NEWS RELEASE 05-03
Endurance Gold Corporation (EDG -- TSX.V) announces that field work has commenced on the Dogpaw Lake Gold Property, located 60 kilometres southeast of Kenora, in northwestern Ontario. The large 618 unit property was acquired by the Company in 2003, and has seen some $600,000 in exploration and acquisition expenditures since that date. Much of that work has focused on evaluating a large granodioritic stock (the Stephen Lake Stock), where, in late 2003, the Company discovered highly anomalous gold values (to 47.29 gpt Au) from a fractured and silica-K-carbonate altered zone within the stock. A winter 2004 diamond drilling program returned only sporadic anomalous gold intercepts, to 1.79 gpt Au over 7.3 metres, but did encounter a very broad area of intense alteration within the stock.
The Phase One 2005 program will see the following work;
- Detailed humous sampling over an approximately 65 line kilometre grid, which was cut on the property last fall and covers most all of the 12 square kilometre stock.
- Reconnaissance scale geological mapping over the large grid, in order to define the extent of alteration within the stock, and potentially locate additional zones of mineralization.
- Completion of an additional 20 kilometres of grid over a second target area on the property, known as the Jenson Johnson Prospect, where 2003 reconnaissance sampling returned gold values to 29.99 gpt from within a north-south trending shear system hosted within mafic volcanics. A program of geological mapping, soil sampling, and IP will be completed over the grid, in order to define potential drill targets for a winter 2006 diamond drilling program.
Endurance Gold Corporation owns a 100% interest in the Dogpaw Lake 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
#906, 1112 West Pender Street
Vancouver, B.C. V6E 2S1
Tel: (604) 682-2707 Fax: (604) 681-8799
FOR FURTHER INFORMATION, PLEASE CONTACT
Jeffrey Wilson, Corporate Communications (604) 868-0225 firstname.lastname@example.org, 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.