Endurance Gold Corporation

Published : September 24th, 2013

Final Gold Assays At 007 And Eastern Reef Zones Pardo Gold Joint Venture, Ontario

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Keywords :   Canada | Gold | Niobium |

Tuesday, September 24, 2013
Final Gold Assays At 007 And Eastern Reef Zones Pardo Gold 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 that it has received the remainder of channel sampling results from both the Eastern Reef Zone and the 007 Zone. The Pardo JV Property is comprised of 16 claims covering approximately 33 square kilometres and is located 65 kilometres northeast of Sudbury, Ontario.

With the new results, the Pardo JV is now able to provide a comprehensive summary of all channels sampled to date at both the Eastern Reef and the 007 Zones. Maps of each of the Eastern Reef and the 007 Zones illustrating the channel sample locations, as well as tables showing detailed assay results, can be found on the Company's website at www.endurancegold.com. The Eastern Reef Zone is located in the north-central part of the Pardo JV Property, with the 007 Zone located 600 metres southwest of the Eastern Reef Zone. The Operator reports that work to date suggests that the area between these zones is underlain by similar geology.

007 Zone
The 007 Zone has been tested with four separate channels sawn across the rock surface. These channels are comprised of continuous 50 centimetre sampling intervals designed to give a best estimate of average grades across the exposed surface. Channels 106 and 114 are oriented roughly north-south and channels 109 and 110 are oriented approximately perpendicular to Channels 106 and 114. All assays have now been received from these four separate channels cut and sampled to date at the 007 Zone. Results of these aggregate channels are summarized as follows:
  • Channel 106 averaged 36.5 grams per tonne (gpt) gold across 31 metres.
  • Channel 109 averaged 7.8 gpt gold across 7.5 metres.
  • Channel 110 averaged 28.7 gpt gold across 20 metres.
  • Channel 114 averaged 2.2 gpt gold across 5.5 metres.
Eastern Reef Zone
At the Eastern Reef Zone, stripped off exposures have been subdivided into three areas of continuous exposed outcrop, designated as the north block, middle block and south block. All assays now have been received from the five separate channels cut and sampled to date. Starting from the northern most end of the north block, Channel 107 is oriented along the axis of the north block, trending south-southwest, then turns to the southeast. Channels 111, 112 and 113 are oriented perpendicular to Channel 107. Results of all sampled channels at the Eastern Reef Zone's north block are summarized as follows:
  • Channel 107 averaged 4.2 gpt gold across 92.5 metres.
  • Channel 111 averaged 5.5 gpt gold across 6.5 metres.
  • Channel 112 averaged 4.8 gpt gold across 9.5 metres.
  • Channel 113 averaged 5.4 gpt gold across 14.5 metres.
In the south block, Channel 108, which sampled the southern half of the south block, is oriented roughly north-south and averaged 2.8 gpt gold across 49.5 metres.

There are not yet any channels sampled in the middle block, nor in the northern half of the south block.

Average channel assays reported in this release are in respect of all channels sampled to date at both the Eastern Reef and the 007 Zones. These averages include some previously announced results. Channel lengths reported in this release represent gold values within the 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 at the Eastern Reef Zone and approximately 2 metres at the 007 Zone.

Both the Eastern Reef and the 007 Zones are located within the Pardo JV Property. 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 currently evaluating financial and technical reports recently received from the operator to determine its current interest.

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 Bandito Rare Earth-Niobium Property in the Yukon, the Elephant Gold Property in Alaska, and the Rattlesnake Hills Gold Property in Wyoming.

ENDURANCE GOLD CORPORATION

Robert T. Boyd
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 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: 007 Channel Sampling Assays - 8/29/13
Pardo JV Property
Sample Length
(cm)
Au
(g/t)
Ch-13-106(1) 50 43.0
Ch-13-106(2) 50 33.5
Ch-13-106(3) 50 35.9
Ch-13-106(4) 50 25.0
Ch-13-106(5) 50 18.8
Ch-13-106(6) 50 7.7
Ch-13-106(7) 50 8.0
Ch-13-106(8) 50 26.0
Ch-13-106(9) 50 5.3
Ch-13-106(10) 50 172.0
Ch-13-106(11) 50 27.0
Ch-13-106(12) 50 30.5
Ch-13-106(13) 50 6.7
Ch-13-106(14) 50 16.4
Ch-13-106(15) 50 63.0
Ch-13-106(16) 50 60.8
Ch-13-106(17) 50 9.4
Ch-13-106(18) 50 106.0
Ch-13-106(19) 50 97.8
Ch-13-106(20) 50 20.0
Ch-13-106(21) 50 41.9
Ch-13-106(22) 50 44.0
Ch-13-106(23) 50 41.8
Ch-13-106(24) 50 29.2
Ch-13-106(25) 50 45.3
Ch-13-106(26) 50 43.6
Ch-13-106(27) 50 133.0
Ch-13-106(28) 50 53.8
Ch-13-106(29) 50 61.7
Ch-13-106(30) 50 29.1
Ch-13-106(31) 50 34.7
Ch-13-106(32) 50 39.2
Ch-13-106(33) 50 0.6
Ch-13-106(34) 50 1.9
Ch-13-106(35) 50 4.3
Ch-13-106(36) 50 17.1
Ch-13-106(37) 50 18.6
Ch-13-106(38) 50 24.8
Ch-13-106(39) 50 4.6
Ch-13-106(40) 50 49.0
Ch-13-106(41) 50 84.1
Ch-13-106(42) 50 104.0
Ch-13-106(43) 50 11.3
Ch-13-106(44) 50 30.7
Ch-13-106(45) 50 42.8

 
Address: Suite 1700 - 750 West Pender Street
Vancouver, BC
Canada V6C 2T8
Phone:
Fax:
Email:
604-682-2707
604-681-0902
info@endurancegold.com
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
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Endurance Gold is a gold development stage 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$ 14.2 millions as of today (US$ 10.4 millions, € 9.4 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.

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Financings of Endurance Gold Corporation
7/23/2016Closes First Tranche of Private Placement
2/27/2014Close First Tranche of Private Placement
2/18/2014Announces Private Placement of $300,000
7/11/2013Closes Private Placement of $500,000
6/12/2013Announces Private Placement Of $500,000
5/25/2012Closes Private Placement Of $500,000
5/11/2012Announces Private Placement Financing
8/10/2011Closes Private Placement Of $350,000
8/2/2011Increases Private Placement
7/25/2011Announces Private Placement of $250,000
2/18/2011Announces Private Placement of $540,000
3/31/2010Shareholders Exercise 95 Percent Of Expiring Warrants
Nominations of Endurance Gold Corporation
4/29/2011Robert Pease Appointed To Board Of Directors
10/11/2007 Appoints Robert Boyd to Board of Directors
Financials of Endurance Gold Corporation
8/22/2007Reports 2007 Second Quarter Financial Results and Summary of...
Project news of Endurance Gold Corporation
11/21/2013Completes 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...
9/3/2013Initiates 2013 Rattlesnake Hills Exploration Program, Wyomin...
4/10/2013Significantly Expands Rattlesnake Hills Gold District Proper...
4/4/2013Partner 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
8/1/2012Doubles Size of McCord Creek Gold Property, Alaska
5/2/2012Identifies Partner To Fund The McCord Creek Gold Property, L...
4/25/2012Soil Anomalies Discovered on the McCord Creek Property, Live...
3/29/2012(Pardo)Enters Into Joint Venture On Pardo Gold, Ontario
2/27/2012Expands 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 ...
8/17/2011Exploration 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
1/13/2010Ginguro 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
7/23/2016Endurance Closes First Tranche of Private Placement
6/30/2016Endurance Gold Announces Private Placement of $500,000
6/29/2016Endurance Announces Update On Rattlesnake Hills District, Wy...
5/26/2016Endurance Announces Grant Of Stock Options
10/20/2015Endurance Confirms No Material Change
10/13/2015Endurance Closes the Sale of Rattlesnake Hills Property, Wyo...
8/10/2015Endurance Announces Sale of Rattlesnake Hills Property, Wyom...
6/11/2015Exploration Commenced - Elephant Mountain Intrusive-Hosted G...
4/20/2015Significant Intrusive-Hosted Gold Targets Confirmed - Elepha...
4/7/2015Endurance Gold Announces Private Placement of $500,000
3/10/2015Endurance Announces Start Of Drilling - Pardo JV, Ontario
1/20/2015Endurance Announces Winter Drill Program - Pardo JV, Ontario
1/15/2015Endurance Announces Winter Drill Program - Pardo Jv, Ontario
11/20/2014Endurance Provides Update From The Pardo Joint Venture, Onta...
11/20/2014Endurance Provides Update from the Pardo Joint Venture, Onta...
10/30/2014Endurance Closes Private Placement Of $650,000
10/20/2014Endurance Provides Further Update From The Godzilla Zone, Pa...
10/16/2014Endurance Announces Re-Pricing And Increase Of Private Place...
9/29/2014Endurance Reports 25 Metres of 3.4 Grams Per Tonne Gold from...
1/13/2014Encouraging Gold Results In Intrusive - Elephant Mountain Go...
12/19/2013(Pardo)Pardo JV Operator Provides Clarifying Disclosure on Eastern ...
12/3/2013Serves 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...
9/27/2012Wide Low Grade Gold Zone Discovered on Flint Lake (Dogpaw) J...
1/9/2012Acquires Intrusive-Hosted Gold Prospect In Alaska
10/12/2011Trench 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...
5/11/2011Creates Technical Advisory Committee
3/17/2011Closes Private Placement Of $540,000
4/12/2010President and CEO Duncan McIvor Passes away
11/13/2009Granted State Leases Totaling An Additional 2,560 Acres In R...
6/26/2009Identifies Gold Mineralization On 100% Owned Gold Properties...
2/1/2008Virginia 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 ...
8/20/2007Completes 56 Holes at Pardo
7/12/2007Moves Drill To Pardo For 80 Hole Program
5/24/2007Stakes Additional Claims Near Pardo And Turner Properties
3/28/2007Stakes Additional 175 Claim Units Around Turner Property
3/28/2007Options Remaining Dogpaw Lake Area Claims To North American ...
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