Pelangio Exploration Inc V.PX

Alternate Symbol(s): PGXPF

Metals & Mining Gold

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

Pelangio Exploration Inc

Bullboard Posts

Comment by truthbetoldon Dec 10, 2012 9:53am

226 Views

Post# 20706987

RE: RE: RE: The future of small cap explorers

She said there was no money in North America for financings, so she's seeing what she can find over there.

DGC just raised 100 million in North America. There is money but the company needs to have something tangible before others will give them the $. All ingrid can offer right now are hopes and dreams. The market is not paying money for that these days.

1 to 2 million ounce deposits that cost over a billion to bring to production over a 7 year time frame aren't attractive now. Let's hope 2013 is a better year.

GLTA

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