Page 30 By Gregory Reynolds A 13 million exploration program is being undertaken by Ginguro Explora tion Inc and Endurance Gold Corpora The Pardo Property is a 1 13 sq km pa leoplacer gold property 65 km north east of Sudbury Initial work will continue the program of prospecting stripping and channel sampling started last year which led to the high grade gold discoveries of the 007 and Eastern Reef Zones The new program also includes geo physical assessment by ground pen etrating radar of the sedimentary rocks associated with the gold bearing lay ers and a radon gas survey that will be used to search for buried high grade gold shoots similar to the 007 Zone In addition as part of the 2014 pro gram a study of the primary distribu will be undertaken This study will be conducted under the direction of Jim T ilsley a recognized expert in deter mining best sampling procedures in complex gold deposits It is anticipated that the study which will include drilling of new boreholes as well as special lar ge diameter holes will establish the technical framework Arbitration hearing will not stop exploration work Pardo partners for future drilling to as ing any min eral resource While Gin guro and En durance are currently in arbitration regarding the joint venture ownership percentages and some matters re operation both parties recognize the importance of continuing exploration of their exciting project and not losing the The parties have agreed that Endurance will initially participate at a funding level of 365 and Ginguro at 635 Ownership percentages at the time of the were Ginguro 55 and Endurance 45 The funding level agreed by the parties in order to facilitate the commencement parties actual joint venture interests which will be determined in the arbitra tion I am very happy to be getting back to the work that led to the discovery and initial sampling of the 007 and Eastern Reef Zones last year commented Rich ard Murphy president and CEO of Gin guro I believe the work we will be undertak ing over the rest of the year will add tre shareholders Ginguro is a mineral exploration com pany focused on the advancement of its Pardo paleoplacer gold property located in Pardo T ownship in Northern Ontario Robert Boyd president and CEO of Endurance stated that Endurance is pleased to see activities recommence arbitration action by late summer Endurance is a company focused on the acquisition exploration and devel opment of highly prospective North American mineral properties with the potential to develop worldclass de posits The company s exploration focus for projects operated by Endurance is intrusiverelated mineral systems with potential for discovery of major new precious or rare metals deposits and its business plan of fers shareholders exposure to several majorityowned discovery potential such as the El ephant Gold Property in Alaska the Rattlesnake Hills Gold Property in W yoming and the Bandito Rare Earth Niobium Property in the Y ukon The 2014 Pardo Program also includes geophysical assessment by ground penetrating radar of the sedimentary rocks associated with the gold bearing layers and a radon gas survey that will be used to search for buried high grade gold shoots similar to the 007 Zone In addition a study of the primary claims will be undertaken It is an ticipated that the study which will in clude drilling of new boreholes as well as special lar ge diameter holes will establish the technical framework for mineral resource On June 2 Endurance said in order to see the 2014 Program advance the parties have agreed that the date of approval of the program to procure the funding required for its calls from the operator until the 30 days after any agreement by the par ties or decision by the arbitrator as to ef fective until Dec 31 2014 SUDBUR Y MINING REPOR T 2014