By Jamie Hyland | MiningIR
Endurance Gold Corporation (TSXV: EDG) continues to build momentum at its 100%-owned Reliance Gold Project in British Columbia’s historic Bridge River Gold Mining Camp, with new drill results extending high-grade mineralization beyond the boundaries of the project’s current mineral resource estimate.
In an August 11, 2026, research note, Atrium Research analysts Ben Pirie and Nicholas Cortellucci, CFA, maintained their BUY rating and C$0.90 per share target price on Endurance Gold following the company’s second batch of assay results from its 2026 drilling program. At the time of the report, EDG was trading at C$0.53, implying a 70% return to Atrium’s target price.
High-Grade Eagle Zone Extension
The standout result came from drill hole DDH26-135, which intersected 9.27 g/t gold and 0.36% antimony over 6.1 metres, including 19.40 g/t gold and 0.23% antimony over 1.0 metre.
Significantly, Atrium notes that the intercept is approximately 100 metres outside the January mineral resource, extending the high-grade Eagle feeder structure deeper than previously drilled. Higher in the same hole, DDH26-135 returned 4.33 g/t gold over 7.7 metres, including 9.53 g/t gold over 2.9 metres, within the existing resource at the Eagle South structure.
Additional drilling further supports the potential to expand the Eagle Zone. DDH26-136 returned 2.21 g/t gold over 4.6 metres beneath the resource, along with a deeper mineralized splay grading 4.22 g/t gold and 0.18% antimony over 0.5 metre. DDH26-133 intersected a broader interval of 1.18 g/t gold over 18.8 metres, including 3.16 g/t gold over 2.9 metres.
The vertical section presented on page three of Atrium’s report illustrates the significance of DDH26-135, showing the new high-grade intercept beneath the existing Eagle Zone resource blocks and conceptual pit shell.
Resource Growth Remains Central to the Story
Reliance currently hosts an inaugural 1.45-million-ounce inferred gold resource grading 2.30 g/t gold, providing Endurance with a substantial starting point as it works toward further resource expansion and an eventual preliminary economic assessment. Atrium highlights the project’s near-surface grade, location within an established historic mining district and potential to develop into a multi-million-ounce high-grade gold deposit.
Atrium views the Eagle feeder as an important avenue for future resource growth. The analysts said the latest results both infill and expand the existing resource, with the 9.27 g/t gold intercept demonstrating mineralization approximately 100 metres down-dip beyond the current MRE. They also noted that Reliance’s strong grades support the potential for underground mining as exploration progresses.
2026 Drill Program Could Exceed 10,000 Metres
Endurance is fully funded, two-rig 2026 program is also expanding in scope. As of the end of July, approximately 7,200 metres had been completed across 18 holes targeting the Eagle, Crown and Imperial zones. The company now expects drilling in the area of the mineral resource estimate could exceed 10,000 metres in 2026, compared with its earlier minimum guidance of 8,000 metres.
Eleven additional holes had been drilled following the reported assays, with ten focused on the Crown and Imperial zones. Atrium reported that eight of those holes were complete and two remained in progress, with assays pending. The objective is to extend the deposit at depth while testing continuity between Crown and Imperial.
For investors following Endurance Gold, the next series of assays could therefore become an important catalyst. Atrium identifies the ongoing 2026 drill program and a future PEA as the principal upcoming catalysts.
With drilling continuing with multiple fronts, a 1.45-million-ounce starting resource and high-grade mineralization now demonstrated beyond the existing resource envelope, the 2026 program is increasingly focused on determining just how much larger the Reliance Gold Project can become.
The Atrium Research report was authored by Equity Research Analysts Ben Pirie and Nicholas Cortellucci, CFA. Atrium disclosed that it receives cash compensation from Endurance Gold Corp. for 12 months of research coverage and retains full editorial control over its research content.
