Northwire Canada EditionFriday, August 28, 2026
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GOLD 4664.00 +0.2% SILVER 69.43 +0.9% COPPER 6.59 −1.6% OIL 83.53 +1.6% PALLADIUM 1358.50 +1.3% PTU 0.367 +0.7% TAU 3.68 +1.1% MOG 0.550 +0.0% NTH 0.165 +3.1% GWM 0.760 +13.4% IMM 0.060 +0.0% MUX 30.02 +3.0% UTWO 0.385 +1.3% AGI 52.56 +0.8% SGN 0.350 −2.8% VRR 0.470 +17.5% AUXX 11.00 +2.7% BTR 0.130 −1.9% CCMI 0.035 +0.0% LME 0.135 +3.9% TLG 2.37 +2.6% GOLD 4664.00 +0.2% SILVER 69.43 +0.9% COPPER 6.59 −1.6% OIL 83.53 +1.6% PALLADIUM 1358.50 +1.3% PTU 0.367 +0.7% TAU 3.68 +1.1% MOG 0.550 +0.0% NTH 0.165 +3.1% GWM 0.760 +13.4% IMM 0.060 +0.0% MUX 30.02 +3.0% UTWO 0.385 +1.3% AGI 52.56 +0.8% SGN 0.350 −2.8% VRR 0.470 +17.5% AUXX 11.00 +2.7% BTR 0.130 −1.9% CCMI 0.035 +0.0% LME 0.135 +3.9% TLG 2.37 +2.6%
Drill Results Routine +

Pelangio Exploration Extends High-Grade Gold Shoot 150-meters North at Manfo, Ghana: 26-meters of 2.99 g/t Au Including 6-meters of 11.74 g/t Au

Pelangio’s Manfo Extension drill results highlight high-grade gold intersections, though the company faces liquidity pressures as cash burn exceeds capital raises.

By The Northwire Desk — AI Analysis Jun 15, 2026 · 17:31 PX · 0.13 Pelangio Exploration Inc.
Executive Summary
  • The most recent release (June 15, 2026) reports drill hole SPDD26-008 at the 100%-owned Manfo Project's Pokukrom East deposit, extending the high-grade gold shoot 150 meters north.
  • The intercept returned 26 meters of 2.99 g/t Au (un-cut), including 6 meters of 11.74 g/t Au and 2 meters of 27.95 g/t Au.
  • Management states the mineralization remains open and could significantly expand the existing resource, with true thickness estimated at 83% of core length.
  • The Manfo resource extensional drilling program is 77% complete, with completion expected in July.
  • Future plans include step-out and infill drilling to quantify northern, southern, and down-dip extensions, followed by a transition to the Dankran property.
Material Impact
  • The results are a positive confirmation of the resource growth narrative established in the September 2025 Mineral Resource Estimate (MRE), which reported 441,000 oz Indicated and 396,000 oz Inferred.
  • Extending the high-grade shoot 150 meters north is geologically meaningful and supports the company's staged $7.6M exploration program.
  • However, the news is incremental and expected as part of the ongoing 2,900m diamond drilling campaign. It does not represent a sudden, unexpected market-moving event, but rather validates the geological model and confirms down-plunge continuity.
  • The intercept sits above the bottom of a conceptual pit optimized at a $2,600/oz gold price, reinforcing near-term mining potential.
  • The news aligns with management's guidance to transition drilling to Dankran after Manfo completion, followed by CSEM surveys.
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), located in Ghana. It hosts four deposits (Pokukrom East, Pokukrom West, Nkansu, Nfante West) with a combined Indicated resource of 441,000 oz Au @ 1.16 g/t and Inferred of 396,000 oz Au @ 0.77 g/t.
  • Other assets: Obuasi property (adjacent to AngloGold Ashanti's mine), Dankran property, and Canadian royalty holdings (Hailstone, Kenogaming).
  • Strategy: Project generator model, focusing on exploration, resource definition, and strategic partnerships to advance assets.
Read the original news release →

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