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    PX   CA7056465031

PELANGIO EXPLORATION INC.

(PX)
Delayed Quote. Delayed Bourse de Toronto - 09/17 09:30:00 am
0.12 CAD   --.--%
08/27PELANGIO : Q2 Earnings Snapshot
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08/25PELANGIO EXPLORATION : Grants Stock Options
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Pelangio Reports Results from Maiden RC Drill Program at Dankran Project, Ghana

07/21/2021 | 03:55pm EDT

Pelangio Exploration Inc. announced the completion of a maiden reverse circulation (“RC”) exploration drilling program on its Dankran project in Ghana, with a number of significant drill intercepts returned. The program was designed as an initial test of several gold (“Au”)-in-soil anomalies identified on the Dankran project plus test for the strike extension of the Obuom Mine structure immediately to the northeast of Dankran. The drilling program confirmed the Obuom Mine trend as the most promising target at Dankran, intercepting multiple generally narrow zones of mineralization with indications of higher-grade potential in one hole and width potential in another hole. Highlights of the Dankran RC Drilling Program: 2,491 meters of RC drilling in 36 holes completed on 6 drill fences, Ten holes returned significant results (at a cut-off of 0.40 g/t Au) with grades up to 6.07 g/t Au over 2.0 meters and mineralized widths up 0.47 g/t Au over 10.0 meters, along a strike length of 2.5 kilometers, Several significant Au-in-soil anomalies remain to be tested, however future work will principally focus on the extension of the Obuom Mine trend where this program returned significant intercepts.


ę S&P Capital IQ 2021
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Financials
Sales 2020 - - -
Net income 2020 -1,81 M -1,41 M -1,41 M
Net cash 2020 2,43 M 1,89 M 1,89 M
P/E ratio 2020 -3,75x
Yield 2020 -
Capitalization 9,01 M 7,07 M 7,01 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 5
Free-Float 93,9%
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Managers and Directors
Ingrid Jo-Ann Hibbard President, CEO & Non-Independent Director
Paul Rokeby Chief Financial Officer & Treasurer
David Vaughn Mosher Independent Director
Jean-Claude R. St. Amour Independent Director
Kevin Peter Thomson Director & SVP-Exploration
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