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Pelangio Exploration Inc.

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Summary

Project:

Grenfell

Deposit:Grenfell
Location:Canada
Commodities:Gold
Date:3/2/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:2-3-2020: Pelangio Exploration Inc. announces an Exploration/Drilling Update report for its Grenfell deposit at the Grenfell project. Drilling results incl. 26.0m @ 21.8g/t Au from 33m. TORONTO, Ontario (March 1, 2020) – Pelangio Exploration Inc. (PX:TSX-
Resources:x
CP/QP:[Overall Report]: Kevin Filo (Not stated)
ABSTRACT:TORONTO, Ontario (March 1, 2020) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF) (“Pelangio” or the “Company”) is pleased to announce it has received assay results from five of eight holes completed on its Grenfell Property, located near Kirkland Lake’s Macassa Mine, Ontario. (See Map 1) The recent drill program consisted of eight holes (693 meters). Results to date have been received for Holes JS2004, JS2005, JS2006, JS2007, and JS2008 or approximately 64% of the drilling completed. Holes JS2001 to JS2006 were drilled in the vicinity of the historical surface workings and shaft (see Maps 2 and 3). Hole JS2001 to JS2003 and JS2004 to JS2006 were drilled as fans from two separate drill pads to test two transverse striking veins / structures designated in historical literature as the No.6 and No.1 Veins. Early results to date on these veins/structures have confirmed the presence of broad near surface mineralized zones associated with shorter intercepts of high-grade gold mineralization proximal to the historical vein/structures.

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