TORONTO, ONTARIO--(Marketwire - Oct. 17, 2007) - Pelangio Mines Inc. (TSX:PLG - News; "Pelangio" or the "Company") has been advised by Detour Gold Corporation (TSX:DGC - News) that it has released drill results from an additional 25 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 101 holes (75%). Drilling resumed on July 9 for a Phase II drilling program consisting of an additional 50,000 metres. As of yesterday, 128 holes totaling 42,279 metres have been completed in Phase II, for a combined total of 262 holes (91,601 metres) thus far 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 Corporation (TSX:DGC - News; "Detour Gold" or the "Company") is pleased to report the drill results of an additional 25 holes from its completed Phase I drilling program at its Detour Lake property in northern Ontario.
The objective of the 2007 drilling campaign of 100,000 metres (Phase I and II) is to better define and expand the 2006 mineral resource, using a 40 metre by 40 metre drill spacing. In Phase I, the Company completed 134 holes totaling 49,322 metres and has now released the assays for 101 holes (75%) with excellent and consistent results.
The Phase II drilling campaign of 50,000 metres, which started on July 9, is 86% complete with five drill rigs running. As of yesterday, 128 holes totaling 42,279 metres have been completed in Phase II, for a combined total of 262 holes (91,601 metres) thus far in 2007.
With 75% of Phase I drill results now released, 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.
Mr. Gerald Panneton, President and CEO, commented: "To date, the assay results have successfully confirmed the continuity of the gold mineralization along the known 2.5 kilometres east-west 200 metre wide corridor, extending from the West Pit to the Calcite Zone resource blocks. With strong results announced from the Gap Zone (area between the two proposed pits - West Pit and Calcite Zone), it is clear that this new mineralization will be incremental to the current resource base. In addition, drilling in the West Pit has converted waste to ore and found new structures, which will also increase the resource.
The Company remains on track for an updated mineral resource, in compliance with NI 43-101, at the end of 2007." From the results announced today, 17 holes (DG-07-48, 56, 57, 70, 71, 76, 78, 79, 81, 83, 85, 86A, 87, 88, 89, 90, and 91) were drilled in the Gap Zone (between the two US$450 open pits), and eight holes (DG-07-25, 25B, 27, 99, 102, 105, 107, and 109) were drilled within the West Pit within an area of limited or no previous drilling.
The best mineralized (uncut) intervals encountered are shown below. The mineralized corridor, tested over a strike length of 1.6 kilometres in Phase I, remains open west of the Calcite Zone and east of the West Pit along the Sunday Lake Deformation Zone (SLDZ). Gold mineralization within the corridor typically consists of multiple, subvertical, five to 25 metre wide zones grading between 1.0 to 3.0 g/t gold. High gold values are generally characterized by clusters of visible gold in quartz veins and pillow selvages within potassically altered mafic flows that contain a higher percentage of sulphide minerals.
From the results received to date, the Company has found additional gold mineralization in the Gap Zone (between the two US$450 open pits) and has successfully extended the Calcite Zone. Both areas had very limited drilling in the past. The results from the Gap Zone especially show the continuity of the mineralization between the West Pit and Calcite Zone.
The Company has awarded several contracts for the start of its feasibility study on the Detour Lake project (refer to press release dated October 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).
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/LatestDril... 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.
