High River Gold Mines Ltd HRIVF

and don't forget about HRG's interest in PLG

[lookingtogetrich]

This NR is great news for both companies. HRG currently owns 19% of PLG and is in charge of designing and managing their exploration program at Detour lake. If I were to place my bets, I would guess the PLG will be HRG's next takeover candidate..... _____________________________________________________________ High Grade Intersections from Calcite Zone West on Pelangio Mine Property at Detour Lake Thursday July 21, 9:00 am ET 200 Metres West of Pelangio's 297,304 Ounces of Gold, Shallow Inferred Resource in the Calcite Zone TORONTO, July 21 /CNW/ - Pelangio Mines Inc. (PLG: TSX-V) today announced results from seven diamond drill holes completed over a one kilometer strike length as part of the most recent drilling campaign on the Calcite Zone West (CZW), and located in the western portion of the Detour Mine property. Three of the holes completed on sections 17860E to 18020E, west of the Calcite Zone segment, returned high grade values of 53.0 g Au/t over 1.00 m, 16.61 g Au/t over 1.00 m, 16.40 g Au/t over 0.50 m, and are shown on the appended longitudinal section. This portion of the Calcite Zone West has been identified by the current drilling for 160 metres and is open to the west and at depth (with an interpreted plunge to the west). The mineralization is associated with strong pervasive potassic and carbonate alteration. The highlights of the drilling on the Calcite Zone West are shown in the table below: Table 1: Assay Highlights ------------------------------------------------------------------------- Hole No. Location Metric Imperial Zone Results Results ------------------------------------------------------------------------- Grade Length Grade Length g Au/t (m) oz. (feet) Au/t ------------------------------------------------------------------------- PM-65 18020E 2.73 6.00 0.08 19.69 CZW: HWZ ------------------------------------------------------------------------- 20115N 3.92 2.50 0.11 8.20 ---------------------------------------------- Includes 16.40 0.50 0.48 1.64 ---------------------------------------------- and 6.76 1.00 0.20 3.28 ------------------------------------------------------------------------- PM-67 17860E 53.00 1.00 1.55 3.28 CZW: HWZ ------------------------------------------------------------------------- 20075N 26.66 2.00 0.78 6.56 ---------------------------------------------- Includes 37.86 0.70 1.10 2.30 ---------------------------------------------- Includes 88.74 0.30 2.59 0.98 ------------------------------------------------------------------------- PM-68 17860E 8.85 2.00 0.26 6.56 CZW: FWZ 20150N ---------------------------------------------- Includes 16.61 1.00 0.48 3.28 ------------------------------------------------------------------------- PM-96 16980E 2.51 3.00 0.07 9.84 UM-MF Contact 20150N HW ---------------------------------------------- Includes 2.14 1.00 0.06 3.28 ---------------------------------------------- and 5.60 1.00 0.16 3.28 ------------------------------------------------------------------------- The Calcite Zone West is located approximately 200 metres west of the Calcite Zone, a wide zone which has been designated as an area for open pit evaluation, and 1.25 kilometres west of the West Pit Zone, both of which were subjects of the recently released Technical Report by E.A. Kallio detailing the Detour Mine property resources. All three zones have the same strike, and are on strike with each other. The Calcite Zone has a shallow inferred resource of 5,865,535 tonnes grading 1.58 g Au/t containing 297,304 ounces of gold; the West Pit Zone's shallow inferred resource of 9,426,924 tonnes grading 1.82 g Au/t contains 552,145 ounces of gold, and its shallow indicated resource of 2,479,658 tonnes grading 2.00 g Au/t contains an additional 159,797 ounces of gold. Eight diamond drill holes were also completed by Pelangio on two other zones (R Zone East (RZE) and BLT Zone) previously identified by Placer Dome. The R Zone East is located northeast of the open pit and was drilled with three holes between sections 20400E and 20600E (200 metres). The BLT Zone, located to the east of the mined area, received five holes over a strike length of 800 metres between sections 21000E and 21800E. Both zones returned a number of intersections which are listed in Table 2 (Significant Assays), and indicate that gold mineralization occurs in different horizons to a longitude 1,400 metres (BLT Zone) and 200 metres (RZE) to the east of the open pit. The appended composite longitudinal section of the Calcite Zone West details the recent Pelangio diamond drill holes, and a portion of Pelangio's proposed follow-up drilling program. Pelangio has implemented a quality control program to ensure proper handling, sampling, and analysis of drill core. NQ sized core is sawed, with half of the core in standard lengths of one metre, or locally adjusted to no less than 0.5 metres to accommodate significant geological contacts, being placed in security sealed bags and transported to the Accurassay sample preparation laboratory in Swastika, Ontario. Pulps are shipped to the Accurassay Laboratory (ISO-17025 certification) in Thunder Bay for analysis. The remaining half of the core is stored in a secure location at the Detour Lake site. Routine assaying is conducted on a one assay-ton subsample. All samples with significant veining, alteration, or visible gold, and all samples which returned greater than 10 g Au/t, were analysed with pulp and metallics. One duplicate, one blank and one standard were inserted into the sample stream for each 20 samples. High River Gold Mines Ltd. Is designing and managing Pelangio's exploration program at Detour Lake with Driffield Cameron, P. Geo. as the Qualified Person for the Project. To view map please click https://files.newswire.ca/406/Pelangio-illustrat.pdf About Pelangio Mines Pelangio is an advanced mineral exploration and development company with properties in Ontario and Quebec, Canada. Its most significant gold project is at Detour Lake in northeastern Ontario where more than 90 square miles of the Abitibi Greenstone Belt is held. Past production from the Pelangio ground by Placer Dome and Amoco totaled 1.7 million ounces of gold. The recently completed, National Instrument 43-101 compliant mineral resource estimation document has re-estimated the resource calculated by Placer Dome at the end of mine life, and is available in its entirety on www.sedar.com and on Pelangio's website at www.pelangio.com. A discussion on the historically estimated resource may be referred to in Pelangio's Management Discussion and Analysis dated March 31, 2005, filed on www.sedar.com. For additional information, please visit our Website at www.pelangio.com. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. TABLE 2: Significant Assays greater than 1.00 g Au/t (holes listed from west to east) ------------------------------------------------------------------------- HOLE LOCATION FROM TO CORE GRADE COMMENTS (ZONE) LENGTH (g Au/t) (m) ------------------------------------------------------------------------- PM-96 16980E 118 121 3.00 2.51 WKMF: (CZW) 20150N UM-MF Contact - HW ------------------------------------------------------------------------- Includes 118 119 1.00 2.137 WKMF ------------------------------------------------------------------------- and 120 121 1.00 5.594 KPF, 3% po-py ------------------------------------------------------------------------- PM-093 17140E 71 72 1.00 1.534 (CZW) 20200N 82.76 83.6 0.84 1.361 ------------------------------------------------------------------------- PM-091 17460E 62 63 1.00 1.739 MF, 15% QV: HW UM (CZW) 20150N ------------------------------------------------------------------------- 165 166 1.00 2.391 KPF, 5% po-py HW UM ------------------------------------------------------------------------- 236 240 4.00 3.211 FW UM ------------------------------------------------------------------------- Includes 236 237 1.00 5.950 KPF, 1% QV, 5% po-py: FW UM ------------------------------------------------------------------------- and 239 240 1.00 6.890 KPF, 4% QV, 5% po-py: FW UM ------------------------------------------------------------------------- PM-068 17860E 107 109 2.00 1.044 CPF, 2% QV, tr. (CZW) 20150N po-py ------------------------------------------------------------------------- 158 159 1.00 1.837 MF ------------------------------------------------------------------------- 189 191 2.00 8.851 PF with dike, less than 10% QV: CZW-FW ------------------------------------------------------------------------- 201 202 1.00 5.208 PF, 2% QV, tr. po-py ------------------------------------------------------------------------- PM-067 17860E 44 46 2.00 26.66 CZW-HW (CZW) 20075N ------------------------------------------------------------------------- Includes 44 44.7 0.70 37.861 KPF with II dike ------------------------------------------------------------------------- and 44.7 45 0.30 88.742 ------------------------------------------------------------------------- 104.6 106 1.40 1.497 WKMF, less than 5% QV, tr. po-py ------------------------------------------------------------------------- 133.27 134 0.73 1.772 MF ------------------------------------------------------------------------- PM-063 18020E 90 94 4.00 1.717 CZW-FW (CZW) 20065N ------------------------------------------------------------------------- Includes 90 91.22 1.22 4.138 KPF with dike, less than 4% po-py ------------------------------------------------------------------------- and 91.22 92.07 0.85 1.006 ------------------------------------------------------------------------- 120 121 1.00 1.796 KPF, 1% po-py ------------------------------------------------------------------------- PM-065 18020E 73 75.5 2.5 3.92 CZW-HW (CZW) 20115N ------------------------------------------------------------------------- Includes 73 74 1.00 1.50 ------------------------------------------------------------------------- and 75 75.5 0.50 16.369 CMF, 8% QV, 1% po-py, 15 VG ------------------------------------------------------------------------- Alterna- tively 75 81 6.00 2.73 CZW-HW ------------------------------------------------------------------------- Includes 80 81 1.00 6.755 CMF, 4% QV, 1% po-py ------------------------------------------------------------------------- 144 146 2.00 3.758 MF ------------------------------------------------------------------------- 162 165 3.00 1.642 CMF, less than 8% po-py ------------------------------------------------------------------------- 178 180 2.00 1.916 CMF, 1% QV ------------------------------------------------------------------------- PM-095 20400E NSV (RZE) 21000N ------------------------------------------------------------------------- PM-097 20400E 41 41.5 0.50 0.829 VC, tr. po-py (RZE) 20700N ------------------------------------------------------------------------- 100.77 101.23 0.46 2.122 MF ------------------------------------------------------------------------- 136 136.5 0.50 1.068 VC, 3% po-py, 1% cpy ------------------------------------------------------------------------- PM-064 20600E 70 71 1.00 1.076 KPF, 2% QV (RZE) 20675N ------------------------------------------------------------------------- PM-059 21000E NSV (BLT) 20090N ------------------------------------------------------------------------- PM-061 21200E NSV (BLT) 20090N ------------------------------------------------------------------------- PM-094 21400E 94 94.6 0.60 4.268 FZ, 2% QV, 0.50% (BLT) 20200N po-py ------------------------------------------------------------------------- 116.1 116.6 0.50 1.406 Gb, 6% QV, 2% po-py ------------------------------------------------------------------------- 121.5 122.0 0.50 2.285 Gb, 2% QV, 8% po-py ------------------------------------------------------------------------- PM-090 21800E NSV (BLT) 20200N ------------------------------------------------------------------------- PM-092 21800E 17.02 18.02 1.00 5.210 Gb (BLT) 20070N ------------------------------------------------------------------------- LEGEND -------------------------------------------- HWZ Hanging wall zone -------------------------------------------- FWZ Footwall zone -------------------------------------------- PF Pillowed mafic flow -------------------------------------------- MF Massive mafic flow -------------------------------------------- KPF Potassic pillowed mafic flow -------------------------------------------- WKMF Weakly potassic massive mafic flow -------------------------------------------- CMF Carbonatized mafic flow -------------------------------------------- CG Chloritic greenstone -------------------------------------------- II Intermediate intrusive -------------------------------------------- GB Gabbro -------------------------------------------- UM Ultramafic -------------------------------------------- SRFI Sericitic felsic intrusive -------------------------------------------- VC Volcaniclastic -------------------------------------------- BFZ Brecciated fault zone -------------------------------------------- VG Visible gold -------------------------------------------- QV Quartz vein -------------------------------------------- po Pyrrhotite -------------------------------------------- py Pyrite -------------------------------------------- cpy Chalcopyrite -------------------------------------------- TABLE 3: Drill Hole Information ------------------------------------------------------------------------- HOLE COLLAR AZIMUTH DIP FINAL NUMBER LOCATION (DEGREES) (DEGREES) DEPTH (METRES) ------------------------------------------------------------------------- PM-059 21000E 180 -50 192 20090N ------------------------------------------------------------------------- PM-061 21200E 180 -50 177 20090N ------------------------------------------------------------------------- PM-063 18020E 180 -50 148 20065N ------------------------------------------------------------------------- PM-064 20600E 180 -50 200 20675N ------------------------------------------------------------------------- PM065 18020E 180 -67 239.5 20550N ------------------------------------------------------------------------- PM-067 17860E 180 -50 198 20075N ------------------------------------------------------------------------- PM-068 17860E 180 -50 300 20150N ------------------------------------------------------------------------- PM-090 21800E 180 -70 158 20200N ------------------------------------------------------------------------- PM-091 17460E 180 -50 190.4 20150N ------------------------------------------------------------------------- PM-092 21800E 180 -50 209 20070N ------------------------------------------------------------------------- PM-093 17140E 180 -50 327 20200N ------------------------------------------------------------------------- PM-094 21400E 180 -50 158 20200N ------------------------------------------------------------------------- PM-095 20400E 180 -50 161 21000N ------------------------------------------------------------------------- PM-096 16980E 180 -50 189 20150N ------------------------------------------------------------------------- PM097 20400E 180 -50 209 20700N ------------------------------------------------------------------------- For further information Ingrid Hibbard, President, Pelangio Mines Inc., Tel: [phone], Fax: [phone], Email: [e-mail] Martti Kangas, Investor Relations, The Equicom Group Inc., Toronto, Tel: [phone] ext. 243, Fax: [phone], Email: [e-mail] Renmark Financial Communications Inc., John Boidman, Montreal, Tel: [phone], Email: [e-mail]