- Located Near Major Producers: the Obuasi project is contiguous to AngloGold’s world class Obuasi gold mine, which has produced over 33M oz of gold since 1897. Dome West is located 800m from the historical Dome Mine, one of the largest gold producers in Canada.
- Potential Resource Expansion at Manfo: with a resource of nearly 500koz at 1.2g/t, PX will continue to evaluate and expand this resource through its soil sampling completed in July and a planned 7,000m RAB drill program.
- Drilling Ontario Properties: Phase 2 drilling at Grenfell is underway, which is testing the potential to extend the strike and intersection of a potential mineralized chute. The Phase 1 program returned 314 g/t gold over 1.74 m (uncut) as well as 2.5 g/t gold over 26 m. PX has a 700m drill program on Dome West planned.
- Previous Exploration and Transactional Success: President and CEO, Ingrid Hibbard, negotiated the deal in which Pelangio acquired the Detour Mine, advanced it and then spun out the asset into Detour Gold Corporation, creating an 8600% return on initial investment for investors.
- Management Aligned: the CEO has been with Pelangio for 22 years and management and insiders own 25% of the Company.
- Potential Resource Expansion at Manfo: with a resource of nearly 500koz at 1.2g/t, PX will continue to evaluate and expand this resource through its soil sampling completed in July and a planned 7,000m RAB drill program.
- Drilling Ontario Properties: Phase 2 drilling at Grenfell is underway, which is testing the potential to extend the strike and intersection of a potential mineralized chute. The Phase 1 program returned 314 g/t gold over 1.74 m (uncut) as well as 2.5 g/t gold over 26 m. PX has a 700m drill program on Dome West planned.
- Previous Exploration and Transactional Success: President and CEO, Ingrid Hibbard, negotiated the deal in which Pelangio acquired the Detour Mine, advanced it and then spun out the asset into Detour Gold Corporation, creating an 8600% return on initial investment for investors.
- Management Aligned: the CEO has been with Pelangio for 22 years and management and insiders own 25% of the Company.
- Category
- Best Rock Songs
Commenting disabled.