| | Published : June 02nd, 2014 | Elects to Participate in 2014 Pardo Joint Venture Program And Announces Annual General Meeting Resul |
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Monday, June 02, 2014 Endurance Elects to Participate in 2014 Pardo Joint Venture Program And Announces Annual General Meeting Results
Endurance Gold Corporation (EDG -- TSX.V, "Endurance") announced today that the Company has elected to participate in the Pardo Joint Venture ("JV") 2014 exploration program ("2014 Program") with Ginguro Exploration Inc. ("Ginguro"). As announced on May 5 2014, Endurance and Ginguro have agreed that, pending the resolution of the arbitration hearing, Endurance will initially participate at a "funding level" of 36.5% and Ginguro at 63.5% for the approved 2014 Program with a budget of $1.3 million.
In order to see the 2014 Program advance, the parties have agreed that:
- Endurance will have 120 days from the date of approval of the program to procure the funding required for its share of JV expenditures.
- no interest is payable on any cash calls from the operator until the 30 days after any agreement by the parties, or decision by the arbitrator as to the parties' respective JV interests.
- No penalty dilution provisions will be effective until December 31, 2014.
Ownership percentages at the time of the formation of the JV in 2012 were Ginguro 55% and Endurance 45%. The "funding level" agreed by the parties in order to facilitate the commencement of the 2014 Program does not reflect the parties' actual JV interests, which will be determined in the arbitration and, at that time, a reconciliation of the contributions will occur. While Endurance and Ginguro are currently in arbitration regarding the JV ownership percentages and some matters related to the JV operation, both parties recognize the importance of continuing exploration and not losing the upcoming field season.
As announced on May 5 2014, initial work on the JV will continue the program of prospecting, stripping and channel sampling started last year by Ginguro, which led to the high grade gold discoveries of the 007 and Eastern Reef Zones. The 2014 Program also includes geophysical assessment by ground penetrating radar of the sedimentary rocks associated with the gold bearing layers and a radon gas survey that will be used to search for buried high grade gold shoots similar to the 007 Zone. In addition, a study of the primary distribution of gold on the Pardo JV claims will be undertaken. It is anticipated that the study, which will include drilling of new boreholes as well as special large diameter holes, will establish the technical framework for future drilling to assist in defining any mineral resource.
Endurance is also pleased to announce that 66.69% of shareholders attended by proxy at the Annual General Meeting convened on May 30, 2014 with all resolutions approved, including 99.95% of disinterested shareholders voting in favour of two new control persons for the Company.
About Endurance
Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits. The Company's exploration focus, for projects operated by Endurance, is intrusive-related mineral systems with potential for discovery of major new precious or rare metals deposits, and its business plan offers shareholders exposure to several majority-owned exploration projects with significant discovery potential such as the Elephant Gold Property in Alaska, the Rattlesnake Hills Gold Property in Wyoming, and the Bandito Rare Earth-Niobium Property in the Yukon. Please visit www.endurancegold.com
ENDURANCE GOLD CORPORATION
Per: Robert T. Boyd President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT Endurance Gold Corporation (604) 682-2707, info@endurancegold.com www.endurancegold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results. | tr> |
Address: |
Suite 1700 - 750 West Pender Street Vancouver, BC Canada V6C 2T8 |
Phone: Fax: Email: |
604-682-2707 604-681-0902 info@endurancegold.com
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Data and Statistics for these countries : Canada | All Gold and Silver Prices for these countries : Canada | All
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Endurance Gold Corporation
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EXPLORATION STAGE |
CODE : EDG.V |
ISIN : CA29267M1086 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Endurance Gold is a gold development stage company based in Canada. Its main exploration properties are CARTER in USA and ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO and DOGPAW LAKE in Canada. Endurance Gold is listed in Canada. Its market capitalisation is CA$ 15.2 millions as of today (US$ 11.2 millions, € 10.1 millions). Its stock quote reached its lowest recent point on January 16, 2009 at CA$ 0.01, and its highest recent level on July 15, 2022 at CA$ 0.57. Endurance Gold has 101 090 000 shares outstanding. |
Financings of Endurance Gold Corporation |
Nominations of Endurance Gold Corporation |
Financials of Endurance Gold Corporation |
Project news of Endurance Gold Corporation |
11/21/2013 | Completes 2013 Rattlesnake Hills Exploration Program in Wyom... |
10/28/2013 | (Pardo)Responds To Arbitration Notice Respecting The Pardo Joint V... |
9/24/2013 | (Pardo)Final Gold Assays At 007 And Eastern Reef Zones Pardo Gold J... |
9/3/2013 | Initiates 2013 Rattlesnake Hills Exploration Program, Wyomin... |
4/10/2013 | Significantly Expands Rattlesnake Hills Gold District Proper... |
4/4/2013 | Partner Proceeds with McCord Creek Gold Property Option, Ala... |
1/21/2013 | (Bandito)to Acquire 100% Interest in the Bandito Heavy Rare Earth Nio... |
9/11/2012 | (Pardo)Drilling Commences on Pardo Gold Joint Venture, Ontario |
8/1/2012 | Doubles Size of McCord Creek Gold Property, Alaska |
5/2/2012 | Identifies Partner To Fund The McCord Creek Gold Property, L... |
4/25/2012 | Soil Anomalies Discovered on the McCord Creek Property, Live... |
3/29/2012 | (Pardo)Enters Into Joint Venture On Pardo Gold, Ontario |
2/27/2012 | Expands Land Position on Elephant Gold Prospect, Alaska |
9/19/2011 | (Bandito)Drilling Commenced on the Bandito Property |
9/8/2011 | (Bandito)Copper, Rare Earth and Niobium Prospects Discovered Bandito ... |
8/17/2011 | Exploration Commenced on the Mccord Creek Gold Property, Liv... |
7/25/2011 | (Bandito)Exploration Commenced On The Bandito Rare Earth And Nickel P... |
3/3/2011 | (Bandito)Additional Staking Further Increases Size of the Bandito Pro... |
8/24/2010 | (Dogpaw Lake)New High Grade Gold Zone Discovered on Dogpaw Lake Joint Ven... |
6/29/2010 | (Pardo)2010 Drilling Commenced |
1/13/2010 | Ginguro Reports High Grade Grab Sample Results On Endurance ... |
11/23/2009 | (Nechako)Nechako Drill Program Results |
10/27/2009 | (Nechako)Completes Drilling on the Nechako Gold Project, B.C., and Ge... |
8/18/2009 | (Pardo)Commences Work On Endurance Pardo Property |
2/20/2008 | (Pardo)Pardo Cyanide Leach and Screen Fire Metallic Analytical Resu... |
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Corporate news of Endurance Gold Corporation |
7/23/2016 | Endurance Closes First Tranche of Private Placement |
6/30/2016 | Endurance Gold Announces Private Placement of $500,000 |
6/29/2016 | Endurance Announces Update On Rattlesnake Hills District, Wy... |
5/26/2016 | Endurance Announces Grant Of Stock Options |
10/20/2015 | Endurance Confirms No Material Change |
10/13/2015 | Endurance Closes the Sale of Rattlesnake Hills Property, Wyo... |
8/10/2015 | Endurance Announces Sale of Rattlesnake Hills Property, Wyom... |
6/11/2015 | Exploration Commenced - Elephant Mountain Intrusive-Hosted G... |
4/20/2015 | Significant Intrusive-Hosted Gold Targets Confirmed - Elepha... |
4/7/2015 | Endurance Gold Announces Private Placement of $500,000 |
3/10/2015 | Endurance Announces Start Of Drilling - Pardo JV, Ontario |
1/20/2015 | Endurance Announces Winter Drill Program - Pardo JV, Ontario |
1/15/2015 | Endurance Announces Winter Drill Program - Pardo Jv, Ontario |
11/20/2014 | Endurance Provides Update From The Pardo Joint Venture, Onta... |
11/20/2014 | Endurance Provides Update from the Pardo Joint Venture, Onta... |
10/30/2014 | Endurance Closes Private Placement Of $650,000 |
10/20/2014 | Endurance Provides Further Update From The Godzilla Zone, Pa... |
10/16/2014 | Endurance Announces Re-Pricing And Increase Of Private Place... |
9/29/2014 | Endurance Reports 25 Metres of 3.4 Grams Per Tonne Gold from... |
1/13/2014 | Encouraging Gold Results In Intrusive - Elephant Mountain Go... |
12/19/2013 | (Pardo)Pardo JV Operator Provides Clarifying Disclosure on Eastern ... |
12/3/2013 | Serves Defense and Counterclaim - Arbitrator Appointed |
9/6/2013 | (Pardo)Further Results At Eastern Reef Zone Discovery, Pardo Gold J... |
8/29/2013 | (Pardo)Further High Grade Gold at 007 Zone Discovery, Pardo Gold Jo... |
8/15/2013 | (Pardo)New High Grade Gold Discoveries On Pardo Gold Joint Venture,... |
11/5/2012 | (Bandito)New "Heavy" Rare Earth And Niobium Discoveries At Bandito, Y... |
9/27/2012 | Wide Low Grade Gold Zone Discovered on Flint Lake (Dogpaw) J... |
1/9/2012 | Acquires Intrusive-Hosted Gold Prospect In Alaska |
10/12/2011 | Trench Returns 2.65% Treo+Y over 6 Meters |
6/1/2011 | (Bandito)2011 Bandito Rare Earth and Nickel Program Initiated |
5/24/2011 | (Bandito)Bandito Rare Earth Alteration System Expanded Nine Square Ki... |
5/11/2011 | Creates Technical Advisory Committee |
3/17/2011 | Closes Private Placement Of $540,000 |
4/12/2010 | President and CEO Duncan McIvor Passes away |
11/13/2009 | Granted State Leases Totaling An Additional 2,560 Acres In R... |
6/26/2009 | Identifies Gold Mineralization On 100% Owned Gold Properties... |
2/1/2008 | Virginia Silver Property Optionor Mega Silver Inc. Completes... |
1/28/2008 | Retains Renmark Financial Communications Inc. |
11/5/2007 | Commences Aerial Survey Of Pardo Property; Provides Turner ... |
8/20/2007 | Completes 56 Holes at Pardo |
7/12/2007 | Moves Drill To Pardo For 80 Hole Program |
5/24/2007 | Stakes Additional Claims Near Pardo And Turner Properties |
3/28/2007 | Stakes Additional 175 Claim Units Around Turner Property |
3/28/2007 | Options Remaining Dogpaw Lake Area Claims To North American ... |
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