Endurance Gold Corporation (EDG -- TSX.V) is pleased to update developments on the Pardo Property, located 65 kilometres northeast of Sudbury, in east-central Ontario. Endurance is earning a 100% interest in the property by making cash payments of $100,000 and issuing 200,000 shares over a four year period.
In September, 2006, Endurance announced the results of a surface channel sampling program (see Endurance News Release 06-19) that included a 13 metre continuous channel sample grading 3.52 gpt Au. These results represented the best values returned to-date from the flat lying basal Proterozoic conglomerate on the property, and demonstrated the potential for ore grades over mineable widths from this prospective geological setting.
Work to date on the property strongly suggests that gold mineralization, which is intimately associated with pyrite content in the conglomerate matrix, also is spatially associated with the Proterozoic-Archean unconformable boundary. The Pardo Property covers some 24 square kilometres of that boundary, of which less than 1% has been evaluated to date.
In order to better delineate the pyritic zones within the basal conglomerate, Endurance has mobilized an Induced Polarization geophysical team to the property, to complete an initial 14 line kilometre survey in the immediate vicinity of, and along strike from, the zone of gold mineralization described above. That work will be immediately followed up by geological mapping and sampling of identified IP targets, humus geochemical screening, and additional surface stripping and channel sampling. A drilling program is anticipated during the third quarter of 2007.
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.
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