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 1-metre section of 15.3 grams gold. Trench 2 also returned a composite average grade of 1.5 grams gold from 42 1-metre channel samples.
The conglomerates at Pardo unconformably overlie 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, which has produced well over 1 billion oz. gold since the late 1800s. Further exploration will include a drill program to test areas where strong surface mineraalization has been identified.
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