Surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01.
Assays from a total of 23 rock samples selected 1.5 km to 3 km south of Silver Eagle ranged from 6.5 g/t Ag to 549 g/t Ag, and from 0.15% Pb to 14.9% Pb. Average values from these selected dump, grab and channel samples were 117 g/t Ag and 4.9% Pb.
Pelangio Exploration Inc.'s board of directors has approved the option grant to buy 1,465,000 shares to directors, officers, employees and geological consultants of the company, which options are exercisable into common shares of the company at a price of 43 cents per share. Subject to the rules of the TSX Venture Exchange and the company's stock option plan, the options have a term of five years and will expire on Jan. 18, 2017.