Newsfile Corp
02 Jun 2026, 00:29 UTC · 2h ago
Pelangio Exploration Reports Interim Drill Results from the Manfo Project, Ghana; Drilling to Transition to Dankran with Further Drilling Planned at Manfo
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Newsfile Corp
02 Jun 2026, 00:29 UTC · 2h ago
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Story key points
4 claims · impact-rated
Initial infill drilling at the Pokukrom East deposit indicates potential for incremental resource growth. — Positive indicators for resource expansion typically drive upward valuation for junior exploration companies.
+0.40Pelangio is transitioning drilling operations to the Dankran property following the current phase at Manfo to target previously identified high-grade mineralization. — Targeting high-grade zones increases the probability of a discovery that could materially re-rate the stock.
+0.30Recent drilling at Pokukrom West returned weak assays (0.46 g/t Au), leading the company to redirect exploration efforts away from those targets. — Negative drilling results at a specific deposit reduce the immediate perceived value of that specific asset.
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The company is implementing Controlled Source Electromagnetic (CSEM) surveys at Manfo and Obuasi to improve future drill targeting. — Improved targeting reduces exploration risk and capital waste, though it does not provide immediate value.
+0.10Ticker attribution
Model heads
The company is making progress on its drilling program with some positive indications for resource growth and planned surveys to improve targeting.
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