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Pelangio Receives Final Results of Grenfell Program and Prepares for Next Drilling Phase to Follow up on Recent High-Grade Zone Intercepts
TORONTO, ON / ACCESSWIRE / March 9, 2020 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"\nPelangio Receives Final Results of Grenfell Program and Prepares for Next Drilling Phase to Follow up on Recent High-Grade Zone InterceptsTORONTO, ON / ACCESSWIRE / March 9, 2020 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) (\"Pelangio\" or the \"Company\") has received assay results from the final three holes of its eight-hole program completed on its Grenfell Property, located near Kirkland Lake's Macassa Mine, Ontario. (See Map 1)\"Ingrid Hibbard, President and CEO of Pelangio commented; although only sporadic gold intercepts were noted in the final three drill holes of the Grenfell program we are pleased with our initial results which returned 314 g/t Au over 1.74 meters (uncut) in hole JS2005 as well as broad zones of near surface mineralization which returned 2.5 g/t Au over 26 meters in hole JS2004. Further follow up of this very prospective zone, at depth and along strike will be undertaken in the near future. Discussion of Recent Drill Program The Grenfell property is comprised of 38 mining cells and 8 leased claims covering an area of approximately 6.7 square kilometers and is located 10 kilometers northwest of the Town of Kirkland Lake Ontario.The recent drill program consisted of eight holes which evaluated two separate targets; the No.1/No.6 Vein/Structure in the vicinity of the historical shaft and the SW Zone. Six drill holes, JS2001 to JS2006 were drilled in the vicinity of the historical surface workings and shaft and two holes on the SW Zone (see Maps 2 and 3). Hole JS2001 to JS2003 and JS2004 to JS2006 were drilled as fans from two separate drill pads to test two transverse striking veins / structures designated in historical reports as the No.6 and No.1 Veins. (see Map 2 and 3)Initial results to date on the No.6 Vein/Structure in holes JS2004 to JS2005 have confirmed the presence of broad near surface gold bearing zones associated with shorter intercepts of high-grade gold mineralization. Holes JS2001 to JS2003 intersected narrow sporadic intercepts of gold mineralization to the northwest of the JS2004 to JS2005 drill section. (see tables below)Gold mineralization to date is associated with the hanging wall of a fault and diorite intrusive unit within the fault or proximal to it. The diorite intrusive is thought to represent the centre of the No.6 Vein/Structure referred to in historical reports. A...