Pelangio Congratulates the Detour Gold Team on its Updated Resource Estimate on
posted on
Jul 07, 2008 08:13AM
Ghana – Timmins – Red Lake ● World-class Gold belts
"Gerald Panneton's team at Detour Gold has once again exceeded our expectations in increasing the mineral resources at the Detour Lake project and proving that the deposit continues to hold significant upside potential," stated Ingrid Hibbard, Pelangio's President and Chief Executive Officer. "Detour Gold's excellent work to date has significantly increased the value of our investment and we intend to continue holding our investment as the project moves towards development and production."
About Pelangio
Pelangio is a gold exploration company active in the top-ranked mining jurisdictions in the world, Canada and Ghana. Pelangio's main focus is to advance its exploration programs on its premier land position in Ghana totaling 290 square kilometres, located on strike and adjacent to AngloGold Ashanti's Obuasi gold mine.
Pelangio also has a 44.6% equity interest in Detour Gold, which controls the Detour Lake advanced exploration project. The near-term objective of Detour Gold is to advance the Detour Lake project to development and production.
Contacts:
Pelangio Mines Inc.
Ingrid Hibbard
President & CEO
(905) 875-3828 or Toll Free: 1-877-746-1632
Pelangio Mines Inc.
Warren Bates
Vice President Exploration
(905) 875-3828 or Toll Free: 1-877-746-1632
Email: info@pelangio.com
Website: www.pelangio.com