| Risk and valuation analysis of the Obuasi Project |
| Status Risk : Brown exploration |
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| Title(s) of the Obuasi Project |
 | Pelangio Exploration Inc.
Owner: 90% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Pelangio’s rights to the four prospecting concessions have been acquired through a
Letter Agreement dated September 23, 2005 and further amended on November 18,
2005. Under the terms of the Letter Agreement reviewed by SRK, Pelangio may earn a
nin more... |
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| Location of the Obuasi Project |
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The Obuasi Gold Project comprises three contiguous Prospecting Licences (Kyereboso No.2 and No.3 and Meduma) covering an aggregate area of approximately 290 square kilometres (centroid located at one degree thirty-two minutes longitude west and six d more...
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| History of the Obuasi Project |
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Prior to Pelangio’s involvement in the properties, the exploration history of the concessions is not well documented and apparently records are scarce at the Minerals Commission and the Ghana Geological Survey. Randgold Resources Limited (“Randgold”) more...
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| Geology of the Obuasi Project |
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The concessions are located in southwest Ghana, within the Ashanti Volcanic Belt and in proximity to world-class Obuasi and Akyem gold deposits. This area represents one
of the most significant Proterozoic gold belts in the world. The geology of sou more...
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