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Preliminary Drill Results at Pelangio's Grenfell Property Near Kirkland Lake Returns High-Grade Intercept of 314 G/T Over 1.74 Meters (Uncut)
TORONTO, ONTARIO / ACCESSWIRE / March 1, 2020 / Pelangio Exploration Inc. (TSX-V:PX) (OTC PIN...
About this update from Pelangio Exploration Inc.
[{"type":"text","content":"Preliminary Drill Results at Pelangio’s Grenfell Property Near Kirkland Lake Returns High-Grade Intercept of 314 G/T Over 1.74 Meters (Uncut)TORONTO, ONTARIO / ACCESSWIRE / March 1, 2020 / Pelangio Exploration Inc. (TSX-V:PX) (OTC PINK:PGXPF) (\"Pelangio\" or the \"Company\") is pleased to announce it has received assay results from five of eight holes completed on its Grenfell Property, located near Kirkland Lake's Macassa Mine, Ontario. (See Map 1).Highlights of the results reported today include:Hole JS2004 was drilled in the immediate vicinity of the historical shaft and a surface bulk sample trench. JS2004 intersected a broad near surface zone of mineralization that returned 2.50 g/t Au over 26 meters A higher grade section within this intercept assayed 9.39 g/t Au over 3 meters.Hole JS2005 undercut Hole JS2004 also returned a broad zone of mineralization assaying 1.32 g/t Au over 26 meters (cut). Within this intercept there was a narrow vein high-grade intersection with visible gold which returned 314 g/t Au over 1.74 meters (uncut). A shorter interval with high-grade visible gold assayed 1810 g/t Au over 0.3 meters;Hole JS2006 undercut JS2005 and intersected undocumented mine working, stopping short of the target, and returned 26.5 g/t Au over 0.32 meters.\"We are exceptionally pleased with early results on the first few holes from our Grenfell Property,\" commented Ingrid Hibbard, President and CEO of Pelangio. \"We are particularly pleased with both the broad nature of the mineralization and some exceptional high-grade intercepts.\" We look forward to receiving results from the remaining three holes.\"Discussion of Recent Drill ProgramThe 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 (693 meters). Results to date have been received for Holes JS2004, JS2005, JS2006, JS2007, and JS2008 or approximately 64% of the drilling completed. Holes JS2001 to JS2006 were drilled in the vicinity of the historical surface workings and shaft (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...