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Re: News Release - Thursday, January 31, 2008
Virginia Silver Property Optionor Mega Silver Inc. Completes
Major Transaction And Listing
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Endurance Gold Corporation (EDG -- TSX.V) is pleased to announce that
Mega Silver Inc. (MSR-V) has completed its major transaction and
listing, and will commence the planning and implementation of an
exploration program on the Virginia Silver Property, located in the
Smithers region of northwestern British Columbia. Under the terms of
the agreement, dated September 14, 2007, Mega Silver has an option to
acquire a 75% interest in the Virginia Silver and surrounding Annie
claims (collectively the "Virginia Silver Property"), comprising 10
claims totaling 3,041 hectares. To earn its interest, Mega Silver must
make $350,000 in cash payments to Endurance and incur an aggregate of
CDN$3.0 million in expenditures (or make commensurate cash payments to
Endurance) on or before August 07, 2009. Of those totals, cash payments
totaling CDN$100,000 and a minimum of CDN$250,000 in exploration
expenditures are required on and by the first anniversary date of the
option agreement.
ENDURANCE GOLD CORPORATION
Per: "Duncan McIvor"
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT EITHER
The TSX Venture Exchange or any other regulatory authority has not
reviewed, and does not accept responsibility for, the adequacy or
accuracy of this news release.
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Copyright (c) 2008 ENDURANCE GOLD CORPORATION (EDG) All rights
reserved. For more information visit our website at
http://www.endurancegold.com/ or send mailto:info@endurancegold.com
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Endurance Gold Corporation
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EXPLORATION STAGE |
CODE : EDG.V |
ISIN : CA29267M1086 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Endurance Gold is a gold exploration company based in Canada. Its main exploration properties are CARTER in USA and ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO and DOGPAW LAKE in Canada. Endurance Gold is listed in Canada. Its market capitalisation is CA$ 15.2 millions as of today (US$ 11.1 millions, € 10.4 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. |