TORONTO, ONTARIO--(Marketwire - Jan. 16, 2008) - Pelangio Mines Inc. (TSX: PLG.TO) ("Pelangio"; or the "Company") has been advised by Detour Gold Corporation ("Detour Gold") that it has released drill results from the first 34 holes of the Phase II drilling program at its Detour Lake property in northern Ontario. Detour Gold started Phase II drilling in July 2007 and thus far has completed 181 holes totaling 63,432 metres (including 15 holes abandoned totaling 1,290 metres).
Pelangio has a 49.4% equity interest in Detour Gold (20 million shares). Detour Gold issued a press release today, the verbatim text of which follows:
"Detour Gold Reports First Results of 2007 Phase II Drilling at its Detour Lake Property in Northern Ontario, Canada (DG-07-157 intersects 2.28 g/t over 75.5 m in Calcite Zone)
Detour Gold Corporation (TSX: DGC.TO) ("Detour Gold" or the "Company") is pleased to report the drill results of the first 34 holes from its Phase II drilling program at its Detour Lake property in northern Ontario. The Company started Phase II drilling in July 2007 and thus far has completed 181 holes totaling 63,432 metres (including 15 holes abandoned for 1,290 metres). There are six (6) active drill rigs on site; four of which are on the Phase II program and two on the exploration program.
The 2007-08 Phase II program will total approximately 110,000 metres and is expected to be completed in the second quarter of 2008. As announced last week, approximately 50,000 metres was added to this program to expand the deposit west of the Calcite Zone and to follow up on additional mineralization that was found in the hanging wall during the 2007 campaign. The Company is planning on releasing a mineral resource update by mid-2008, which would include Phase I and approximately half of Phase II drilling.
Successful results were obtained in the Calcite Zone where four (4) of six (6) holes returned gold grades ranging from 1 to 2 g/t over wide intervals of 50 metres or more. The Calcite Zone is relatively untested with only 14 holes drilled in Phase I and remains open to the west for another 1.5 kilometres. In the Gap Zone, eight (8) of the nine (9) drill holes (including one abandoned) tested only a small portion of the mineralized corridor, near the upper level of the Chert Marker Horizon (CMH) and footwall zone. In the West Pit area, assays from 19 holes (including two abandoned holes) continue to return excellent and consistent results.
The best mineralized (uncut) intervals encountered are shown below.
West Pit:
------------------------------------------------------------------------
DG-07-128 DG-07-129 DG-07-135 DG-07-140
--------- --------- --------- ----------
14.22 g/t 4.85 g/t 1.38 g/t 43.82 g/t
over 7.0 m over 17.7 m over 52.0 m over 9.0 m
5.34 g/t
over 10.0 m
DG-07-144 DG-07-146 DG-07-147A
--------- --------- ----------
1.56 g/t 1.99 g/t 2.52 g/t
over 75.0 m over 59.0 m over 35.0 m
Calcite Zone:
------------------------------------------------------------------------
DG-07-138 DG-07-142 DG-07-145 DG-07-157
--------- --------- --------- ---------
1.38 g/t 1.34 g/t 1.14 g/t 2.28 g/t
over 50.0 m over 48.0 m over 56.0 m over 75.5 m
On December 11, 2007, Detour Gold reported a resource update that included Phase I drilling. The open pit resource (capped at 20 g/t gold) contains 4.8 million ounces of gold in the measured and indicated categories (89.9 million tonnes grading 1.67 g/t) and 3.0 million ounces of gold in the inferred category (63.3 million tonnes grading 1.49 g/t), using a gold price of US$575 per ounce (equivalent to a cut-off grade of 0.64 g/t gold). The current resource is contained within one large pit, located in the area of the former Detour Lake mine, which produced 1.8 million ounces of gold from 1983 to 1999.
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/LatestDrillResults.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 December 2007 mineral resource was prepared by Thon Consulting and audited by Michael W. Kociumbas, P.Geo., Vice-President of Watts, Griffis and McOuat Limited. The NI 43-101 Technical Report is expected to be filed by the end of January.
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 Press Release dated December 11, 2007, which is posted on the Company's website or on SEDAR ( www.sedar.com).
For further information, please contact:
Gerald Panneton, Laurie Gaborit,
President and CEO Director Investor Relations
Tel: (416) 304-0800 Tel: (416) 304-0581
Detour Gold Corporation, Royal Bank Plaza, North Tower,
200 Bay Street, Suite 2040, Toronto, Ontario M5J 2J1
