Endurance Gold Corporation (EDG -- TSX.V) is pleased to announce recent induced polarization ("IP") results have defined strong anomalies on the Pardo Property, located 65 kilometres northeast of Sudbury, in east-central Ontario.
A recently completed gradient IP survey was conducted over a 14 line kilometre grid on the property, to more precisely define potential strike extensions to the previously identified mineralization. Several strong IP anomalies were identified on the grid, including a very strong IP chargeability high that extends for a strike length of 200 metres north of, and 200 metres south of the area exposed by trenching noted below. A second strong parallel anomaly trends north-south over a strike length of 400 metres.
A mapping field crew has been mobilized to the property, to provide detailed geological mapping over the newly defined IP anomalies, as well as extensive surface sampling using a small pack-sack diamond drill rig. Results will be made available as received.
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. 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.
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
Duncan McIvor
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.