Last C$0.22 CAD
Change Today -0.035 / -14.00%
Volume 141.0K
GEG On Other Exchanges
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Venture
Berlin
OTC US
As of 3:54 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

ginguro exploration inc (GEG) Snapshot

Open
C$0.23
Previous Close
C$0.25
Day High
C$0.24
Day Low
C$0.21
52 Week High
09/18/13 - C$0.35
52 Week Low
02/5/14 - C$0.12
Market Cap
18.3M
Average Volume 10 Days
63.4K
EPS TTM
C$-0.01
Shares Outstanding
85.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for GINGURO EXPLORATION INC (GEG)

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ginguro exploration inc (GEG) Details

Ginguro Exploration Inc. engages in the acquisition, exploration, and advancement of gold, precious metal, and base metal properties in Canada and Chile. It holds interests in the Pardo, Four Corners, and Grigg/Fraleck gold properties located in Sudbury, Ontario; and the El Alto iron oxide-copper-gold property situated north of Santiago. The company was incorporated in 2005 and is based in Sudbury, Canada.

ginguro exploration inc (GEG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$110.0K
Chief Financial Officer, Secretary, Director ...
Total Annual Compensation: C$82.5K
Compensation as of Fiscal Year 2013.

ginguro exploration inc (GEG) Key Developments

Ginguro Exploration Inc. Reports Assay Results from the Godzilla Zone on the Pardo Joint Venture Property

Ginguro Exploration Inc. released assay results from the Godzilla Zone on the Pardo Joint Venture property, which is located approximately 65 km north-east of Sudbury, Ontario. Ginguro is the operator of the Pardo JV and holds a 64.5% ownership interest and Endurance Gold Corporation owns a 35.5% ownership interest. Assays have been received for three additional channel samples taken at the recently discovered Godzilla Zone. Channel 14-34 returned an average of 5.2 grams per tonne (g/t) gold over 140 metres. Channel 14-35, which was cut sub-parallel to channel 14-34 at a slightly higher elevation, averaged 2.6 g/t gold over 18.5 metres. Channel 14-36, which was cut approximately perpendicular to channel 14-34 and channel 14-35, averaged 1.5 g/t gold over 21.5 metres. Channel 14-34 is comprised of a 95 metre long north section that averaged 4.5 g/t, and a south section that averaged 6.5 g/t over 45 metres. The two sections of the channel include minor offsets where necessary to cross covered areas and are separated by a five-metre section where no rock is exposed. All of the channel sampling at the Godzilla Zone is now complete. A total of 527 metres of channel sample were cut across the zone. Assay results for 294 metres of channel samples remain outstanding. The exposed outcrop area that contains the Godzilla Zone mineralization measures 175 metres north-south by up to 125 metres east-west. The gold-bearing conglomerate sampled at the Godzilla Zone appears to have an average true thickness of approximately 4 metres.

Ginguro Exploration Inc. Releases Assay Results from the Godzilla Zone on the Pardo JV Property

Ginguro Exploration Inc. released assay results from the Godzilla Zone on the Pardo JV property, which is located approximately 65 km northeast of Sudbury, Ontario. Assays have been received for the first two continuous channel samples taken at the recently discovered Godzilla Zone. Channel 14-32 returned an average of 10.4 grams per tonne (g/t) gold over 29 metres. Channel 14-33, which was cut perpendicular to channel 14-32, averaged 1.4 g/t gold over 14 metres. The exposed outcrop area for the Godzilla Zone measures 175 metres north-south by up to 125 metres east-west. The gold-bearing conglomerate sampled at the Godzilla Zone appears to have an average true thickness of approximately 4 metres. Results have also been returned from two channels taken from the Western Reef Extension. These new results consisted of 1.3 g/t over 5.5 metres and 0.7 g/t over 4.5 metres. The Western Reef Extension is located 1 kilometre southwest of the Godzilla Zone and 2 kilometres southwest of the Eastern Reef. The gold-bearing conglomerate sampled at the Western Reef Extension appears to have an average true thickness of approximately 4 metres. All outstanding assays from the Western Reef extension have now been received.

Ginguro Exploration Inc. Discovers New High-Grade Gold Zone at Pardo

Ginguro Exploration Inc. announced the discovery of a new zone of high grade gold mineralization on the Pardo JV property, which is located approximately 65 km northeast of Sudbury, Ontario. The new area, called the Godzilla Zone, is located approximately 450 metres south of the high grade 007 Zone that was announced in August of 2013. An initial five grab samples at the Godzilla Zone yielded gold grades from 1.3 g/t to 10.7 g/t. The Godzilla Zone has now been exposed over a broad area measuring 150 metres north-south by up to 125 metres east-west. Three separate channel samples were taken along the north-south axis of the zone in order to begin to characterize the grade. These three initial channels ran 17.4 g/t Au over 3m, 14.1 g/t over 4m, and 26.2 g/t Au over 3m. Ginguro management believes that the assays from these initial test channels confirm the importance of this new area. The Godzilla Zone lies within a north-south oriented trend in which the host conglomerates of the Mississagi formation have eroded and channeled their way through the underling strata, including most of the gold-enriched Matinenda formation. As a result of this erosion, the Mississagi formation in this wide channel became significantly enriched with gold in a long-lived placer river setting. This interpreted trend extends from approximately 700 metres north of the 007 Zone to 850 metres south of the Godzilla Zone for a total of 2,000 metres north-south. The width of this interpreted channel may exceed 500 metres in places.

 

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