Pelangio Mines Inc.
TSX : PLG

Pelangio Mines Inc.

October 11, 2007 14:43 ET

Pelangio Exploration Update

TORONTO, ONTARIO--(Marketwire - Oct. 11, 2007) - Pelangio Mines Inc. (TSX:PLG) ("Pelangio" or the "Company") is pleased to give an update on its exploration properties in Ghana and Ontario, Canada.

Obuasi Property, Ghana

Pelangio completed 19 diamond drill holes totaling 2,038 metres at its Obuasi property in Ghana. The Company has an option to earn a 100% interest in three prospecting licenses covering approximately 290 square kilometres, immediately northeast and east of AngloGold Ashanti's Obuasi gold mine. Results of the drilling program will be announced this month.

An airborne survey program covering the extension of the Obuasi mine Main Mine Trend is being flown at this time. The 1,600 line kilometre program will consist of VTEM electromagnetic and magnetometer measurements. The airborne survey will serve as a structural mapping tool to define sheared argillites that are similar to the Obuasi gold mine located 2.5 kilometres southwest of Pelangio's property boundary. A portion of AngloGold Ashanti's ground will also be flown for orientation purposes.

Pelangio is continuing with its trenching, soil sampling and prospecting program on several other target areas. The Brofoyeduru East and West gold targets, located on the Central Trend in the southeastern portion of the property, will be the subject of a prospecting and trenching program later on this year. These targets were defined by follow-up gold-in-soil anomalies. Approximately seven kilometres northwest of the Brofoyeduru target, in the north-central and northern parts of the Meduma concession, the Company is carrying out a follow-up soil sampling and prospecting programs on a 100 metre by 25 metre grid.

Seeley Property, Ontario

Pelangio's 100% owned Seeley property comprises 19 contiguous unpatented mining claims (760 acres) located within the Seeley Lake and Page Lake areas, approximately 14 kilometres northeast of Marathon, Ontario. The Company is planning to start a 1,600 metre diamond drilling program in November. The program will investigate gold mineralization intersected in a 1997 drill hole completed by Pelangio, which returned 4.71 g/t gold over one metre, and several zinc and alteration anomalies that are characteristic of VMS (Volcanogenic Massive Sulphide) mineralization.

Black Property, Ontario

Pelangio's 100% owned Black property includes leased and staked mining claims totaling approximately 640 acres in the Black Township, approximately 100 road kilometres east of the City of Timmins, Ontario. Historic reports indicate that there are two known gold mineralized zones on the property that merit exploration. The Company is expected to complete a ground geophysical survey covering 22 line kilometres (V.L.F., magnetics, and induced polarization) by the end of October. Based upon the results of the survey, a drill program would be performed in the winter 2007-2008.

Pelangio's exploration program in Ghana is being managed and supervised by Mr. Chris Pegg, P. Geo, consultant for the Company, Qualified Person within the meaning of National Instrument 43-101. Mr. Warren Bates, Vice President Exploration, P. Geo., is the Qualified Person for Pelangio's projects in Canada.

Detour Gold Corporation

Pelangio has a 49.6% equity interest in Detour Gold Corporation ("Detour Gold") (20 million shares). Detour Gold issued a press release today announcing that it has awarded several contracts for the start of its feasibility study at its Detour Lake property in northern Ontario:

(1) Open pit geotechnical investigations: The contract for pit slope design was allocated to Golder Associates under the management of Luiz Castro from their Mississauga office;

(2) Metallurgical testwork on the Detour Lake deposit will be conducted by SGS Lakefield of Lakefield, Ontario under the supervision of Melis Engineering Ltd. of Saskatoon, Saskatchewan;

(3) Detailed mine design and pit optimization will be conducted by Patrice Live, Eng., from Montreal-based Breton, Banville & Associates (BBA); and

(4) ARD (Acid Rock Drainage) testing is scheduled to start in late October under the supervision of Mark Bednarz, BZ Environmental Consulting of Timmins, Ontario.

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.

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