| | Publié le 29 mars 2012 | Enters Into Joint Venture On Pardo Gold, Ontario |
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Thursday, March 29, 2012 Endurance Enters Into Joint Venture On Pardo Gold, Ontario Retains 45% Interest in Sediment-hosted "Witwatersrand-type" Gold System
Endurance Gold Corporation (EDG -- TSX.V, "Endurance") is pleased to announce that it has received the final $50,000 option payment from a wholly-owned subsidiary of Ginguro Exploration Inc ("Ginguro" or "GEG"). Furthermore, both parties have now executed the definitive Joint Venture ("JV") agreement for the Pardo JV. Under the terms of the original option agreement, GEG was required to incur $1,000,000 in exploration expenditures and pay Endurance $200,000 in cash to earn their majority interest. Under the terms of the JV, Ginguro has been appointed operator and Endurance retains a 45 percent participating JV interest. With the formation of the JV, the option agreement on the Pardo property has been replaced with the JV agreement.
The Pardo JV Property is comprised of 16 claims covering approximately 33 square kilometres and is located 65 kilometres northeast of Sudbury, Ontario.
Between 2009 through 2011, GEG completed geophysical surveys, geological mapping, metallurgical samples, and the drilling of 154 holes on the Pardo JV Property. GEG successfully identified a shallow-dipping gold bearing channelized conglomerate "reef" that encompasses approximately 400 meters in width and 10,000 meters in length, with 3,600 meters of the reef located within the Pardo JV Property. Based on the drill programs, the most significant gold intersections that outline the extent of the reef are related to visible gold, detrital pyrite, and free carbon, hosted within the Proterozoic Huronian Mississagi quartz pebble conglomerate, at a regionally significant unconformity.
Geological work and drilling to-date has demonstrated similar geologic processes at work in Pardo to those that created the world's largest gold deposits in the Witwatersrand Basin of South Africa and that the Pardo project constitutes the discovery of the first confirmed paleo-placer gold deposit in Ontario.
GEG have informed Endurance that a 2012 exploration program is planned on GEG's consolidated land holding in the district. The 2012 program would include a comprehensive basin analysis, under the direction of GEG's Witwatersrand consultants. The purpose of the basin analysis is to "zero-in" on the best area (mid-fan setting) within the 10,000 meter length of the gold trend identified to date. On completion of the study, additional diamond drilling will test the mid-fan gold setting. A program proposal on the Pardo JV Property is expected shortly.
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. An updated corporate presentation is available on the Company website.
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. | 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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