Northwire Canada EditionSunday, July 12, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
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 →

More from Pelangio Exploration Inc.

Jun 01, 2026 · 20:30

Pelangio Exploration Inc. - Advancing Ghana Gold Projects

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 Dec 24, 2025 · 03:59

Pelangio’s Low-Cost Warrant Exercises Fuel Exploration Coffers at the Cost of Significant Shareholder Dilution

Financings Dec 23, 2025 · 17:32

Pelangio Exploration Announces Receipt of $1,395,933 in Proceeds from Warrant Exercise

Financings