PX is at .03 with a market cap of C$2.6M. Just the Obuasi property alone is worth at least $30M which is 10X the market cap. It is next door to Anglogold Ashanti Obuasi mine and they would snap it up at that price even with no further drilling. Plus they have other assets in Canada and Ghana. Ghana is a very mining friendly country because the government owns a...
1200 Meter Drill Program Underway At Pelangio's Dome West Project, 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 property boundary from the Paymaster at the 1000-foot (304.8...
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...
