|By Marketwired .||
|December 19, 2013 04:15 PM EST|
SUDBURY, ONTARIO -- (Marketwired) -- 12/19/13 -- 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.
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.