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New High Grade Gold Discoveries on Pardo Gold Joint Venture, Ontario
New High Grade Gold Discoveries on Pardo Gold Joint Venture, Ontario Vancouver, British Colu...
About this update from Endurance Gold Corporation
[{"type":"text","content":"New High Grade Gold Discoveries on Pardo Gold Joint Venture, OntarioNew High Grade Gold Discoveries on Pardo Gold Joint Venture, Ontario\nVancouver, British Columbia CANADA, August 15, 2013 /FSC/ - 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 recently made two separate finds of high grade gold mineralization at the Pardo paleo-placer gold property. The Pardo JV Property is comprised of 16 claims covering approximately 33 square kilometers and is located 65 kilometres northeast of Sudbury, Ontario. Endurance currently owns a 45% joint venture interest. \nTwo zones have recently been identified that have returned the highest-grade material found to date at Pardo.  These zones, hosted in conglomerates, known as the \"007 Zone\" and the \"Eastern Reef\" are 600 meters apart and located in the north-central portion of the Pardo JV Property.\nDiamond saw channels and grab samples have been taken to characterize the two zones. Preliminary sampling results are summarized in the attached tables 1, 2, and 3.  \nThe 007 Zone appears to consist of two separate conglomerate units in a stacked sequence. A heavily mineralized pyritic conglomerate returned grab samples ranging from 25.3 to 245.0 grams per tonne (g/t) gold (Au), and 11 channel samples ran between 5.3 and 151.0 g/t Au. The observation of fine grained visible gold associated with pyritic conglomerate is common. The other 007 Zone conglomerate unit was sampled with 3 channels and assayed from 7.3 to 8.2 g/t Au.\nThe Eastern Reef conglomerate, which is located 600 meters northeast of the 007 Zone appears to be 3 to 3.5 meters thick and is well mineralized throughout. It has been channel sampled in 12 separate places, across a length of 150 meters. These channels ranged in gold values from 1.1 to 40.0 g/t. \nCurrently, the operator reports that mechanical stripping is extending both the 007 Zone and the Eastern Reef in order to uncover the full extent of the mineralization at surface. All exposed rock surfaces will then be washed to facilitate detailed mapping and comprehensive contiguous channel sampling. The size of the zones presently remains unknown.  Ongoing and future work will serve to determine the full...