New High Grade Gold Discoveries on Pardo Gold Joint Venture, Ontario
Vancouver, 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.
Two 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.
Diamond 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.
The 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.
The 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.
Currently, 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 extent of these zones.
Endurance currently holds a 45 percent joint venture interest in the Pardo Property. The operator of the Pardo 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.
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.
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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Table 1: 007 Zone - Pardo JV Property
Pyritic Boulder Conglomerate Unit
Sample ID Type Length Au(g/t)
(cm)
CH-13-86 Channel 45 76.7
CH-13-87 Channel 30 102.0
CH-13-88 Channel 45 71.7
CH-13-89 Channel 45 60.6
CH-13-93 Channel 45 34.7
CH-13-94 Channel 45 151.0
CH-13-95 Channel 45 89.5
CH-13-96 Channel 45 68.2
CH-13-97 Channel 45 5.3
CH-13-102 Channel 45 28.2
CH-13-103 Channel 45 31.7
PD-13-92 Grab N/A 29.2
PD-13-93 Grab N/A 186.0
PD-13-94 Grab N/A 62.9
PD-13-95 Grab N/A 46.6
PD-13-96 Grab N/A 25.3
PD-13-97 Grab N/A 72.4
PD-13-104 Grab N/A 183.0
PD-13-105 Grab N/A 245.0
PD-13-107 Grab N/A 117.0
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Table 2: 007 Zone - Pardo JV Property
Boulder Conglomerate Unit
Sample ID Type Length Au(g/t)
(cm)
CH-13-99 Channel 45 7.3
CH-13-100 Channel 45 7.5
CH-13-101 Channel 45 8.2
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Table 3: Eastern Reef - Pardo JV Property
Boulder Conglomerate Unit
Sample ID Type Length Au(g/t)
(cm)
Ch-13-72 (1) Channel 30cm 8.9
Ch-13-72 (1) Channel 30cm 12.5
Ch-13-72 (1) Channel 30cm 2.3
Ch-13-73 Channel 30cm 4.1
Ch-13-73 Channel 30cm 2.9
Ch-13-74 Channel 25cm 1.9
Ch-13-74 Channel 25cm 1.1
Ch-13-75 Channel 30cm 2.9
Ch-13-76 Channel 30cm 29.5
Ch-13-76 Channel 30cm 4.5
Ch-13-76 Channel 20cm 8.3
Ch-13-76 Channel 20cm 7.2
Ch-13-77 Channel 20cm 9.2
Ch-13-77 Channel 20cm 18.2
Ch-13-77 Channel 20cm 23.0
Ch-13-77 Channel 20cm 40.0
Ch-13-77 Channel 20cm 1.7
Ch-13-77 Channel 20cm 4.7
Ch-13-77 Channel 20cm 3.5
Ch-13-78 Channel 20cm 6.7
Ch-13-79 Channel 20cm 9.0
Ch-13-80 Channel 20cm 7.7
Ch-13-81 Channel 20cm 3.1
Ch-13-82 Channel 20cm 3.1
Ch-13-83 Channel 20cm 6.1
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NEWS RELEASE 13-06
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http://www.usetdas.com/pr/EnduranceGoldAug152013.pdf
Source: Endurance Gold Corporation - (TSXV: EDG)
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