Pelangio Intersects Prospective Vipond Stratigraphy at Dome WEST Project, Timmins, Ontario
Pelangio Exploration Inc. News Release –March 9th 2022
82 Richmond Street East, Toronto, ON M5C 1P1 T: 905-336-3828
1
NEWS RELEASE
PELANGIO INTERSECTS PROSPECTIVE VIPOND STRATIGRAPHY AT DOME WEST PROJECT,
TIMMINS, ONTARIO
TORONTO, Ontario (March 9, 2022) – Pelangio Exploration Inc. (PX:TSX-V; PGXPF:OTC PINK) (“Pelangio”
or the “Company”) is pleased to announce that it has completed 1446.50 meters of diamond drilling in
two holes at its Dome West Project located 800 meters west of Newmont’s prolific Dome Mine in Timmins,
Ontario.
Highlights:
• Both drill holes intersected substantial sections of the prospective Vipond stratigraphy known to
host a significant portion of the gold bearing zones at the adjoining Dome and Paymaster Mines.
• The Vipond stratigraphy within the Pelangio holes had a number of prospective vein systems well
mineralized with pyrite and tourmaline. The Vipond sections within the Pelangio drill core
exhibited strong pervasive alteration.
• The Company’s exploration efforts to date in conjunction with data from adjoining mines has
demonstrated that Pelangio’s Dome West property hosts a large portion of under explored
Vipond stratigraphy with approximately 400 meters of strike length and extending at depth from
approximately 300 m to a minimum of 1300 m below surface.
• A single drill hole completed by Pelangio in 2019 demonstrated the gold potential of this project
with assay values of 3.21 g/t gold over 1.25 m including 4.754 g/t gold over 0.75 m.
Ingrid Hibbard, President and CEO commented, “The Dome West property is located just 800 meters from
the second largest gold mine in the Timmins Camp. The recent drill program was designed to test for gold
mineralization hosted in the Vipond Formation, interpreted from historical data plus our 2019 drill hole ,
to enter the property from approximately 300 meters vertical depth. The program successfully intersected
large widths of Vipond stratigraphy in both holes with extensive alteration and several zones of quartz
veining, however the assays for gold were negligible. With 400 meters of strike of prospective geology on
the Dome West property and drilling to date effectively only testing one drill section, further drilling along
strike is warranted to test for potentially economic mineralization.”
Dome West Property (See Figures 1 to 3)
Dome West is located in the main portion of the Timmins mining camp. It is comprised of 10 mining cells
or 56 hectares of mineral rights located approximately 800 m eters west of Newmont’s Dome Mine and
450 meters northwest of the former Paymaster Mine.
The recently completed program was designed to test three specific targets. The primary target of the
program was potential new vein s or vein systems with in the Vipond st ratigraphy known to host
substantial gold mineralization at the adjoining Dome and Paymaster Mines. (see Fig. 2 and 3) Secondary
Pelangio Exploration Inc. News Release – March 9th, 2022
82 Richmond Street East, Toronto, ON M5C 1P1 T: 905-336-3828
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targets included the strike and down dip extension of known gold mineralization in the Krist Fragmental
unit and feldspar porph yritic intrusives on former adjoining Paymaster Mine holdings as shown in
historical underground drill holes in the accompanying Fig.1.
Both Pelangio drill holes DW2101 and DW2102 cored extensive intervals of the Vipond stratigraphy, and
within the Vipond package a number of prospective veins were intersected. These veins were often well
mineralized with both pyrite and tourmaline; however, no significant gold values were noted. These veins
were associated with considerable pervasive alteration, all indicative of a highly prospective environment
for gold mineralization. Pelangio’s drilling to date and historical data from adjoining mines has shown that
the Vipond volcanic package has a 400 meter strike length and extends from approximately 300 to 1300
meters below surface on the Pelangio holdings.
The Company is incorporating this information to plot the next stage of exploration on this well located
highly prospective gold prospect. A significant drill program will be required to fully evaluate the gold
potential of this project.
ONTARIO OJEP EXPLORATION GRANT
Further, the Company wishes to acknowledge the contribution by the Province of Ontario to Pelangio’s
Dome West Project. The corporation was awarded a $150,000 grant through the Province’s OJEP program,
which assists junior exploration companies with their exploration efforts in Ontario. This grant made a
significant contribution to the cost-effective, early-stage evaluation of this project.
Pelangio Exploration Inc. News Release – March 9th, 2022
82 Richmond Street East, Toronto, ON M5C 1P1 T: 905-336-3828
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Figure 1: Dome West Area Location Map
Pelangio Exploration Inc. News Release – March 9th, 2022
82 Richmond Street East, Toronto, ON M5C 1P1 T: 905-336-3828
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Figure 2: Historical Composite Level Plan with Geology
Pelangio Exploration Inc. News Release – March 9th, 2022
82 Richmond Street East, Toronto, ON M5C 1P1 T: 905-336-3828
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Figure 3: Composite Drill Section of Pelangio Drill Holes
Pelangio Exploration Inc. News Release – March 9th, 2022
82 Richmond Street East, Toronto, ON M5C 1P1 T: 905-336-3828
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Qualified Person
Mr. Kevin Filo, P.Geo. (Ontario #0221), 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 prospective land packages located in world-class gold belts in Ghana, West
Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp -sized properties: the
100 km2 Manfo property, the site of eight 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, as well as the
newly optioned Dankran property located adjacent to its Obuasi property. In Canada, the Compa ny is
currently focused in Ontario at its Dome West property, situated some 800 meters from the Dome Mine
in Timmins; at its Gowan polymetallic project, located 16 km east of the Kidd Creek Mine . See
www.pelangio.com for further detail on all Pelangio's properties.
For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
T: 905-336-3828 / TF: 1-877-746-1632 / E: [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”,
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actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward -looking statements
and information include statements regarding the Company’s strategy of acquiring large land packages in are as of sizeable gold
mineralization, and the Company’s ability to complete the planned exploration programs. With respect to forward -looking
statements and information contained herein, we have made numerous assumptions, including assumptions about the stat e of
the equity markets. Such forward-looking statements and information are subject to risks, uncertainties and other factors which
may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from a ny
future results, performance or achievements expressed or implied by such forward -looking statement or information. Such risks
include the changes in equity markets, share price volatility, volatility of global and local economic climate, gold price vo latility,
political developments in Ghana, and Canada, increases in costs, exchange rate fluctuations, speculative nature of gold
exploration, including the risk that favourable exploration results may not be obtained, delays due to COVID-19 safety protocols,
and other risks involved in the gold exploration industry. See the Company’s annual and quarterly financial statements and
management’s discussion and analysis for additional information on risks and uncertainties relating to the forward -looking
statement and information. There can be no assurance that a forward -looking statement or information referenced herein will
prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements o r
information. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue
reliance on forward - looking statements or information. We undertake no obligation to reissue or update any forward -looking
statements or information except as required by law. All forward-looking statements and information herein are qualified by this
cautionary statement.
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