| | Published : November 05th, 2012 | New "Heavy" Rare Earth And Niobium Discoveries At Bandito, Yukon |
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Monday, November 05, 2012 New "Heavy" Rare Earth And Niobium Discoveries At Bandito, Yukon up to 3.5% TREO+Y (with 76% HREO ratio), 0.96% Nb2O5 and 43.6% ZrO2 Drilling Permit Granted
Endurance Gold Corporation (EDG - TSX.V) is pleased to announce the discovery of several new nepheline syenite hosted rare earth and niobium prospects identified while prospecting and sampling the 1.8 kilometer by 600 meter wide combined rare earth and niobium soil anomaly discovered in 2011. Highlights of bedrock grab and float samples include:
- Float - highly metasomatized syenite - 3.491% TREO+Y with 76.7% HREO ratio, 0.887% Nb2O5, 43.2% ZrO2.
- Float - highly metasomatized syenite - 1.978% TREO+Y with 74.9% HREO ratio, 0.958% Nb2O5, 43.6% ZrO2.
- Bedrock grab - hematite altered syenite - 0.698% TREO+Y with 46% HREO ratio.
- Float - altered syenite with fluorite - 0.323% Nb2O5.
- Float - hematite and fluorite altered and fractured syenite - 0.316% Nb2O5.
The mineralized prospects in syenite discovered in 2012 are distributed over a 2 square kilometer area that is largely underlain by the Proterozoic-aged Pool Creek nepheline syenite which has been hematite altered and sodium metasomatized. The area of mineralized prospects is largely tree and overburden covered with poor outcrop exposure. The coincidence of soil anomalies, concentrations of altered syenite boulders, and low frequency of non-syenite boulders are interpreted to suggest a local derivation for the encouraging rock samples.
"The results from the 2012 Bandito prospecting and rock sampling program have discovered additional intrusive hosted rare earth and niobium mineralization that indicate potential for discovery of a syenite-hosted rare earth-niobium-tantalum mineralizing system analogous to the Nechalacho and Strange Lake deposits" stated Robert T. Boyd, President and CEO, "The large nine square kilometers of alteration in syenite and host rock associated with large soil anomalies indicate that the Pool Creek syenite hosts a strong mineralizing system with significant exploration potential."
Summary maps of the niobium-tantalum and rare earth values in rock samples from 2011 and 2012 programs can be viewed on the company website at; http://www.endurancegold.com/s/Bandito.asp?ReportID=552932.
Murray Jones, P.Geo. (a qualified person as defined in National Instrument 43-101) of Equity Exploration Consultants Ltd. (Equity) managed the August 2012 rock sampling program and approved the technical content of this release. Equity is a private, Canadian company which is focused on providing high quality mineral exploration services.
The Yukon Ministry of Energy and Mines has granted Endurance a Class 3 permit that facilitates trenching and initial discovery stage drilling on the Bandito Property during 2013 and beyond.
Under the terms of the agreement with True North Gems Inc. ("TGX"), Endurance can earn an initial 51% joint venture interest in the Bandito property by completing a total of C$125,000 in cash payments and C$1,000,000 in exploration expenditures by December 31, 2013. Once Endurance earns its 51% interest, it has a further option to acquire an additional 24% interest (total 75%) by issuing TGX 200,000 shares of Endurance and by completing an additional C$1,000,000 in exploration expenditures prior to December 31, 2015. Endurance has exceeded its 2012 work requirements.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
Per: President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation (604) 682-2707, info@endurancegold.com www.endurancegold.com
Bedrock grab and float samples are selective by nature and are unlikely to represent average grades within the soil anomaly areas.
TREO+Y is the addition of all converted oxide percentage values for the complete suite of rare earth elements plus yttrium.
Heavy rare earths used in the percentage HREO calculation include Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, & yttrium.
All 2012 rock samples were analyzed at ALS Minerals Vancouver using ME-MS81 and ME-MS81h (ICP-MS after lithium metaborate fusion). Over limit analysis were assayed using i) OGREE for rare earth values in excess of 1,000 ppm (except yttrium), ii) ME-XRF30 for yttrium values in excess of 10,000 ppm, and iii) XRF10 for niobium values in excess of 2,500 ppm and zirconium values in excess of 10,000 ppm.
Neither the 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 news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results. | tr> |
Address: |
Suite 1700 - 750 West Pender Street Vancouver, BC Canada V6C 2T8 |
Phone: Fax: Email: |
604-682-2707 604-681-0902 info@endurancegold.com
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Endurance Gold Corporation
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EXPLORATION STAGE |
CODE : EDG.V |
ISIN : CA29267M1086 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Endurance Gold is a gold development stage company based in Canada. Its main exploration properties are CARTER in USA and ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO and DOGPAW LAKE in Canada. Endurance Gold is listed in Canada. Its market capitalisation is CA$ 14.2 millions as of today (US$ 10.4 millions, € 9.4 millions). Its stock quote reached its lowest recent point on January 16, 2009 at CA$ 0.01, and its highest recent level on July 15, 2022 at CA$ 0.57. Endurance Gold has 101 090 000 shares outstanding. |
Financings of Endurance Gold Corporation |
Nominations of Endurance Gold Corporation |
Financials of Endurance Gold Corporation |
Project news of Endurance Gold Corporation |
11/21/2013 | Completes 2013 Rattlesnake Hills Exploration Program in Wyom... |
10/28/2013 | (Pardo)Responds To Arbitration Notice Respecting The Pardo Joint V... |
9/24/2013 | (Pardo)Final Gold Assays At 007 And Eastern Reef Zones Pardo Gold J... |
9/3/2013 | Initiates 2013 Rattlesnake Hills Exploration Program, Wyomin... |
4/10/2013 | Significantly Expands Rattlesnake Hills Gold District Proper... |
4/4/2013 | Partner Proceeds with McCord Creek Gold Property Option, Ala... |
1/21/2013 | (Bandito)to Acquire 100% Interest in the Bandito Heavy Rare Earth Nio... |
9/11/2012 | (Pardo)Drilling Commences on Pardo Gold Joint Venture, Ontario |
8/1/2012 | Doubles Size of McCord Creek Gold Property, Alaska |
5/2/2012 | Identifies Partner To Fund The McCord Creek Gold Property, L... |
4/25/2012 | Soil Anomalies Discovered on the McCord Creek Property, Live... |
3/29/2012 | (Pardo)Enters Into Joint Venture On Pardo Gold, Ontario |
2/27/2012 | Expands Land Position on Elephant Gold Prospect, Alaska |
9/19/2011 | (Bandito)Drilling Commenced on the Bandito Property |
9/8/2011 | (Bandito)Copper, Rare Earth and Niobium Prospects Discovered Bandito ... |
8/17/2011 | Exploration Commenced on the Mccord Creek Gold Property, Liv... |
7/25/2011 | (Bandito)Exploration Commenced On The Bandito Rare Earth And Nickel P... |
3/3/2011 | (Bandito)Additional Staking Further Increases Size of the Bandito Pro... |
8/24/2010 | (Dogpaw Lake)New High Grade Gold Zone Discovered on Dogpaw Lake Joint Ven... |
6/29/2010 | (Pardo)2010 Drilling Commenced |
1/13/2010 | Ginguro Reports High Grade Grab Sample Results On Endurance ... |
11/23/2009 | (Nechako)Nechako Drill Program Results |
10/27/2009 | (Nechako)Completes Drilling on the Nechako Gold Project, B.C., and Ge... |
8/18/2009 | (Pardo)Commences Work On Endurance Pardo Property |
2/20/2008 | (Pardo)Pardo Cyanide Leach and Screen Fire Metallic Analytical Resu... |
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Corporate news of Endurance Gold Corporation |
7/23/2016 | Endurance Closes First Tranche of Private Placement |
6/30/2016 | Endurance Gold Announces Private Placement of $500,000 |
6/29/2016 | Endurance Announces Update On Rattlesnake Hills District, Wy... |
5/26/2016 | Endurance Announces Grant Of Stock Options |
10/20/2015 | Endurance Confirms No Material Change |
10/13/2015 | Endurance Closes the Sale of Rattlesnake Hills Property, Wyo... |
8/10/2015 | Endurance Announces Sale of Rattlesnake Hills Property, Wyom... |
6/11/2015 | Exploration Commenced - Elephant Mountain Intrusive-Hosted G... |
4/20/2015 | Significant Intrusive-Hosted Gold Targets Confirmed - Elepha... |
4/7/2015 | Endurance Gold Announces Private Placement of $500,000 |
3/10/2015 | Endurance Announces Start Of Drilling - Pardo JV, Ontario |
1/20/2015 | Endurance Announces Winter Drill Program - Pardo JV, Ontario |
1/15/2015 | Endurance Announces Winter Drill Program - Pardo Jv, Ontario |
11/20/2014 | Endurance Provides Update From The Pardo Joint Venture, Onta... |
11/20/2014 | Endurance Provides Update from the Pardo Joint Venture, Onta... |
10/30/2014 | Endurance Closes Private Placement Of $650,000 |
10/20/2014 | Endurance Provides Further Update From The Godzilla Zone, Pa... |
10/16/2014 | Endurance Announces Re-Pricing And Increase Of Private Place... |
9/29/2014 | Endurance Reports 25 Metres of 3.4 Grams Per Tonne Gold from... |
1/13/2014 | Encouraging Gold Results In Intrusive - Elephant Mountain Go... |
12/19/2013 | (Pardo)Pardo JV Operator Provides Clarifying Disclosure on Eastern ... |
12/3/2013 | Serves Defense and Counterclaim - Arbitrator Appointed |
9/6/2013 | (Pardo)Further Results At Eastern Reef Zone Discovery, Pardo Gold J... |
8/29/2013 | (Pardo)Further High Grade Gold at 007 Zone Discovery, Pardo Gold Jo... |
8/15/2013 | (Pardo)New High Grade Gold Discoveries On Pardo Gold Joint Venture,... |
11/5/2012 | (Bandito)New "Heavy" Rare Earth And Niobium Discoveries At Bandito, Y... |
9/27/2012 | Wide Low Grade Gold Zone Discovered on Flint Lake (Dogpaw) J... |
1/9/2012 | Acquires Intrusive-Hosted Gold Prospect In Alaska |
10/12/2011 | Trench Returns 2.65% Treo+Y over 6 Meters |
6/1/2011 | (Bandito)2011 Bandito Rare Earth and Nickel Program Initiated |
5/24/2011 | (Bandito)Bandito Rare Earth Alteration System Expanded Nine Square Ki... |
5/11/2011 | Creates Technical Advisory Committee |
3/17/2011 | Closes Private Placement Of $540,000 |
4/12/2010 | President and CEO Duncan McIvor Passes away |
11/13/2009 | Granted State Leases Totaling An Additional 2,560 Acres In R... |
6/26/2009 | Identifies Gold Mineralization On 100% Owned Gold Properties... |
2/1/2008 | Virginia Silver Property Optionor Mega Silver Inc. Completes... |
1/28/2008 | Retains Renmark Financial Communications Inc. |
11/5/2007 | Commences Aerial Survey Of Pardo Property; Provides Turner ... |
8/20/2007 | Completes 56 Holes at Pardo |
7/12/2007 | Moves Drill To Pardo For 80 Hole Program |
5/24/2007 | Stakes Additional Claims Near Pardo And Turner Properties |
3/28/2007 | Stakes Additional 175 Claim Units Around Turner Property |
3/28/2007 | Options Remaining Dogpaw Lake Area Claims To North American ... |
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