Further Results at Eastern Reef Zone Discovery, Pardo Gold Joint Venture, Ontario
06.09.2013 | FSCwire
Vancouver, British Columbia CANADA, September 06, 2013 /FSC/ - Endurance Gold Corp. (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 received additional encouraging gold results from the new Eastern Reef Discovery on the Pardo paleo-placer gold property. A total of 85 contiguous diamond saw cut channel samples at 50 centimetres ("cm") per sample are reported with an average gold content of 4.4 grams per tonne ("gpt") gold along this 42.5 metres of channel sampling. The best continuous section within this larger channel assayed 6.6 gpt gold over 23.5 metres with the tabulation of results appended to this release. Results are pending for a further 50 metres of channel sampling on the Eastern Reef.
The Pardo JV Property is comprised of 16 claims covering approximately 33 square kilometres and is located 65 kilometres northeast of Sudbury, Ontario.
The Eastern Reef is located in the north-central part of the Pardo JV Property. The other newly uncovered surface gold zone, the 007 Zone, is located 600 metres southwest of the Eastern Reef. Work to date suggests that the area between these zones is underlain by similar geology.
Maps of each of the Eastern Reef and the 007 Zone, as well as the broader discovery area, can be found on the company's website at www.endurancegold.com.
The channel lengths reported in this release represent gold values within the pyritic conglomerate outcrop at surface and do not represent true thicknesses of the gold bearing conglomerate. The gold-bearing conglomerate is estimated to have a true thickness of between 3 and 6 metres in this area.
Endurance currently holds a 45 percent joint venture interest in the Pardo Property. The operator of the Pardo JV 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. Endurance elected not to contribute to the 2012 program and is awaiting financial and technical reports from the operator to determine its current interest.
About Endurance
Endurance Gold Corp. 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 Corp.
Robert T. Boyd
President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corp.
(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.
GEG reports that Pardo JV 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. GEG inserts a certified reference standard or an analytical blank in every batch of 20 samples. 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.
Table 1: Pardo JV - Eastern Reef
-***-
Table 1: Pardo JV - Eastern Reef
Continuous Channel Sample Assays
Channel # Length Au
(cm) (g/t)
CH-13-107-01 50 1.5
CH-13-107-02 50 9.6
CH-13-107-03 50 1.9
CH-13-107-04 50 1.4
CH-13-107-05 50 1.7
CH-13-107-06 50 7.1
CH-13-107-07 50 1.4
CH-13-107-08 50 0.9
CH-13-107-09 50 0.6
CH-13-107-10 50 1.0
CH-13-107-11 50 0.2
CH-13-107-12 50 4.3
CH-13-107-13 50 0.8
CH-13-107-14 50 0.2
CH-13-107-15 50 0.1
CH-13-107-16 50 0.1
CH-13-107-17 50 0.1
CH-13-107-18 50 3.5
CH-13-107-19 50 2.4
CH-13-107-20 50 0.7
CH-13-107-21 50 0.5
CH-13-107-22 50 0.2
CH-13-107-23 50 1.7
CH-13-107-24 50 0.7
CH-13-107-25 50 1.6
CH-13-107-26 50 0.9
CH-13-107-27 50 1.7
CH-13-107-28 50 2.9
CH-13-107-29 50 8.2
CH-13-107-30 50 0.2
CH-13-107-31 50 0.0
CH-13-107-32 50 0.0
CH-13-107-33 50 1.0
CH-13-107-34 50 6.4
CH-13-107-35 50 1.7
CH-13-107-36 50 0.1
CH-13-107-37 50 1.3
CH-13-107-38 50 0.3
CH-13-107-39 50 6.1
CH-13-107-40 50 7.7
CH-13-107-41 50 2.9
CH-13-107-42 50 9.8
CH-13-107-43 50 6.3
CH-13-107-44 50 0.5
CH-13-107-45 50 0.4
CH-13-107-46 50 5.6
CH-13-107-47 50 12.6
CH-13-107-48 50 3.5
CH-13-107-49 50 19.4
CH-13-107-50 50 6.6
CH-13-107-51 50 0.4
CH-13-107-52 50 0.6
CH-13-107-53 50 0.9
CH-13-107-54 50 9.5
CH-13-107-55 50 5.7
CH-13-107-56 50 6.3
CH-13-107-57 50 8.9
CH-13-107-58 50 11.6
CH-13-107-59 50 5.9
CH-13-107-60 50 12.5
CH-13-107-61 50 13.5
CH-13-107-62 50 0.8
CH-13-107-63 50 1.9
CH-13-107-64 50 7.6
CH-13-107-65 50 4.8
CH-13-107-66 50 12.2
CH-13-107-67 50 33.0
CH-13-107-68 50 9.2
CH-13-107-69 50 2.9
CH-13-107-70 50 8.5
CH-13-107-71 50 9.6
CH-13-107-72 50 4.9
CH-13-107-73 50 4.9
CH-13-107-74 50 0.2
CH-13-107-75 50 1.2
CH-13-107-76 50 1.3
CH-13-107-77 50 2.2
CH-13-107-78 50 9.6
CH-13-107-79 50 4.9
CH-13-107-80 50 1.4
CH-13-107-81 50 6.2
CH-13-107-82 50 4.1
CH-13-107-83 50 7.9
CH-13-107-84 50 8.5
CH-13-107-85 50 2.9
-****-
NEWS RELEASE 13-09
To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/EnduranceGoldSept62013.pdf
Source: Endurance Gold Corp. - (TSXV: EDG)
Maximum News Dissemination by FSCwire. http://www.fscwire.com
The Pardo JV Property is comprised of 16 claims covering approximately 33 square kilometres and is located 65 kilometres northeast of Sudbury, Ontario.
The Eastern Reef is located in the north-central part of the Pardo JV Property. The other newly uncovered surface gold zone, the 007 Zone, is located 600 metres southwest of the Eastern Reef. Work to date suggests that the area between these zones is underlain by similar geology.
Maps of each of the Eastern Reef and the 007 Zone, as well as the broader discovery area, can be found on the company's website at www.endurancegold.com.
The channel lengths reported in this release represent gold values within the pyritic conglomerate outcrop at surface and do not represent true thicknesses of the gold bearing conglomerate. The gold-bearing conglomerate is estimated to have a true thickness of between 3 and 6 metres in this area.
Endurance currently holds a 45 percent joint venture interest in the Pardo Property. The operator of the Pardo JV 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. Endurance elected not to contribute to the 2012 program and is awaiting financial and technical reports from the operator to determine its current interest.
About Endurance
Endurance Gold Corp. 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 Corp.
Robert T. Boyd
President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corp.
(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.
GEG reports that Pardo JV 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. GEG inserts a certified reference standard or an analytical blank in every batch of 20 samples. 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.
Table 1: Pardo JV - Eastern Reef
-***-
Table 1: Pardo JV - Eastern Reef
Continuous Channel Sample Assays
Channel # Length Au
(cm) (g/t)
CH-13-107-01 50 1.5
CH-13-107-02 50 9.6
CH-13-107-03 50 1.9
CH-13-107-04 50 1.4
CH-13-107-05 50 1.7
CH-13-107-06 50 7.1
CH-13-107-07 50 1.4
CH-13-107-08 50 0.9
CH-13-107-09 50 0.6
CH-13-107-10 50 1.0
CH-13-107-11 50 0.2
CH-13-107-12 50 4.3
CH-13-107-13 50 0.8
CH-13-107-14 50 0.2
CH-13-107-15 50 0.1
CH-13-107-16 50 0.1
CH-13-107-17 50 0.1
CH-13-107-18 50 3.5
CH-13-107-19 50 2.4
CH-13-107-20 50 0.7
CH-13-107-21 50 0.5
CH-13-107-22 50 0.2
CH-13-107-23 50 1.7
CH-13-107-24 50 0.7
CH-13-107-25 50 1.6
CH-13-107-26 50 0.9
CH-13-107-27 50 1.7
CH-13-107-28 50 2.9
CH-13-107-29 50 8.2
CH-13-107-30 50 0.2
CH-13-107-31 50 0.0
CH-13-107-32 50 0.0
CH-13-107-33 50 1.0
CH-13-107-34 50 6.4
CH-13-107-35 50 1.7
CH-13-107-36 50 0.1
CH-13-107-37 50 1.3
CH-13-107-38 50 0.3
CH-13-107-39 50 6.1
CH-13-107-40 50 7.7
CH-13-107-41 50 2.9
CH-13-107-42 50 9.8
CH-13-107-43 50 6.3
CH-13-107-44 50 0.5
CH-13-107-45 50 0.4
CH-13-107-46 50 5.6
CH-13-107-47 50 12.6
CH-13-107-48 50 3.5
CH-13-107-49 50 19.4
CH-13-107-50 50 6.6
CH-13-107-51 50 0.4
CH-13-107-52 50 0.6
CH-13-107-53 50 0.9
CH-13-107-54 50 9.5
CH-13-107-55 50 5.7
CH-13-107-56 50 6.3
CH-13-107-57 50 8.9
CH-13-107-58 50 11.6
CH-13-107-59 50 5.9
CH-13-107-60 50 12.5
CH-13-107-61 50 13.5
CH-13-107-62 50 0.8
CH-13-107-63 50 1.9
CH-13-107-64 50 7.6
CH-13-107-65 50 4.8
CH-13-107-66 50 12.2
CH-13-107-67 50 33.0
CH-13-107-68 50 9.2
CH-13-107-69 50 2.9
CH-13-107-70 50 8.5
CH-13-107-71 50 9.6
CH-13-107-72 50 4.9
CH-13-107-73 50 4.9
CH-13-107-74 50 0.2
CH-13-107-75 50 1.2
CH-13-107-76 50 1.3
CH-13-107-77 50 2.2
CH-13-107-78 50 9.6
CH-13-107-79 50 4.9
CH-13-107-80 50 1.4
CH-13-107-81 50 6.2
CH-13-107-82 50 4.1
CH-13-107-83 50 7.9
CH-13-107-84 50 8.5
CH-13-107-85 50 2.9
-****-
NEWS RELEASE 13-09
To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/EnduranceGoldSept62013.pdf
Source: Endurance Gold Corp. - (TSXV: EDG)
Maximum News Dissemination by FSCwire. http://www.fscwire.com