Pelangio Enters Option
Agreement to Acquire the
Dalton Property in Timmins, Ontario
Pelangio Exploration Inc. (TSX.V: PX; OTC PINK: PGXPF) announced that it has entered into an option agreement to acquire a 100% interest in the mineral rights to all, or a portion of, 24 patented claims, located in Timmins, Ontario, (the “Dalton property”) from Rita Kean, the Estate of Jack Kean and the Estate of Glady McLellan (collectively the (“Kean Group”)) and 2522962 Ontario Inc. (“5SD Capital”).
“We are very excited about the Dalton property, and we are anxious to explore the potential of this property, located in the heart of the Timmins gold camp, only 1.5 km southwest of Goldcorp’s Hollinger Open Pit,” stated Ingrid Hibbard, President and CEO of Pelangio. “The legendary Hollinger mine has produced over 19 million ounces of gold since 1910.”
About Pelangio Exploration
Pelangio successfully acquires and explores camp-sized land packages in world-class gold belts. The Company operates in both Canada and Ghana, West Africa, an English-speaking, common law jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa. The Company is exploring three 100%-owned camp-sized properties: the 25km2 Birch Lake Property located adjacent to First Mining’s Springpole Gold Project, the 100 km2 Manfo Property, the site of seven recent near-surface gold discoveries, and the 284 km2 Obuasi Property, located 4 km on strike and adjacent to AngloGold Ashanti’s prolific high-grade Obuasi Mine.
To read the full press release and to view the location of the Dalton Property in relation to the Hollinger Open Pit project Click Here
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