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Pelangio Exploration Completes Phase 1 Drill Program At Gowan Project
TORONTO, ON / ACCESSWIRE / June 8, 2022 / Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF...
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[{"type":"text","content":"Pelangio Exploration Completes Phase 1 Drill Program At Gowan ProjectTORONTO, ON / ACCESSWIRE / June 8, 2022 / Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) (\"Pelangio\" or the \"Company\") completed 1,035 meters of drilling in six holes on its Gowan Project. The drill program tested several priority geophysical targets for nickel copper sulphides as well as copper zinc volcanogenic massive sulphide mineralization \"VMS\" targets. Drill targets in the north target area (NTA) of the property were associated with known historical copper zinc drill intercepts. The project is located within the Kidd-Munro assemblage, the same environment that hosts the Kidd Creek Mine, just 16 kilometers northwest of the Gowan project (see Fig.A).Highlights:Hole GO2202 returned an anomalous zinc intercept of 0.25% Zn over 1 meter from 206 to 207 meters.Hole GO2202 included a 6.24 meter interval from 121.30 to 127.54 meters with up to 10% pyrite and minor strongly conductive semi massive pyrite over short sections contained moderately anomalous copper values up to 0.11% copper over 0.5 meters.Hole GO2202 returned 0.24% Cu over 1.5 m from 76.5 m to 78 m.Airborne electromagnetic (AirTEM) survey currently underwayA petrological study and whole rock analysis to further inform our understanding of the Gowan Property's lithology and the geological environment hosting known historical base metal mineralization is ongoing.Ingrid Hibbard President & CEO commented \"Our initial drill program at Gowan demonstrates encouraging base metal potential on the property. This prospective land package recently attracted an option partner who may earn up to a 50% interest in the project for $2 million over two years (see news release January 20, 2022). We are excited to work alongside our partner in advancing exploration and drilling programs at Gowan.\"Gowan Property Program Discussion: (see Figures A and B)Geophysical Work:A follow-up ground induced polarization (IP) survey in the fall of 2021 was initiated to further evaluate a large airborne EM (VTEM) anomaly on the Gowan Property. This survey outlined two significant IP anomalies. In the NTA an IP anomaly was outlined and is known to be associated with historical copper mineralization. The second IP anomaly in the south target area (STA) suggests the possibility of a nickel-copper disseminated sulphide-t...