$0.04

News Releases

 

July 28, 2014
Endurance Announces New High-Grade Gold Zone at Pardo 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 the discovery of a new zone of high grade gold mineralization. The initial channel samples have retuned gold values up to 26 grams per tonne ("g/t") over 3 metres.

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"). Ginguro holds a 64.5% ownership interest in the Pardo JV and Endurance owns a 35.5% participating interest.

The new area, called the Godzilla Zone, is located approximately 450 metres south of the high grade 007 Zone, announced in August 2013. Initial five grab samples at the Godzilla Zone yielded gold grades from 1.3 g/t to 10.7 g/t.

The Godzilla Zone has now been exposed over a broad area measuring 150 metres north-south by up to 125 metres east-west. Three separate channel samples were taken along the north-south axis of the zone in order to begin to characterize the grade. These three initial channels ran 17.4 g/t Au over 3 metres, 14.1 g/t over 4 metres, and 26.2 g/t Au over 3 metres. Maps and photos illustrating the location of the Godzilla Zone and the location of the initial channel samples will be posted on the Company's website at www.endurancegold.com. The channels returned the following assays:

Ch-14-01sp south
(3m channel
averaging

17.4 g/t Au)
  Ch-14-02sp middle
(4m channel

averaging
14.1 g/t Au)
  Ch-14-03sp north
(3m channel

averaging
26.2 g/t Au)
Length
(m)
Gold
(g/t)
  Length
(m)
Gold
(g/t)
  Length
(m)
Gold
(g/t)
0.5 12.3   0.5 11.8   0.5 22.3
0.5 13.1   0.5 14.2   0.5 52.2
0.5 12.9   0.5 6.1   0.5 13.7
0.5 28.5   0.5 7.4   0.5 31.5
0.5 26.0   0.5 17.1   0.5 26.9
0.5 11.6   0.5 15.9   0.5 10.4
      0.5 22.8      
      0.5 17.4      

Due to the near flat lying nature of the sedimentary strata, it is not always possible to cut samples across the gold-bearing strata. Samples are usually collected either parallel or perpendicular to the interpreted paleochannel direction. Therefore, 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. The gold-bearing conglomerate tested at the Godzilla Zone appears to have a true thickness of approximately 4 metres.

Washing of the bedrock has revealed a coarse cobble to quartz pebble conglomerate having elevated uranium responses, as measured by a spectrometer. Mineralization is characterized by fine rounded detrital pyrite and local buckshot pyrite. The operator reports that the combination of these characteristics indicates higher grades of gold. Thus, extensive channel sampling is ongoing at the Godzilla Zone. A total of 210 samples, representing 105 metres, have been cut and delivered for assay and additional channels are planned to be cut.

The Pardo JV is encouraged by these initial test channels which confirm the importance of this new area within a larger target area. The Godzilla Zone lies within a north-south oriented trend in which the host conglomerates of the Mississagi formation have eroded and channeled their way through the underling strata, including most of the gold-enriched Matinenda formation. As a result of this erosion, the Mississagi formation in this wide channel became significantly enriched with gold in a long-lived placer river setting. This interpreted trend extends from approximately 700 metres north of the 007 Zone to 850 metres south of the Godzilla Zone for a total of 2,000 metres north-south. The width of this interpreted channel may exceed 500 metres in places.

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 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

         Robert T. Boyd
Per:
         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 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. 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.
 
 

You can view the Next News Releases item: Wed Aug 13, 2014, Endurance Provides Update At Pardo Joint Venture, Ontario

You can view the Previous News Releases item: Thu Jul 24, 2014, Endurance Program Commences - Elephant Mountain Gold Prospect, Alaska

You can return to the main News Releases page, or press the Back button on your browser.

Twitter

Adnet Communications Inc.
© Copyright Endurance Gold Corp.
Legal Information
Disclaimer