Projects Overview

Pelangio controls a number of early-stage properties in Ontario in areas with active and historic mining activities. The current focus for Pelangio is on two of its Canadian Properties: the recently acquired Dome West and Dalton properties, both located in Timmins, Ontario. Another of Pelangio's strategic projects is the Birch Lake property located in the Red Lake Mining District which is a combination of Pelangio's Birch Lake property and the recently acquired Keigat Lake claims. Pelangio also has the Poirier Gold and Hemlo property, both of which are located in Ontario, Canada. 

Pelangio also controls three projects in Ghana, West Africa in areas of historic mining activities. Ghana has a rich and colourful mining history spanning over a century and is one of the most prolific gold producing counties in Africa, having mined approximately 60 million ounces of gold. Pelangio’s Obuasi project is located contiguous with AngloGold Ashanti's world-class Obuasi gold mine within the prolific 300-kilometre-long Ashanti Gold Belt in southwest Ghana. The Obuasi mine has produced over 33 million ounces of gold since 1897.

QP Statement

Warren Bates, Senior Vice President Exploration of Pelangio, and Kevin Filo Vice President Corporate Development of Pelangio, both Qualified Persons under NI 43 -101, have reviewed and approved the technical content of this website. Warren Bates focuses on the African projects and Kevin Filo focuses on the Canadian projects.

Forward Looking Statements

Conditions of Use and Cautionary Notes to Investors

The following are important notices for all investors regarding the information contained on this website. Please read these Conditions of Use and Cautionary Notes carefully and thoroughly. The information contained on this website is provided by Pelangio Exploration Inc. (“Pelangio” or the “Company”) as a service to its shareholders and the investing public, and may be used for informational purposes only. By viewing, printing or downloading any information from this website, the viewer agrees to the conditions of use. If you do not agree with these conditions, then you should not use or view this website or print or download any information from it.

 

Cautionary Note Regarding Forward-Looking Statements

Certain statements made on this website, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to:

  • the exploration and development of the Company’s properties in Ghana (the “Ghana Properties”) and Canada (the “Canadian Properties”);
  • the Company’s future business and strategies;
  • requirements for additional capital and future financing;
  • future price of gold; and
  • estimated future working capital, funds available, and uses of funds, and future capital expenditures, exploration expenditures and other expense for specific operations.

Often, but not always, forward-looking statements or information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate” or “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, the price of gold. Although the Company’s management believes that the assumptions made and the expectations represented by such statement or information are reasonable, there can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks, uncertainties and other factors include, among other things, the following:

  • the Company’s ability to advance the Ghana Properties and the Canadian Properties;
  • gold price volatility;
  • speculative nature of gold exploration;
  • inherent uncertainties in estimating mineral resources;
  • regulatory restrictions; and
  • defective title to mineral claims or property,
  • as well as those factors discussed under “Risk Factors” in the Company’s Management’s Discussion & Analysis for the current fiscal year.

Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. Also, many of the factors are beyond the control of Pelangio. Forward-looking statements and forward-looking information are based upon management’s beliefs, estimates and opinions at the time they are made. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to reissue or update any forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information herein are qualified by this cautionary statement.

 

All of the Company’s public disclosure filings may be accessed via SEDAR at http://www.sedar.com/ and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

 

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

 

This website uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category or that Mineral Resources will ever be upgraded to Mineral Reserves. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies.

 

United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable or that an Indicated or Measured Mineral Resource is economically or legally mineable.

 

Cautionary Note to US Investors regarding Adjacent or Similar Properties

 

This website may also contain information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company’s properties.


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