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Endurance to Acquire 100% Interest in the Bandito Heavy Rare Earth Niobium Project, Yukon
Endurance to Acquire 100% Interest in the Bandito Heavy Rare Earth Niobium Project, Yukon ...
About this update from Endurance Gold Corporation
[{"type":"text","content":"\nEndurance to Acquire 100% Interest in the Bandito Heavy Rare Earth Niobium Project, Yukon\n\nEndurance to Acquire 100% Interest in the Bandito Heavy Rare Earth Niobium Project, Yukon  \nVancouver, British Columbia CANADA, January 21, 2013 /FSC/ - Endurance Gold Corporation  (EDG - TSX Venture), (\"Endurance\") is pleased to announce that the Company has entered into an agreement to acquire a 100% interest in the Bandito Project, Yukon for Endurance shares and cash.  The acquisition replaces a prior arrangement whereby Endurance had the option to earn up to a 75% joint venture interest from True North Gems Inc. (\"True North\").  \nThe Bandito property is located in the Yukon, east of Watson Lake and 18 kilometres east of North Toobally Lake and 55 kilometres northeast of the road-head at Smith Falls, British Columbia. From 2010 through 2012, Endurance completed exploration programs that successfully identified a hematite-altered and sodium-metasomatized nepheline syenite and 500-metre wide altered contact zone to the syenite which hosts several significant rare earth (\"REE\") and niobium (\"Nb\") prospects. Highlights of rock sampling include:\n* Trench - fenite altered country rock - 2.3% TREO+Y Over 6 meters with 11 % HREO ratio \n* Float - highly metasomatized syenite - 3.491% TREO+Y with 76.7% HREO ratio, 0.887% Nb2O5  \n* Float - highly metasomatized syenite - 1.978% TREO+Y with 74.9% HREO ratio, 0.958% Nb2O5\n         TREO+Y is the addition of all converted oxide percentage values  \n         for the complete suite of rare earth elements plus yttrium. \n         HREO means heavy rare earth oxides. \n         Heavy rare earths used in the percentage HREO calculation \n         include Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, & yttrium.\nThe extent of intrusive and country rock hosted alteration, rare earth-niobium soil anomalies and prospects encompass at least a 3 x 3 kilometre area. Further soil sampling, mapping and rock sampling is required to fully define the spatial extent of this large intrusive related alteration and mineralizing system. Several of the new ra...