Ginguro Receives Assays for 42.5 Metres at Eastern Reef
06 September 2013 - 11:52PM
Marketwired Canada
Ginguro Exploration Inc. (TSX VENTURE:GEG) (the "Company" or "GEG") is pleased
to announce the first results from contiguous channel sampling of the Eastern
Reef Zone at the Company's Pardo property, located approximately 65 km northeast
of Sudbury, Ontario.
Assays for 42.5 meters of a 92.5 meter channel have been received. Over this
42.5 metres, assays for 85 samples, each 50 centimeters in length, returned an
average of 4.4 g/t. Contained within this 42.5 metres, a continuous section of
23.5 metres returned an average of 6.6 g/t Au. Individual samples are listed in
a table at the end of this release.
The Eastern Reef is located in the north-central part of the Pardo property. The
other newly uncovered surface gold zone, the 007 Zone, is located 600 metres
southwest of the Eastern Reef. Work to date suggests that the area between these
zones is underlain by similar geology.
Maps of each of the Eastern Reef and the 007 Zone, as well as the broader
discovery area, can be found on the company's website at www.ginguro.com.
Additional channel samples from both the Eastern Reef and the 007 Zone have also
been delivered for assay and will be announced once received.
Table 1: Eastern Reef
Continuous Channel Sample Assays
Channel # Length (cm) Au (g/t)
CH-13-107-01 50 1.5
CH-13-107-02 50 9.6
CH-13-107-03 50 1.9
CH-13-107-04 50 1.4
CH-13-107-05 50 1.7
CH-13-107-06 50 7.1
CH-13-107-07 50 1.4
CH-13-107-08 50 0.9
CH-13-107-09 50 0.6
CH-13-107-10 50 1.0
CH-13-107-11 50 0.2
CH-13-107-12 50 4.3
CH-13-107-13 50 0.8
CH-13-107-14 50 0.2
CH-13-107-15 50 0.1
CH-13-107-16 50 0.1
CH-13-107-17 50 0.1
CH-13-107-18 50 3.5
CH-13-107-19 50 2.4
CH-13-107-20 50 0.7
CH-13-107-21 50 0.5
CH-13-107-22 50 0.2
CH-13-107-23 50 1.7
CH-13-107-24 50 0.7
CH-13-107-25 50 1.6
CH-13-107-26 50 0.9
CH-13-107-27 50 1.7
CH-13-107-28 50 2.9
CH-13-107-29 50 8.2
CH-13-107-30 50 0.2
CH-13-107-31 50 0.0
CH-13-107-32 50 0.0
CH-13-107-33 50 1.0
CH-13-107-34 50 6.4
CH-13-107-35 50 1.7
CH-13-107-36 50 0.1
CH-13-107-37 50 1.3
CH-13-107-38 50 0.3
CH-13-107-39 50 6.1
CH-13-107-40 50 7.7
CH-13-107-41 50 2.9
CH-13-107-42 50 9.8
CH-13-107-43 50 6.3
CH-13-107-44 50 0.5
CH-13-107-45 50 0.4
CH-13-107-46 50 5.6
CH-13-107-47 50 12.6
CH-13-107-48 50 3.5
CH-13-107-49 50 19.4
CH-13-107-50 50 6.6
CH-13-107-51 50 0.4
CH-13-107-52 50 0.6
CH-13-107-53 50 0.9
CH-13-107-54 50 9.5
CH-13-107-55 50 5.7
CH-13-107-56 50 6.3
CH-13-107-57 50 8.9
CH-13-107-58 50 11.6
CH-13-107-59 50 5.9
CH-13-107-60 50 12.5
CH-13-107-61 50 13.5
CH-13-107-62 50 0.8
CH-13-107-63 50 1.9
CH-13-107-64 50 7.6
CH-13-107-65 50 4.8
CH-13-107-66 50 12.2
CH-13-107-67 50 33.0
CH-13-107-68 50 9.2
CH-13-107-69 50 2.9
CH-13-107-70 50 8.5
CH-13-107-71 50 9.6
CH-13-107-72 50 4.9
CH-13-107-73 50 4.9
CH-13-107-74 50 0.2
CH-13-107-75 50 1.2
CH-13-107-76 50 1.3
CH-13-107-77 50 2.2
CH-13-107-78 50 9.6
CH-13-107-79 50 4.9
CH-13-107-80 50 1.4
CH-13-107-81 50 6.2
CH-13-107-82 50 4.1
CH-13-107-83 50 7.9
CH-13-107-84 50 8.5
CH-13-107-85 50 2.9
The channel lengths reported in this release represent gold values within the
pyritic conglomerate outcrop at surface and do not represent true thicknesses of
the gold bearing conglomerate. The gold-bearing conglomerate is estimated to
have a true thickness of between 3 and 6 metres in this area.
Both the Eastern Reef and the 007 Zone are located within the Pardo JV Property.
Ginguro holds a 55% interest and Endurance Gold Corporation holds the remaining
interest in the Pardo JV. Ginguro is funding 100% of the most recently approved
program.
About Ginguro
Ginguro Exploration Inc. is a mineral exploration company focused on the
advancement of its Pardo paleo-placer gold property, located in Pardo Township
in northern Ontario. To learn more about Ginguro Exploration Inc., please visit:
www.ginguro.com.
The Qualified Person responsible for the geological technical content of this
news release is Richard Murphy, P.Geo, President and CEO of Ginguro Exploration
Inc.
Statements in this release that are forward-looking statements are subject to
various risks and uncertainties concerning the specific factors disclosed under
the heading "Risk Factors" in the Corporation's filings with Canadian securities
regulators. Such information contained herein represents management's best
judgment as of the date hereof based on information currently available. The
Corporation does not assume any obligation to update any forward-looking
statements, save and except as may be required by applicable securities laws.
Pardo samples are transported in security sealed bags for preparation at AGAT
Prep Lab located in Sudbury, Ontario. Prepped samples are shipped for analysis
to the AGAT Assay Laboratory in Mississauga, Ontario. AGAT Laboratories Ltd. is
an ISO 17025 registered laboratory. Samples are analyzed by industry standard 50
gram fire assay fusion with atomic absorption spectroscopy (AAS) finish, and a
gravimetric finish on samples exceeding 10 g/t gold. The Company inserts a
certified reference standard or an analytical blank in every batch of 20
samples. Validation parameters are established in the database to ensure quality
control.
Neither 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 release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ginguro Exploration Inc.
Richard Murphy
President and CEO
(705) 222-8800
(705) 222-8801 (FAX)
info@ginguro.com
www.ginguro.com
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