Pelangio controls three early-stage gold exploration concessions totaling 290 square kilometres on strike and adjacent to AngloGold Ashanti's world-class Obuasi gold mine, in Ghana, West Africa. The Obuasi mine has produced over 30 million ounces of gold since 1897 and currently hosts an 9.37 million ounce reserve grading 7.06 g/t gold in a measured and indicated resource of 19.63 million ounces grading 6.30 g/t and a further 12.21 million ounces grading 4.54 g/t of inferred resource.  Through prospecting, mapping, aerial surveying and drilling, Pelangio has confirmed to date that at least 15 kilometres of the structure that hosts gold mineralization at the Obuasi mine traverses Pelangio's concessions, with the potential for significantly further extensions to be recognized in the near future. Pelangio's aim is to focus on the extension of the mine trend closest to the Obuasi mine, with the goal of hitting near-surface Obuasi style gold mineralization.