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Pelangio Exploration Inc V.PX

Alternate Symbol(s):  PGXPF

Pelangio Exploration Inc. acquires and explores prospective land packages located in gold belts in Ghana, West Africa and Canada. In Ghana, the Company is focused on its two 100% owned camp-sized properties: the 100 square kilometers Manfo property, the site of eight near-surface gold discoveries, and the 284 square kilometers Obuasi property, located four kilometers (km) on strike and adjacent to AngloGold Ashanti's high-grade Obuasi Mine, as well as the Dankran property located adjacent to its Obuasi property. The Manfo project is located in the Sefwi-Bibiani greenstone belts of the Paleoproterozoic Birimian of southwest Ghana, about 15 km southeast of Newmont's Ahafo gold mine. The Dankran project covers an area of approximately 34.65 square kilometers contiguous to the northeastern corner of its Obuasi project. Its Canadian properties include Gowan Property, Grenfell Property, Kenogaming Property, Hailstone Property, Birch Lake Property, and Poirier Gold Property, and others.


TSXV:PX - Post by User

Bullboard Posts
Post by kensinon Nov 01, 2010 7:30pm
976 Views
Post# 17642248

Talked to them today

Talked to them todayDrill results due out mid-end December. They are channeling all of their efforts into the two Ghana properties and are expecting big things. Warrants will be called soon and that should put another 7mil in their pockets for a total of $11 mil which would pay for their 5000m drill program and keep them in the black for a year. If they hit big they can do a financing at $2.00 for 40mil and start designing a mine. It all takes time and a lot of work but it looks they are up for it and believe they have the goods. JMO
Bullboard Posts