Pelangio Exploration's Birch Lake Project To Be Optioned
TORONTO - Pelangio Exploration Inc. has entered into an earn-in agreement with First Mining Gold Corp. and Gold Canyon Resources Inc., a wholly-owned subsidiary of First Mining, on Pelangio's Birch Lake and Birch Lake West properties which is adjacent to First Mining's Springpole Gold Project, located approximately 120 km northeast of Red Lake, Ontario.
"We are delighted to have entered into the earn-in agreement with First Mining in this new and evolving gold camp. We believe that Pelangio's Birch Lake Project represents a high-grade gold exploration opportunity with significant potential to complement ongoing mine development at First Mining's Springpole Gold Project. We are looking forward to working with First Mining," said, Ingrid Hibbard, President and CEO. "This agreement unlocks the inherent value of this project for our shareholders while we concurrently explore and evaluate the discovery potential at Dome West and Gowan in Ontario, and at our Manfo and Obuasi projects in Ghana," she added.