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Endurance Gold Corporation

Publié le 20 octobre 2014

Endurance Provides Further Update ...

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Endurance Provides Further Update From The Godzilla Zone, Pardo Joint Venture, Ontario


October 20, 2014
Endurance Provides Further Update From The Godzilla Zone, Pardo Joint Venture, Ontario

Endurance Gold Corporation (EDG -- TSX.V, "Endurance") announces the remaining 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 kilometres ("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.

All channel sample assays have now been received from a total of 527 metres ("m") of channel samples cut at the Godzilla Zone. A distinct and approximately flat lying rock unit has been recognized and is traceable in the exposed outcrop over a north-south trend. This conglomerate unit contains elevated gold mineralization, such as that represented in Channel 34, which averaged 5.2 grams per tonne ("g/t") gold over 140 m (see press release dated September 2, 2014). This gold-bearing conglomerate sampled at the Godzilla Zone appears to have an average true thickness of approximately 4 m.

New results, not previously reported, include Channel 43 which was cut perpendicular to Channel 34 and averaged 1.5 g/t gold over 28 m, including 8.4 g/t over 4.5 m through the higher-grade conglomerate unit seen in Channel 34. Channels 44 through 48 were cut to the west of Channel 34 and intersected anomalous gold grades ranging from 0.1 g/t over 3 m in Channel 44 and up to 0.6 g/t over 17.5 m in Channel 47. Channels 49 through 61 were cut east of Channel 34 and intersected anomalous to higher gold grades including 1.0 g/t over 50.5 m in Channel 55.

A table summarizing the lengths and average grades of all channels sampled at the Godzilla Zone, as well as maps and cross sections illustrating the geology and channel sample locations can be found on the Company's website at www.endurancegold.com.

Due to the nearly flat lying nature of the host conglomerate and the irregular surface outcrop pattern, this gold bearing conglomerate unit is not consistently exposed at surface. West of the better gold mineralized areas of the Godzilla exposure, an approximate north-south fault exposes the upthrown Archaen unconformity and conglomerates that underlie the "targeted" conglomerate. Between this western fault and Channel 34, the rock exposed is also stratigraphically below the "targeted" gold-rich conglomerate unit and the rocks exposed to the east (generally uphill) are overlying the "targeted" gold-rich conglomerate unit.

The higher grade "targeted" conglomerate unit at the Godzilla Zone has potential to continue to the east as supported by the intersection, in a recent drill hole PD-14-21, of visible gold at a depth of approximately 35 m within the stratigraphic interval which can be correlated with the better gold values at Godzilla. The Pardo JV is currently awaiting assays for drill hole PD-14-21, which is located approximately 200 metres east of the Godzilla Zone. The known gold mineralization within the near surface basal conglomerate on the Pardo JV Property now extends approximately 3 km north-south by approximately 1.1 km east-west.

The operator reports that field crews are mapping the Godzilla Zone in detail and exploring other areas of the Pardo JV Property. This prospecting and geological work will continue through to the end of the October. Assay results will continue to be received through at least mid-November.

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.

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. 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 new samples reported in this release 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. 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 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, [email protected]
www.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.
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Endurance Gold Corporation

EXPLORATEUR
CODE : EDG.V
ISIN : CA29267M1086
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Endurance Gold est une société d’exploration minière d'or basée au Canada.

Ses principaux projets en exploration sont CARTER en USA et ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO et DOGPAW LAKE au Canada.

Endurance Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 34,9 millions CA$ (27,9 millions US$, 24,4 millions €).

La valeur de son action a atteint son plus bas niveau récent le 16 janvier 2009 à 0,01 CA$, et son plus haut niveau récent le 26 février 2021 à 0,44 CA$.

Endurance Gold possède 101 090 000 actions en circulation.

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Financements de Endurance Gold Corporation
23/07/2016Closes First Tranche of Private Placement
27/02/2014Close First Tranche of Private Placement
18/02/2014Announces Private Placement of $300,000
11/07/2013Closes Private Placement of $500,000
12/06/2013Announces Private Placement Of $500,000
25/05/2012Closes Private Placement Of $500,000
11/05/2012Announces Private Placement Financing
10/08/2011Closes Private Placement Of $350,000
02/08/2011Increases Private Placement
25/07/2011Announces Private Placement of $250,000
18/02/2011Announces Private Placement of $540,000
31/03/2010Shareholders Exercise 95 Percent Of Expiring Warrants
Nominations de Endurance Gold Corporation
29/04/2011Robert Pease Appointed To Board Of Directors
11/10/2007 Appoints Robert Boyd to Board of Directors
Rapports Financiers de Endurance Gold Corporation
22/08/2007Reports 2007 Second Quarter Financial Results and Summary of...
Projets de Endurance Gold Corporation
21/11/2013Completes 2013 Rattlesnake Hills Exploration Program in Wyom...
28/10/2013(Pardo)Responds To Arbitration Notice Respecting The Pardo Joint V...
24/09/2013(Pardo)Final Gold Assays At 007 And Eastern Reef Zones Pardo Gold J...
03/09/2013Initiates 2013 Rattlesnake Hills Exploration Program, Wyomin...
10/04/2013Significantly Expands Rattlesnake Hills Gold District Proper...
04/04/2013Partner Proceeds with McCord Creek Gold Property Option, Ala...
21/01/2013(Bandito)to Acquire 100% Interest in the Bandito Heavy Rare Earth Nio...
11/09/2012(Pardo)Drilling Commences on Pardo Gold Joint Venture, Ontario
01/08/2012Doubles Size of McCord Creek Gold Property, Alaska
02/05/2012Identifies Partner To Fund The McCord Creek Gold Property, L...
25/04/2012Soil Anomalies Discovered on the McCord Creek Property, Live...
29/03/2012(Pardo)Enters Into Joint Venture On Pardo Gold, Ontario
27/02/2012Expands Land Position on Elephant Gold Prospect, Alaska
19/09/2011(Bandito)Drilling Commenced on the Bandito Property
08/09/2011(Bandito)Copper, Rare Earth and Niobium Prospects Discovered Bandito ...
17/08/2011Exploration Commenced on the Mccord Creek Gold Property, Liv...
25/07/2011(Bandito)Exploration Commenced On The Bandito Rare Earth And Nickel P...
03/03/2011(Bandito)Additional Staking Further Increases Size of the Bandito Pro...
24/08/2010(Dogpaw Lake)New High Grade Gold Zone Discovered on Dogpaw Lake Joint Ven...
29/06/2010(Pardo)2010 Drilling Commenced
13/01/2010Ginguro Reports High Grade Grab Sample Results On Endurance ...
23/11/2009(Nechako)Nechako Drill Program Results
27/10/2009(Nechako)Completes Drilling on the Nechako Gold Project, B.C., and Ge...
18/08/2009(Pardo)Commences Work On Endurance Pardo Property
20/02/2008(Pardo)Pardo Cyanide Leach and Screen Fire Metallic Analytical Resu...
Communiqués de Presse de Endurance Gold Corporation
23/07/2016Endurance Closes First Tranche of Private Placement
30/06/2016Endurance Gold Announces Private Placement of $500,000
29/06/2016Endurance Announces Update On Rattlesnake Hills District, Wy...
26/05/2016Endurance Announces Grant Of Stock Options
20/10/2015Endurance Confirms No Material Change
13/10/2015Endurance Closes the Sale of Rattlesnake Hills Property, Wyo...
10/08/2015Endurance Announces Sale of Rattlesnake Hills Property, Wyom...
11/06/2015Exploration Commenced - Elephant Mountain Intrusive-Hosted G...
20/04/2015Significant Intrusive-Hosted Gold Targets Confirmed - Elepha...
07/04/2015Endurance Gold Announces Private Placement of $500,000
10/03/2015Endurance Announces Start Of Drilling - Pardo JV, Ontario
20/01/2015Endurance Announces Winter Drill Program - Pardo JV, Ontario
15/01/2015Endurance Announces Winter Drill Program - Pardo Jv, Ontario
20/11/2014Endurance Provides Update From The Pardo Joint Venture, Onta...
20/11/2014Endurance Provides Update from the Pardo Joint Venture, Onta...
30/10/2014Endurance Closes Private Placement Of $650,000
20/10/2014Endurance Provides Further Update From The Godzilla Zone, Pa...
16/10/2014Endurance Announces Re-Pricing And Increase Of Private Place...
29/09/2014Endurance Reports 25 Metres of 3.4 Grams Per Tonne Gold from...
13/01/2014Encouraging Gold Results In Intrusive - Elephant Mountain Go...
19/12/2013(Pardo)Pardo JV Operator Provides Clarifying Disclosure on Eastern ...
03/12/2013Serves Defense and Counterclaim - Arbitrator Appointed
06/09/2013(Pardo)Further Results At Eastern Reef Zone Discovery, Pardo Gold J...
29/08/2013(Pardo)Further High Grade Gold at 007 Zone Discovery, Pardo Gold Jo...
15/08/2013(Pardo)New High Grade Gold Discoveries On Pardo Gold Joint Venture,...
05/11/2012(Bandito)New "Heavy" Rare Earth And Niobium Discoveries At Bandito, Y...
27/09/2012Wide Low Grade Gold Zone Discovered on Flint Lake (Dogpaw) J...
09/01/2012Acquires Intrusive-Hosted Gold Prospect In Alaska
12/10/2011Trench Returns 2.65% Treo+Y over 6 Meters
01/06/2011(Bandito)2011 Bandito Rare Earth and Nickel Program Initiated
24/05/2011(Bandito)Bandito Rare Earth Alteration System Expanded Nine Square Ki...
11/05/2011Creates Technical Advisory Committee
17/03/2011Closes Private Placement Of $540,000
12/04/2010President and CEO Duncan McIvor Passes away
13/11/2009Granted State Leases Totaling An Additional 2,560 Acres In R...
26/06/2009Identifies Gold Mineralization On 100% Owned Gold Properties...
01/02/2008Virginia Silver Property Optionor Mega Silver Inc. Completes...
28/01/2008 Retains Renmark Financial Communications Inc.
05/11/2007 Commences Aerial Survey Of Pardo Property; Provides Turner ...
20/08/2007Completes 56 Holes at Pardo
12/07/2007Moves Drill To Pardo For 80 Hole Program
24/05/2007Stakes Additional Claims Near Pardo And Turner Properties
28/03/2007Stakes Additional 175 Claim Units Around Turner Property
28/03/2007Options Remaining Dogpaw Lake Area Claims To North American ...
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