Pelangio Mines (PLG-V) has cut significant gold, just west of the past-producing open pit at its Detour Lake property, 160 km northeast of Timmins, Ont.
Results from seven of ten holes are highlighted by 20 intercepts grading 11.44-390 grams gold over 0.5-1 metre widths. Twelve of these intercepts, hit in five of these holes, graded greater than 20 grams gold per tonne (the historical cutting grade used at the former mine).
All of the holes contained zones of lower grade; some of the low grade was independent of the high-grade intercepts. These grades ranged from 0.7-7.2 grams gold over widths of 0.5-29 metres.
Only one of the holes failed to cut high grade. It did however intersect 26 metres grading 1.1 grams gold, as well as a 4-metre interval grading 2.7 grams gold. The latter interval included two metres grading 5.4 grams gold per tonne.
The holes were drilled 200-500 metres west of the pit. An east-west trending alteration zone about 75 metres wide exhibits variable potassic alteration, and is cut by felsic dykes and sills, quartz veining and sulphide mineralization.
Higher grade lenses trend west-southwest and are subvertical. Drill holes have cut these lenses at 40-50 to core axis
The area was previously drilled by former owners at 50-100-metre spacing. The Detour Lake open pit mine operated from 1983-1988, producing 313,070 oz. gold from three million tonnes of ore grading on average 3.25 grams gold per tonne.
Assays are pending for three of the holes. The drilling was part of an on-going scoping study.
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