More gold, yet another structure at Detour Lake

Pelangio Mines (PLG-V) has hit significant gold at the North Walter zone, part of its 100%-owned Detour Lake property 180 km northeast of Timmins, Ont.

Assays from three holes are highlighted by one hole that cut 9.57 grams gold over 2.6 metres at a depth of 111 metres (including a 0.64-metre intercept that graded 36.8 grams gold). A second hole intersected 5.3 grams gold over 3.8 metres at a depth of 121 metres. This includes 12.5 grams gold over 0.7 metres and 15.6 grams gold per tonne over 0.8 metres. Another hole hit 3 metres grading 4.7 grams gold at a depth of 140 metres.

The holes were drilled on section 16900E, from the same collar but at increasingly greater angles from 45-65. Visible gold was seen in two of these holes. It is associated with 15-25% quartz veins cutting silicified mafic volcanic rocks.

One hole was drilled 700 metres east of these holes, on the eastern edge of the anomaly. It failed to intersect significant grades. Assays are pending from another two holes that were drilled about 30 metres to the east and 30 metres to the west of the setup at section 16900E.

The latest drilling followed up on two holes that Pelangio drilled to intersect the anomaly earlier this year. Prior to that just two holes had been drilled over the 700-metre anomaly.

More drilling (12,000 metres) is planned beginning in November.

The M zone is 800 metres to the south on the Detour Lake Block A property. This area is under option from Pelangio by Trade Winds Ventures (TWD-V). The property is directly west of the past-producing Detour Lake mine (currently held by Pelangio).

During the past month Trade Winds has cut significant gold along a 700-metre strike length and two drills continue to test the zone. The M-zone structure has been cut over a 3.6-km strike and significant gold has been intersected over 2.8 km along this strike.

An upper M zone (up-dip of the original M zone) has been hit over an 850-metre strike length.

Selected assays include one hole at section 14000E that intersected 3.6 grams gold over 17 metres. This includes a 2-metre intercept that grades 21.4 grams gold per tonne. At 14500E one hole hit 13 grams gold over 4.4 metres. This includes a 0.7-metre interval that grades 69 grams gold per tonne. Another hole at 14700E cut 11.8 grams gold over 4 metres.

Visible gold was seen in numerous quartz veins. This is not always reflected by particularly high assays; for example hole 17 on section 14500E had a high assay of 3.47 grams gold over 0.85 metre even though visible gold was noted.

Six other holes intersected grades varying from 2.9-24.6 grams gold over widths of 0.4-8 metres.

The geometry of the M zone is complex and several holes cut multiple zones that are currently designated by names such as the hangingwall M zone, upper M zone, middle M zone, lower M zone, footwall M zone and Midway zone.

Holes are being drilled to define the upper M zone at 100-metre-intervals along sections from 14000E to 15000E. A hole drilled at 13200E failed to intersect significant gold.

Trade Winds is earning a half-interest in the Block A property.