Pelangio Exploration Announces Further Drill Results From the Obuasi Property

Base Metals Investing

Pelangio Exploration Inc. (TSX VENTURE:PX) reported assay results from a further 4,955 metres (20 holes) of its first phase diamond drill program on its property in Obuasi, Ghana.

Pelangio Exploration Inc. (TSX VENTURE:PX) reported assay results from a further 4,955 metres (20 holes) of its first phase diamond drill program on its property in Obuasi, Ghana.

The press release is quoted as saying:

Pelangio is a junior gold exploration company with over $7 million in working capital that is active in two of the top-ranked mining jurisdictions in the world, Canada and Ghana. The Company’s primary goal is to discover Obuasi mine-style gold ore shoots on its 290 km2 property located on strike and adjacent to AngloGold Ashanti’s Obuasi mine, which has produced 30 M oz of gold since 1897 and holds current reserves and resources of 37 M oz (9.7 M oz reserve in a global resource comprising: 24.5 M oz measured and indicated; 12.5 M oz inferred – as further described in AngloGold Ashanti’s Mineral Resource and Ore Reserve Report.

Click here to access the entire press release

Click here to access Pelangio Exploration Corporate Site

The Conversation (0)
MARKETS
COMMODITIES
CURRENCIES
×