Pelangio Exploration Delays MRE Release Following Strategic Acquisition

The latest announcement is out from Pelangio Exploration ( (TSE:PX) ).

Pelangio Exploration Inc. has announced a delay in the release of the Mineral Resource Estimate (MRE) for its Manfo Project due to a strategic agreement to acquire an interest in the adjacent Nkosuo Project. This acquisition is expected to enhance the company’s resource modeling by integrating historical data from both projects, allowing for a more comprehensive assessment of mineralization potential. The updated MRE, now anticipated in the third quarter of 2025, aims to provide a robust foundation for future development and align with a broader exploration timeline for the combined Manfo-Nkosuo project.

More about Pelangio Exploration

Pelangio Exploration Inc. is a company that acquires and explores prospective land packages located in world-class gold belts in Ghana, West Africa, and Canada. The company focuses on its two 100% owned camp-sized properties in Ghana: the Manfo property, known for eight near-surface gold discoveries, and the Obuasi property, located near AngloGold Ashanti’s high-grade Obuasi Mine.

YTD Price Performance: 133.33%

Average Trading Volume: 123,587

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$12.09M

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