News Release 06-15
Endurance Gold Corporation (EDG - TSX.V) is pleased to update developments on the BQ Property, located 25 kilometres west of Smithers, in northwestern British Columbia.
In May, the Company completed an additional 12.5 line kilometers of Induced Polarization ("IP") and ground magnetic geophysical surveys on the property. The IP survey generated multiple new targets on the property, including;
- A previously untested, two kilometer long east west trending strong chargeability high, located approximately 400 metres north of and parallel to the IP feature drill tested in March, 2006 (see Endurance News Release 06-10).
- An extension of the IP anomaly drill tested in March, for an additional 500 metres east of drill hole BQ-03, which returned 0.766 gpt Au over 33.05 metres from a sulphide stockwork zone in altered volcanics. The anomaly remains strong, and in places is in excess of 200 metres in width.
Endurance will commence a ten to fifteen hole, 1500-2000 metre diamond drilling program on the property in late June. The program will test both the northern and main IP anomalies over their respective strike lengths of 2 kilometres and 600 metres. The program is expected to take twenty to thirty days to complete, and analytical results should be available by early August, 2006.
Endurance is earning a 100% interest in the property by making cash payments totaling $70,000 and issuing 250,000 shares over a three year period. The Company has already met its $100,000 exploration expenditure commitment on the property.
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
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 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.