Pelangio Exploration Canadian Projects Corporate Update and Plans FOR the 2020 Exploration Season
Pelangio Exploration Inc.
Pelangio Exploration Inc. News Release – JUNE 23, 2020 1
82 Richmond Street East,
Toronto, ON M5C 1P1
Tel: 905-336-3828
Fax: 905-336-3899
NEWS RELEASE
PELANGIO EXPLORATION CANADIAN PROJECTS CORPORATE UPDATE
AND PLANS FOR THE 2020 EXPLORATION SEASON
TORONTO, Ontario (June 23, 2020) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF) (“Pelangio” or
the “Company”) is pleased to provide an update of recent progress made on its Canadian Projects and the
acquisition of the Birch Lake West Project.
HIGHLIGHTS
• Acquired strategic land package of 1040 hectares west of the Birch Lake Property and north of First
Mining Gold’s Springpole Deposit. Note, mineralization on adjacent and or nearby properties is not
necessarily indicative of mineralization on the Company’s property - Red Lake Mining District
• Completed initial 693 meter (“m”) drilling program at the Grenfell Property with high-grade intercepts
of 314 g/t over 1.74 m gold (uncut) and 2.50 g/t gold over 26 m.- Kirkland Lake Mining District
• Outlined a number of high priority targets by completing mobile metal ion, induced polarization, and
magnetometer surveys on the Dalton property in order to initiate drilling - Porcupine Mining District
• Completed an initial 543 m drill hole which returned 3.21 g/t gold over 1.25 m including a higher-
grade intercept of 4.754 g/t gold over 0.75 m on the Dome West property - Porcupine Mining District
Ingrid Hibbard, President and CEO of Pelangio, commented, “The successful drill program on the Grenfell
property was completed just prior to the COVID-19 pandemic. At that time, Pelangio encouraged its geologists
to work safely from home to review and evaluate data and complete target development on priority projects,
in preparation for summer and fall drilling programs. We also prioritized certain projects for potential joint
ventures in the rising gold market. We recently completed an over -subscribed financing of $1,450,000,
permitting Pelangio to initiate our 2020 exploration programs”.
BIRCH LAKE WEST Property Acquisition
Birch Uchi Greenstone Belt
The Birch Lake West Property is located approximately 110 km northeast of Red Lake Ontario in the Birch Uchi
Greenstone Belt. In May of 2020 a package of strategic claims became available for acquisition immediately
north of First Mining Gold’s Springpole Deposit and west of and adjacent to Pelangio’s Birch Lake Property
allowing Pelangio to acquire an additional 1040 hectares of land. With this newly acquired ground, Pelangio
now has a total property position of approximately 3400 hectares or 34 square kilometers (“km2”) contiguous
with First Mining Gold’s 4.67 million ounce Springpole Gold Deposit (Reference: First Mining Gold PR June 11,
2020); Pelangio’s land holdings are located approximately 3200 m north the actual deposit (see Figures 1 and
2). Note, mineralization on adjacent and or nearby properties is not necessarily indicative of mineralization on
the Company’s property. Renewed interest in First Mining Gold’s Springpole project is anticipated to generate
renewed exploration interest for junior exploration companies with established, prospective large-scale land
holdings in this exploration camp.
Both Pelangio’s Birch Lake and Birch Lake West Properties host significant gold mineralization in various
geological environments. These include gold bearing quartz veins in banded iron formation, high-grade gold
mineralization in shear hosted quartz veins associated with felsic intrusives and gold hosted within crystal tuffs.
Some select examples of this mineralization are as follows:
Pelangio Exploration Inc. News Release – JUNE 23, 2020 2
• The best result from the Birch Lake Property to date was at the High Grade Island gold zone where
Trade Winds drill hole DDH 96 returned 34.54 g/t gold over 9.85 m (Reference: R.Wells, P.Geo. Trade
Winds Ventures Report, 2005 and Pelangio Press Release October 31, 2016).
• On the recently acquired Birch Lake West Property Goldfields drilled two drill holes on the Rodman
Island Occurrence. These drill holes returned 0.14 oz per ton gold over 5 feet and 0.11 oz per ton gold
over 10 feet within a crystal tuff (Reference: Ontario Geological Survey Open File Report 5835).
Figure 1: Birch Lake and Birch Lake West Properties Regional Geology
Pelangio Exploration Inc. News Release – JUNE 23, 2020 3
Figure 2: Birch Lake and Birch Lake West Properties Claim location map
Grenfell Property
Abitibi Greenstone Belt Kirkland Lake Area
Pelangio’s Grenfell Property is located 10 km northwest of Kirkland Lake Gold’s Macassa Mine in Kirkland Lake
Ontario. The property is comprised of 38 mining cells and 8 leased claims covering an area of 6.7 km 2 (see
Figure 3). Note, mineralization on adjacent and or nearby properties is not necessarily indicative of
mineralization on the Company’s property.
In early 2020 Pelangio completed a series of short holes in the vicinity of the historical shaft area. The holes
targeted the historical northwest striking No.6 Vein system. Hole JS2004 returned 26m of 2.50 g/t Au including
a shorter intercept which assayed 3m at 9.39 g/t gold. Hole JS2004 which was undercut hole JS2005 returned
a cut value of 1.32 g/t gold over 26m including a higher-grade uncut value of 314 g/t gold over 1.74m (see
details in Pelangio Press Release dated March 1, 2020).
Pelangio Exploration Inc. News Release – JUNE 23, 2020 4
Hole Northing Easting Azimuth Dip From To Meters Au g/t
JS2004 5336214 560318 198 deg -47 deg 19.00 45.00 26.00 2.50
37.50 40.50 3.00 9.39
JS2005 5336214 560318 198 deg -60 deg 33.00 59.00 26.00 1.32 (cut)
36.26 38.00 1.74 314.00 (uncut)
2020 Exploration Plans
A summer drill program is planned for the project to further evaluate the No.6 Vein system along strike and at
depth. Final review of the program is under way and consideration is also being given to further drill testing
two similar gold bearing northwest trending systems designated the Shea Vein and the Central Target (see
Figure 4). Drilling on the Shea Vein and Central Target will evaluate both near surface bulk tonnage potential
as well as the narrow vein high grade potential similar to that found in the recent drilling on the No. 6 Vein.
The known northwest trending systems may represent a new target group that has not had si gnificant
evaluation across the entire property by past exploration groups.
Summer access to the Grenfell Project is somewhat challenging due to high water levels in creeks and streams;
Pelangio will be making application for a creek crossing permit and the program will be initiated as soon as
possible after receipt of this permit.
Figure 3: Grenfell Project Location and General Geology
Grenfell Project
EBY TWP
TECK TWP
OTTO TWP
LEBEL TWP
HEARST TWP
ARNOLD TWP
BOSTON TWP
KATRINE TWP
MCVITTIE TWP
MCELROY TWP
GAUTHIER TWP
GRENFELL TWP
BERNHARDT TWP MORRISETTE TWPMAISONVILLE TWP
SKEAD TWPBLAIN TWP
PACAUD TWP
BENOIT TWP MELBA TWP
CATHARINE TWP
MARQUIS TWP
BISLEY TWP CLIFFORD TWP BEN NEVIS TWP
OSSIAN TWP
MCGARRY TWP
MCFADDEN TWP
RATTRAY TWP
Kirkland Lake Gold
Macassa Mine
Larder Lake
Round Lake
Victoria Lake
Kenogami Lake
Wolf Lake
Sesekinika Lake
Little Misema River
Amikougami Lake
Bear Lake
Wawagoshe Lake
Beaverhouse Lake
Gem Lake
Gull Lake
Mist Lake
Howard Lake
Crosby Lake
Crystal Lake
Goodfish Lake
Kellett Lake
Otto Lake
Ward Lake
Mulven Lake
Wewegimok Lake
Lower Twin Lake
Kinabik Lake
Beaver Lake
Kennedy Lake
Spectacle Lakes
Kapakita Lake
Gold Lake
Hotchkin Lake
Verna Lake
Swan Lake
2ah
10a
13a
10a
13a
10a
10a
10a
13a
13a
13a
10a
10a
10a
10a
10a
13ab
2ahM
2abM
2abF
3abC
Larder LakeKenogami Lake
Kirkland Lake
Rosegrove Beach
Legend
Past Producing Mine
Producing Mine
Proterozoic
Sedimentary Rocks
Archean
Alkalic Intrusives
Felsic to Intermediate Intrusives
Porphyry
Mafic Intrusives
Ultramafic Intrusives
Timiskaming Sediments
Chemical Sediments
Clastic Sediments
Alkalic and Subalkalic volcanics/Intrusions
Felsic Volcanics
Intermediate Volcanics
Mafic Volcanics
Ultramafic Volcanics
0 3 61.5
Kilometers
Date: March, 2020
Name: TS
Grenfell Project
General Geology
File: GF_gen_geol_2020
NAD 1983 UTM Zone 17N
Pelangio Exploration Inc.
Source:
OGS map P3565
Grenfell Project
Grenfell Project
2020 Work Area
GRENFELL TWP
MAISONVILLE TWP
0 500 1,000250
Meters
Pelangio Exploration Inc. News Release – JUNE 23, 2020 5
Figure 4: Grenfell Project Surface Plan Map
Dalton Property
Abitibi Greenstone Belt Timmins Area
Pelangio’s Dalton Property covers approximately 3.3 km2 of land in the main Timmins Camp (see Figure 5).
More specifically the property is located 1.5 km southwest of the historic Hollinger Gold Mine currently being
operated as a surface open pit operation by Newmont Corporation (“Newmont”).
In the summer of 2019, Pelangio completed a mobile metal ion (“MMI”) geochemical survey over the heavily
overburden covered eastern portion of the property to develop new gold targets within the prospective Tisdale
Group stratigraphy known to exist in this area from geophysics and limited outcrop exposure. The MMI survey
outlined a number of high priority targets.
In June of 2020, an induced polarization (“IP”) and magnetic survey was completed over the most prospective
portions of the soil sampling grid and these surveys outlined three IP targets coincident with MMI gold and
silver anomalies.
2020 Exploration Plans
The two highest priority IP targets with coincident MMI targets are now slated for a summer drill program and
further evaluation is being considered for the third target.
Pelangio Exploration Inc. News Release – JUNE 23, 2020 6
Dome West Property
Pelangio’s Dome West Property is comprised of 10 mining cells covering approximately 56 hectares of land in
the main Timmins Gold Camp. (see Figure 5) The project is located 800m due west of the Dome Mine Super Pit
and is contiguous with the north boundary of the former Paymaster Mine.
In early 2019 Pelangio drilled a 543m drill hole (DDH DW1901) to test the Tisdale Group stratigraphy and an
associated porphyritic intrusive, extending northwards from the Paymaster Mine. This hole was the first hole
and deepest hole to be drilled on the property since the 1930’s. Hole DW1901 returned 3.21 g/t gold over
1.25m including a higher-grade intercept of 4.754 g/t gold over 0.75m. This gold intercept is believed to be
the first gold intercept recorded on the property. The hole also confirmed the presence of the prospective
Tisdale Group stratigraphy, marker horizon variolitic flows and the presence of numerous quartz veins.
Hole Northing Easting Azimuth Dip From To Meters Au g/t
DW1901 5367651 480357 360 deg -88 deg 471.00 472.25 1.25 3.21
471.5 472.25 0.75 4.754
2020 Exploration Plans
The drilling program for this property has been rescheduled to the late fall of 2020 due to the COVID-19
situation and resulting access restrictions through Newmont’s Dome Mine Property. Pelangio intends to carry
out a further 700m of drilling in two separate holes proximal to the recent intersection obtained in 2019 in
order to further evaluate the known mineralization and potential new vein systems.
Figure 5: Dome West and Dalton Property Location Map
Pelangio Exploration Inc. News Release – JUNE 23, 2020 7
Hailstone Property
La Ronge Area Northern Saskatchewan Canada
The Hailstone Property covers an area of 7459 hectares or 7.459 km2 and is located in the La Ronge Area,
Northern Saskatchewan proximal to historical gold mines and deposits.
From a geological perspective the project is situated within the Central Metavolcanic Belt of the La Ronge
Domain of north-central Saskatchewan, which represents a portion of the Paleoproterozoic Trans-Hudson
Orogeny. The Property comprises a southwest-northeast trending metavolcanic succession intruded by multi-
phase intrusive rocks of the Berven Lake Pluton. Gold and copper mineralization on the Property is hosted
within quartz veins and quartz rich pegmatite dikes associated with southwest-northeast trending shear zones
subsidiary to the terrane-bounding McLennan Lake Tectonic Zone.
The principal focus of exploration efforts at Hailstone is the Asbell Bay Target where recent prospecting efforts
by both Pelangio and previous explorers outlined a mineralized trend in sparse outcrop exposure over 1600m.
Significant grab sample values of up to 15.9 g/t gold on the Asbell target by Pelangio geologists in 2019
confirmed the presence of gold mineralization in 2019 and extended the strike length of the trend from
approximately 800m. to about 1600m (see Figure 6) with the discovery of the Luiza showing which returned
2.06 g/t gold (see details in Pelangio Press Release dated October 7, 2019). Note, grab samples are selected
samples and not necessarily representative of mineralization hosted on the property.
2020 Exploration Plans
Pelangio will be conducting a drone airborne magnetic survey consisting of 94-line km of survey at 30m line
spacing over the Asbell Bay target in the next few weeks. This work will be immediately followed up with till
sampling for gold grain analysis. Upon completion of these programs the more prospective areas will be
followed up with induced polarization surveying in order to define drilling targets.
Figure 6: Hailstone Property 2019 Rock Sample Location and Results
533000 534000 535000 536000
6187000 6188000 6189000± 1:15,000
0 400 800200
Meters 2019 Hailstone Property Rock Samples
NAD83 UTM Zone 13N
September 2019
Hailstone Property Outline
2019-2020 T arget Area
2019 Hailstone Rock Samples - Au ppm
0.0005 - 0.50
0.50 - 1.00
1.00 - 15.90
Bornite Zone
15.9 g/t Au, 1.26% Cu
7.81 g/t Au, 2.68% Cu
3.25 g/t Au, 0.236 % Cu
Discovery Zone
1.79 g/t Au, 0.566% Cu
0.944 g/t Au, 0.402 % Cu
0.519% Cu
CRZ Zone
1.375% Cu, 229 ppb Au
1.21% Cu
0.745% Cu, 701 ppb Au
Crocodile Zone
1.65 g/t Au
Bornite East Zone
578 ppb Au
2018 rock sample: 2.42 g/t Au
*NEW* Luiza Showing
2.06 g/t Au
Pelangio Exploration Inc. News Release – JUNE 23, 2020 8
Quality Assurance Quality Control QA/QC
Core logging and sampling of NQ drill core on Pelangio’s Dome West and Grenfell projects was completed in
secure logging facility under the direction of K. Filo P.Geo and adhered to 43 -101 protocols and industry
standard best practices. Drill core was sawn in half with a diamond saw, tagged and placed in securely sealed
bags and then transported by Pelangio personnel to Actlabs facilities in Timmins Ontario. Half to core was
retained for reference purposes. Gold analysis was conducted using a standard fire assay with an AA finish
(Actlabs Procedure 1A2-50 and 1A2-30) and or gravimetric finish for samples over 5 grams per ton. A series of
standards and blanks were also submitted with each batch of assays for QA/QC and these samples were within
acceptable tolerance levels. For further details pertaining to QA/QC on these projects the reader is referred to
the original Pelangio press releases June 13, 2019, and March 9, 2020 for the Dome West Project and Grenfell
Projects respectively.
Prospecting and sampling programs on the corporations Hailstone Property in Saskatchewan also adhere to
43-101 protocols and industry standard best practices. All sample locations were located and recorded for
reference. The samples were then transported by Pelangio personnel to the ALS geochemistry Lab in Vancouver
and analysed using procedures ALS ME-MS61, ME-OG62 and AU-ICP-21. For samples over 10 ppm Au a 30 g
fire assay with a gravimetric finish was completed (Procedure Au-GRA21). Pelangio also submitted its own
blanks and standards for QA/QC purposes which fell within acceptable tolerances. Full details on QA/QC for
Hailstone can be referenced in the original Pelangio Press Release dated Oct. 7. 2019.
Certain historical results have been quoted in this press release which may pre-date 43-101 standards and/or
data on QA/QC protocols carried out are unknown. The author has relied on the work of other professionals in
these instances.
Qualified Person
Mr. Kevin Filo, P.Geo. (Ontario), is a qualified person within the meaning of National Instrument 43-101. Mr.
Filo approved the technical data disclosed in this release.
About Pelangio
Pelangio acquires and explores land packages in world-class gold belts in Canada and Ghana, West Africa. In
Canada, the company is focusing on the 6.7 km2 Grenfell property located approximately 10 km from the
Macassa Mine in Kirkland Lake, the Dome West property located 800 metres from the Dome Mine in
Timmins, 34 km2 Birch Lake and Birch Lake West properties located in the Red Lake Mining District and the
Dalton Property located 1.5 km from the Hollinger Mine in Timmins. In Ghana, the Company is focusing on
two 100% owned camp-sized properties: the 100 km2 Manfo Property, the site of seven recent near-surface
gold discoveries, and the 284 km2 Obuasi Property, located 4 km on strike and adjacent to AngloGold
Ashanti’s prolific high-grade Obuasi Mine. Ghana is an English speaking, common law jurisdiction that is
consistently ranked amongst the most favourable mining jurisdictions in Africa.
For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
Tel: 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 a number of
places and can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate” or “believes”
or variations of such words and phrases or statements that certain actions, events or results “may”, “could”,
“would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information include