Ginguro Provides Clarifying Disclosure on Eastern Reef and 007 Zone
20 December 2013 - 8:15AM
Marketwired
Ginguro Provides Clarifying Disclosure on Eastern Reef and 007 Zone
SUDBURY, ONTARIO--(Marketwired - Dec 19, 2013) - Ginguro
Exploration Inc. (TSX-VENTURE:GEG) (the "Company") is providing the
following clarification regarding previously disclosed results of
channel sampling from the Eastern Reef and 007 Zone discovery
areas. This clarification pertains to press releases issued by
Ginguro on August 15th and 29th, 2013 and on September 6th and
24th, 2013.
Ginguro's disclosure of the length weighted average grades of
several channel samples included language cautioning that the
lengths reported did not represent true thicknesses of gold bearing
units. The September 6, 2013 release indicated that the true
thickness at the Eastern Reef was estimated at between 3 and 6
meters, while the true thickness at the 007 Zone was estimated at 2
meters. The Company wishes to further clarify that the channel
samples are contiguous over the surface. Due to the near flat lying
nature of the sedimentary strata, it is not possible to cut samples
across the gold-bearing strata. Samples are collected either
parallel or perpendicular to the interpreted paleochannel
direction. The channel lengths reported in the releases represent
the gold distribution over the surface area sampled and do not
represent true thicknesses of the mineralized unit.
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.
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.
Ginguro Exploration Inc.Richard MurphyPresident and CEO(705)
222-8800(705) 222-8801info@ginguro.comwww.ginguro.com
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