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New "Heavy" Rare Earth and Niobium Discoveries at Bandito, Yukon
New "Heavy" Rare Earth and Niobium Discoveries at Bandito, Yukon Up to 3.5% TREO+Y (with 76%...
About this update from Endurance Gold Corporation
[{"type":"text","content":"\nNew "Heavy" Rare Earth and Niobium Discoveries at Bandito, Yukon\n\nNew \"Heavy\" Rare Earth and Niobium Discoveries at Bandito, Yukon\nUp to 3.5% TREO+Y (with 76% HREO ratio), 0.96% Nb2O5 and 43.6% ZrO2\nDrilling Permit Granted\nVancouver, British Columbia CANADA, November 05, 2012 /FSC/ - Endurance Gold Corporation  (EDG - TSX Venture), is pleased to announce the discovery of several new nepheline syenite hosted rare earth and niobium prospects identified while prospecting and sampling the 1.8 kilometer by 600 meter wide combined rare earth and niobium soil anomaly discovered in 2011. Highlights of bedrock grab and float samples include:\n* Float - highly metasomatized syenite - 3.491% TREO+Y with 76.7% HREO ratio, 0.887% Nb2O5, 43.2% ZrO2.\n* Float - highly metasomatized syenite - 1.978% TREO+Y with 74.9% HREO ratio, 0.958% Nb2O5, 43.6% ZrO2.\n* Bedrock grab - hematite altered syenite - 0.698% TREO+Y with 46% HREO ratio. \n* Float - altered syenite with fluorite - 0.323% Nb2O5.\n* Float - hematite and fluorite altered and fractured syenite - 0.316% Nb2O5.\nThe mineralized prospects in syenite discovered in 2012 are distributed over a 2 square kilometer area that is largely underlain by the Proterozoic-aged Pool Creek nepheline syenite which has been hematite altered and sodium metasomatized. The area of mineralized prospects is largely tree and overburden covered with poor outcrop exposure. The coincidence of soil anomalies, concentrations of altered syenite boulders, and low frequency of non-syenite boulders are interpreted to suggest a local derivation for the encouraging rock samples. \n\"The results from the 2012 Bandito prospecting and rock sampling program have discovered additional intrusive hosted rare earth and niobium mineralization that indicate potential for discovery of a syenite-hosted rare earth-niobium-tantalum mineralizing system analogous to the Nechalacho and Strange Lake deposits\" stated Robert T. Boyd, President and CEO, \"The large nine square kilometers of alteration in syenite and host rock associated with large soil anomalies indicate that the Pool Creek syenite hosts a strong mineralizing system with significant exploration potential.\"\nSummary maps of the niobium-tantalum and rare earth values in rock samples from 2011 and 2012 programs can be viewed on the company website at...