised aggregate gross proceeds of $475,000 by issuing 2,968,750 flow-through units of the Company at a price of $0.16 per FT Unit. Proceeds of the Offering will be used for exploration and drill programs at Pelangio's Dome West [...]
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