Pelangio Mines Inc.
TSX : PLG

Pelangio Mines Inc.

October 30, 2007 08:15 ET

Pelangio Advised of Drill Results From Detour Gold's Drilling Program at Detour Lake, Ontario

(Detour Gold intersects 2.69 g/t over 91 m and 2.50 g/t over 120 m in the Gap Zone)

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2007) - Pelangio Mines Inc. (TSX:PLG) ("Pelangio" or the "Company") has been advised by Detour Gold Corporation (TSX:DGC) that it has released drill results from an additional four holes from the now completed Phase I drilling program at its Detour Lake property in northern Ontario. In Phase I, Detour Gold completed 134 holes totaling 49,322 metres and has now released the assay results for 105 holes (78%). Drilling resumed on July 9 for a Phase II drilling program consisting of an additional 50,000 metres. As of yesterday, 140 holes totaling 48,220 metres have been completed in Phase II, for a combined total of 274 holes (97,542 metres) in 2007.

Pelangio has a 49.6% equity interest in Detour Gold (20 million shares). Detour Gold issued a press release today, the verbatim text of which follows:



"Detour Gold Intersects 2.69 g/t over 91 m and 2.50 g/t over 120 m in
the Gap Zone of its Detour Lake Property in Northern Ontario,
Canada"


Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to report the drill results of an additional four holes in the Gap Zone (area between the two proposed pits - West Pit and Calcite Zone) from its completed Phase I drilling program at its Detour Lake property in northern Ontario. Thus far, the Company has released the assays of 105 holes representing 78% of the Phase I program. As of yesterday, 140 holes totaling 48,220 metres have been completed in Phase II, for a combined total of 274 holes (97,542 metres) in 2007.



Significant mineralized (uncut) intervals are as follows:

On Section 18,750E, hole DG-07-92 intersected:
- 91.0 m at 2.69 g/t from 302.0 to 393.0 m
- 19.3 m at 6.54 g/t from 413.0 to 432.3 m
- 18.4 m at 5.82 g/t from 507.6 to 526.0 m

On Section 18,800E, hole DG-07-98 intersected:
- 6.0 m at 31.94 g/t from 159.0 to 165.0 m
- 21.0 m at 1.71 g/t from 200.0 to 221.0 m
- 120.0 m at 2.50 g/t from 444.0 to 564.0 m

On Section 18,800E, hole DG-07-104 intersected:
- 32.0 m at 1.63 g/t from 104.0 to 136.0 m
- 10.0 m at 22.89 g/t from 215.0 to 225.0 m
- 5.2 m at 11.31 g/t from 464.8 to 470.0 m


Mr. Gerald Panneton, President and CEO, commented: "We are continuing to receive strong results from the Gap Zone, which not only have confirmed the continuity of the gold mineralization between the West Pit and Calcite Zone but have extended the width of the mineralized corridor from 200 metres to over 350 metres in some areas. With additional mineralized gold structures found in both the Gap Zone and West Pit, we are planning to add an additional 20,000 metres of drilling to our Phase II drilling program to follow up on these newly discovered zones, which are mostly located in the hanging wall outside of the 200 metre mineralized corridor."

The Company remains on track for an updated mineral resource, in compliance with NI 43-101, at the end of 2007, which will include all of the Phase I drilling (near 50,000 metres). Detour Gold is confident in significantly expanding the September 2006 near-surface resource of 1.4 million ounces in the indicated category (20.0 million tonnes grading 2.14 g/t) and 2.0 million ounces of gold in the inferred category (35.4 million tonnes grading 1.80 g/t), using a US$450 per ounce gold price and a cut-off grade of 0.85 g/t gold.

The Company has awarded several contracts for the start of its feasibility study on the Detour Lake project (press release dated October 11, 2007). The drilling for both the geothechnical and metallurgical testwork started last week.

Complete tables of results, surface and longitudinal plans and cross-sections for the Detour Lake deposit are posted on the Company's website www.detourgold. com/Projects/Detour Lake or http://www.hdgold. com/dgc/LatestDrill Results.asp or on the home page "Explore Detour Lake".

Detour Gold's exploration program is being managed by Project Manager, Mr. Roger Aubertin, P.Eng., a Qualified Person within the meaning of National Instrument 43-101. Mr. Aubertin has verified and approved the data disclosed in this release, including the sampling, analytical and test data underlying the information. The Qualified Person for the resource estimate filed in December 2006 is Mr. Eric Kallio, P.Geo.

Samples are prepared and assayed at SGS Minerals Services in Don Mills, Ontario, Canada. Analysis for gold is done on sawn half core samples using fire assay (AA finish). Samples with higher grade gold (greater than 5 g/t) are re-assayed using the pulp and metallics procedures. Standard reference materials, blank and field duplicate samples are inserted prior to shipment from site to monitor the quality control of the assay data. For additional information on Quality Assurance and Quality Control, refer to the press release dated April 11, 2007.

Details on the current mineral resource are available in the Detour Lake Project December 2006 Technical Report posted on the Company's website or on SEDAR (www.sedar.com).



For further information, please contact:

Gerald Panneton, President and CEO
Tel: (416) 304.0800

Laurie Gaborit, Director Investor Relations
Tel: (416) 304.0581


Detour Gold Corporation, Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2040, Toronto, Ontario M5J 2J1

Forward-Looking Information

Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as "intends" 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 information includes statements regarding the Company's exploration plans with respect to the Detour Lake property and the estimation of mineral resources and are subject to such forward-looking 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 information. Such risks include gold price volatility, change in equity markets, the uncertainties involved in interpreting geological data, increase in costs and exchange rate fluctuations and other risks involved in the gold exploration and development industry as well as those risk factors discussed under "Risk Factors" in the Company's final prospectus dated January 22, 2007 available at www.sedar.com. There can be no assurance that forward-looking 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 Detour Gold. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Information Concerning Estimates of Mineral Resources

This news release uses the terms 'indicated' and 'inferred' resources. Detour Gold advises investors that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.



Detour Lake Project - Highlights of Drill Results

---------------------------------------------------------------------------
Au
Au Cut to Host
Hole No. Section From To Length Uncut 20 g/t Rock
No. (m) (m) (m) (g/t) (g/t) Unit
---------------------------------------------------------------------------
---------------------------------------------------------------------------
DG-07-92 18,750E 123.0 128.0 5.0 1.50 1.50
(Gap Zone) ---------------------------------------------------------
147.0 160.0 13.0 1.17 1.17
---------------------------------------------------------
181.0 192.0 11.0 2.04 2.04
---------------------------------------------------------
252.0 257.0 5.0 1.13 1.13
---------------------------------------------------------
282.0 287.0 5.0 3.69 3.69
---------------------------------------------------------
302.0 393.0 91.0 2.69 2.41 PF/MF Contact
---------------------------------------------------------
Inc. 349.0 349.5 0.5 25.06 20.00
---------------------------------------------------------
Inc. 385.0 386.0 1.0 30.88 20.00
---------------------------------------------------------
Inc. 386.0 387.0 1.0 32.34 20.00
---------------------------------------------------------
413.0 432.3 19.3 6.54 4.49 Upper Pillow
Flow
---------------------------------------------------------
Inc. 418.0 419.0 1.0 23.48 20.00
---------------------------------------------------------
Inc. 419.0 420.0 1.0 31.38 20.00
---------------------------------------------------------
Inc. 420.0 421.0 1.0 39.65 20.00
---------------------------------------------------------
Inc. 431.7 432.3 0.6 28.57 20.00
---------------------------------------------------------
482.0 487.0 5.0 1.62 1.62
---------------------------------------------------------
507.6 526.0 18.4 5.82 2.80 Upper Pillow
Flow
---------------------------------------------------------
Inc. 508.2 508.7 0.5 127.77 20.00
---------------------------------------------------------
Inc. 508.7 509.3 0.6 22.87 20.00
---------------------------------------------------------
551.0 556.0 5.0 2.25 2.25
---------------------------------------------------------------------------
DG-07-93 18,750E 75.0 95.0 20.0 1.38 1.38
(Gap Zone) ---------------------------------------------------------
138.0 151.0 13.0 0.93 0.93
---------------------------------------------------------
170.0 179.0 9.0 1.65 1.65
---------------------------------------------------------
192.0 197.0 5.0 1.68 1.68
---------------------------------------------------------
226.0 240.0 14.0 1.27 1.27
---------------------------------------------------------------------------
DG-07-98 18,800E 89.0 98.0 9.0 1.01 1.01
(Gap Zone) ---------------------------------------------------------
159.0 165.0 6.0 31.94 3.52 Upper Pillow
Flow
---------------------------------------------------------
Inc. 159.0 160.0 1.0 190.52 20.00
---------------------------------------------------------
200.0 221.0 21.0 1.71 1.71 Upper Pillow
Flow
---------------------------------------------------------
250.5 256.0 5.5 1.23 1.23
---------------------------------------------------------
358.0 387.0 29.0 0.90 0.90
---------------------------------------------------------
444.0 564.0 120.0 2.50 1.46 Upper Pillow
Flow
---------------------------------------------------------
Inc. 481.7 482.2 0.5 27.46 20.00
---------------------------------------------------------
Inc. 495.0 496.0 1.0 35.69 20.00
---------------------------------------------------------
Inc. 500.5 501.0 0.5 58.49 20.00
---------------------------------------------------------
Inc. 513.0 514.0 1.0 80.87 20.00
---------------------------------------------------------
Inc. 533.9 534.4 0.5 69.37 20.00
---------------------------------------------------------------------------
DG-07-104 18,800E 104.0 136.0 32.00 1.63 1.63 Upper Pillow
(Gap Zone) Flow
---------------------------------------------------------
Inc. 121.0 122.0 1.00 20.16 20.00
---------------------------------------------------------
215.0 225.0 10.00 22.89 3.78 Massive Flow
---------------------------------------------------------
Inc. 224.0 225.0 1.00 211.07 20.00
---------------------------------------------------------
293.0 310.0 17.00 1.49 1.49 Lower Pillow
Flow
---------------------------------------------------------
370.0 375.0 5.00 8.56 4.31
---------------------------------------------------------
Inc. 374.0 375.0 1.00 41.26 20.00
---------------------------------------------------------
387.0 402.0 15.00 1.75 1.75 Lower Pillow
Flow
---------------------------------------------------------
433.0 439.0 6.00 1.20 1.20
---------------------------------------------------------
464.8 470.0 5.20 11.31 4.40 Lower Pillow
Flow
---------------------------------------------------------
Inc. 468.0 469.0 1.00 55.92 20.00
---------------------------------------------------------
483.5 490.0 6.50 0.90 0.90
---------------------------------------------------------
527.0 539.1 12.10 2.13 2.13 Massive Flow
---------------------------------------------------------------------------

Note: All values above 20 g/t in the composite are reported in the table.
True width is estimated to be 65 to 75% of the drilled length."


About Pelangio

Pelangio is a gold exploration company active in the top-ranked mining jurisdictions in the world, Canada and Ghana. The Company's main focus is to advance its exploration programs on its premier land position in Ghana totaling 290 square kilometres, located on strike and adjacent to AngloGold Ashanti's Obuasi gold mine.

Pelangio also has a 49.6% equity interest in Detour Gold, which controls the Detour Lake advanced exploration project. The near-term objective of Detour Gold is to advance the Detour Lake project to development and production.

Reliance on Detour Gold and Forward-Looking Statements

The information contained in this press release is a verbatim extract of the press release issued by Detour Gold. Although Pelangio believes the information included in the press release to be generally reliable, the data has not been independently verified and Pelangio does not assume any liability for the accuracy or completeness of such information. Furthermore, as noted above in the verbatim extract, the press release may contain forward-looking information within the meaning of applicable securities laws. Such information includes the statements contained in the verbatim extract regarding Detour Gold's exploration and drilling plans, plans to update the mineral resource and the estimation of mineral resources and are subject to risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The risks include those that are set out above in the verbatim extract and those contained in Detour Gold's prospectus as noted above. See also, the risks set out in Pelangio's annual information form, management information circular and quarterly and annual management's discussion and analysis. There is no assurance that the forward-looking information contained in the press release will prove to be accurate. Accordingly, readers should not place undue reliance of the forward-looking information.

All of the information contained in the press release is qualified by this cautionary statement.

Contact Information

  • Pelangio Mines Inc.
    Ingrid Hibbard
    President & CEO
    (905) 875-3828 or Toll Free: 1-877-746-1632
    (905) 875-3829 (FAX)
    or
    Pelangio Mines Inc.
    Warren Bates
    Vice President Exploration
    (905) 875-3828 or Toll Free: 1-877-746-1632
    (905) 875-3829 (FAX)
    Email: info@pelangio.com
    Website: www.pelangio.com