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Re: News Releases - Monday, July 25, 2011
Exploration Commenced On The Bandito Rare Earth And Nickel
Property
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Endurance Gold Corporation (EDG -- TSX.V) is pleased to announce that
an exploration team is now on-site and has commenced a geological and
geochemical sampling program on the Bandito rare earth and nickel
project. Multiple targets on the Bandito Property have grab samples
that exceed 3% total rare earth oxides, up to 11% nickel, and 2.07%
copper. Stream sediment sample anomalies indicate potential for the
discovery of additional nickel, copper and gold mineralization.
The objective of the planned program is to advance several of the rare
earth and nickel exploration targets to drill stage by the fall of
2011.
Highlights of the planned program include:
- Completion of a large five by three kilometer soil sampling grid that
evaluates the area of known nickel and rare earth mineralization.
- Completion of a property scale mapping for geology and alteration.
- Completion of extensive reconnaissance and prospect scale rock sampling.
- All geological mapping, rock and soil sampling will be supported by
portable XRF.
- Trenching and rock chip sampling of prioritized areas.
- Prospecting of the source area of 2010 stream sediments that were
elevated in base metals and rare earth elements.
- Collection of a representative sample of the nickel-copper
mineralization for testwork and petrography.
- All soil and rock samples will be analyzed for base metals and
the rare-earth suite of elements. Selected suites will be analyzed
for the precious metals.
Highlights for the sixteen (16) rare earth, nickel, copper and gold
targets are summarized in the Company press releases dated May 24, 2011
and June 14, 2011.
Endurance has engaged Equity Exploration Consultants Ltd. (Equity) to
manage the program. Equity is a private, Canadian company established
in 1987, which is focused on providing high quality mineral exploration
services. Equity's core strength is its full-time staff of 14 expert
geologists and support team members, in addition to a wide network of
associates fulfilling technical and logistical roles.
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 by
December 31, 2012 and also completing 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 2010 work
requirements.
ENDURANCE GOLD CORPORATION
Per:
Robert T. Boyd
President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, info@endurancegold.com
www.endurancegold.com
Grab samples are selective by nature and are unlikely to represent
average grades on the property or within the target areas.
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.
View in PDF:
Associated File:
http://www.endurancegold.com/i/pdf/2011-07-25_NR.pdf
152 KB in size, approx. 29 seconds to download at 56.6Kbps
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Copyright (c) 2011 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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EXPLORATEUR |
CODE : EDG.V |
ISIN : CA29267M1086 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Endurance Gold est une société développant des projet miniers d'or basée au Canada. Ses principaux projets en exploration sont CARTER en USA et ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO et DOGPAW LAKE au Canada. Endurance Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 14,2 millions CA$ (10,4 millions US$, 9,4 millions €). La valeur de son action a atteint son plus bas niveau récent le 16 janvier 2009 à 0,01 CA$, et son plus haut niveau récent le 15 juillet 2022 à 0,57 CA$. Endurance Gold possède 101 090 000 actions en circulation. |