| | Published : November 09th, 2015 | Expands South Gold Zone Target At Elephant Mountain, Alaska |
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
|
|
Monday, November 09, 2015 Endurance Expands South Gold Zone Target At Elephant Mountain, Alaska Gold-Arsenic-Antimony Soil Anomaly exceeds 1,000 metres
Endurance Gold Corporation (EDG -- TSX.V, "Endurance") is pleased to announce the final result from its summer 2015 exploration program on its 4,960 acre Elephant Mountain Gold Property (the "Property") in Alaska. To date, exploration has confirmed an intrusive-hosted target area of at least 1,800 meters ("m") by 600 m in size encompassing two soil and rock sample gold anomalies (the North and South Zone Targets) and an untested IP chargeability anomaly (the Central Zone Target) located between the two soil anomalies. The 2015 program, focused on the South Zone Target, has expanded this soil anomaly to in excess 1,000 m by about 250 m in size, with values of greater than 100 parts per billion ("ppb") gold. The soil anomaly remains open for expansion. This soil anomaly is associated with grab samples of quartz vein material that assay up to 411.4 grams per tonne gold.
The Property is well located near Eureka in the Rampart-Manley Hot Springs area of Alaska about 76 miles (123 kilometres) west of Fairbanks. The Property can be accessed by road and all-terrane vehicle trails from Eureka. The 2015 program consisted of a two phased program of establishing road and trail access and then drilling of power-assisted auger samples on the South Zone and a portion of the Central Zone.
The Property area was previously explored for gold by Placer Dome, Inc. ("PDI") culminating in the drilling of ten holes in 1992. The best of the PDI drill holes returned an average grade of 0.015 ounce per ton gold (0.514 grams per tonne ("g/t") gold) over an interval of 326 feet (99.4 m) and bottomed in mineralization on the North Zone Target. Mineralization on the property is associated with three generations of quartz veinlets crosscutting altered granite and syenite.
The Company has focused on the South Zone Target since this area has yielded the highest gold values in rock samples from the Property. Surface grab rock samples from the South Zone Target include 12.98 g/t, 5.21 g/t, 4.44 g/t, 3.02 g/t, and 2.59 g/t gold associated with iron oxide stained and altered granitic rocks. The highest value grab samples in float are associated with coxcomb and chalcedonic vein quartz, hosted in silica flooded trachyoidal syenite. In 1991, PDI also collected a grab sample from the South Zone Target that assayed 12 ounces per ton gold (411.4 g/t gold). These grab samples are restricted to about 600 m of strike within the central part of the South Zone soil anomaly. The anomaly remains largely untested by drilling.
The South Zone Target has no significant outcrop and thus ideal for deep penetrating auger soil sampling. In 2015, two hundred and seven (207) power-assisted auger soil samples were completed to an average depth of 1.22 m. The deepest sample collected was 2.54 m. Together with similar auger samples collected in 2014 the Company has now completed a grid of two hundred and forty seven (247) power-assisted auger soil on the South Zone Target. These auger soil samples, with peak values up to 320 ppb gold, together with shallower soil samples collected in 2013, have confirmed a continuous 1,000 m long soil anomaly exceeding 100 ppb gold, which remains open for expansion. Associated with the gold-in-soil anomaly are coincident pathfinder elements arsenic (with a peak value of 1,660 parts per million ("ppm")) and antimony (with a peak value of 267 ppm). The north end of the South Zone soil anomaly is located 850 m south of the best PDI drill hole summarized above.
Summary figures for the Property and complete soil and rock sample geochemical results for the Company's South Zone sampling activity are summarized on presentation maps at www.endurancegold.com.
The North Zone Target is a gold-arsenic soil geochemical anomaly defined by PDI, within an area of some outcrop mapped as altered granite. The North Zone soil anomaly is approximately 1,200 m by 500 m wide, with peak values of up to 1,540 ppb gold. PDI completed eight (8) drill holes on this North Zone Target. The best of the PDI drill holes returned an average grade of 0.015 ounce per ton gold (0.514 g/t gold) over an interval of 326 feet (99.4 m) and bottomed in mineralization. Below the oxidized zone, gold mineralization in the drill core is associated with arsenopyrite and native gold related to quartz veinlet stock-work, in silicified, fractured granite. The intrusive host is a large multi-phase Cretaceous-aged diorite to granite pluton that intrudes quartzite, siltstone and shale. The Company has collected seven grab samples within North Zone Target which returned gold values of between 1.01 g/t and 1.92 g/t gold.
The Central Zone Target, an area of no outcrop, is located between the North and the South Zones and is interpreted to be an area of altered intrusive. PDI completed a gradient induced polarization (IP) resistivity and dipole-dipole IP geophysical survey on the Property. A chargeable anomaly with dimensions of about 1,500 m by 500 m was identified between the North and South Zones. This geophysical target was never been tested with Diamond drilling, and remains unexplained.
The Elephant Mountain Gold Property, located within an active placer gold mining camp, is interpreted to be a reduced intrusion-related gold system (RIRG) similar to the Fort Knox Mine, Ryan Lode, and True North deposits located in the nearby Fairbanks Gold Mining district in Alaska, as well as the Brewery Creek and Dublin Gulch deposits in the Yukon. All of these RIRG deposits are related to late Cretaceous-aged intrusive events within the Tintina Gold Province of Alaska and the Yukon, and are associated with historic placer gold mining.
Under the terms of the option agreement with the private vendor, Endurance can earn 100% interest in the Property by completing a total of US$200,000 in exploration expenditures, US$200,000 in cash payments and delivering 400,000 Endurance common shares by December 31, 2017. The option is subject to a 2% net smelter royalty ("NSR"), and Endurance can purchase half of the NSR at any time. All terms of the option are in good standing.
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 Mountain Gold Property in Alaska and the Bandito Rare Earth-Niobium Property in the Yukon. The company also owns a 35.5% interest in the Pardo joint venture, a Precambrian-aged paleoplacer gold system. Please visit www.endurancegold.com.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
FOR FURTHER INFORMATION, PLEASE CONTACT Endurance Gold Corporation (604) 682-2707, info@endurancegold.com www.endurancegold.com
Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43-101 and supervised the compilation of the information forming the basis for this release. The 1992 Placer Dome activity preceded the implementation of NI 43-101 and furthermore, the original data and reports, including the geophysical reports, have not been completely reviewed by the Company. Therefore the historic data summarized in this release should not be relied upon. Bedrock grab samples are selective by nature and are unlikely to represent average grades within the bedrock when drilled. All 2012 through 2015 rock and soil samples were analyzed at ALS Minerals using Au-ST43, Au-OG43, and ME-MS41.
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. | |
Address: |
Suite 303 - 543 Granville Street Vancouver, BC Canada V6C 1X8 |
Phone: Fax: Email: |
604-682-2707 604-681-0902 info@endurancegold.com | | |
This message is personalized to you at .com. Please do not forward this email.
Sent by Endurance Gold Corporation Suite 303 - 543 Granville Street, Vancouver, BC, Canada, V6C 1X8
Sent using QwikBroadcastT system from Adnet Communications #401 - 510 West Hastings St Vancouver BC V6B 1L8, Canada Report abuse: abuse@adnetinc.com
CLICK HERE TO UNSUBSCRIBE |
Data and Statistics for these countries : Canada | All Gold and Silver Prices for these countries : Canada | All
|
Endurance Gold Corporation
|
|
EXPLORATION STAGE |
CODE : EDG.V |
ISIN : CA29267M1086 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Endurance Gold is a gold exploration company based in Canada. Its main exploration properties are CARTER in USA and ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO and DOGPAW LAKE in Canada. Endurance Gold is listed in Canada. Its market capitalisation is CA$ 16.7 millions as of today (US$ 12.2 millions, € 11.5 millions). Its stock quote reached its lowest recent point on January 16, 2009 at CA$ 0.01, and its highest recent level on July 15, 2022 at CA$ 0.57. Endurance Gold has 101 090 000 shares outstanding. |
Financings of Endurance Gold Corporation |
Nominations of Endurance Gold Corporation |
Financials of Endurance Gold Corporation |
Project news of Endurance Gold Corporation |
11/21/2013 | Completes 2013 Rattlesnake Hills Exploration Program in Wyom... |
10/28/2013 | (Pardo)Responds To Arbitration Notice Respecting The Pardo Joint V... |
9/24/2013 | (Pardo)Final Gold Assays At 007 And Eastern Reef Zones Pardo Gold J... |
9/3/2013 | Initiates 2013 Rattlesnake Hills Exploration Program, Wyomin... |
4/10/2013 | Significantly Expands Rattlesnake Hills Gold District Proper... |
4/4/2013 | Partner Proceeds with McCord Creek Gold Property Option, Ala... |
1/21/2013 | (Bandito)to Acquire 100% Interest in the Bandito Heavy Rare Earth Nio... |
9/11/2012 | (Pardo)Drilling Commences on Pardo Gold Joint Venture, Ontario |
8/1/2012 | Doubles Size of McCord Creek Gold Property, Alaska |
5/2/2012 | Identifies Partner To Fund The McCord Creek Gold Property, L... |
4/25/2012 | Soil Anomalies Discovered on the McCord Creek Property, Live... |
3/29/2012 | (Pardo)Enters Into Joint Venture On Pardo Gold, Ontario |
2/27/2012 | Expands Land Position on Elephant Gold Prospect, Alaska |
9/19/2011 | (Bandito)Drilling Commenced on the Bandito Property |
9/8/2011 | (Bandito)Copper, Rare Earth and Niobium Prospects Discovered Bandito ... |
8/17/2011 | Exploration Commenced on the Mccord Creek Gold Property, Liv... |
7/25/2011 | (Bandito)Exploration Commenced On The Bandito Rare Earth And Nickel P... |
3/3/2011 | (Bandito)Additional Staking Further Increases Size of the Bandito Pro... |
8/24/2010 | (Dogpaw Lake)New High Grade Gold Zone Discovered on Dogpaw Lake Joint Ven... |
6/29/2010 | (Pardo)2010 Drilling Commenced |
1/13/2010 | Ginguro Reports High Grade Grab Sample Results On Endurance ... |
11/23/2009 | (Nechako)Nechako Drill Program Results |
10/27/2009 | (Nechako)Completes Drilling on the Nechako Gold Project, B.C., and Ge... |
8/18/2009 | (Pardo)Commences Work On Endurance Pardo Property |
2/20/2008 | (Pardo)Pardo Cyanide Leach and Screen Fire Metallic Analytical Resu... |
|
Corporate news of Endurance Gold Corporation |
7/23/2016 | Endurance Closes First Tranche of Private Placement |
6/30/2016 | Endurance Gold Announces Private Placement of $500,000 |
6/29/2016 | Endurance Announces Update On Rattlesnake Hills District, Wy... |
5/26/2016 | Endurance Announces Grant Of Stock Options |
10/20/2015 | Endurance Confirms No Material Change |
10/13/2015 | Endurance Closes the Sale of Rattlesnake Hills Property, Wyo... |
8/10/2015 | Endurance Announces Sale of Rattlesnake Hills Property, Wyom... |
6/11/2015 | Exploration Commenced - Elephant Mountain Intrusive-Hosted G... |
4/20/2015 | Significant Intrusive-Hosted Gold Targets Confirmed - Elepha... |
4/7/2015 | Endurance Gold Announces Private Placement of $500,000 |
3/10/2015 | Endurance Announces Start Of Drilling - Pardo JV, Ontario |
1/20/2015 | Endurance Announces Winter Drill Program - Pardo JV, Ontario |
1/15/2015 | Endurance Announces Winter Drill Program - Pardo Jv, Ontario |
11/20/2014 | Endurance Provides Update From The Pardo Joint Venture, Onta... |
11/20/2014 | Endurance Provides Update from the Pardo Joint Venture, Onta... |
10/30/2014 | Endurance Closes Private Placement Of $650,000 |
10/20/2014 | Endurance Provides Further Update From The Godzilla Zone, Pa... |
10/16/2014 | Endurance Announces Re-Pricing And Increase Of Private Place... |
9/29/2014 | Endurance Reports 25 Metres of 3.4 Grams Per Tonne Gold from... |
1/13/2014 | Encouraging Gold Results In Intrusive - Elephant Mountain Go... |
12/19/2013 | (Pardo)Pardo JV Operator Provides Clarifying Disclosure on Eastern ... |
12/3/2013 | Serves Defense and Counterclaim - Arbitrator Appointed |
9/6/2013 | (Pardo)Further Results At Eastern Reef Zone Discovery, Pardo Gold J... |
8/29/2013 | (Pardo)Further High Grade Gold at 007 Zone Discovery, Pardo Gold Jo... |
8/15/2013 | (Pardo)New High Grade Gold Discoveries On Pardo Gold Joint Venture,... |
11/5/2012 | (Bandito)New "Heavy" Rare Earth And Niobium Discoveries At Bandito, Y... |
9/27/2012 | Wide Low Grade Gold Zone Discovered on Flint Lake (Dogpaw) J... |
1/9/2012 | Acquires Intrusive-Hosted Gold Prospect In Alaska |
10/12/2011 | Trench Returns 2.65% Treo+Y over 6 Meters |
6/1/2011 | (Bandito)2011 Bandito Rare Earth and Nickel Program Initiated |
5/24/2011 | (Bandito)Bandito Rare Earth Alteration System Expanded Nine Square Ki... |
5/11/2011 | Creates Technical Advisory Committee |
3/17/2011 | Closes Private Placement Of $540,000 |
4/12/2010 | President and CEO Duncan McIvor Passes away |
11/13/2009 | Granted State Leases Totaling An Additional 2,560 Acres In R... |
6/26/2009 | Identifies Gold Mineralization On 100% Owned Gold Properties... |
2/1/2008 | Virginia Silver Property Optionor Mega Silver Inc. Completes... |
1/28/2008 | Retains Renmark Financial Communications Inc. |
11/5/2007 | Commences Aerial Survey Of Pardo Property; Provides Turner ... |
8/20/2007 | Completes 56 Holes at Pardo |
7/12/2007 | Moves Drill To Pardo For 80 Hole Program |
5/24/2007 | Stakes Additional Claims Near Pardo And Turner Properties |
3/28/2007 | Stakes Additional 175 Claim Units Around Turner Property |
3/28/2007 | Options Remaining Dogpaw Lake Area Claims To North American ... |
|
|