September 02, 2014
Endurance Reports 140 Metres Of 5.2 Grams Per Tonne Gold From The Godzilla Zone, Pardo Joint Venture, Ontario
|Endurance Gold Corporation (EDG - TSX.V, "Endurance") announces that the operator of the Pardo Joint Venture property ("Pardo JV Property"), Ginguro Exploration Inc. ("Ginguro"), has today provided new encouraging results from the Godzilla Zone on the Pardo JV Property. The Pardo JV Property is comprised of 16 claims located approximately 65 km northeast of Sudbury, Ontario. Ginguro is the operator of the Pardo JV Property ("Operator") and holds a 64.5% ownership interest and Endurance owns a 35.5% ownership interest.|
The Operator reports assays have been received for three additional saw-cut channel samples taken at the recently discovered Godzilla Zone. Channel 14-34 returned an average of 5.2 grams per tonne gold ("g/t Au") over 140 metres. Channel 14-35, which was cut sub-parallel to channel 14-34 at a slightly higher elevation, averaged 2.6 g/t Au over 18.5 metres. Channel 14-36, which was cut approximately perpendicular to channel 14-34 and channel 14-35 averaged 1.5 g/t Au over 21.5 metres. Channel 14-34 is comprised of a 95 metre long north section that averaged 4.5 g/t Au, and a south section that averaged 6.5 g/t Au over 45 metres. The two sections of the channel include minor offsets where necessary to cross covered areas and are separated by a five-metre section where no rock is exposed. The gold-bearing conglomerate sampled at the Godzilla Zone appears to have an average true thickness of approximately 4 metres.
All of the channel sampling at the Godzilla Zone is now complete. A total of 527 metres of channel sample were cut across the zone. Assay results for 294 metres of channel samples remain outstanding. The exposed outcrop area which contains the Godzilla Zone mineralization measures 175 metres north-south by up to 125 metres east-west.
Maps illustrating the geology and channel sample locations can be found on the Company's website at www.endurancegold.com.
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 known gold mineralization within the nearly flat-lying near-surface basal conglomerate on the Pardo JV Property now extends approximately 3 kilometres north-south by approximately 1.1 kilometres east-west.
Both Ginguro and Endurance are funding the 2014 program on a pro rata basis, based on ownership. The Operator reports that the next two months remaining in the field season will be directed towards prospecting other prospective areas as well as targets generated by the recently completed radon gas survey on the Pardo JV Property.
In the preparation of this news release, Endurance has relied on data collected and compiled by the Operator of exploration programs, and summarized to the Company for this release. 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 the Operator and forming the basis for this release. Potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource on the Pardo JV Property to date, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Operator 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. The Operator reports that the channel samples summarized in this release for channel 14-43 north were assayed using a modified pulp metallic assay procedure. The entire sample was crushed and pulverized to 85% passing 100 mesh. The +100 mesh material was fluxed and assayed in its entirety, while two 50 g aliquots of the -100 mesh undersize pulp were cut out and fire assayed. Results were reported as a weighted average of gold in the three fractions. The operator reports that samples for channels 14-34 south, 14-35 and 14-36 were also crushed in their entirety, with a 1kg split then pulverized. Two 50 g aliquots of the pulp were cut out and fire assayed. Results were reported as a weighted average of gold in the two fractions. In instances where the averages exceed 10 g/t, the sample is re-run with a gravimetric finish and the gravimetric result is reported. The Operator 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. The operator reports that validation parameters are established in the database to ensure quality control.
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
President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, firstname.lastname@example.org
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.
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