Fri Jan 11, 2008
Pelangio Advised by Detour Gold of Start of 2008 Drilling Program and Appointment of Lead Feasibility Study Manager
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TORONTO, Ontario (January 11, 2007) - Pelangio Mines Inc. (PLG:TSX) ("Pelangio" or the "Company") has been advised by Detour Gold Corporation (DGC:TSX) that it has started its 2008 drilling program and announced the lead manager for the feasibility study at its Detour Lake project in northern Ontario.
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 Starts 2008 Drilling Program and Announces the Lead Manager for its Feasibility Study at its Detour Lake Property in Northern Ontario, Canada
Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") is reporting that its 2008 drill program started on January 7 with six (6) diamond drill rigs at its Detour Lake property in northern Ontario. The Company has added approximately 50,000 metres of diamond drilling to the Phase II program (for a total of 110,000 metres in Phase II) to expand the deposit to the west and follow up on the additional mineralization found in the hanging wall during the 2007 campaign. This drilling will be completed in the next five months with the objective of expanding the current mineral resource.
In the second half of 2007, Detour Gold completed 170 holes totaling 60,175 metres in Phase II (for a combined total of 304 holes totaling 109,497 metres in 2007). The Company will start releasing results from its Phase II drilling next week. The Company expects to announce a resource update by mid-2008, which will include a grand total of +100,000 metres from the 2007 Phase I and II.
In addition, the Company is starting a 12,000 metre exploration drilling program, targeting the 10 kilometre Sunday Lake Deformation Zone on the property, both to the east and west of the Detour Lake gold deposit.
Detour Gold has also retained Met-Chem Canada Inc., with the assistance of Micon International Ltd., independent mining and metallurgy consultants, to lead and manage the feasibility study, which is expected to be completed by the end of 2008. The Company has started to assemble a very competent team to complete the feasibility study, the members of which are summarized in the table below.
Area of Responsibility Consultant
Manager of Feasibility Study Met-Chem Canada
Pit design BBA
Mineral Resource Watts, Griffis and McOuat Ltd.
Metallurgy Melis Engineering & Micon International
Infrastructure Met-Chem Canada
Geotechnical Studies on Pit design Golder Associates
Process Design and infrastructure capital
costs, operating costs and economic analysis Met-Chem Canada
Feasibility Work in Progress
Golder Associates, under the management of Luiz Castro, has completed the geotechnical drilling for the proposed open pit mine. The oriented-core drilling program included eight holes totaling 2,889 metres. Piezometers were installed in three holes.
Approximately 4,092 metres of core was drilled for metallurgical (comminution) testwork. Samples from this drilling are being shipped to SGS Lakefield ("Lakefield") of Lakefield, Ontario. Under the supervision of Melis Engineering Ltd. of Saskatoon, Saskatchewan, Lakefield is currently testing approximately 250 composite samples comprising a full geo-map profile of the deposit (2.5 kilometres long by 250 metres wide). A total of 703 diamond drill hole intersections, comprising 2,710 assay rejects samples, will be used to verify gold recoveries and grade variability throughout the deposit. Historical gold recoveries in the open pit (low-grade), operated from 1983 to 1987, averaged between 92% and 94% with a low tail residue grade of 0.13 g/t Au.
Detailed mine design and pit optimization is being conducted by Patrice Live, Eng., from Montreal-based Breton, Banville & Associates (BBA).
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. |
