Gold Tenements For Sale

 Endeavour Gold Pty Ltd

 

Summary:
Endeavour Gold Pty Ltd presents an excellent opportunity for interested parties to secure three high grade lode gold mining tenements, native title free, yielding 1-3 ounces per ton at 96% pure gold grade.

Location and Access:
Endeavout Gold pty ltd holds the present tenements the “Monte Christo” ML6534, “Poverty”ML6790 and “Rocky Road”ML7199 are located on the north eastern boarder of the Palmer Gold Fields and lie 80km south west of Cooktown, 10km south east of Lakeland and approximately 180 km north of Mareeba.

Description:
Endeavour Gold Pty Ltd established and incorporated 1996, is a privately owned base/strategic metal exploration and mining development company with no debts and registered in Australia.

ACN 072 501 690
Registered Office Head Office:
Level 28
140 St George Terrace
Perth. Western Australia. 6000
PH: +61 4 07575996
FAX: +61 8 9322 1491

Endeavour Gold Pty Ltd invites interested parties for a full purchase of the company, or joint venture or farm-in arrangements.

Generous Vendor Terms will be available.

Endeavour Gold Pty Ltd presents an excellent opportunity for interested parties to secure three high grade lode gold mining tenements, native title free, yielding 1-3 ounces per ton at 96% pure gold grade.

Endeavour Gold Pty Ltd is an Australian based minerals company established to explore for, discover and potentially develop gold, copper, uranium and other base and strategic minerals in Australia.

Endeavour Gold holds a strong portfolio of mining tenements and this offering has potential for both early development of the Company’s gold resources and advancement of its exploration prospects with the existing resource base offering, in effect, the platform for accelerated growth.

The company has consolidated its strategic position within the region by having carefully acquired a portfolio of rich gold bearing deposits covering an area in excess of 80 hectares. The resources commence from the surface and thereby offer the Company an opportunity to advance the projects to early development of mining operations.

The Company’s projects are located in the state of Queensland in Eastern Australia on the Palmer Gold Fields, known as a world-class gold province, and are held 100% through its wholly owned entity Endeavour Gold Pty Ltd.

Queensland, Australia, has a rich history of significant gold discoveries, is politically stable, well-developed mining laws and many world-class deposits in major commodities.

The Company’s efforts have been focused on lode gold mining and exploration, principally derived from older timers’ tenements that have proven track records of rich bearing gold reefs and mineral extraction.

The Company’s main assets are three exciting large gold yield mining tenements known as:

• The Monte Christo ML 6534 Approx: 40 Hectares
• The Poverty ML 6790 Approx: 30 Hectares
• The Rocky Road ML 7199 Approx: 12.5 Hectares

Endeavour Gold Pty Ltd plans to expand and diversify its mineral exploration and mining development opportunities beyond its existing operations if a full sale is not eventuated.

If a joint venture relationship is established the company aims to develop economic mineral reserves through cost efficient exploration, and joint ventures with reputable partners with the ultimate goal of discovering and developing mineral reserves to enlarge their present rich mining portfolio.

This will include the research of released leases and registering exploration mining permits for precious and base strategic high value commodities such as diamonds, gold, lead, zinc, copper, and “future metals” including platinum, palladium, molybdenum, and uranium, whilst maintaining its focus within the Australian borders.

Geology:
5.0 Mining Tenements

THE MONTE CHRISTO
ML 6534

The “Monte Christo” lease consists of a system of five independent reef systems. The five main ore deposits are the Monte Christo, the Endeavour Reef 1, the Endeavour reef 2, the Norton Reef and the Blue Peter or Lady Nelson reef.

The Endeavour reefs are seen to be on the same geological vein structure as the Maddens mine.

They have all been worked by the old timers, and have proven track record of rich bearing gold reefs.

The Monte Christo reef reflects assay results of up to 3-4 ounces per ton.

The Endeavour 1-2 reefs and the Norton Reef have shown consistent returns of 2 ounces per ton.

THE POVERTY LEASE
ML 6790

This lease is approximately 3 kilometres north of the Monte Christo lease and Rocky Road tenements. It consists of a reefing system containing at least four separate ore bodies.

The Poverty lease has been partly developed by Endeavour Gold Pty Ltd having installed an audit tunnel 350 metres in cross cut. Two production drives have been developed on two major reef systems, facilitating an immediate start to production upon recommissioning.

Bulk sampling from cross cut ore bodies has yielded between 7-62 grams per ton.

THE ROCKY ROAD LEASE
ML 7199

The Rocky Road lease consists of a large number of reefs systems worked by the old timers. Historical data confirm yields of 2 ounces per ton.

History:
Exploration was commenced in 1979 and by 1984 “West Normanby Gold” held twelve granted mining tenements of both alluvial tin and lode gold.

After the downturn in the commodity tin price, “Normanby” focused on lode gold.

The “Maddens Mine” that was reopened by Normanby Gold yielded $750,000.00 in the first twelve months of operation. Due to management disputes this mine was sold in 1991 and has gone on to produce over $10 million in the first three years and $1 million in the following years per annum.

The remaining tenements had been either sold or released, with the exception of two leases.

Endeavour Gold Pty Ltd was incorporated in January of 1996, through the assimilation of West Normanby Gold and Sydneyside Investments.

The two leases, the Monte Christo and Poverty with the inclusion of the third purchased in 1996, the “Rocky Road” made up the Endeavour Gold Pty Ltd mining portfolio.

At the height of its operations in 1998 Endeavour Gold Pty Ltd was valued at

AUD$1.3 million with the mining tenements having an intrinsic value of AUD$975,000.00, when a gold ounce was valued at US$280.00 at a currency exchange rate of average 1.62 – valuing an ounce of gold at AUD$453.00.

Additional Information:

Contact: Max Spaanenburg
Telephone: +61407575996
Email: mrcs@bigpond.com
Website:

Additional Photos: