Endurance Gold Corporation (EDG -- TSX.V, "Endurance") announces approval of the Pardo Joint Venture Property ("Pardo JV Property") winter program for 2015. 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.
The Pardo JV Management Committee has approved a winter exploration program, which includes: i) diamond drilling, ii) a desktop mining study, iii) additional metallurgical test work, and iv) a detailed geological analysis of the gold hosting sedimentary units intersected in drill core.
The diamond drilling will primarily focus on the area encompassed by the relatively flat lying Godzilla and 007 Gold Zones, which were expanded through discovery this past field season. Winter drilling is scheduled to start later this winter and expected to be completed by the end of March.
The desktop mining study will be undertaken by WSP Canada with the purpose of completing a mining and infrastructure analysis. The study will include an environmental and permitting process review and a preliminary geologic interpretation on the Godzilla & 007 Zones. The desktop mining study will assist in advancing the Pardo JV project towards a bulk sampling and test mining decision.
Metallurgical test work includes a whole-ore leach amenability test. If this test work is positive, the Pardo JV can evaluate the mining and gold recovery alternative of whole-ore leaching. If the whole-ore amenability testing is not favourable, future metallurgical test work will continue on optimizing the milling and standard gravity/leach gold recovery methods where initial test work has resulted in excellent recoveries.
The detailed geological analysis of the sedimentary units hosting the gold is known as a 'facies analysis' and is a standard methodology in modelling and interpreting paleo-placer gold resources. The outcome of this work will be incorporated into a 3-D geologic model for the Pardo JV property which will ensure confidence in any future resource estimation.
In the preparation of this news release, Endurance has relied on information prepared 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 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 a delineated mineral resource.
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
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