Pelangio Prospecting Program Reports Significant GOLD Mineralization ON Hailstone Property IN Northern Saskatchewan
Pelangio Exploration Inc.
Pelangio Exploration Inc. News Release – October 7, 2019 1
82 Richmond Street East,
Toronto, ON M5C 1P1
Tel: 905-336-3828
Fax: 905-336-3899
NEWS RELEASE
PELANGIO PROSPECTING PROGRAM REPORTS SIGNIFICANT GOLD MINERALIZATION ON
HAILSTONE PROPERTY IN NORTHERN SASKATCHEWAN
TORONTO, Ontario (October 7, 2019) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF)
(“Pelangio” or the “Company”) is pleased to announce that is has received the final results from the
2019 prospecting program on its Hailstone Property located in the La Ronge Area, Northern
Saskatchewan.
Highlights of the Hailstone Property:
• Recent field work has confirmed the presence of numerous gold and base
metal occurrences in the Asbell Bay target area (see Figure 2) in a
prospective monzonite intrusive with grab samples returning grades of up
to 15.9 g/t gold
• Gold mineralization was detected in isolated exposures across the 1.5 km
north south extent of the intrusive proximal to northeast trending shear
zones and the belt bounding McLennan Lake Tectonic Zone
• The property is flanked by a number of small but high grade historical gold
mines (see Figure 1) in geological environments similar to that found at the
Hailstone Property
Pelangio’s CEO Ingrid Hibbard commented, “We are extremely pleased with our early prospecting results
at our Hailstone property located in the highly prospective La Ronge Gold Belt. We anticipate an
aggressive target development program to be initiated in 2020 to develop new drill targets.
Geological Description
The Hailstone Property is located 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 Asbell Bay target area (Figures 1 & 2) is characterized by variably strained monzonite that locally
hosts meter-scale pegmatite intrusions and associated quartz veins that contain significant grades of
gold and copper. Grab samples collected during 2019 highlighted significant grades of 15.9 g/t Au and
2.68% Cu in and around the Bornite Zone in the northern portion of the Asbell Bay area. Notably, the
outcrop exposure is drastically reduced southwest of the Bornite Zone however quartz veining exposed
in limited outcrops locally contains anomalous gold and copper concentrations. The newly discovered
Luiza Showing returned 2.06 g/t gold and is significant in that it expands the length of the target area to
be approximately 1,500 meters between the Bornite Zone and the Luiza Showing . Significant results
from the recently completed field work are shown in the accompanying Table 1.
Pelangio Exploration Inc. News Release – October 7, 2019 2
Table 1: Asbell Bay Target Area 2019 Results*
Sample ID Location Au g/t Cu % Ag g/t Mo ppm
Y993617 Bornite Zone 15.9 1.26 13 21.5
Y993618 Bornite Zone 3.25 0.236 2.01 7.12
Y993619 Bornite Zone 7.81 2.68 1.09 6.92
Y993606 Bornite East Zone 0.578 0.01925 0.26 9.4
Y993612 Discovery Zone 0.453 0.519 4.51 22.9
Y993613 Discovery Zone 1.79 0.566 9.44 2820
Y993614 Discovery Zone 0.944 0.402 4.32 1715
Y993625 CRZ Zone 0.229 1.375 2.43 8.1
Y993626 CRZ Zone 0.132 1.21 2.19 7.05
Y993627 CRZ Zone 0.701 0.745 0.92 7.56
Y993628 CRZ Zone 0.322 0.243 0.52 7.05
Y993633 Crocodile Zone 1.645 0.0201 0.97 11.5
Y993654 Luiza Zone 2.06 0.0465 0.39 5.17
*Note: Samples above are selected grab samples and not necessarily representative
of mineralization on the property
Future Plans
Pelangio intends to re-evaluate all of the technical work completed to date on the project by previous
operators in conjunction with newly acquired data from the 2019 field season. Upon completion of this
evaluation, a substantial target development program is envisioned for the property with a focus on the
Asbell Bay Area.
Quality Assurance/Quality Control Procedures
A total of 70 grab samples were taken over the project area in 2019. All grab samples adhered to 43-101
protocols and industry standard best practices and were collected by hand with the location recorded
with hand-held GPS, then the samples were bagged and tagged with certified blanks and standards
inserted approximately every 10 samples within the sequence. The samples were then s ealed and
delivered to ALS Geochemistry laboratory facility in Vancouver , British Columbia by First Geolas
Consulting personnel. All samples were crushed and pulverized (ALS procedure PREP-31Y). The samples
were analyzed for 48 elements by four acid/ICP-MS (ALS procedures ME-MS61 and ME-OG62). The gold
value is determined by 30 g fire assay with ICP-AES finish (ALS Procedure Au-ICP21). If the grade was
over 10 ppm Au, the sample was then re-analyzed using 30 g fire assay with gravimetric finish (ALS
Procedure Au-GRA21). The laboratory also runs their own duplicates and repeat a nalyses, as well as
internal blanks and standards which are reported to the Company. Full details on the ALS Geochemistry
analytical procedures and associated sample preparation can be reviewed on the ALS Geochemistry web
site.
Dalton Project Update
Pelangio is pleased to announce that the current plan of four holes for the phase 1 diamond drilling has
begun on schedule. Results for this program are anticipated by the end of October and will be made
available upon receipt of assays and completion of interpretation.
Pelangio Exploration Inc. News Release – October 7, 2019 3
Qualified Person
Kevin Filo, P. Geo. (Ontario), is a Qualified Person within the meaning of National Instrument 43-101.
Mr. Filo has approved the technical data disclosed in this release.
Figure 1: Hailstone Property showing proximity to prev ious producing gold deposits, and
infrastructure
Figure 2: Showing 2019 Sample Locations and Asbell Bay Target Area
Pelangio Exploration Inc. News Release – October 7, 2019 4
About Pelangio
Pelangio successfully acquires and explores camp-sized land packages in world-class gold belts. The
Company operates in both Canada and Ghana, West Africa, an English -speaking, common law
jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa. The
Company is exploring three 100%-owned camp-sized properties: the 25km2 Birch Lake Property located
adjacent to First Mining’s Springpole Gold Project, 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. The company is also exploring two properties
located in the Timmins Camp: the Dome West property, located 800m from the Dome Mine, and the
Dalton property located 1.5km from the Hollinger Mine.
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”
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“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 areas of
sizable gold mineralization, the Company’s plans to follow -up on previous work, and the Company’s
exploration plans. With respect to forward-looking statements and information contained herein, we have
made numerous assumptions, including assumptions about the state 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
any 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 volatility, increases in costs, exchange rate fluctuations, speculative nature
of gold exploration 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 or 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 -
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herein are qualified by this cautionary statement.
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