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Re: News Releases - Monday, September 19, 2011
Drilling Commenced on the Bandito Property
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Endurance Gold Corporation (EDG -- TSX.V) is pleased to announce that a
light weight portable
Diamond drill is now on-site and has commenced a
program to test several copper-nickel, rare earth, and niobium
prospects identified during the recent summer exploration program. A
summary of the initial results from mapping and rock sampling for the
recent summer field program was provided in the Company's release dated
September 8, 2011.
Priority targets that are scheduled for drill testing include:
The objective of the drilling program is to test these targets in areas
of thin overburden and poor outcrop to establish the nature of the
mineralization. Several priority copper and nickel targets have been
proposed for drilling. These prospects have grab sample values up to
2.53% copper, 1.76% copper, and 11.0% nickel. Logistical access to
water has resulted in these copper-nickel drill holes being deferred
until the next drill program.
Endurance has engaged Aurora Geosciences Ltd of Whitehorse as the drill
contractor and to manage the current program. The drilling program is
being managed by Michael Wark, P. Geol., Project Manager - Geology for
Aurora Geosciences' Whitehorse office and a Qualified Person under NI
43-101 requirements. The Winkie drill being used for this program will
have a minimal impact to surface disturbance and is lightweight,
compact, and can be carried by two men in difficult terrain. Total
weight of the drill and frame is 185 pounds (84.1 kg.). Angled drill
holes are possible. Drill holes will be shallow and used as an
expeditious alternative to trenching and result in less surface
disturbance than trenching.
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 and 2011 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
All 2011 samples were analyzed at ALS Minerals using the ME-MS81,
ME-AQ81 and OG46 for high copper. For ME-MS81, a prepared sample (0.200
g) is added to lithium metaborate flux (0.90 g), mixed well and fused
in a furnace at 1000�C. The resulting melt is then cooled and dissolved
in 100 mL of 4% HNO3 / 2% HCl solution. This solution is then analyzed
by inductively coupled plasma - mass spectrometry. The lithium
metaborate fusion is not the preferred method for the determination of
base metals, thus the prepared sample was also subject to an aqua regia
digestion (ME-AQ81) and analyzed by inductively coupled plasma --
atomic emission spectroscopy for the reporting of the base metal
values. For ME-OG26, a sample that analyzed over 10,000 ppm copper with
ME-AQ81 is digested in 75% aqua regia for 120 minutes. After cooling,
the resulting solution is diluted to volume (100 mL) with de-ionized
water, mixed and then analyzed by inductively coupled plasma - atomic
emission spectrometry or by atomic absorption spectrometry.
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.
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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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