Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine −

Pelangio Exploration Reports Interim Drill Results from the Manfo Project, Ghana; Drilling to Transition to Dankran with Further Drilling Planned at Manfo

Pelangio Exploration Inc. - Advancing Ghana Gold Projects

By The Northwire Desk — AI Analysis Jun 01, 2026 · 20:30 PX · 0.17 Pelangio Exploration Inc.
Executive Summary
  • Pelangio Exploration reports interim assay results from its ongoing 2,900-metre diamond drilling program at the Manfo Project's Pokukrom East and West deposits.
  • The program is approximately 72% complete, with completion expected in July.
  • Pokukrom West results show weak mineralization (e.g., 12m @ 0.94 g/t Au), prompting a strategic redirect to higher-priority targets.
  • Pokukrom East results returned lower than expected grades (e.g., 15.87m @ 0.25 g/t Au, 9m @ 0.76 g/t Au), with sample pulps/rejects submitted for independent check assaying.
  • The company plans to transition drilling to the Dankran property upon completion, targeting a 700-800m program to follow up on maiden RC results (2m @ 6.07 g/t Au, 3m @ 14.17 g/t Au).
  • Controlled Source Electromagnetic (CSEM) surveys will be conducted at Obuasi and Manfo to target sulphide mineralization.
  • Further Manfo RC drilling and deep down-plunge holes are postponed to the November-December dry season.
Material Impact
  • The interim drill results are below management's initial expectations, with lower-than-anticipated grades and the initiation of independent check assaying.
  • The strategic pivot to Dankran and the postponement of Manfo RC drilling indicate a recalibration of near-term exploration priorities rather than a major discovery or setback.
  • Given the early stage of the drilling program (72% complete) and the routine nature of interim updates in exploration, the market impact is expected to be muted.
  • The news aligns with the previously announced $7.6M staged exploration program but introduces minor execution delays and grade disappointment, warranting a Routine - Negative classification.
PX · Price
Company Overview
  • Pelangio Exploration Inc. is a junior mining company focused on advancing gold exploration projects in Ghana and Canada.
  • Flagship Project: Manfo Gold Project (100% owned, 100 km² in Ghana).
  • Manfo hosts an NI 43-101 compliant resource of 441,000 oz Indicated (1.16 g/t Au) and 396,000 oz Inferred (0.77 g/t Au), updated in August 2025.
  • The company is executing a staged $7.6M exploration program to expand and upgrade the resource, test new targets (Bomfa, Nfante East, Dankran), and conduct geophysical surveys.
  • Other assets include the Obuasi property (adjacent to AngloGold Ashanti's mine), Dankran, and Canadian royalty holdings (Hailstone, Kenogaming).
Read the original news release →

More from Pelangio Exploration Inc.

Sep 18, 2026 · 07:01

Pelangio advances CSEM and drilling across the Manfo, Obuasi, and Dankran projects in its Ghana exploration program.

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Drill Results Feb 27, 2026 · 15:18

Pelangio orders CSEM survey for Obuasi, Manfo

Drill Results Feb 27, 2026 · 07:01

Pelangio deploys deep-penetrating geophysics to unlock 1km depth potential at Obuasi and Manfo as resource drilling continues.

Drill Results Jan 19, 2026 · 19:31

Pelangio Begins Drill Program at Manfo and Provides Corporate Update

Drill Results