An update from Pelangio Exploration ( (TSE:PX) ) is now available.
Pelangio Exploration Inc. has announced a strategic agreement with FJ Minerals Limited to acquire up to an 83% interest in the Nkosuo Project, which is adjacent to its Manfo Project in Ghana’s Sefwi Belt. This collaboration is expected to enhance the exploration and development of both projects, leveraging FJ’s mining expertise in Ghana. The Nkosuo Project, which has a 30-year mining lease, shows promising exploration results, indicating potential continuity of gold-bearing structures from the Manfo Project, thus potentially increasing Pelangio’s resource base and strengthening its position in the gold mining sector.
More about Pelangio Exploration
Pelangio Exploration Inc. is a company operating in the mining industry, focusing on the exploration and development of gold projects. It is primarily engaged in collaborative exploration efforts to expand its presence in world-class gold belts, particularly in the Ashanti Region of Ghana.
YTD Price Performance: 21.21%
Average Trading Volume: 47,355
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$6.91M
See more insights into PX stock on TipRanks’ Stock Analysis page.