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Encouraging Gold Results in Intrusive - Elephant Mountain Gold Prospect, Alaska
Encouraging Gold Results in Intrusive - Elephant Mountain Gold Prospect, Alaska Vancouver, ...
About this update from Endurance Gold Corporation
[{"type":"text","content":"Encouraging Gold Results in Intrusive - Elephant Mountain Gold Prospect, AlaskaEncouraging Gold Results in Intrusive - Elephant Mountain Gold Prospect, Alaska \n\nVancouver, British Columbia CANADA, January 13, 2014 /FSC/ - Endurance Gold Corporation  (EDG - TSX.V, \"Endurance\"), is pleased to announce that field work activity in 2013 has identified encouraging gold values on its 4,960 acre Elephant Mountain Property (the \"Property\"). The 2013 summer program returned gold values in grab samples up to 4.4 grams per tonne (\"g/t\") gold associated with a strong gold-arsenic soil anomaly. The company has also finalized the comprehensive option agreement on the Property with the private vendor. \n\nThe Property is located in the Rampart-Eureka-Hot Springs placer gold mining district near Eureka, Alaska and can be accessed by road and trails from Eureka, a placer mining area located about 76 miles (123 kilometres) west of Fairbanks.  \n\nThe Property was explored for gold by Placer Dome, Inc. (\"PDI\") between 1989 and 1992. PDI identified a gold-arsenic soil geochemical anomaly over the intrusive that extends for at least 6,000 feet and up to 1,500 feet wide (1,830 metres and up to 457 metres wide), with peak values in the PDI soil samples up to 1,540 parts per billion (\"ppb\") gold. During that time, PDI completed trenching and ten (10) drill holes primarily in this North Zone soil anomaly. 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 metres) and bottomed in mineralization. In the PDI drill holes, gold mineralization is associated with arsenopyrite and native gold related to quartz veinlet stock-work, in silicified, fractured and sericite altered intrusive. The intrusive host is a multi-phase Cretaceous-aged diorite to granite pluton that intrudes quartzite, siltstone and shale.  Subsequent to the PDI exploration program, other companies completed some surface prospecting and mapping, soil sampling, ground magnetics and induced polarization geophysical surveys, and two drill holes in 2000. \n\nA 2007 prospecting and sampling program resulted in the discovery of gold values in grab samples of quartz vein material from the intrusive including 12.98 g/t, 5.21 g/t, 3.02 g/t, 2.59 g/t and 2.18 g/t gold. These hi...