January 03, 2008
Surface Sampling Defines Multiple New Targets At Pardo
|Endurance Gold Corporation (EDG -- TSX.V) is pleased to announce analytical results for 223 rock samples collected during a reconnaissance mapping program completed on the property in November, 2007. All samples were of variably pyritic conglomerate, and collected in areas of the property east, west and south of most previous mapping and sampling.|
Sixty six of the two-hundred and twenty three samples (29.6%) returned strongly anomalous gold values in excess of 250 ppb Au. Of these, thirty samples returned gold values in excess of 500 ppb Au (a probable lower ore-grade cut-off in a low strip ratio, open pit mining scenario), with four samples grading in excess of 1000 ppb Au ( to a high of 1833 ppb Au).
A map illustrating the sample locations will be available for viewing at the Endurance Gold booth (#411) during the upcoming Cambridge House International Investment Forum, to be held January 20-21 at the Pan Pacific Hotel in Vancouver, British Columbia. Core from the July, 2007 diamond drilling program will also be available.
These results have identified multiple new targets requiring follow-up sampling and drill testing, which is slated to commence in June, 2008.
Also on the property, the Induced Polarization ("IP") geophysical crew has been remobilized following a short Christmas break, to complete the previously announced 26 line-kilometres of additional survey work.
The Pardo Property, located 65 kilometres northeast of Sudbury, Ontario, covers a large area of flat lying, Proterozoic age, pyritic quartz pebble dominant conglomerates, which rest unconformably on Archean age metasediments. Gold mineralization defined to date (3.5 grams per tonne or 3,500 ppb Au across 13 metres in surface channel sampling, and 1.67 grams per tonne, or 1,670 ppb Au over 8.4 metres in vertical drill holes) is spatially associated with both pyrite mineralization and the unconformity. The property is comprised of 2,864 hectares, only a small portion of which has been drill tested to date.
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
/s/ 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 http://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.
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