News Release 07-08
Endurance Gold Corporation (EDG -- TSX.V, the "Company") is pleased to announce that it has acquired, through staking, a 100% interest in an additional 14 claims totaling 175 units around its existing wholly-owned Turner Township Property, located 70 kilometres northwest of Sudbury in east-central Ontario. With the new staking, the Turner Property is now comprised of 17 claims totaling 223 claim units, or 3,568 hectares.
The initial Turner Property was acquired by Endurance in 2005, after recognizing a similar geological environment to the Company's Pardo Township conglomerate hosted gold project. Subsequent assessment research in 2006 determined that the potentially auriferous pyritic conglomerates also contained significant uranium values, to 0.27% U3O8 over seven feet on surface. Limited drilling in the 1950's returned U3O8 values to 0.06% over narrow widths, but an examination of the logs shows very sporadic and incomplete sampling for uranium, and no assaying completed for gold.
In late 2006, Endurance reported strong gold results from trenches on the Pardo Property, to 3.5 gpt Au over 13 metres, including individual metre samples to 18.35 gpt Au. The geological similarities at Turner, with drill logs reporting widespread sulphide mineralization in basal conglomerates, indicates the property has potential for both significant gold and uranium mineralization. The host conglomerates on both the Pardo and Turner Properties are basal Mississagi Formation, the same formation that hosts much of the Blind River-Elliot Lake uranium deposits, which have produced in excess of 300,000,000 pounds of uranium to-date.
The Turner and Pardo projects will be a significant focus of the Company in 2007. On Turner, programs of line-cutting, geological prospecting and mapping, ground geophysical surveys (radiometrics and induced polarization) will be followed by diamond drilling. Work will commence as soon as field conditions allow.
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
Jeffrey Wilson, Corporate Communications (604) 868-0225, or visit our website at www.endurancegold.com
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