PELANGIO EXPLORATION!!!! JR MINER EXPLORER BUY OF THE YEAR!!!!PX is at .03 with a market cap of C$2.6M. Just the Obuasi property alone is worth at least $30M which is 10X the market cap. It is next door to Anglogold Ashanti Obuasi mine and they would snap it up at that price even with no further drilling. Plus they have other assets in Canada and Ghana. Ghana is a very mining friendly country because the government owns a percentage of mines, so they have a vested interest in the mining industry success.
PX trade ideas
PELANGIO EXPLORATION - H4 -Nov 20211200 Meter Drill Program Underway At Pelangio's Dome West Project, Timmins, Ontario
Highlights:
Deep exploration test of previously unexplored Vipond stratigraphy which hosts a substantial portion of the gold mineralization at the Dome Mine and Paymaster Mine; Vipond stratigraphy crosses the Dome West property boundary from the Paymaster at the 1000-foot (304.8 meter ("m") level)
Historical data from underground drill intercepts grading 21.6 g/t gold over 1.82m and 59.6 g/t gold over 1.98 m from the adjoining Paymaster Mine hosted within a feldspar porphyritic intrusive and a felsic fragmental volcanic respectively to the east boundary of the Dome West property.
Information to date suggests the gold bearing feldspar porphyry intrusive and felsic fragmental dip and strike respectively on to Pelangio's property.
Pelangio Exploration - H4Pelangio acquires and explores prospective land packages located in world-class gold belts in Ghana, West Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100 km2 Manfo property, the site of eight near-surface gold discoveries, and the 284 km2 Obuasi property, located 4 km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi Mine, as well as the newly optioned Dankran property located adjacent to its Obuasi property. In Canada, the Company is currently focused in Ontario at its Dome West property, situated some 800 meters from the Dome Mine in Timmins; at its Gowan polymetallic project, located 16 km east of the Kidd Creek Mine, and is exploring its Hailstone property in Saskatchewan.