# Pelangio Begins Drill Program at Manfo and Provides Corporate Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/pelangio-begins-drill-program-at-manfo-and-provides-corporate-update--67a34616-abfa-4127-b5bb-7a55cf4398c5 Original source: https://money.tmx.com/en/quote/PX/news/8715786235174109/pelangio-begins-drill-program-at-manfo-and-provides-corporate-update Publisher: tmx Original announcement: 2026-01-20T00:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Pelangio Exploration Inc. - Ticker: PX - Exchange: TSX - Region: Ghana - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Resource update, Agreement transaction - Extracted: 2026-09-14 18:56:44 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Pelangio has commenced a 6,850-meter drill program at the Manfo Project in Ghana, consisting of resource extensional diamond drilling and exploration RC drilling. The company also announced the termination of two option agreements, resulting in the retention of a 27% interest in the Manfo mineral resource. Reasoning: The company is launching a significant drill program and has consolidated its ownership of the Manfo resource, despite losing an adjacent exploration property. - Positive factor: Commencement of 6,850m drill program - Positive factor: Securing 27% interest in Manfo resource following option terminations - Positive factor: Expansion of drilling to include Bomfaa anomaly and Nfante East - Negative factor: Termination of FJ Option and Nathawo Option - Negative factor: Loss of interest in adjacent Nkosuo exploration property Facts used in scoring: 4 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides current Manfo MRE figures as context for the drill program and corporate changes. Evidence · text > The current Manfo Resource Estimate \("MRE"\) is defined by ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### Pelangio, 2011 [Link to this fact](https://atlas-extractions.minestarters.com/news/pelangio-begins-drill-program-at-manfo-and-provides-corporate-update--67a34616-abfa-4127-b5bb-7a55cf4398c5#fact-drill-facts-0) Manfo · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: Pelangio, 2011 - Project: Manfo - Commodity: gold - Region: ghana - Reported Region: ghana - Ticker: PX #### Geometry - Grade: 2.99 - Grade Unit: g/t - Intercept: 6 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2011-01-01T00:00:00.000Z #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: Historical drill result mentioned as a target for upcoming RC drilling. - Positive factor: Historical intercept of 2.99 g/t Au Evidence · text > previous drilling returned 6 meters @ 2.99 g/t Au \(Pelangio, 2011\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100 km 2 Manfo property, the site of ei" ### Pelangio, 2010 [Link to this fact](https://atlas-extractions.minestarters.com/news/pelangio-begins-drill-program-at-manfo-and-provides-corporate-update--67a34616-abfa-4127-b5bb-7a55cf4398c5#fact-drill-facts-1) Manfo · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: Pelangio, 2010 - Project: Manfo - Commodity: gold - Region: ghana - Reported Region: ghana - Ticker: PX #### Geometry - Grade: 1.22 - Grade Unit: g/t - Intercept: 17 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2010-01-01T00:00:00.000Z #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: Historical drill result mentioned as a target for upcoming RC drilling. - Positive factor: Historical intercept of 1.22 g/t Au Evidence · text > 17 meters @ 1.22 g/t Au \(Pelangio, 2010\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100 km 2 Manfo property, the site of ei" ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/pelangio-begins-drill-program-at-manfo-and-provides-corporate-update--67a34616-abfa-4127-b5bb-7a55cf4398c5#fact-resource-facts-2) Manfo · gold #### Identity - Project: Manfo - Commodity: gold - Region: ghana - Reported Region: Ghana - Ticker: PX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:70d6b898d71ceb1d65f7 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 11787000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 441000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: Current Indicated resource component of the Manfo MRE. - Positive factor: Significant indicated resource Evidence · text > total Indicated Mineral Resource of 441,000 ounces of gold at an average grade of 1.16 g/t Au and totalling 11,787,000 tonnes #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/pelangio-begins-drill-program-at-manfo-and-provides-corporate-update--67a34616-abfa-4127-b5bb-7a55cf4398c5#fact-resource-facts-3) Manfo · gold #### Identity - Project: Manfo - Commodity: gold - Region: ghana - Reported Region: Ghana - Ticker: PX #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:2b981fd8489049ddc2d8 - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 16048000 - Grade: 0.77 - Grade Unit: g/t - Contained Metal: 396000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: Current Inferred resource component of the Manfo MRE. - Positive factor: Substantial inferred resource Evidence · text > total Inferred Mineral Resource of 396,000 ounces of gold at an average grade of 0.77 g/t Au totalling 16,048,000 tonnes #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.