Pengram Corp. (PNGM: OTC) Provides Shareholder Update
03 Dezembro 2010 - 3:27PM
Marketwired
Pengram Corp. (OTCQB: PNGM), an emerging mineral exploration
company strategically focused on gold is pleased to update
shareholders on the Company's gold claims.
Golden Snow Project
The Golden Snow Project consists of 114 unpatented mining claims
covering approximately 3.5 square miles 8 miles southwest of
Eureka, Nevada. The Golden Snow Project is contiguous to the
southern end of Staccato Gold's Lookout Mountain property, which
has identified several mineralized areas. Substantial exploration
work has been conducted on the Golden Snow Project. The data
contains clusters of anomalous gold showings. Management is
currently evaluating the data and will update shareholders on the
scope of the work planned in the near future.
Fish Project
The Fish Project consists of 58 unpatented mining claims
covering approximately 2 square miles 12 miles west of the historic
mining town of Tonopah, Nevada. Previous exploration work on the
Fish Project consisted of mapping and collecting rock samples. The
results of the rock samples ranged in values from less than 0.002
opt to 0.307 oz/ton gold, less than 0.01 opt to 32 oz/ton silver,
0.01% to 32.8% zinc and less than 0.01% to 16.4% lead.
CPG Project
The CPG Project consists of 44 unpatented mining claims covering
approximately 1.3 square miles within Mineral County, Nevada. The
property hosts an early stage porphyry and skarn type
copper-gold-molybdenum prospect where rock samples returned values
ranging from less than 0.001 opt to 0.036 oz/ton gold, less than
0.003 opt to 0.75 oz/ton silver, less than 0.005% to 13.65% copper
and less than 0.005% to 0.012% molybdenum.
In addition to the above mentioned properties Pengram has
optioned out to a Canadian Company the following two international
properties. The Monado Gold Property in Sulawesi Indonesia and the
Clisbako Property in the Cariboo Region of British Columbia,
Canada.
Manado Gold Property
Under an agreement dated August 24, 2010, Pengram has granted an
option to a Canadian Company to earn up to 63.35% interest in the
property, comprised of four mineral concessions totaling 300
hectares (approximately 741 acres). The Manado Gold Property is
three kilometers east of the Mesel, a past producing gold deposit
from 1996 to 2002. The previous owners of the Manado Gold Property
conducted a substantial exploration drilling program on the
property. From 1989 to 1999, the exploration drilling program
consisted of 115 diamond drill holes and 19 reverse circulation
holes for a total of 6,547 meters. These drilling programs
identified three main target zones that contain anomalous values of
gold mineralization.
Clisbako Property
Under an Option Agreement dated September 15, 2010 Pengram has
granted a Canadian Company an option to acquire up to 75% in the
Clisbako Property consisting of 10 contiguous mineral claims
covering approximately 3,400 hectares in the Cariboo Mining
Division of British Columbia. The Canadian Company will acquire its
interest by making payments, issuing shares and completing work
programs on the Clisbako Property.
About Pengram Corp.
Pengram Corp, (Pengram) is an advanced gold exploration company
searching the globe for outstanding gold properties. Our strategy
is to evaluate and acquire properties where previous work has been
conducted and have yielded positive results for the presence of
gold.
Forward Looking Statement:
This press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are based on the Company's current expectations as to
future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ.
Contacts: Pengram Corp. Richard W. Donaldson President,
Secretary and Treasurer 1-877-465-5355 info@pengramgold.com
Pengram (CE) (USOTC:PNGM)
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