Escape acquires 2113 hectare south of the Troilus Gold Mine, Quebec
November 8, 2010 - Toronto, Ontario, Canada. President and CEO, T. John Magee is pleased to announce that Escape Gold Inc. (“Escape”) has acquired a second group of claims covering 2113 hectares approximately 110 km north of the mining town of Chibougamou, Quebec and 12 km from the Troilus Gold Mine.
These claims were acquired as a result of the services provided by Les Ressources Tectonic Inc. a privately owned exploration company offering grassroot exploration services to mining companies. These claims were staked to cover numerous untested airborne EM conductors within the Frotet-Evans greenstone belt. Historical reports on this property refer to the Icon gold prospect, described as gold mineralization related to a shear zone over a strike length of 500m. In a separate historical report Falconbridge sited a grab sample grading 7.5 % copper, 0.8% zinc, 1.2 g/t gold and 63 ppm silver.
Escape is currently undertaking a compilation and evaluation of the historical exploration data.
The terms of the service agreement will be the reimbursement of all staking costs to Les Ressources Tectonic Inc. plus the issuance of 50,000 common shares of Escape Gold Inc., subject to regulatory approval.
Escape Gold is a junior exploration company exploring for precious and base metals and seeking opportunities for acquisition or joint venture.
For further information contact:
“T. John Magee”
T. John Magee, P.Geo.
President and CEO Tel: 647-436-0093 Website: www.escapegold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements presented herein may constitute “forward looking statements”. Such forward-looking statements may include potential mineralization, resources and reserves, conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of metals and other unknown risks. These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward looking statements. These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business.
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