Embed Size (px)
Citation preview
The Pardo Joint Venture
Witwatersrand-type Gold
March 2015
TSX.V: EDG
Pardo JV Project, Ontario
The information contained herein, while obtained from sources which we believe are reliable, is
not guaranteed as to its accuracy or completeness. The company is an exploration stage mineral
resource exploration company and none of its mineral projects have yet to be proven to be
economic. The contents of this presentation is for information purposes only and does not
constitute an offer to sell or a solicitation to purchase any securities referred to herein.
Forward-looking Statements
This presentation contains “forward-looking information” within the meaning of applicable
Canadian securities regulations. All statements other than statements of historical fact herein,
including, without limitation, statements regarding the company’s plans, goals or objectives and
future exploration, development, potential mineralization, exploration results and future plans are
forward-looking statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Readers are advised not to
place an undue reliance on forward-looking statements.
Corporate Disclosure
Pardo JV Gold Project, Ontario
Model analogous to Witwatersrand Basin in South Africa
• A Joint Venture with Ginguro Exploration Inc. (GEG) as Operator with 64.5% and Endurance with 35.5%.
• Located 65 km northeast of Sudbury, Ontario. Road accessible.
• Covers PreCambrian (Huronian) basal conglomerate analogous to Witwatersrand Basin in South Africa, which has produced 1.7 billion ounces gold.
• Between 2005 and 2012, 318 vertical drill holes have been completed to target the definition of gold-enriched conglomerate channels.
• The 2012 JV Drilling Program increased the size of known Trench 2 surface deposit to about 300 x 300 meters. A basin analysis study with Witwatersrand experts prioritized the joint venture claims.
• 2013 surface prospects with cut channel values up to 36.5 gpt gold over 31 metres and 28.7 gpt gold over 20 metres (estimated true width 2 metres).
• New 2014 surface discovery with cut channel values up to 10.4 gpt gold over 29 metres and 5.2 gpt gold over 140 metres (estimated true width 4 metres).
• 2015 Winter Drill program on the 2013 and 2014 Discoveries.
Huronian Basin in Ontario
Pardo Project
Huronian Supergroup
Huronian Basin Stratigraphy
Mississagi Fm. (fluvial, braided river sed.)
Pecors Fm.
McKim Fm. (turbidite)
Matinenda Fm.
Ramsay Lake Fm. (sandy diamictite)
(post-glacial basin/
deltaic deposits)
(fluvial sediments,
pyritic U-rich quartz pebble
conglomerate,
volcanic intercalations)
unconformity
Witwatersrand Basin vs. Huronian Basin
Central Rand East Rand
West Rand
Carletonville
Evander
Klerksdorp
Free State
WELKOM
KROONSTAD
BOTHAVILLE
KLERKSDORP
POTCHEFSTROOM
CARLETONVILLE
VEREENIGING
HEIDELBERG
JOHANNESBURG
VREDEFORT
Far West Rand
275 / 10.9
West Rand
70 / 8.2 Central Rand
250 / 11.1
Evander
43 / 7.6
East Rand
320 / 8.6
Welkom
295 / 8.8
Klerksdorp
175 / 10.4
Gold Field
Production / Grade (M ozs) (g/t Au)
Witwatersrand Gold Fields
Braided River Drainage System where gold settles
Witwatersrand Gold Production
Largest/richest gold deposit
in the world
Pardo Property
Analogous geological model
Drill Core Comparison
Detrital Pyrite Closely associated with Gold
Pardo JV Project – Channel System Targets
PARDO BASIN
Pardo JV Gold Project Geology & Drilling
Pardo JV Project - Regional Stratigraphy
Joint Venture Area
Shallow “Mid-fan” targets
“Distal” Deep targets
PD-10-46
0 1 2 3 4 5
1.502.603.414.415.005.445.866.096.747.248.11
8.408.979.319.78
10.2910.5812.2913.0913.8614.00
PD-10-47
0 1 2
1.502.42
4.06
5.005.41
6.04
6.617.40
8.26
9.029.68
10.4711.00
11.73
12.0912.50
13.00
13.6314.77
PD-10-41
0 1 2 3
5.56.006.747.10
8.008.148.659.41
10.0310.4310.5410.9111.2712.2112.71
13.2413.7914.0714.4414.5614.67
PD-10-42
0 1 2 3 4
3
3.28
4.34
4.87
6.03
6.51
6.86
8.1
9.16
9.97
10.8
11.6
11.7
11.7
12
12.3
13.1
13.2
13.6
13.9
14
14.9
15.6
15.9
16.1
16.4
17.4
PD-10-43
0 1 2
4.005.005.406.106.757.46
7.687.777.908.458.81
9.089.619.77
10.8611.7212.72
PD-10-61
0 1
5.70
6.13
6.61
6.74
7.42
8.09
8.90
9.26
9.66
10.33
PD-10-60
0 1
4.205.005.56
6.196.80
7.257.898.30
8.548.99
9.689.96
10.96
PD-10-76
0 1 2
5.506.467.127.868.78
12.3312.9713.7714.2815.14
16.2217.2418.0618.2519.2019.8420.2420.9121.4222.66
PD-10-60 PD-10-61 PD-10-43
PD-10-42 PD-10-41 PD-10-47 PD-10-46
PD-10-76
Upper polymictic large pebble conglomerate
Volcanic clast medium to large pebble conglomerate
Boulder Conglomerate
Basal quartz pyrite conglomerate
Archean Basement
(2g/t/1.71m)
(0.91g/t/1.0m) (1.3g/t/1.17m)
(1.78g/t/0.22m) (1.86g/t/3.53m)
0 m
10 m
20 m
!.
!.!.
!.!.!.!.
!.!.
!. !.!.!.!.!.
!. !.
!.!.
!.!.!.
!.!.!.
!.!.!.
!.!.!.
!.!.!.
!.!.!.
!.
!. !. !. !. !. !. !. !. !. !.!. !. !.
!. !. !. !. !.
!.!.!.
!.
!.
!.
!.
!.
!.!.
!.
!.
!.
!.!.
!. !.
!.
!.
!.
!.
!.
!.
!.
!. !.!.!.
!.
!.
!. !.
!.
!.!.
!.
!.
!.
!.
!.
!.
!.
!.
!.
!.!. !. !.
!.!.
!.!.
!.
!.
!.
!.
PD-09-12
PD-09-11
PD-09-10PD-09-08
PD-09-09
PD-09-07
17
16
13 12 11
PD-07-69PD-07-68PD-07-67PD-07-66
PD-07-65
PD-07-62PD-07-61PD-07-60PD-07-59
PD-07-58
PD-07-57
PD-07-56PD-07-55PD-07-54
PD-07-53
PD-07-52
PD-07-51PD-07-50
PD-07-43
PD-07-38PD-07-37
PD-07-35
PD-07-20PD-07-18
PD-07-17
PD-07-11
PD-07-10PD-07-09
PD-07-03
0
99
98
97
96
78
76
70
63
62
6160
59
5857
56
55
545352
51
50
49
48
47
46
45
4443
4241
40
113
112
111
110109
108107
106
105104100
556000.000000
556000.000000
51
83
00
0
.00
00
00
51
83
00
0.0
00
00
0
Legend
Drillholes 2010
!. Drilled
!( Planned
Interpreted Boulder Conglomerate Channels
RIVERS
LAKES
DOLERITE DYKES
!. Pardo_PickleCrow_1956_DDH
!. Pardo_DDH_2006_Collars
!. Pardo_DDH_2007_Collars
!. Pardo_DDH_2008_Collars
!. Ginguro_2009_DDH_Collars
0 100 200 300 40050Meters
Section
Trench 2
Proximal Delta Mid-Fan Facies
Pardo JV Project - Cross Section Through Trench 1-2
007 Zone
Pardo JV Gold Project 007 Zone Channel Sampling – 2013 Discovery
Pardo JV Gold Project 007 Zone Channel Sampling – 2013 Discovery
North Block
Middle Block
South Block
Pardo JV Gold Project Eastern Reef Zone Channel Sampling (2013 and 2014)
Pardo JV Project – Reef Continuity
Pardo JV Gold Project Eastern Reef Zone Outcrop Stripping
Pardo JV Gold Project Eastern Reef Zone Outcrop Stripping
Pardo JV Gold Project Eastern Reef Zone Channel Sampling (2013 and 2014)
Pardo JV Gold Project Godzilla Zone Channel Sampling – 2014 Discovery
Pardo JV Gold Project Godzilla Zone – 2014 Discovery
Pyrite grain, pyrite pebble, and gold
concentrations in matrix between cobbles
Pardo JV Gold Project Higher Grade Targeting Methodology For Mississagi Conglomerate
Associated with
observed thinning
in the underlying
Matinenda
conglomerate
Area of
2015 Winter
Drilling
Pardo JV Project – 007 Zone Channel Sampling
0.5 metre long saw-cut channel samples
that weight over 2 kg each
Remove overburden from glacially polished outcrops
Then clean with fire hoses
Pardo JV Project – 007 Zone 2013 Channel Sampling
Pardo JV Project – 007 Zone Mineralization
Pardo JV Project 007 Zone - Visible Gold and Detrital Pyrite
Gold Assay
of 12.88 g/T
Note
abundant
free gold on
edges of
detrital
pyrite
(deposited
by river
action)
Polished Section of Gold Mineralization
Program Approved and Drilling to Commence March 2015
Current JV Winter Program includes:
• Drilling – Grid drilling on 25 x 50 grid
• Focus of grid drilling on the 007 and Godzilla Discoveries
• Metallurgical studies
007 Zone
007 Zone Extension
Eastern Reef
Western Reef Extension
Pardo JV Gold Project 2015 Program Status
2014 NEW GOLD FINDS
Godzilla Zone
www.endurancegold.com
Suite 303 – 543 Granville Street Vancouver, BC V6C 1X8 Canada
Telephone: 604-682-2707 Fax: 604-681-0902
