| | Published : June 23rd, 2014 | Further Encouraging Results And New Discoveries, Pardo Gold Joint Venture, Ontario |
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Monday, June 23, 2014 Further Encouraging Results And New Discoveries, Pardo Gold Joint Venture, Ontario
Endurance Gold Corporation (EDG -- TSX.V, "Endurance") is pleased to announce that the operator of the Pardo Joint Venture property ("Pardo JV Property") has informed Endurance that additional channel sampling of the Eastern Reef Zone has been completed, and new areas of previously unknown surface gold mineralization have been identified on the Pardo JV property. Highlights from the Eastern Reef results include a sequence of 170 channel samples that assayed 2.9 grams per tonne ("g/t") gold over 85 metres and, a new zone of mineralized conglomerate with a grab sample assaying 117 g/t gold.
The Pardo JV Property is comprised of 16 claims located approximately 65 km northeast of Sudbury, Ontario. The operator of the Pardo JV Property program is Ginguro Exploration Inc. ("Ginguro") and as announced on May 5 2014, the 2014 Program includes prospecting, stripping and channel sampling, ground penetrating radar, and a radon gas survey. 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.
Eastern Reef channel sampling
Assays have been returned from 322 samples taken from the south block of the Eastern reef. Three separate channels were cut across the stripped outcrop. A map showing the location of these Eastern Reef samples has been posted on the company's web site at http://www.endurancegold.com/s/Pardo.asp. A summary of length weighted averages are as follows:
Eastern Reef South Block Length-weighted average sample assays |
Channel # |
Length (m) |
Au (g/t) |
Total samples |
CH-13-108 |
85 |
2.9 |
170 |
CH-13-115 |
56 |
2.7 |
112 |
CH-13-116 |
20 |
1.5 |
40 |
Due to the near flat lying nature of the sedimentary strata, it is not possible to cut samples across the gold-bearing strata. Samples are collected either parallel or perpendicular to the interpreted paleochannel direction. The channel lengths reported in this release represent the gold distribution over the surface area sampled and do not represent true thicknesses of the mineralized unit. According to the operator, the gold-bearing conglomerate on the Eastern Reef is estimated to have a true thickness of between 3 and 6 metres.
In addition to the South Block, the middle block of the Eastern Reef has also been tested with 6 channels totaling 57.5 meters tested and for which assays are pending.
New prospective zones on the Pardo JV property
The operator has also conducted prospecting, geological mapping and mechanical stripping, with a number of favorable results obtained. More than 8 notable finds have been made to date.
Of particular interest is the location of an extension to the south of the high grade 007 area, which was discovered during last year's field season. Located 75 meters south of the 007 area and below as much as 3 meters of overburden is a pyrite rich conglomerate with radiation counts similar to those observed at 007. An initial grab sample from this new area has returned an assay grading 117g/t gold. The rugged bedrock profile exposed by an excavator is not amenable to contiguous channel sampling. As a result, a series of representative grab samples has been collected and submitted for assay.
In the south western portion of the JV property, the gold-bearing boulder conglomerate layer has been identified for the first time in that area, known as the Western Reef Extension. At that area, very limited stripping has now been done and numerous occurrences have been located. This is illustrated on an additional map that can be found on the Company's web site. A few grab samples from this area have returned encouraging gold assays and in the coming weeks the area will be extensively stripped and channel sampled. Grab samples from this area ranged from trace to 3.9 g/t Au. Highlights consist of the following:
Western Reef Extension Grab sample highlights |
Sample # |
Au (g/t) |
E5437263 |
3.9 |
E5437266 |
2.2 |
E5437250 |
2.2 |
E5437206 |
1.7 |
Endurance is currently funding 36.5% and Ginguro 63.5% for the approved 2014 Program. The actual ownership percentage is currently the subject of an arbitration proceeding between Ginguro and 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
In the preparation of this news release, Endurance has relied on data compiled and completed by Ginguro as the operator of exploration programs, and summarized to the Company. Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43-101 and supervised the compilation of the technical information provided by Ginguro and forming the basis for this release. Bedrock grab samples are selective by nature and are unlikely to represent average grades.
Ginguro reports that Pardo JV channel and grab samples are transported in security sealed bags for preparation at AGAT Prep Lab located in Sudbury, Ontario. Prepped samples are shipped for analysis to the AGAT Assay Laboratory in Mississauga, Ontario. AGAT Laboratories Ltd. is an ISO 17025 registered laboratory. Samples are analyzed by industry standard 50 gram fire assay fusion with atomic absorption spectroscopy (AAS) finish, and a gravimetric finish on samples exceeding 10 g/t gold. The channel samples were assayed using a modified pulp metallic assay procedure. The entire sample was crushed and pulverized to 85% passing 100 mesh. The +100 mesh material was fluxed and assayed in its entirety, while two 50 g aliquots of the -100 mesh undersize pulp were cut out and fire assayed. Results were reported as a weighted average of gold in the three fractions. Ginguro reports that they insert a certified reference standard or an analytical blank in every batch of 20 samples and that validation parameters are established in the database to ensure quality control.
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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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 |
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10/28/2013 | (Pardo)Responds To Arbitration Notice Respecting The Pardo Joint V... |
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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... |
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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... |
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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 |
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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 |
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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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