Pelangio Exploration (TSX:V - PX) is a junior gold exploration company that successfully acquires and explores camp-sized land packages in world-class gold belts. The Company operates in both Ontario, Canada and Ghana, West Africa, an English-speaking, common law jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa. The Company is exploring three 100%-owned camp-sized properties: the 25 sq km Birch Lake Property located adjacent to First Mining's Springpole Gold Project, the 100 sq km Manfo Property, the site of seven recent near-surface gold discoveries, and the 284 sq km Obuasi Property, located 4 km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi Mine. Pelangio's recent acquisition of the Dalton Project located in Timmins, rounds out its exciting portfolio of exploration projects. It's all about location!
The Company's most well-known success was the acquisition, exploration, re-envisioning, and subsequent sale of the Detour Lake deposit in Northern Ontario to Detour Gold Corporation. This property is now a long life, large-scale open pit mining operation with reserves of over 16 million ounces of gold.
As at Detour Lake, Pelangio consistently focuses on acquiring large land packages in existing gold camps. The Company is now seeking even greater success on its current projects: the Birch Lake project in Ontario; and the Obuasi, Manfo, Akroma and properties in Ghana, West Africa.