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Pelangio Exploration Inc (2)
Symbol PX
Shares Issued 70,033,043
Close 2021-01-07 C$ 0.17
Recent Sedar Documents

Pelangio drills three m of 10.95 g/t Au at Grenfell

2021-01-08 08:05 ET - News Release

Ms. Ingrid Hibbard reports

PELANGIO REPORTS POSITIVE RESULTS - INTERCEPTS 10.95 G/T GOLD OVER THREE METRES AT GRENFELL GOLD PROJECT, KIRKLAND LAKE

Pelangio Exploration Inc. has received and reviewed all assay results from the phase 2 drill program completed in the fall of 2020 on its Grenfell gold project, located near Kirkland Lake, Ont. The drill program successfully intercepted gold in both higher-grade narrow vein intersections and a series of new gold-bearing intercepts. These results indicate continued success from the phase 1 drilling program completed in the spring of 2020 (see Pelangio press releases dated March 1, 2020, and March 9, 2020).

Highlights of phase 2 drill program

  • Hole JS2013 intersected a new vein (No. 1 HW vein) in the hangingwall of the No. 1 vein which returned 10.95 grams per tonne gold over three metres including a higher grade intercept of 23.4 g/t Au over one m.
  • Hole JS2013 targeted the No. 1/No. 6 vein intersection as mapped on the 76 m level historical workings:
    • The hole returned 11.4 g/t Au over 0.6 m approximately 10 m above the projected intersection.
    • The hole also returned 1.16 g/t Au over 7.5 m in the hangingwall of the No. 1 vein.
  • Hole JS2014 returned two new significant zones of mineralization approximately 50 m below the historical No. 1 vein sill drift workings (76 m level). These new mineralized zones assayed 1.45 g/t Au over nine m and 1.76 g/t over 4.5 m including some higher grade intercepts of 4.02 g/t Au over 1.1 m and 3.46 g/t Au over 1.5 m respectively.
  • Hole JS2011 targeted the up-dip projection of No. 1 vein and returned a mineralized intercept in the hangingwall of the No. 1 vein ,which assayed 1.26 g/t Au over 6.8 m including 4.91 g/t Au over 1.5m.

Ingrid Hibbard, president and chief executive officer of Pelangio, commented: "These results are extremely encouraging and continue to demonstrate excellent potential and captivate our attention at Grenfell. The recent results complement our initial work in the spring of 2020 which returned some impressive high-grade results of 314 g/t gold over 1.74 metres (uncut). Our team will be modelling the new exploration data to continue to refine our understanding of the mineralization and the geometry of the zones in anticipation of the next round of drilling."

Discussion of recent drill program

The Grenfell property comprises 38 mining cells and eight leased claims covering an area of approximately 6.7 square kilometres and is located 10 kilometres northwest of the town of Kirkland Lake, Ont.

The recent drill program consisted of five holes totalling 540 m. Two holes, JS2013 and JS2014, targeted the No. 6/No. 1 vein intersection proximal to the 250 foot (76 m) level historical workings and also further evaluated the depth extension of No. 6 and No. 1 veins. Two holes, JS2009 and JS2010, targeted the historical Shea vein and Central targets respectively, also just above the 76 m level workings. The Shea vein and Central target represented two northwest-trending target zones; these targets were drill tested due to their similar orientation to the No. 6 vein known to be associated with significant gold mineralization as demonstrated by Pelangio in early 2020. Hole JS2011 targeted the up-dip extension of the No. 1 vein above the 76 m level, as only extremely limited historical drilling had previously tested the up-dip extent of this No. 1 vein. Historical chip sampling of the No. 1 vein on the 76 m level sill drift returned 0.2 ounce per ton gold over a width of three feet over 180 feet of strike length (J. Londry, PEng, "Report on the John Sirola Property, Grenfell Township, 1985").

Results from this program were delayed significantly due to an inordinate backlog at assay labs in Timmins as a result of the numerous ongoing exploration programs in the area and certain COVID-19 safety protocols.

A more detailed explanation on the individual targets and drill holes is discussed as follows.

Holes JS2009 and JS2010

A single hole (JS2009) successfully intersected the Shea vein target and returned 1.51 g/t Au over 1.8 m. Historical data show this vein has a strike length of approximately 65 m; thus, limited drill testing has been completed on this system. Gold mineralization on the Shea vein is present in a quartz vein hosted within a gabbro unit with minor leucoxenes. A single hole (JS2010) was completed on the Central target. No significant results were obtained and an explanation for approximately 60 m of underground drifting on the 76 m level on the Central target remains unknown.

Hole JS2011

Hole JS2011 targeted the up-dip extension of the No. 1 vein; slightly anomalous gold was noted in the target area of the up-dip projection, however a broader zone of mineralization was noted in the hangingwall of the No. 1 vein which returned 1.26 g/t Au over 6.8 m including a higher grade intercept of 4.91 g/t Au over 1.5 m. The mineralized zone in JS2011 is hosted in a mafic volcanic unit with minor quartz stringers; the better value of 4.91 g/t Au over 1.5 m is adjacent to a fault zone.

Holes JS2013 and JS2014

Holes JS2013 and JS2014 demonstrated there is potential for new zones of mineralization and additional high-grade narrow vein mineralization. This is shown by the new higher grade intercept in JS2013 which returned 10.95 g/t Au over three m and the additional mineralized intercepts in hole JS2014 which returned 1.45 g/t Au over nine m and 1.76 g/t over 4.50 m. All of these zones described are located in the hangingwall of the No. 1 vein which has very few holes along its entire 54 m (180-foot) strike length. The higher grade intercept of 10.95 g/t Au over three m in hole JS2013 is associated with stringers of quartz within a gabbro unit with minor leucoxene alteration. The intercepts in JS2014 are hosted in a locally bleached gabbro unit with leucoxene alteration, and some pyrite mineralization generally less than 1 per cent.


SIGNIFICANT ASSAY INTERCEPTS

Hole NO.        From         To     Metres     Au g/t           Comments
JS2009         54.20      56.00       1.80       1.51           Shea vein target
includes       54.20      54.60       0.40       2.33
JS2010                                            NSV           No significant results
JS2011         41.20      48.00       6.80       1.26           Hangingwall (HW) of No. 1 vein
includes       46.50      48.00       1.50       4.91
JS2013         57.00      58.50       1.50       1.32
               65.60      66.20       0.60      11.40           Vein above No. 1/No. 6 vein intersection
               70.50      72.00       1.50       1.49
               77.00      78.05       1.05       1.20
               96.00     103.50       7.50       1.16           New mineralization in No. 1 vein HW
includes       96.00      97.50       1.50       3.61
              117.00     120.00       3.00      10.95           New narrow vein in No. 1 vein HW
includes      118.00     119.00       1.00      23.40
JS2014         96.00      98.00       2.00       2.31
includes       96.00      97.00       1.00       3.60
              126.00     135.00       9.00       1.45           New mineralization in No. 1 vein HW
includes      126.00     127.10       1.10       4.02
              145.50     150.00       4.50       1.76           Hole ended in mineralization
includes      147.00     148.50       1.50       3.46

Note: All intervals shown in the table are core lengths as the estimated true width of the zone cannot 
      be determined at this time.

Future plans for Grenfell

Work to date at Grenfell by Pelangio has demonstrated the potential for both narrow vein high-grade mineralization and a number of new zones of near-surface lower grade gold mineralization associated with the No. 6 and No. 1 vein systems. The geometry and relationship of these mineralized zones are not adequately understood at this time. The company intends to input all pertinent historical data and recently acquired drill data into a geological model to assist in a better understanding of the mineralized zones. Pelangio will also review and prioritize a number of significant geophysical anomalies with coincident geochemical anomalies which remain to be drill tested. The combination of these efforts will better define priority target areas for further drilling.

Quality assurance/quality control

All core logging and sampling were conducted in a secure core logging facility in Timmins, Ont. Core logging and sampling of NQ diamond drill core were carried out by J.K. Filo, PGeo. Core logging and sampling adhered to National Instrument 43-101 protocols and industry standard best practices. Each drill hole was sampled entirely, and sample lengths varied from 0.15 m to 1.6 m maximum. Drill core was sawn in half with a diamond saw, tagged and placed in securely sealed bags. Samples were transported to Actlabs facility in Timmins, Ont., by Pelangio personnel. Half of the core was retained for reference purposes.

For holes JS2010, JS2011, JS2013 and JS2014 gold analysis was completed using a standard fire assay with a 50-gram charge with and atomic absorption (AA) finish (Actlabs 1A2-50 procedure). Samples over 10 grams/ton were reassayed by fire assay with a gravimetric finish. Some multielement analysis was completed on hole JS2009; these samples were fire assayed with and ICP-OES finish using a 50-gram charge (Actlabs 1C-OES-50 procedure). With each batch of 28 samples, one blank and one Oreas gold standard were submitted for analysis for QA/QC purposes. QA/QC samples were within acceptable tolerance levels. Full details on Actlabs analysis procedures and associated sample preparation can be reviewed on its website.

Qualified person

Kevin Filo, PGeo (Ontario), is a qualified person within the meaning of National Instrument 43-101. Mr. Filo approved the technical data disclosed in this release.

About Pelangio Exploration Inc.

Pelangio acquires and explores world-class gold belt land packages Ghana, West Africa and Canada. In Ghana, the company is exploring its two 100-per-cent-owned camp-sized properties: the 100-square-kilometre Manfo property, the site of seven near-surface gold discoveries, and the 284 square km Obuasi property, located four km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi mine, as well as the newly optioned Dankran property located adjacent to its Obuasi property. In Canada, the company is currently focused in Ontario on its Grenfell property, located 10 km from Kirkland Lake, at its Dome West property, situated about 800 m from the Dome mine in Timmins, and is advancing its Hailstone property in Saskatchewan.

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