Pelangio Exploration Inc.

Ghana – Timmins – Red Lake ● World-class Gold belts

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Message: ......6.75 oz / ton over 8 ft.f
1
Jan 30, 2009 06:34AM
Birch Lake

Located in Northwest Ontario, Red Lake Mining District. Birch Lake is approx. 120 km NE of the Town of Red Lake, in the Birch Uchi greenstone belt. Trade Winds is earning a 60% interest in the Birch Lake highgrade island gold property. Earn in to be completed by Sept 2008.




Overview



The Birch Lake property contains a greenstone-hosted vein type structure similar to geological features present at Gold Corp’s Red Lake Mine.
Significant development by Placer Dome between 1986 and 1996 including 110 drill holes totalling 19,918 metres, together with mapping, IP, trenching, geological, geochemical and ground geophysical surveys.

Exploration Details
Five parallel vein structures, over 40 metres total width and open to depth, have yielded intercepts of multi-ounce mineralization (see Assay Results).
$500,000.00 drill program planned for summer 2008.



Metric
Imperial
229.9 g/t over 2.45 metres
6.75 oz/t over 8 feet
209 g/t gold over 1 metre
6.14 oz/t gold over 3.3 feet
115.9 g/t over 2.9 metres
3.4 oz/t over 9.5 feet
109 g/t gold over 1 metre
3.2 oz/t gold over 3.3 feet
41.60 g/t gold over 1.35 metres
1.22 oz/t gold over 4.4 feet
21.22 g/t over 2.35 metres
0.62 oz/t over 7.7 feet
4.15 g/t gold over 3.3 metres
0.12 oz/t gold over 10.8 feet
1.65 g/t gold over 6 metres
0.051 oz/t gold over 36.1 feet
I will contact IR Dept.and try to find out what their drilling plans are for this area along with Obuasi property. I copied this from Trade Winds sight which shows the owner ship of 60%, but more recently PX, i believe now has 100 %. Gold now being reconized as a currency will sure draw attention to the junior gold market and if PX can repeat these grades then PX will sure attract some attention.Traps7

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Feb 03, 2009 09:20AM
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