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Pelangio Exploration Drilling Base Metal Targets At Gowan Project, Ontario
TORONTO, ON / ACCESSWIRE / February 9, 2022 / Pelangio Exploration Inc. (TSXV:PX);(OTC PINK:P...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Pelangio Exploration Drilling Base Metal Targets At Gowan Project, OntarioTORONTO, ON / ACCESSWIRE / February 9, 2022 / Pelangio Exploration Inc. (TSXV:PX);(OTC PINK:PGXPF) (\"Pelangio\" or the \"Company\") is pleased to announce that the diamond drill program at its Gowan polymetallic project is underway. The project is well located within the Kidd-Munro assemblage, the same environment that hosts the Kidd Creek Mine, just 16 kilometers northwest of the Gowan project. The drill program will test several priority geophysical targets for nickel copper sulphides as well as copper zinc volcanogenic massive sulphide mineralization \"VMS\". Drill targets in the northern portion of the property are associated with known historical base metal drill intercepts in a VMS environment.Ingrid Hibbard President & CEO commented \"It is always thrilling to begin a drill program. Each exploration program conducted at Gowan to date has advanced the project and generated compelling targets. Further, while preparing for the drill program, six additional base metal targets were identified through the use of Maxwell Plate modelling, adding to the excitement. This highly prospective base metal project recently attracted an option partner which may earn up to a 50% interest for $2 million over two years (see news release January 20, 2022), which will ensure significant exploration and drilling continues at Gowan.Gowan Property Program Discussion: (see Figures 1,2,3)The follow-up ground induced polarization (IP) survey in the fall of 2021 on the Gowan Property outlined two IP anomalies. In the northeastern portion of the property, a compelling IP anomaly (IP Anomaly 1) was outlined. IP Anomaly 1 is associated with historical copper mineralization within a package of felsic volcanics or a typical VMS environment. The second anomaly (IP Anomaly 2) confirmed the presence of a nickel-copper type prospect coincident with a previously identified airborne electromagnetic (EM) or a VTEM target associated with a strong magnetic response. These targets are the focus of the drill program currently under way.Pelangio recently commissioned Maxwell Plate modelling of the airborne VTEM survey data to examine it further for more subtle anomalies. This work outlined six new targets of interest (See Fig.1 Targets A-F). One of the targets \"B\" is spatially associated...