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Pelangio Outlines High Priority Gold Targets at Its Hailstone Property
TORONTO, ON / ACCESSWIRE / January 14, 2021 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PG...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Pelangio Outlines High Priority Gold Targets at Its Hailstone PropertyTORONTO, ON / ACCESSWIRE / January 14, 2021 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) (\"Pelangio\" or the \"Company\") is pleased to announce that is has received the results from its 2020 till sampling programs and subsequent Induced Polarization-Resistivity (\"IP\") survey at its Hailstone property in Northern Saskatchewan. These results are very encouraging and indicate high priority gold targets associated with surface gold mineralization (see Figure 1).Highlights of the Hailstone PropertyRecent till sampling of the Asbell Bay target area confirmed two anomalous areas of interest, the - Bornite Zone and the Crocodile Zone, with samples containing a significant number of gold grains;These anomalous areas are associated with known gold occurrences, with grab samples assaying up to 15.9 g/t gold (\"Au\") (Bornite Zone target, see Figure 2) as reported previously by Pelangio (see press release October 7, 2019);Peripheral till sampling proximal to known mineralized zones also detected isolated highly anomalous till samples. To the southwest of the Crocodile Zone, one such sample contained 270 gold grains (see Figure 3) suggesting additional till sampling work is warranted for further target development in other sections of this highly prospective, under-explored property;In December 2020, an IP survey was conducted on a select portion of the Asbell Bay target area (the Bornite Zone and Crocodile Zone occurrences) and related till anomalies which outlined numerous targets associated with both till anomalies and various gold occurrences;The Hailstone property is surrounded by a number of historical gold mines (see Figure 1) in geological environments similar to Hailstone.Pelangio's CEO Ingrid Hibbard commented, \"The 2020 exploration programs at our Hailstone property, located in the highly prospective La Ronge Gold Belt, advanced our understanding and interest in this property. With these encouraging till samples and geophysical results, we anticipate a substantial drill campaign in 2021 to follow up on the newly developed target zones.\"Geological DescriptionThe 75 square kilometer (\"km2\") Hailstone property is located within the Central Metavolcanic Belt of the La Ronge Domain of north-central Saskatchewan, which represents a portion of the Pale...