Thursday, 8th May 2008 (243 views)

Gold explorer Pelangio Mines has released the results of its winter drilling programme at the Seeley Lake and Black Township properties in Ontario.

Diamond drilling at Seeley Lake in the north-west of the province encountered gold mineralisation in two holes, the company said, with results of 1.24 g/t gold over one metre and 1.10 g/t gold over two metres.

The holes were completed 50 metres north and south from drilling carried out in 1999 that returned gold grades of 2.55 g/t gold over two metres, the company said.

It added that results indicate gold mineralisation at Seeley Lake and further exploration drilling is planned for the site.

Drilling at the Black Township property south-west of the town of Timmins, meanwhile, also returned gold intercepts.

The best results were obtained from hole BK08-03, which returned intersections of 0.52 g/t gold over 1.5 metres and 0.47 g/t gold over two metres.

In addition to its exploration in Canada, Pelangio also announced that it intends to start a ten-hole diamond drilling campaign to test extensions of the Obuasi mine trend in Ghana, west Africa. The work will be the first phase of an estimated 10,000-metre drill programme scheduled for 2008, it said.

The company controls a total of three early stage exploration permits in Ghana covering an 290 kilometres on strike from the Obuasi mine.

 

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