| | Publié le 13 janvier 2014 | Encouraging Gold Results In Intrusive - Elephant Mountain Gold Prospect, Alaska |
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Monday, January 13, 2014 Encouraging Gold Results In Intrusive - Elephant Mountain Gold Prospect, Alaska
Endurance Gold Corporation (EDG -- TSX.V, "Endurance") is pleased to announce that field work activity in 2013 has identified encouraging gold values on its 4,960 acre Elephant Mountain Property (the "Property"). The 2013 summer program returned gold values in grab samples up to 4.4 grams per tonne ("g/t") gold associated with a strong gold-arsenic soil anomaly. The company has also finalized the comprehensive option agreement on the Property with the private vendor.
The Property is located in the Rampart-Eureka-Hot Springs placer gold mining district near Eureka, Alaska and can be accessed by road and trails from Eureka, a placer mining area located about 76 miles (123 kilometres) west of Fairbanks.
The Property was explored for gold by Placer Dome, Inc. ("PDI") between 1989 and 1992. PDI identified a gold-arsenic soil geochemical anomaly over the intrusive that extends for at least 6,000 feet and up to 1,500 feet wide (1,830 metres and up to 457 metres wide), with peak values in the PDI soil samples up to 1,540 parts per billion ("ppb") gold. During that time, PDI completed trenching and ten (10) drill holes primarily in this North Zone soil anomaly. The best of the PDI drill holes returned an average grade of 0.015 ounce per ton gold (0.514 g/t gold) over an interval of 326 feet (99.4 metres) and bottomed in mineralization. In the PDI drill holes, gold mineralization is associated with arsenopyrite and native gold related to quartz veinlet stock-work, in silicified, fractured and sericite altered intrusive. The intrusive host is a multi-phase Cretaceous-aged diorite to granite pluton that intrudes quartzite, siltstone and shale. Subsequent to the PDI exploration program, other companies completed some surface prospecting and mapping, soil sampling, ground magnetics and induced polarization geophysical surveys, and two drill holes in 2000.
A 2007 prospecting and sampling program resulted in the discovery of gold values in grab samples of quartz vein material from the intrusive including 12.98 g/t, 5.21 g/t, 3.02 g/t, 2.59 g/t and 2.18 g/t gold. These high gold values were collected in the South Zone soil anomaly where PDI collected a grab sample that assayed 12 ounces per ton gold (411.4 g/t gold). The South Zone area is approximately one kilometre south of the best Placer Dome drill hole and is defined by a greater than 100 ppb gold-in-soil anomaly within a 150 x 800 metre area.
The 2013 reconnaissance prospecting rock and soil sampling program completed this past summer collected 61 rock grab samples with the best gold values associated with altered intrusive and quartz vein stock-work material including 4,440 ppb gold, as well as 1920 ppb, and 1880 ppb gold. The highest gold value is related to the South Zone soil anomaly. A summary figure showing the PDI soil anomalies and the most recent surface sampling is available on the Company's website.
The Elephant Mountain area is, in part, drained by Eureka and Pioneer Creeks. Alluvial gold was first discovered in Eureka Creek in 1898 and both Eureka and Pioneer Creeks and their small tributaries are two of the most significant alluvial gold bearing creeks in the Eureka-Hot Springs gold district.
The Elephant prospect is interpreted to be a reduced intrusion-related gold system (RIRG) similar to the Fort Knox Mine, Ryan Lode, and True North deposits located in the nearby Fairbanks Gold Mining district in Alaska, as well as the Brewery Creek and Dublin Gulch deposits in the Yukon. All of these RIRG deposits are related to late Cretaceous-aged intrusive events within the Tintina Gold Province of Alaska and the Yukon, and are associated with historic placer gold mining.
The placer gold deposits, gold-in-soil anomalies, elevated gold-in-rock samples, and wide drill intersections in intrusive indicate that the Property warrants a systematic exploration program of rock and soil sampling followed by trenching and drilling to confirm historic results, expand on those results, and identify new exploration targets. The 2013 program confirms the location of the historic prospects and thus a systematic 2014 program is currently in the planning stage. In addition, step out drill holes from the best 1992 PDI drill hole are justified along the trend of the untested North Zone soil anomaly.
Under the terms of the finalized option agreement with the private vendor, Endurance can earn 100% interest in the Property by completing a total of US$200,000 in exploration expenditures, US$200,000 in cash payments and delivering 400,000 Endurance common shares by December 31, 2017. To date the company has completed about $50,000 in exploration expenditures, paid $35,000 in option payments and delivered 25,000 Endurance common shares. The option is subject to a 2% net smelter royalty ("NSR"), and Endurance can purchase half of the NSR at any time.
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
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation (604) 682-2707, info@endurancegold.com www.endurancegold.com
Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43-101 and supervised the compilation of the information forming the basis for this release. The 1991 Placer Dome activity preceded the implementation of NI 43-101 and furthermore, the original data and reports have not been completely reviewed by the Company. Therefore the historic data summarized in this release should not be relied upon. Bedrock grab samples are selective by nature and are unlikely to represent average grades within the bedrock when drilled. All 2013 rock and soil samples were analyzed at ALS Minerals using Au-ST43, Au-OG43, and ME-MS41.
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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Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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Endurance Gold Corporation
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EXPLORATEUR |
CODE : EDG.V |
ISIN : CA29267M1086 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Endurance Gold est une société développant des projet miniers d'or basée au Canada. Ses principaux projets en exploration sont CARTER en USA et ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO et DOGPAW LAKE au Canada. Endurance Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 15,2 millions CA$ (11,2 millions US$, 10,1 millions €). La valeur de son action a atteint son plus bas niveau récent le 16 janvier 2009 à 0,01 CA$, et son plus haut niveau récent le 15 juillet 2022 à 0,57 CA$. Endurance Gold possède 101 090 000 actions en circulation. |
Financements de Endurance Gold Corporation |
Nominations de Endurance Gold Corporation |
Rapports Financiers de Endurance Gold Corporation |
Projets de Endurance Gold Corporation |
21/11/2013 | Completes 2013 Rattlesnake Hills Exploration Program in Wyom... |
28/10/2013 | (Pardo)Responds To Arbitration Notice Respecting The Pardo Joint V... |
24/09/2013 | (Pardo)Final Gold Assays At 007 And Eastern Reef Zones Pardo Gold J... |
03/09/2013 | Initiates 2013 Rattlesnake Hills Exploration Program, Wyomin... |
10/04/2013 | Significantly Expands Rattlesnake Hills Gold District Proper... |
04/04/2013 | Partner Proceeds with McCord Creek Gold Property Option, Ala... |
21/01/2013 | (Bandito)to Acquire 100% Interest in the Bandito Heavy Rare Earth Nio... |
11/09/2012 | (Pardo)Drilling Commences on Pardo Gold Joint Venture, Ontario |
01/08/2012 | Doubles Size of McCord Creek Gold Property, Alaska |
02/05/2012 | Identifies Partner To Fund The McCord Creek Gold Property, L... |
25/04/2012 | Soil Anomalies Discovered on the McCord Creek Property, Live... |
29/03/2012 | (Pardo)Enters Into Joint Venture On Pardo Gold, Ontario |
27/02/2012 | Expands Land Position on Elephant Gold Prospect, Alaska |
19/09/2011 | (Bandito)Drilling Commenced on the Bandito Property |
08/09/2011 | (Bandito)Copper, Rare Earth and Niobium Prospects Discovered Bandito ... |
17/08/2011 | Exploration Commenced on the Mccord Creek Gold Property, Liv... |
25/07/2011 | (Bandito)Exploration Commenced On The Bandito Rare Earth And Nickel P... |
03/03/2011 | (Bandito)Additional Staking Further Increases Size of the Bandito Pro... |
24/08/2010 | (Dogpaw Lake)New High Grade Gold Zone Discovered on Dogpaw Lake Joint Ven... |
29/06/2010 | (Pardo)2010 Drilling Commenced |
13/01/2010 | Ginguro Reports High Grade Grab Sample Results On Endurance ... |
23/11/2009 | (Nechako)Nechako Drill Program Results |
27/10/2009 | (Nechako)Completes Drilling on the Nechako Gold Project, B.C., and Ge... |
18/08/2009 | (Pardo)Commences Work On Endurance Pardo Property |
20/02/2008 | (Pardo)Pardo Cyanide Leach and Screen Fire Metallic Analytical Resu... |
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Communiqués de Presse de Endurance Gold Corporation |
23/07/2016 | Endurance Closes First Tranche of Private Placement |
30/06/2016 | Endurance Gold Announces Private Placement of $500,000 |
29/06/2016 | Endurance Announces Update On Rattlesnake Hills District, Wy... |
26/05/2016 | Endurance Announces Grant Of Stock Options |
20/10/2015 | Endurance Confirms No Material Change |
13/10/2015 | Endurance Closes the Sale of Rattlesnake Hills Property, Wyo... |
10/08/2015 | Endurance Announces Sale of Rattlesnake Hills Property, Wyom... |
11/06/2015 | Exploration Commenced - Elephant Mountain Intrusive-Hosted G... |
20/04/2015 | Significant Intrusive-Hosted Gold Targets Confirmed - Elepha... |
07/04/2015 | Endurance Gold Announces Private Placement of $500,000 |
10/03/2015 | Endurance Announces Start Of Drilling - Pardo JV, Ontario |
20/01/2015 | Endurance Announces Winter Drill Program - Pardo JV, Ontario |
15/01/2015 | Endurance Announces Winter Drill Program - Pardo Jv, Ontario |
20/11/2014 | Endurance Provides Update From The Pardo Joint Venture, Onta... |
20/11/2014 | Endurance Provides Update from the Pardo Joint Venture, Onta... |
30/10/2014 | Endurance Closes Private Placement Of $650,000 |
20/10/2014 | Endurance Provides Further Update From The Godzilla Zone, Pa... |
16/10/2014 | Endurance Announces Re-Pricing And Increase Of Private Place... |
29/09/2014 | Endurance Reports 25 Metres of 3.4 Grams Per Tonne Gold from... |
13/01/2014 | Encouraging Gold Results In Intrusive - Elephant Mountain Go... |
19/12/2013 | (Pardo)Pardo JV Operator Provides Clarifying Disclosure on Eastern ... |
03/12/2013 | Serves Defense and Counterclaim - Arbitrator Appointed |
06/09/2013 | (Pardo)Further Results At Eastern Reef Zone Discovery, Pardo Gold J... |
29/08/2013 | (Pardo)Further High Grade Gold at 007 Zone Discovery, Pardo Gold Jo... |
15/08/2013 | (Pardo)New High Grade Gold Discoveries On Pardo Gold Joint Venture,... |
05/11/2012 | (Bandito)New "Heavy" Rare Earth And Niobium Discoveries At Bandito, Y... |
27/09/2012 | Wide Low Grade Gold Zone Discovered on Flint Lake (Dogpaw) J... |
09/01/2012 | Acquires Intrusive-Hosted Gold Prospect In Alaska |
12/10/2011 | Trench Returns 2.65% Treo+Y over 6 Meters |
01/06/2011 | (Bandito)2011 Bandito Rare Earth and Nickel Program Initiated |
24/05/2011 | (Bandito)Bandito Rare Earth Alteration System Expanded Nine Square Ki... |
11/05/2011 | Creates Technical Advisory Committee |
17/03/2011 | Closes Private Placement Of $540,000 |
12/04/2010 | President and CEO Duncan McIvor Passes away |
13/11/2009 | Granted State Leases Totaling An Additional 2,560 Acres In R... |
26/06/2009 | Identifies Gold Mineralization On 100% Owned Gold Properties... |
01/02/2008 | Virginia Silver Property Optionor Mega Silver Inc. Completes... |
28/01/2008 | Retains Renmark Financial Communications Inc. |
05/11/2007 | Commences Aerial Survey Of Pardo Property; Provides Turner ... |
20/08/2007 | Completes 56 Holes at Pardo |
12/07/2007 | Moves Drill To Pardo For 80 Hole Program |
24/05/2007 | Stakes Additional Claims Near Pardo And Turner Properties |
28/03/2007 | Stakes Additional 175 Claim Units Around Turner Property |
28/03/2007 | Options Remaining Dogpaw Lake Area Claims To North American ... |
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