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Endurance Identifies Gold Mineralization On 100% Owned Gold
Properties In Rattlesnake Hills Area, Natrona County, Wyoming
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Endurance Gold Corporation (EDG -- TSX.V), through its 100% owned US
subsidiary, Endurance Resources Inc., is pleased to announce that it
has completed an initial reconnaissance mapping and sampling program on
five of six of its 100% owned gold properties. The Endurance properties
are located immediately adjacent to the Evolving Gold property and
discovery located in the Rattlesnake Hills area of central Wyoming.
Endurance acquired the small but strategic property position through
staking earlier this year (see press release dated February 27, 2009).
Gold values up to 0.66 grams per tonne gold ("gpt Au") have been
returned from a geological environment identical to the adjacent
Evolving Gold discovery.
The five properties are located between 1.7 and 4.0 kilometres from the
North Stock target area on the Evolving Gold ground, where a 15,000
metre diamond drilling program is underway. Previously reported drill
intercepts by Evolving Gold on the North Stock target include 2.92 gpt
Au over 146.3 metres (Hole RSC-003), 2.74 gpt Au over 131.1 metres
(Hole RSC-007) and 0.90 gpt Au over a composite interval of 359.6
metres (Hole RSC-012). The sixth Endurance property is located
approximately 8 kilometres west of the Evolving Gold discovery and was
inaccessible due to winter wash outs.
The Endurance properties cover areas underlain by Tertiary phonolite
(alkalic) intrusions, emplaced into Precambrian aged metavolcanics.
This geological environment is identical to that hosting the Evolving
Gold discoveries, where gold mineralization occurs in brecciated zones
within the alkalic intrusions, and extends into the surrounding schists
of the Precambrian country rock.
Preliminary mapping by Endurance confirmed the presence of the Tertiary
alkalic intrusions on all five properties. Zones of intense brecciation
and shearing were noted on one of the five properties and two
properties contained areas of moderate iron staining indicative of
weathered sulphide mineralization. A total of 73 rock samples and 43
soil samples were collected during the program. One grab sample of the
brecciated material returned a gold analysis of 0.66 gpt Au. Elsewhere,
soil anomalies to 12 parts per billion were detected. All warrant and
require follow-up sampling.
The geologic setting of the Endurance's properties and the Evolving
Gold discovery are similar to large scale alkalic intrusive hosted gold
deposits within the Rocky Mountain alkalic gold province, that include
Cripple Creek in Colorado. That property has produced 21 million ounces
of gold to date.
A map illustrating the location of the Endurance Properties is
available for viewing on our website at www.endurancegold.com.
Endurance is currently planning the next phase of exploration activity,
which will include more detailed mapping, extensive sampling, and
orientation geophysical surveys (magnetics, IP). The next program is
expected to commence in late July or early August. If results from the
next program are encouraging, the Company will consider a late summer
or early fall diamond drilling program to evaluate priority targets.
Duncan McIvor, P. Geo, is the Qualified Person as defined by National
Instrument 43-101, and is responsible for the content of this news
release.
ENDURANCE GOLD CORPORATION
/s/ Duncan McIvor
Per:
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
Duncan McIvor; (604) 682-2707, dmivor@endurancegold.com
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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Copyright (c) 2009 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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EXPLORATEUR |
CODE : EDG.V |
ISIN : CA29267M1086 |
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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. |