2003

September 23, 2003
Endeavour Acquires El Taco Gold Property in Sonora, Mexico

Vancouver, British Columbia, Canada September 23, 2003 - Endeavour Gold Corp. (EDR:TSX-V) announces that it has acquired an option to earn a 100% interest in the El Taco gold (zinc-copper) property located in Sonora state, Mexico.

El Taco (339 hectares) is a skarn prospect discovered about 80 years ago and explored more recently by Nordic Gold and Noranda Mines in 1992-93. Thirteen samples in a 25m x 75m area of surface mineralization returned assays up to 16.8 gpt gold, 9.60% zinc and 5.34% copper over a 10m sample interval, and averaged 4.3 gpt gold, 6.4% zinc and 1.4% copper. Assays were as follows:


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Sample No. Sample Type           Gold    Zinc   Copper
                                 (gpt)   (%)     (%)
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  23169    Dump, Calcite Skarn   1.71   12.21   1.39
  23170    Dump, Jasper Skarn    6.86    8.45   1.36
  23171    Skarn, Lower Adit     7.54   10.62   2.67
  23735    10 m chip, Skarn      3.09   10.00   1.40
  23736    Pit dump, Skarn       5.49   16.00   3.30
  23737    5 m chip, Skarn       1.03   11.00   0.58
  23738    float, skarn         <0.17    0.26   0.71
  23739    Tactite, with Skarn  <0.17    1.50   0.06
  TR-3     4 m chip, Skarn       0.34    0.07   0.06
  TR-4     4 m chip, Skarn       8.57    0.36   0.27
  TR-5     4 m chip, Skarn       2.40    2.44   0.40
  TR-6     10 m chip, Skarn      2.06    0.81   0.17
  TR-9     10 m chip, Skarn     16.80    9.60   5.34
-----------------------------------------------------

Geochemical soil sampling by Noranda delineated a 400m x 800m gold -zinc anomaly, still open in two directions. Arroyo silt samples anomalous in gold and zinc were found up to 3 km away to the north and northwest, indicating the potential for a sizeable extension to the mineralization.

The geological environment is also permissive for a broad mineralized target. El Taco lies immediately north of the large Piedras Verde porphyry copper deposit of Frontera Copper Corporation (70%) and Azco Mining Inc.(30%), which is reported to contain 316 million tonnes of ore grading 0.37% copper. Substantial skarn deposits often occur along the flanks of such porphyry deposits.

At El Taco, Cretaceous limestones are intruded by a Tertiary granodiorite stock, forming a gently dipping regional skarn layer at their contact. Post-skarn deformation has folded the skarn formation with a gentle northwest plunge. Late stage, mineralized, jasper-calcite hydrothermal veins crosscut the skarn formation along northwest and northeast-trending faults.

The prospective mineralized zone follows the slope of the land, making it an attractive, open pit target.

However, Noranda ceased gold exploration in Mexico in 1994 so the prospect was never drilled. A two phase, US $300,000 exploration program is planned to further evaluate the El Taco property. Phase 1 calls for expanding the geochemical soil grid and carrying out geophysical I.P. and magnetic surveys. Phase 2 will entail 3000m of reverse circulation drilling in about 15 holes.

Endeavour can earn its 100% interest by making US $100,000 in cash payments and issuing 200,000 common shares over a 4 year period, subject to a 2% net smelter royalty. Endeavour Gold Corp. (EDR: TSX-V) is a recently re-organized junior exploration company focused on acquiring a portfolio of attractive gold-silver prospects in Mexico and discovering new precious metal deposits. Canarc Resource Corp. holds a minority shareholding in the Company and manages the affairs of Endeavour.

On Behalf of the Board of Directors
ENDEAVOUR GOLD CORP.
Bradford J. Cooke
President and C.E.O.

For more information, please contact Gregg Wilson at tel: (604) 685-9700, fax: (604) 685-9744, email
info@canarc.net. 

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