Pelangio Completes Re-Evaluation of Grenfell Property in Preparation for 2019/2020 Winter Drill Program

About this update from Pelangio Exploration Inc.

[{"type":"text","content":"Pelangio Completes Re-Evaluation of Grenfell Property in Preparation for 2019/2020 Winter Drill ProgramTORONTO, ON / ACCESSWIRE / August 27, 2019 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) (“Pelangio” or the “Company”) is pleased to announce that it has completed a re-evaluation of the Grenfell property in order to plan for a winter diamond drill program. The property is comprised of 38 mining cells and 8 leased claims covering an area of approximately 6.7 square kilometers (“km”) and is located 10 km northwest of the Town of Kirkland Lake Ontario (see Map 1, Grenfell Project General Geology).Ingrid Hibbard, President and CEO of Pelangio, commented, “In light of the recent rise in the gold price, we are very pleased to have this historic gold property included in our property portfolio. Considerable exploration expenditures have been made on this property over many years by Kirkland Consolidated Gold Mines, John Sirola, Sedex Resources, and SGX Resources. These efforts have given us a better understanding of the property geology demonstrating that it has excellent potential for both narrow vein high grade and bulk tonnage gold deposits.”Grenfell Property Historic Data SummaryGold mineralization was first discovered on the property in the early 1920's. From the early 1930's to about 1941, a series of major exploration campaigns were conducted; this work included 265 feet of shaft sinking, over 2000 feet of underground development on two levels, and a bulk sampling program to evaluate two of the vein systems. Exploration efforts ceased on the property during World War II. In 1985, a geological report was completed on the property by John Londry, P.Eng. (J. Londry, P.Eng., “Report on the John Sirola Property, Grenfell Township, 1985”), which documented the following points of interest on the various veins:The property hosts five distinct gold bearing zones. These zones in order of importance are the No.1 Vein, Sirola Vein, No. 6 Vein, Shea Vein and Shaft Vein.Significant work was conducted on the No.1 Vein and Sirola Vein. The Sirola Vein is interpreted to be a possible splay vein from the No.1 Vein. Two separate bulk samples from the Sirola Vein (surface pit) and No.1 Vein (60-foot level) returned 21.7 tons at 0.456 oz/ton gold and 177 tons at 0.70 oz...

More updates from Pelangio Exploration Inc.