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Pelangio Announces Corporate and Exploration Update

Mining News - Published on Mon, 19 Aug 2019

Image Source: DigiGeoData
Pelangio Exploration Inc announced a summary of recent corporate and exploration activities.

HIGHLIGHTS

Financing:

1. Completed a flow through and hard dollar financing totaling $290,00 Dalton Property:

2. Completed mobile metal ion soil geochemical survey over the more prospective portions of the property

3. Finalizing target development to prepare for a fall diamond drilling program anticipated to commence in mid to late September of 2019

Grenfell Property:

1. Completed a re-evaluation of the Grenfell property in order to plan for a 2020 winter diamond drill program

Dome West Property:

1. A single 543 meter drill hole was completed on the Dome West property in April 2019

2. This hole intersected 3.21 g/t gold over 1.25 meters including a higher grade intercept of 4.754 g/t gold over 0.75 meters

3. Plans to initiate a substantial deep drilling program on the Dome West property in April 2020 Hailstone Property:

4. Completed a rock sampling program - waiting for analysis and results

5. Continue target development to develop drill ready targets

Source :

Posted By : Sanju Moirangthem on Mon, 19 Aug 2019
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