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Re: News Releases - Wednesday, August 17, 2011
Exploration Commenced on the Mccord Creek Gold Property,
Livengood, Alaska
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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 100% owned McCord Creek Gold
Property. The McCord property is located in the eastern extension of
the Livengood gold district and immediately adjoins International Tower
Hill's ("ITH") Livengood Property on the eastern side. As summarized in
the release of October 20, 2010, the McCord claims were located to
cover the stream catchment area for two encouraging gold anomalies in
stream sediment samples collected from McCord Creek and analysed by the
State of Alaska Division of Geological and Geophysical Surveys ("DGGS")
in 2005.
Reported gold values in McCord Creek from the DGGS survey were 110 ppb
and 61 ppb.
http://www.endurancegold.com/McCord/McCord_Alaska_Claims_StreamSeds_v5
..pdf.
These values compare favourably with the best analytical gold
values of 201 ppb, 73 ppb, and 72 ppb in the same survey from ITH's
pre-feasibility stage Livengood deposit. As a result of several years
of exploration, ITH now report a 13.3 million ounce gold resource on
their Livengood deposit (see ITH website).
The Livengood district has not been glaciated and therefore the stream
sediment gold anomalies at the McCord Creek Property are interpreted to
represent a source area within the McCord Creek drainage catchment. The
exploration program consists of geological mapping and the collection
of approximately 400 soil samples using a powered soil auger when
required.
Endurance has engaged Metallogeny, Inc. of Fairbanks Alaska to manage
the program.
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
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. Robert T. Boyd, P.Geo., President, CEO and
Director, is a qualified person as defined in National Instrument
43-101 and supervised the compilation of the information forming the
basis for this release.
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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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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 development stage 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$ 14.2 millions as of today (US$ 10.3 millions, € 9.4 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. |