21:40:47 EDT Sat 18 May 2024
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Endurance Gold Corp
Symbol EDG
Shares Issued 145,379,342
Close 2023-06-22 C$ 0.26
Market Cap C$ 37,798,629
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Endurance Gold drills 9.3 m of 8.98 g/t Au at Reliance

2023-06-26 08:39 ET - News Release

Mr. Robert Boyd reports

ENDURANCE REPORTS DRILL RESULTS FROM IMPERIAL AND DIPLOMAT TARGETS 8.98 GPT GOLD OVER 9.3 M INCLUDING 12.44 GPT GOLD OVER 6.0 M

Endurance Gold Corp. has provided an update on the continuing exploration program at its Reliance gold project. Assay results are reported herein for three drill holes completed in the Imperial and Diplomat target areas. The property is road accessible and located four kilometres east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer gold mining camp, which has produced over four million ounces of gold.

Drilling has now been conducted at the Diplomat, Imperial and Eagle zones, with eight holes completed for over 2,100 metres of the continuing 15,000 m program, which commenced in May.

Assay results (summarized in an attached table) have been received from three diamond drill holes that tested the northwest extensions of the Royal shear at the Imperial and Diplomat zones. Highlights of the drilling results include:

  • DDH23-065, drilled at minus-50 degrees at the Imperial zone, returned 8.98 grams per tonne gold over 9.3 metres, including 12.44 g/t gold over 6.0 m, commencing at 212.75 m down-hole depth. This hole intersected Imperial zone mineralization 55 m down dip from DDH21-009, which returned 8.47 g/t gold over 24.9 m, and 65 m up dip from DDH21-011, which returned 2.10 g/t gold over 24.9 m (see Dec. 9, 2021, press release).
  • DDH23-061 and DDH23-062 were collared northwest of hole DDH23-065 to test the Diplomat zone and the northwest strike extension of the Imperial zone. DDH23-062 was drilled at minus-60 degrees and intersected the northwest strike extension of the Imperial zone, where it successfully returned 1.95 g/t gold over 12.2 m, including 12.85 g/t gold over 1.5 m, commencing at 168.1 m down hole and 189 m step out northwest from the drill intersection in DDH23-065. These two holes were also designed to test the postulated down-dip extension of the Diplomat vein 175 m down dip of hole RC21-024, which returned 16.39 g/t gold over 4.57 m (see May 27, 2021, press release). The Diplomat vein was not intersected in either of these holes.
  • DDH23-066, the deepest drill test to date by the company, was designed to test for the down-dip plunge of Imperial zone mineralization. This hole targeted a 60 m stepout to depth northwest from hole DDH21-011. The hole has intersected six mineralized intervals with associated arsenopyrite between down-hole depths of 306.5 m and 344.5 m. The individual mineralized intervals range from 0.5 m to 4.2 m in core length, for a composited mineralized core length of 12.3 m. Very strong sericite-iron carbonate alteration continues to the bottom of the hole at 409.1 m. Assay results are pending for the 131 samples sent to the laboratory.
  • Drilling has now been completed on two holes at the Eagle zone, and a third hole has commenced. Zones of intense silicification and local mineralization have been observed in core logging. Assay results are pending.

"The gold-mineralizing system associated with the Royal shear has now been traced for about 1,500 m with drill intersections, indicating the Imperial zone portion remains open to expansion to the northwest and at depth," stated Robert T. Boyd, chief executive officer of Endurance Gold. "The Eagle zone drilling is increasing our understanding of the size potential of this part of the Royal shear gold system."

About Endurance Gold Corp.

Endurance Gold is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.

Diamond drill core was logged and evaluated on the property, and samples were designated for collection under the supervision of a geologist at the property. Drilling was completed with NQ-sized tools capable of collecting 4.76-centimetre-diameter core. Drill core was cut, using a diamond saw, with one-half of the core sent for analysis and the remaining kept for future studies. All drill core samples have been submitted to ALS Global in North Vancouver, B.C., an ISO/IEC 17025:2017-accredited laboratory, where they are crushed to 70 per cent pass fewer than two millimetres, then up to 250 grams are pulverized to fewer than 75 micrometres. Samples are then submitted for four-acid digestion and analyzed for 48-element ICP-MS (ME-MS61) and gold 30 g FA ICP-AES finish (AU-ICP21). Overlimit samples returning greater than 10 parts per million gold are reanalyzed by Au-GRA21 methodology, and overlimit antimony returning greater than 10,000 ppm Sb are reanalyzed by Sb-AA08 methodology. Endurance Gold monitors quality assurance/quality control by inserting blanks, certified standards and pulp duplicates into the sample stream. The work program is supervised by Darren O'Brien, PGeo, vice-president of exploration for the company, the qualified person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved this news release.

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