22:09:59 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Endurance Gold Corp
Symbol EDG
Shares Issued 145,379,342
Close 2023-09-11 C$ 0.205
Market Cap C$ 29,802,765
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Endurance Gold receives Reliance evacuation order lift

2023-09-11 11:28 ET - News Release

Mr. Darren O'Brien reports

ENDURANCE REPORTS EVACUATION ORDER LIFTED - DRILLING TO RESUME AT THE RELIANCE GOLD PROJECT

Endurance Gold Corp. has provided an update on the continuing exploration program at its Reliance gold project. The evacuation order related to the Downton Lake wildfire has been partially downgraded late on Sept. 8, 2023, and the company is planning to resume drilling activity as quickly as possible. The property is road accessible and located four kilometres (km) 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.

As reported on Aug. 3, 2023, the accommodation and drilling area for the Reliance project was subject to an Aug. 1, 2023, evacuation order due to the escalation of the Downton Lake wildfire which eventually restricted exploration activity through all of August and early September. The company's crew house, core logging camp, core storage and diamond drill were not damaged by the fire. However, significant damage did occur to the nearby recreational and residential community of Gun Lake. To assist the community during the evacuation order, the company and its contractor, Foraco Drilling, contributed the temporary use of heavy equipment and supplies to assist in protecting building structures in the Bridge River communities. The company's management will be on site this week to assess requirements to resume drilling in a safe and timely manner.

The 2023 drilling program is exploring the Royal Shear structural trend with the current focus on expanding the Eagle zone. Drilling has now completed 14 holes in 2023 for about 4,000 metres (m) drilled of the planned 15,000-metre program. Assays are pending for two drill holes. The drill is currently on site and is set up on a drill hole in progress at the Eagle zone. Assay results are pending on two drill holes.

Since 2021, the company has completed 73 diamond drill holes on the Reliance property, with 50 of these drill holes returning significant intersections of greater than three m width with grades exceeding 3.4 grams per tonne (g/t) gold and 23 of these drill holes with very high-quality intersections as summarized in an attached table.

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.

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