Endurance Reports 25 Metres of 3.4 Grams Per Tonne Gold from the Godzilla Zone, Pardo Joint Venture, Ontario
29 9월 2014 - 10:35PM
Business Wire
Endurance Gold Corporation (EDG – TSX.V,
“Endurance”) announces new encouraging results from the
Godzilla Zone on the Pardo Joint Venture Property (“Pardo JV
Property”). The Pardo JV Property is comprised of 16 claims
located approximately 65 km northeast of Sudbury, Ontario. Ginguro
Exploration Inc. (“Ginguro”) is the operator of the Pardo JV
Property and holds a 64.5% ownership interest and Endurance owns a
35.5% ownership interest. Both parties are funding the 2014 program
on a pro rata basis, based on ownership.
Assays have now been received for six additional channel samples
taken at the recently discovered Godzilla Zone which previously
returned an average of 5.2 grams per tonne (g/t) gold over 140
metres from Channel 14-34 (see press release dated September 2,
2014). Channel 14-37, which was cut perpendicular to Channel 14-34,
averaged 3.4 g/t gold over 25 metres. Channels 14-38, 14-40 and
14-41, which were shorter channels cut approximately 35 metres east
of Channel 14-35 in an overlying conglomerate, averaged 0.1g/t gold
over 4 metres, 0.7 g/t gold over 4 metres, and 0.7 g/t gold over 3
metres, respectively. Channel 14-39 was cut perpendicular to
Channel 14-34 and averaged 0.7 g/t over 13.5 metres and Channel
14-42, which was cut sub parallel to Channel 14-34, averaged 0.7
g/t gold over 8 metres. There are different conglomerate horizons
exposed at Godzilla however, the significantly gold-bearing
conglomerate at the Godzilla Zone appears to have an average true
thickness of approximately 4 metres.
Maps illustrating the geology and channel sample locations can
be found on the Company’s website at www.endurancegold.com.
The operator reports that a total of 527 metres of channel
sample were cut across the Godzilla Zone. Assay results for 236.5
metres of channel samples at the Godzilla zone remain outstanding
and are expected in the next few weeks. The exposed outcrop area
that contains the Godzilla Zone mineralization measures 175 metres
north-south by up to 125 metres east-west.
Due to the near flat lying nature of the sedimentary strata, it
is not always possible to cut samples across the gold-bearing
strata. The operator reports that samples are 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.
The operator reports that field crews are continuing the work of
exploring new target areas of the Pardo JV. The prospecting and
geological work will continue throughout the fall as long as
weather permits
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 six
channel samples summarized in this release and channel 14-34 north
reported earlier, 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. Earlier reported
samples for channels 14-34 south, 14-35 and 14-36 were 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 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. For both techniques,
the operator inserts a certified reference standard or an
analytical blank in every batch of 20 samples. The operator reports
that validation parameters are established in the database to
ensure quality control.
About EnduranceEndurance 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 CONTACTEndurance Gold
Corporation(604) 682-2707,
info@endurancegold.comwww.endurancegold.com
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.
Endurance Gold CorporationRobert Boyd,
604-682-2707info@endurancegold.comwww.endurancegold.com
Endurance Gold (TSXV:EDG)
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