Dome West, Porcupine Mining District – Timmins Mining Camp

Highlights

  • 800 metres west of Newmont’s Dome Mine, one of the Timmins camp’s largest gold producers
  • Adjacent to both the Dome Mine property and the former Paymaster Mine property
  • Intersected a mineralized interval that returned 3.21 g/t gold (“Au”) over 1.25 meters including a higher grade intercept of 4.754 g/t Au over 0.75 meters
  • Confirmed the presence of seven new quartz veins within known prospective stratigraphy extending from the Dome and Paymaster mines
  • Some of these quartz veins are proximal to numerous altered porphyry intrusives

Ownership

  • Under option from Francois Desrosiers and to 6398651 Canada Inc. to acquire a 100% interest
  • Mineral rights to 10 mining cells covering approximately .56 sq km

Property Details

The Dome West property, formerly controlled by Central Porcupine Mines Ltd., is a strategic land holding that is adjacent to both the former Paymaster Mine property and Newmont's Dome Mine (Source: Ont. Dept of Mines Map 449B, Ferguson, 1969). The Dome West property is located approximately 800 metres west of the Dome Mine (See Maps 1 and 2: Location of the Dome West property in reference to the Dome Mine and other strategically located mine properties with historical production, shown below).

The results of Pelangio Exploration's initial diamond drill program are as follows,

HIGHLIGHTS

  • Intersected a mineralized interval that returned 3.21 g/t gold (“Au”) over 1.25 meters including a higher grade intercept of 4.754 g/t Au over 0.75 meters
  • Confirmed the presence of seven new quartz veins within known prospective stratigraphy extending from the Dome and Paymaster mines
  • Some of these quartz veins are proximal to numerous altered porphyry intrusives

“We are truly excited and encouraged by the results of this initial 543 meter drill hole. It represents our first pass in evaluating the prospectivity of the Dome West property. We are particularly pleased with the intersection of seven separate veins, two of which returned gold values and the presence of visible gold. With these results, we plan to extend the diamond drill program to further evaluate the P1 target area in the upcoming winter months”, commented Ingrid Hibbard President and CEO of Pelangio.

Pelangio's Dome West property is located within the main Timmins camp approximately 800 meters west of the Dome super pit and approximately 500 meters northwest of the former Paymaster shaft. Pelangio completed a single 543 meter drill hole on the property, representing the first and deepest hole on the property since the late 1930's. The purpose of the recent hole (DW1901) was to evaluate the strike extension of a prospective porphyritic intrusive sill interpreted to extend from the former Paymaster Mine and also test for potential new vein systems in prospective stratigraphy extending from the Dome and Paymaster Mines.

The gold intersection obtained during the recent drilling (3.21 g/t Au over 1.25 m) was associated with quartz stringers and up to 5% pyrite in a strongly altered leucoxene bearing mafic flow extending from 407.00 to 476.75 meters. Also, of note, were two small specks of visible gold observed in a small vein at 260.75 to 260.87 meters; this vein was also hosted in an altered leucoxene bearing flow. The original assay from 260.70 to 261.00 meters returned <0.005 g/t gold but a subsequent gold fire assay metallic screen analysis returned 0.48 g/t gold over 0.30 meters. The coarse fraction of the screen analysis (Au+100 mesh) returned 6.67 g/t gold confirming the presence of the visible gold observed. The vein with visible gold was within 1 meter of an altered quartz eye porphyry dyke contact.

It should be noted that reference material on the adjoining Dome Mine (Rogers, D., CIM Paper, 1982) indicates that early diamond drilling on many productive mined vein systems did not accurately reflect the eventual mined grade of a vein. Underground development was often required to accurately reflect the grade of a vein system. Consequently, Pelangio is encouraged that its early stage drilling intersected seven separate veins in its first drill hole - two of which were gold bearing. 


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