| | Published : August 15th, 2013 | New High Grade Gold Discoveries On Pardo Gold Joint Venture, Ontario |
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Thursday, August 15, 2013 New High Grade Gold Discoveries On 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 it has recently made two separate finds of high grade gold mineralization at the Pardo paleo-placer gold property. The Pardo JV Property is comprised of 16 claims covering approximately 33 square kilometers and is located 65 kilometres northeast of Sudbury, Ontario. Endurance currently owns a 45% joint venture interest.
Two zones have recently been identified that have returned the highest-grade material found to date at Pardo. These zones, hosted in conglomerates, known as the "007 Zone" and the "Eastern Reef" are 600 meters apart and located in the north-central portion of the Pardo JV Property.
Diamond saw channels and grab samples have been taken to characterize the two zones. Preliminary sampling results are summarized in the attached tables 1, 2, and 3.
The 007 Zone appears to consist of two separate conglomerate units in a stacked sequence. A heavily mineralized pyritic conglomerate returned grab samples ranging from 25.3 to 245.0 grams per tonne (g/t) gold (Au), and 11 channel samples ran between 5.3 and 151.0 g/t Au. The observation of fine grained visible gold associated with pyritic conglomerate is common. The other 007 Zone conglomerate unit was sampled with 3 channels and assayed from 7.3 to 8.2 g/t Au.
The Eastern Reef conglomerate, which is located 600 meters northeast of the 007 Zone appears to be 3 to 3.5 meters thick and is well mineralized throughout. It has been channel sampled in 12 separate places, across a length of 150 meters. These channels ranged in gold values from 1.1 to 40.0 g/t.
Currently, the operator reports that mechanical stripping is extending both the 007 Zone and the Eastern Reef in order to uncover the full extent of the mineralization at surface. All exposed rock surfaces will then be washed to facilitate detailed mapping and comprehensive contiguous channel sampling. The size of the zones presently remains unknown. Ongoing and future work will serve to determine the full extent of these zones.
Endurance currently holds a 45 percent joint venture interest in the Pardo Property. The operator of the Pardo Property program is Ginguro Exploration Inc. ("GEG") with a 55 percent joint venture interest. A 2012 program was approved by the joint venture in April 2012.
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 Bandito Rare Earth-Niobium Property in the Yukon, the Elephant Gold Property in Alaska, and the Rattlesnake Hills Gold Property in Wyoming.
ENDURANCE GOLD CORPORATION
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 GEG as the operator of exploration programs. 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 GEG and forming the basis for this release.
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.
Table 1: 007 Zone -- Pardo JV Property Pyritic Boulder Conglomerate Unit |
Sample ID |
Type |
Length (cm) |
Au (g/t) |
CH-13-86 |
Channel |
45 |
76.7 |
CH-13-87 |
Channel |
30 |
102.0 |
CH-13-88 |
Channel |
45 |
71.7 |
CH-13-89 |
Channel |
45 |
60.6 |
CH-13-93 |
Channel |
45 |
34.7 |
CH-13-94 |
Channel |
45 |
151.0 |
CH-13-95 |
Channel |
45 |
89.5 |
CH-13-96 |
Channel |
45 |
68.2 |
CH-13-97 |
Channel |
45 |
5.3 |
CH-13-102 |
Channel |
45 |
28.2 |
CH-13-103 |
Channel |
45 |
31.7 |
PD-13-92 |
Grab |
N/A |
29.2 |
PD-13-93 |
Grab |
N/A |
186.0 |
PD-13-94 |
Grab |
N/A |
62.9 |
PD-13-95 |
Grab |
N/A |
46.6 |
PD-13-96 |
Grab |
N/A |
25.3 |
PD-13-97 |
Grab |
N/A |
72.4 |
PD-13-104 |
Grab |
N/A |
183.0 |
PD-13-105 |
Grab |
N/A |
245.0 |
PD-13-107 |
Grab |
N/A |
117.0 |
Table 2: 007 Zone -- Pardo JV Property Boulder Conglomerate Unit |
Sample ID |
Type |
Length (cm) |
Au (g/t) |
CH-13-99 |
Channel |
45 |
7.3 |
CH-13-100 |
Channel |
45 |
7.5 |
CH-13-101 |
Channel |
45 |
8.2 |
Table 3: Eastern Reef -- Pardo JV Property Boulder Conglomerate Unit |
Sample ID |
Type |
Length (cm) |
Au (g/t) |
Ch-13-72 (1) |
Channel |
30cm |
8.9 |
Ch-13-72 (1) |
Channel |
30cm |
12.5 |
Ch-13-72 (1) |
Channel |
30cm |
2.3 |
Ch-13-73 |
Channel |
30cm |
4.1 |
Ch-13-73 |
Channel |
30cm |
2.9 |
Ch-13-74 |
Channel |
25cm |
1.9 |
Ch-13-74 |
Channel |
25cm |
1.1 |
Ch-13-75 |
Channel |
30cm |
2.9 |
Ch-13-76 |
Channel |
30cm |
29.5 |
Ch-13-76 |
Channel |
30cm |
4.5 |
Ch-13-76 |
Channel |
20cm |
8.3 |
Ch-13-76 |
Channel |
20cm |
7.2 |
Ch-13-77 |
Channel |
20cm |
9.2 |
Ch-13-77 |
Channel |
20cm |
18.2 |
Ch-13-77 |
Channel |
20cm |
23.0 |
Ch-13-77 |
Channel |
20cm |
40.0 |
Ch-13-77 |
Channel |
20cm |
1.7 |
Ch-13-77 |
Channel |
20cm |
4.7 |
Ch-13-77 |
Channel |
20cm |
3.5 |
Ch-13-78 |
Channel |
20cm |
6.7 |
Ch-13-79 |
Channel |
20cm |
9.0 |
Ch-13-80 |
Channel |
20cm |
7.7 |
Ch-13-81 |
Channel |
20cm |
3.1 |
Ch-13-82 |
Channel |
20cm |
3.1 |
Ch-13-83 |
Channel |
20cm |
6.1 | | 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, PARDO, TURNER, BQ, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, 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... |
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 |
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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 |
2/20/2008 | (Pardo)Pardo Cyanide Leach and Screen Fire Metallic Analytical Resu... |
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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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