Vancouver – Trenching by Endurance Gold (EDG-V) on its Pardo property, located 65 km northeast of Sudbury in northern Ontario, has returned a significant interval of gold mineralization.
Three strong induced polarization (IP) chargeability anomalies were exposed by trenching, with mineralized sections of the basal conglomerate sequence returning intervals up to 13 metres grading 3.5 grams gold per tonne, including a one-metre section of 15.3 grams gold. Trench 2 also returned a composite average grade of 1.5 grams gold from 42 one-metre channel samples.
The conglomerates at Pardo unconformably overlying Archean basement rocks and are a Proterozoic-aged basal unit of the Huronian Supergroup sedimentary assemblage forming the large Cobalt Embayment. Widespread low-grade gold mineralization occurs in the conglomerates with higher-grade sections associated with more pyritized zones (along with pyrrhotite).
Past drilling confirms the conglomerate has a thickness of at least 125 metres, is flat-lying and near surface within the project area. Mineralization has been identified over a 5-km north-south strike length.
Endurance is excited about the project’s potential in that it is analogous to South Africa’s prolific Witwatersrand Basin that has produced well over one billion ozs. of gold since the late-1800s. Further exploration will include a drill program to test areas where strong surface mineralization has been identified.
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