Pelangio Exploration
Primary ticker: TSXV:PX, OTC: PGXPF
Stage of development: Exploration
Primary minerals: Gold and Base Metals
Project to promote: Dome West, Gowan, Obuasi & Manfo
Project location: Canada & Ghana
Website: www.pelangio.com
Pelangio acquires and explores prospective land packages located in world-class gold belts in Ghana, West Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100 km2 Manfo property, the site of eight near-surface gold discoveries, and the 284 km2 Obuasi property, located 4 km on strike and adjacent to AngloGold Ashanti’s prolific high-grade Obuasi Mine, as well as the newly optioned Dankran property located adjacent to its Obuasi property. In Canada, the Company is currently focused in Ontario at its Dome West property, situated some 800 meters from the Dome Mine in Timmins; at its Gowan polymetallic (Cu-Zn VMS & Ni-Cu) project, located 16 km east of the Kidd Creek Mine See www.pelangio.com for further detail on all Pelangio’s properties.
Cash: CAD 1M
Debt: CAD 300,000
Major shareholders:
HNW/Family Offices/Associates – 12.5%
Management Ownership -12.5 %
Financials
Management Profile
Ingrid Hibbard – President & CEO
What recent news would you like to highlight to investors attending?
–
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Kick off an extensive (10,000 meter) drill program over three of our projects which should run through the winter and spring and raise additional capital for further resource expansion and discovery drilling at Manfo which hosts a gold resource.
6 Months:
Evaluate the results from the drilling programs and continue exploring our camp sized projects.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Volatile stock markets, commodity price and exploration risks. Pelangio best mitigates these by having a very experienced technical and corporate team who highly capable and connected in the industry.
What do you think makes your company such a compelling investment?
Our highly prospective projects, often located in the shadow of an existing head frame, are strategically located in the most prolific gold belts in Canada and Ghana, where there is an extensive history of gold mining. We have an extensive drill program planned across three projects that have great potential for new discoveries.
What are the top 3 key investor takeaways?
Management with track record of success, compelling projects with significant discovery potential, and the share price presents an opportunistic entry point for potential shareholders.