News Release 06-12
Endurance Gold Corporation (EDG - TSX.V) is pleased to announce that field programs will commence on its Pardo and Minnitaki Projects in Ontario, beginning in early June.
On the Pardo Project, located 65 kilometres northeast of Sudbury, a major stripping and channel sampling program will open up ten zones of previously identified gold mineralization hosted within Proterozoic conglomerates of the Huronian Supergroup. Historic exploration work on the property, between 1996 and 1999, identified widespread, low grade gold mineralization hosted within the conglomerates. That work returned individual grab samples of up to 9.9 grams per tonne ("gpt") gold, and channel samples to 0.996 gpt gold over 12 metres. Mineralization has been defined to date over a north-south strike length of 5 kilometres. This program is designed to open up and sample the ten top priority targets on the property, to determine if the basal conglomerate hosts sufficient grade and width to justify an aggressive drill campaign. To date, the known zones of mineralization have never been drill tested. At current gold price, the project has very strong potential, given the large volume of flat lying, near surface conglomerate on the property. Endurance is earning a 100% interest in the property by making cash payments of $100,000 and issuing 200,000 shares over a four year period.
On its 100% owned Minnitaki Property, acquired by staking in March this year, and located in the Sioux Lookout region of northwestern Ontario, Endurance will complete a program of line-cutting, ground magnetics, and Induced Polarization ("IP") surveys. The work will cover a strong ovoid magnetic anomaly felt to represent a large quartz feldspar intrusion. Immediately south of the property, a similar intrusion has returned gold intercepts to 2.06 gpt Au over 31.83 metres. The suspected porphyry on the Minnitaki property has never been drill tested. Pending the results of the surface work, a diamond drilling program will be slated for this summer.
On the BQ Property, west of Smithers, B.C., an IP crew has mobilized to the property, to complete an additional 12 kilometres of survey work.
Duncan McIvor, P. Geo, is the Qualified Person under National Instrument 43-101, and is responsible for the content of this News Release.
ENDURANCE GOLD CORPORATION
Duncan McIvor
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT EITHER
Duncan McIvor (604) 682-2707, or Jeffrey Wilson, Corporate Communications (604) 868-0225, or visit our website at www.endurancegold.com.
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.