Visible gold at Detour Lake

Pelangio Mines (PLG-V) continues to intersect high-grade gold at its Detour Lake property, 160 km northeast of Timmins, Ont.

Hole 54 cut 3 metres grading 7.26 grams gold per tonne, including 1 metre of 17.63 grams gold.

Hole 55 cut two 0.5-metre-wide intercepts of 230 and 39 grams, both of which contained visible gold. In addition, a 1-metre intersection graded 3 grams gold per tonne.

Two other holes contained visible gold, the highest-grade being 6.9 grams gold over 0.7 metre.

Drilling targeted an east-trending induced-polarization (IP) anomaly along its 1.1-km length. Holes were drilled at 200-metre spacings and to a vertical depth of about 100 metres.

The hole drilled on the western end of the anomaly, no. 58A, cut 1 metre grading 3 grams gold at a down-hole depth of 129 metres, followed 3 metres farther down by 17 metres of 1.1 grams gold.

The IP anomaly is in the footwall of the M zone stratigraphy.

Pelangio has a 100% interest in the Detour Lake property, which covers the past-producing Detour Lake mine. Trade Winds Ventures (TWD-V) is earning a half-interest in the 11.7-sq.-km Detour Lake Block A property, contiguous with the Detour Lake property and just 3 km west of the mine.

Trade Winds recently drilled four holes into a structure at depth, west of the M zone. All holes intersected visible gold.

Hole 41 cut 9.7 metres grading 20.9 grams gold per tonne, including 0.3 metre of 652 grams and 1 metre of 5.3 grams.

Farther down in hole 41, gold was again seen in a 1.5-metre intercept, which graded 17.2 grams.

Other holes graded 10.9-79.9 grams gold over widths of 0.4-1.6 metres in areas where gold was seen.

These holes tested the up-plunge projection of the zone and were drilled at 40-metre spacing on adjacent sections 20 metres apart.

Drilling is ongoing. Trade Winds plans to drill the M zone structure along 80-metre sections over a 1-km-by-300-metre area in order to delineate a near-surface resource. In addition, holes will test the North Walter Lake zone, which Pelangio found on ground immediately east of the Detour Lake Block A property.

In recent drilling at North Walter Lake, Pelangio cut intervals grading as high as 34.6 grams gold over 0.5 metre.

Two other holes cut 2-5.7 grams gold over 2-7 metres.

Gold mineralization has been cut over a 240-metre strike length.

Pelangio is also drilling holes to confirm resources immediately west of the Detour mine open pit. Infill drilling will define the resource in this area, which previously was drilled at a spacing of 50-100 metres.