Endurance Gold Corporation (EDG - TSX.V) is pleased to announce that two significant gold-in-soil anomalies were discovered during the 2011 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. In August 2011, ITH reported in-situ measured, indicated and inferred resource (at 0.50 grams per tonne cut-off) of 13.1 million ounces of gold (see the ITH website for complete disclosure). As summarized in the release of October 20th and August 11th, 2011 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 in 2005. The McCord Property has not been glaciated and thus the stream sediment anomalies were considered to have a local source.
In October 2011, a program of grid-based and power auger assisted soil sampling (167 soil samples), geological mapping, prospecting, and rock sampling (32 rock samples) was completed. A final report compiling the 2011 program was received in late February 2012. Soil sampling identified five gold-in-soil anomalies (greater than 10 parts per billion ("ppb")). The two largest soil anomalies are 850 by 250 metres, and 650 by 200 metres in size. The maximum soil value exceeds 100 ppb gold. These two soil anomalies fall within the catchment area of McCord Creek.
Additional soil sampling and trenching is proposed for 2012.
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