Business
Pelangio Completes VTEM Plus Airborne Survey on Its Gowan Polymetallic Project
TORONTO, ON / ACCESSWIRE / April 7, 2021 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Pelangio Completes VTEM Plus Airborne Survey on Its Gowan Polymetallic ProjectTORONTO, ON / ACCESSWIRE / April 7, 2021 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) (\"Pelangio\" or the \"Company\") is pleased to announce it has completed a VTEM Plus electromagnetic survey over its Gowan polymetallic project located 27 kilometers (\"km\") northeast of Timmins.Highlights of the Gowan Project:Prospective for copper-zinc VMS deposits with associated precious metals;Prospective for nickel-copper sulphide deposits within the ultramafic complex in southern portion of project;Significant anomaly flanked by a strong magnetic anomaly outlined by preliminary data from the VTEM Plus survey;The VTEM anomaly is proximal to a historical semi-massive sulphide zone which previously returned 0.32 % copper and 0.35 oz/ton silver over 36 feet. (See Figures 1, 2, & 3);Located 16 km east of Glencore's Kidd mine site.\"We are excited by the strong, broad VTEM response outlined in the preliminary data received from the VTEM Plus airborne survey,\" stated Ingrid Hibbard, President and CEO. \"We are looking forward to receipt of additional analysis and interpretation of the data in order to plan a diamond drilling program. Drill permits have been submitted.\"Gowan Property (See Figures 1, 2, and 3)The Gowan polymetallic project is a 4.3 km2 property located in Gowan Township, 27 km northeast of the City of Timmins, Ontario and approximately 16 km due east of Glencore's Kidd Mine Site (see Figure 1). The property is prospective for both copper-zinc VMS deposits with associated precious metals, and nickel-copper sulphide deposits.The northeastern portion of the Gowan property is underlain by a prospective felsic volcanic package of rocks associated with feldspar porphyritic intrusives. Limited exploration efforts in the early to mid 1970's focused on evaluating the northern portion of the property for a Kidd-style copper-zinc volcanogenic massive sulphide (\"VMS\") deposit. These early exploration programs were successful in demonstrating the potential for this type of mineralization. The highlight of these early exploration efforts was a broad semi-massive sulphide intercept grading 0.32% Cu and 0.35 oz/ton Ag over 36 feet. A shorter interval within this broad section returned 0.66% Cu and 0.31 oz/ton Ag over 12.5 feet including an interval o...