=======================================================================
Re: News Release - Thursday, March 03, 2011
Additional Staking Further Increases Size of the Bandito Project,
Yukon
=======================================================================
Endurance Gold Corporation (EDG - TSX.V, "Endurance") is pleased to
announce that it has recently staked an additional 110 claims to
increase the size of the Bandito property to 255 claims or about 5,300
hectares. The Bandito Property is governed by the Bandito Property
Option Agreement dated August 20, 2010 between Endurance and True North
Gems Inc. (TGX: TSX-V). Endurance has the right to earn up to 75% joint
venture interest.
The property is located in the Yukon, 155 kilometres east of Watson
Lake, 18 kilometres east of North Toobally Lake and about 60 kilometres
northeast of the road head at Smith Falls, British Columbia. The
Bandito property hosts potential for the discovery of nickel, copper
and rare earth mineralization based on grab samples that have returned
up to 11% nickel, 2.07% copper, and 0.584% total rare earth oxides and
yttrium. The geological setting and analytical results from current and
historic work on Bandito are summarized and tabulated in Endurance
press releases issued on November 22, 2010 and December 21 2010. Grab
samples are selective by nature and are unlikely to represent average
grades on the Bandito property. A 2011 summer program is currently in
the planning stages.
Under the terms of the agreement, Endurance can earn an initial 51%
joint venture interest in the Bandito property in Watson Lake district,
Yukon 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 that will allow Endurance to acquire an additional 24%
interest (total 75%) by issuing TGX 200,000 shares of Endurance and by
completing an additional C$1,000,000 in exploration expenditures prior
to December 31, 2015.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
Per: -------------------
President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation (604) 682-2707, info@endurancegold.com
www.endurancegold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release. This news release may contain forward looking statements
based on assumptions and judgments of management regarding future
events or results that may prove to be inaccurate as a result of
factors beyond its control, and actual results may differ materially
from the expected results.
=======================================================================
Copyright (c) 2011 ENDURANCE GOLD CORPORATION (EDG) All rights
reserved. For more information visit our website at
http://www.endurancegold.com/ or send mailto:info@endurancegold.com
=======================================================================
.
|
Endurance Gold Corporation
|
|
EXPLORATEUR |
CODE : EDG.V |
ISIN : CA29267M1086 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Endurance Gold est une société développant des projet miniers d'or basée au Canada. Ses principaux projets en exploration sont CARTER en USA et ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO et DOGPAW LAKE au Canada. Endurance Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 15,2 millions CA$ (11,2 millions US$, 10,1 millions €). La valeur de son action a atteint son plus bas niveau récent le 16 janvier 2009 à 0,01 CA$, et son plus haut niveau récent le 15 juillet 2022 à 0,57 CA$. Endurance Gold possède 101 090 000 actions en circulation. |