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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

Post by Scoophammeron Jul 17, 2023 12:24pm
467 Views
Post# 35544302

Pelangio Obuasi Litigation New Release

Pelangio Obuasi Litigation New Release
For someone who claims this company is "grade A garbage" and an "exploration junk company", you sure are caught up in posting about it.
 
Why not move on before the consolidation you say is supposedly coming?
 
Funny how in all your deep analysis of Pelangio you havent mentioned last week's news release about the litigation on the Obuasi property finally being resolved. That's the property beside the giant Obuasi mine.
 
You know the Obuasi mine, right? The prolific gold mine next door to Pelangio"s property. The one ran by AngloGold-Ashanti. The one with 33 million ounces of gold produced.
 
Yeah, so Pelangio havent been able to work on their exploration property next to that gold mine for quite awhile because of a court injunction on some of the licenses. But now the injunction has been removed and they are actively planning an exploration program for it. Very exciting stuff.
 
I'm surprised you missed that news and havent posted about it.
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