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Pelangio Reports Positive Results - Intercepts 10.95 g/t Gold Over Three Meters at Grenfell Gold Project, Kirkland Lake
TORONTO, ON / ACCESSWIRE / January 8, 2021 / Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PG...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Pelangio Reports Positive Results - Intercepts 10.95 g/t Gold Over Three Meters at Grenfell Gold Project, Kirkland LakeTORONTO, ON / ACCESSWIRE / January 8, 2021 / Pelangio Exploration Inc. (TSX-V:PX)(OTC PINK:PGXPF) (\"Pelangio\" or the \"Company\") is pleased to announce it has received and reviewed all assay results from the phase 2 drill program completed in the fall of 2020 on its Grenfell gold project, located near Kirkland Lake, Ontario. (See Figure 1). The drill program successfully intercepted gold in both higher-grade narrow vein intersections and a series of new gold bearing intercepts. These results indicate continued success from the phase 1 drilling program completed in the spring of 2020 (see Pelangio press releases dated March 1, 2020 and March 9, 2020).Highlights of Phase 2 Drill ProgramHole JS2013 intersected a new vein (No.1 HW Vein) in the hanging wall of the No.1 Vein which returned 10.95 g/t Gold (\"Au\") over 3 meters (\"m\") including a higher grade intercept of 23.4 g/t Au over 1m;Hole JS2013 targeted the No.1/No.6 Vein intersection as mapped on the 76m level historical workings:The hole returned 11.4 g/t Au over 0.6m approximately 10m above the projected intersection;The hole also returned 1.16 g/t Au over 7.5m in the hanging wall of the No.1 Vein;Hole JS2014 returned two new significant zones of mineralization approximately 50m below the historical No.1 Vein sill drift workings (76m level). These new mineralized zones assayed 1.45 g/t Au over 9m and 1.76 g/t over 4.5m including some higher grade intercepts of 4.02 g/t Au over 1.1m and 3.46 g/t Au over 1.5m respectively; andHole JS2011 targeted the up dip projection of No.1 Vein and returned a mineralized intercept in the hanging wall of the No.1 Vein which assayed 1.26 g/t Au over 6.8m including 4.91 g/t Au over 1.5m.Ingrid Hibbard, President and CEO of Pelangio commented: \"These results are extremely encouraging and continue to demonstrate excellent potential and captivate our attention at Grenfell. The recent results complement our initial work in the spring of 2020 which returned some impressive high grade results of 314 g/t gold over 1.74 meters (uncut). Our team will be modelling the new exploration data to continue to refine our understanding of the mineralization and the geometry of the zones in anticipation of the next round of drilling.\"Disc...