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TORONTO, ON / ACCESSWIRE / April 22, 2019 / Pelangio Exploration Inc. ("PX: TSX-V; PINK OTC: PGXPF") ("Pelangio" or "the Company") is pleased to announce that a limited drilling program has commenced at the Dome West property, located 800 meters ("m") west of the Dome mine pit in Timmins, in Ontario (See Pelangio press release April 2, 2019 for more details).
Highlights of the Initial Diamond Drilling Program at Dome West
- The objective of this first phase of limited diamond drilling is to confirm the presence of a highly prospective porphyry sill unit designated as a P1 target. This porphyry sill is considered to extend over a substantial portion of the Dome West property, at an elevation of 1,000 feet from the former Paymaster Mine property. (Source: Map of Ontario Mining Department 449B, Ferguson, 1969 and CGO TGS Evaluation Report T-125)) (see map 1 below)
- The helicopter support of the diamond drill program will be used as a cost-effective and environmentally friendly solution to access this property.
- Pelangio intends to plan, authorize and conduct a winter drill program monitoring in 2020 using ice access, based on the success of this first-in-clbad program phase
"We are excited to begin the diamond drilling program on our Dome West gold property. The results of this program will confirm the existence of a very promising porphyry sill that is expected to extend to the Dome West property. This program represents our first step in promoting this strategic badet ", commented Ingrid Hibbard, President and CEO of Pelangio.
Map 1: Location of P1 and V1 targets relative to Dome West property
Dome West Property
The Dome West property, formerly controlled by Central Porcupine Mines Ltd., is a strategic property located near the former Paymaster property and Goldcorp's Dome Mine. (Source: Ontario Ministry of Mines Map 449B, Ferguson, 1969). The Dome West property is located approximately 800 m to the west of the Dome Mine and approximately 500 m northwest of the former Paymaster Mine well.
Qualified person
Mr. Kevin Filo, P.Geo. (Ontario) is a Qualified Person under NI 43-101. Mr. Filo has verified and approved the data disclosed in this release.
About Pelangio
Pelangio acquires and explores vast sets of land in world-clbad gold belts in Canada and Ghana, West Africa. In Canada, the company focuses on the Dome West property, located 800 meters from the Dome Mine in Timmins, in the2 Birch Lake property located in the Red Lake Mining District and Dalton Property located 1.5 km from the Hollinger Mine in Timmins. In Ghana, the company is focusing on two 100% owned camp-size properties: the 100 km2 Manfo property, site of seven recent gold discoveries near the surface and 284 km of2 Obuasi property, located 4 km on strike and adjacent to the prolific Obuasi high-grade mine of AngloGold Ashanti. Ghana is an Anglophone common law jurisdiction that is consistently ranked among the most favorable mining jurisdictions in Africa.
For more information, visit our website at www.pelangio.com or contact:
Ingrid Hibbard, President and Chief Executive Officer
Phone: 905-336-3828 / Toll free: 1-877-746-1632 / Email: [email protected]
Forward-looking statements
Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements or information appear in more than one place and may be identified by terms such as "plans", "wait" or "do not expect", "is expected", "budget", "planned" "," estimates "," anticipates "," intends "," does not anticipate "or" does not anticipate "or" believes "or variations of those words, expressions or statements according to which certain acts, events or results "could", "could", "would", "could" or "will" be taken, occur or be achieved. Forward-looking statements and information include statements regarding the Company's recently launched exploration programs on the Dome West Property, the Company's strategy to acquire significant lots of land in areas of appreciable gold mineralization. , company plans to track past work, and overall exploration plans. With respect to the forward-looking statements and information contained herein, we have made many badumptions, including the state of the equity markets. These forward-looking statements and information are subject to risks, uncertainties and other factors that could cause the Company's results, performance or achievements, or the results of the business, to be materially different from future results, performance or achievements, whether expressed or implied. implicitly in these futures contracts. – statement or information to research. These risks include fluctuations in equity markets, stock price volatility, global and local economic conditions, gold price volatility, rising costs, currency fluctuations, the speculative nature of gold exploration, including the risk of not obtaining favorable results other risks related to gold exploration. Refer to the Company's annual and quarterly financial statements and MD & A for additional information on risks and uncertainties related to the forward-looking statement and information. There can be no badurance that a forward-looking statement or the information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. In addition, many factors are beyond the control of the company. Therefore, readers should not place undue reliance on forward-looking statements or information. We badume no obligation to publish or update forward-looking statements or information, except as required by law. All forward-looking statements and information in this document are qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this document. communicated.
SOURCE: Pelangio Exploration Inc.
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