Pelangio Exploration Further Defines Gold Zone
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7.00 g/t gold over 4 metres intersected at 100 metres vertical depth
TORONTO, Ontario (July 11, 2011) – Pelangio Exploration Inc. (PX:TSX-V; PGXPF:OTC) (“Pelangio” or the “Company”) is pleased to announce results from eight additional diamond drill holes totaling 1,434 metres at the Pokukrom West and Pokukrom East gold zones on the Manfo Property in Ghana. Highlights of the results reported today include:
- 1.00 grams per tonne (g/t) gold over 50 metres in SPDD-136 from 10 metres down-hole, including 4.10 g/t gold over 5 metres from 39 metres down-hole;
- 1.12 g/t gold over 23 metres in SPDD-138 from surface, including 2.53 g/t gold over 7 metres from 13 metres down-hole, extending the near surface strike of the Pokukrom West zone to 150 metres;
- 1.85 g/t gold over 17 metres in SPDD-139 from 129 metres down-hole, including 7.00 g/t gold over 4 metres from 136 metres down-hole at 100 metres vertical depth.
- 1.01 grams per tonne (g/t) gold over 38 metres in SPDD-129 from 11 metres down-hole in a broader intersection of 0.81 g/t gold over 54 metres from 5 metres down-hole, on the same section as previously announced SPDD-089 (1.03 g/t gold over 46 metres), SPDD-127 (1.53 g/t gold over 42 metres) and SPDD-128 (1.59 g/t gold over 16 metres).
“We are defining a north plunging, steeply dipping high-grade gold zone at Pokukrom West,” stated Warren Bates, Senior Vice President Exploration. “The holes announced today primarily intersected the periphery of the high-grade zone, but confirm the strike and dip of the zone intersected in previously reported SPDD-130 (5.79 g/t gold over 8 metres) and SPDD-131 (14.10 g/t gold over 7 metres) and the potential for further high grade intersections as we continue to trace the mineralization down plunge.”
Mr. Bates continued, “At Pokukrom East, we continue to intersect very good bulk tonnage widths and grades. The results reported today from surface, along with SPDD-128 may represent a splay of the main zone intersected in SPDD-089 and SPDD-127. We are currently awaiting results from drilling to the south of the currently defined 660 metre long zone in the 1,300 metre long Pokukrom East anomaly, as we test the strike to the south with 100 metre step-outs.”
The following table summarizes significant assay results reported herein:
1 Of the holes released today, SPDD-129 and -136 to -142 were drilled at azimuth 117° and a -45° dip and SPDD-135 was drilled at azimuth 297° and a -70° dip. SPDD-135 and -140 to -142 did not contain significant mineralization. SPDD-137 was abandoned at 70 metres depth due to poor ground conditions and not sampled.
2 Intervals are core length. Intersections drilled on Pokukrom West at azimuth 117° and -45° dip are estimated to be 70-75% of true width, while those drilled at azimuth 297° and -45° dip are estimated to be approximately true width. True widths of intersections from Pokukrom East will be defined with additional drilling. Unless otherwise indicated, a cut-off grade of 0.2 g/t gold was used in calculating intervals with allowance for up to five metres of internal dilution.
The Company interprets that Pokukrom West gold mineralization is contained within a steep east-dipping northeasterly striking shear zone hosted within a granitoid. Gold is hosted within an intensely sericitic zone with associated pyrite mineralization. Today’s intersections appear to encounter the lower grade periphery of the zone, with certain higher grade intersections potentially representing intersections of the high-grade zone previously identified.