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TORONTO, ONTARIO–(April 8, 2008) – Escape Gold Inc. (TSX VENTURE:EGT) –
President and CEO, T. John Magee is pleased to announce that the Company has signed a contract with Fugro Airborne Surveys to fly an electromagnetic survey using their proprietary MEGATEM II, EM/MAG system over the Bearskin Lake, volcanogenic massive sulphide target in North Western Ontario.Consultation between the Ontario Government and the local First Nations representatives was undertaken this winter prior to the survey being awarded. As a direct result of the Consultation process, accommodations were made to the initial exploration program respecting the traditional Spring and Fall Festive hunting seasons. The Company looks forward to working closely through the Consultation process with the local community and the Provincial government, if results from the airborne geophysical survey which has commenced, recommend further ground work.
The prospective, Bearskin Lake, base metal target area was first identified by a major mining company conducting reconnaissance airborne geophysical surveys and diamond drilling in the early nineteen seventies looking for potential extensions of the Thompson nickel belt into Ontario. Due to the ongoing success of Noront Resources Ltd. at McFauld Lake, where Noront has made a significant nickel-copper-platinum-palladium discovery at its Double Eagle project, Escape has staked an additional 5,312 hectares of land in the Sachigo Greenstone Belt. These new claims are 100% Escape’s and surround yet do not form part of the 1472 hectare property subject to the original Bearskin Lake option agreement.
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.
CUSIP number: 2962931036
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
For more information, please contact
Escape Gold Inc.
T. John Magee, P.Geo.
President and CEO
Escape Gold Inc.
Chris L. Pratt, P.Geo.
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