Pardo JV Operator Provides Clarifying Disclosure on Eastern Reef and 007 Zoneadmin
Pardo JV Operator Provides Clarifying Disclosure on Eastern Reef and 007 Zone
Vancouver, British Columbia CANADA, December 19, 2013 /FSC/ – Endurance Gold Corporation (EDG – TSX Venture), (“Endurance”), announces that the operator of the Pardo Joint Venture property (“Pardo JV Property”) has provided Endurance the following clarification regarding previously disclosed results of channel sampling from the Eastern Reef and 007 Zone discovery areas. This clarification pertains to press releases issued by Endurance on August 15th and 29th, 2013 and on September 6th and 24th, 2013. The Pardo JV Property is comprised of 16 claims covering approximately 33 square kilometres and is located 65 kilometres northeast of Sudbury, Ontario.
The Operator’s disclosure and Endurance’s subsequent identical disclosure of the length weighted average grades of several channel samples included language cautioning that the lengths reported did not represent true thicknesses of gold bearing units. The September 6, 2013 release indicated that the true thickness at the Eastern Reef was estimated at between 3 and 6 meters, while the true thickness at the 007 Zone was estimated at 2 meters. The Operator wishes to further clarify that the channel samples are contiguous over the surface. Due to the near flat lying nature of the sedimentary strata, it is not possible to cut samples across the gold-bearing strata. Samples are collected either parallel or perpendicular to the interpreted paleochannel direction. The channel lengths reported in the releases represent the gold distribution over the surface area sampled and do not represent true thicknesses of the mineralized unit.
Endurance currently holds a minority joint venture interest in the Pardo JV Property. The operator of the Pardo JV Property program is Ginguro Exploration Inc. (“GEG”).
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, firstname.lastname@example.org
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.
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.
To view the press release as a PDF file, please click on the following link:
Source: Endurance Gold Corporation – (TSXV: EDG)
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Posted: December 19th, 2013 under FSCWIRE.