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Pelangio Exploration Provides Update on Drill Program at Grenfell Property
TORONTO, ON / ACCESSWIRE / February 6, 2020 / Pelangio Exploration Inc. (TSXV:PX)(OTCPINK:PGX...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Pelangio Exploration Provides Update on Drill Program at Grenfell PropertyTORONTO, ON / ACCESSWIRE / February 6, 2020 / Pelangio Exploration Inc. (TSXV:PX)(OTCPINK:PGXPF) (\"Pelangio\" or the \"Company\") is pleased to announce it has successfully completed a first phase drill program on its highly prospective Grenfell Property. The property is comprised of 38 mining cells and 8 leased claims covering an area of approximately 6.7 square kilometers (\"km2\")and is located 10 km northwest of Kirkland Lake Gold's Macassa mine (see Map 1. Grenfell Project Property Geology).Ingrid Hibbard, President and CEO of Pelangio, commented, \"In light of the rising gold price, we are very pleased to have completed our first phase of drilling and we are anxiously looking forward to the results in the very near future. Considerable historical 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 demonstrate that this well-located project has excellent potential for hosting both narrow vein high-grade and bulk tonnage gold deposits.\"Current Surface Drill Program FocusThe recent drill program consisted of eight shallow drill holes (690 meters of drilling) to test a number of near surface targets known to exist from surface down to approximately 100 meters vertical (See Map 2. for target area reference). Details pertaining to the program are as follows:Holes JS2001 to JS2006 were drilled as fans from two drill pads to test the No.6 and No.1 veins and the bulk tonnage potential between the two transverse striking veins. Historical data has shown that both of these vein systems have significant high-grade gold associated with them and the proximal vein host rock between the veins demonstrated significant bulk tonnage potential. An example of the high-grade potential of the No.1 Vein is the historical surface bulk sample on the vein which returned 21.7 tons at 0.456 oz/ton gold. An example of the bulk tonnage potential associated with the No.6 and No.1 vein is historical hole JS955 which returned 2.62 g/t gold over 13.72 meters. A detailed summary of the historical work related to the No.6 and No.1 Veins is summarized below.Holes JS2007 and JS2008 were drilled to follow up on a single near surface intercept in Hole JS1302 which retur...