Endurance Confirms Additional Mineralized Feeder Structures With Highlights Of 7.31 GPT Gold Over 11.6 M Including 11.66 GPT Gold Over 6.2M

December 5, 2022

Endurance Gold Corporation

Canada: EDG:CA | Berlin: 3EG:FF | USA: ENDGF

Endurance Gold Corporation report additional assay results from the recently completed diamond drilling program on its Reliance Gold Property in southern British Columbia. The road accessible property is located 4 kilometres east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.  

Assay results reported are from two (2) diamond drill holes completed in the central part of Eagle Area testing the Eagle South Feeder Zone.  Highlights of the drilling results include:

  • DDH22-045 returned 7.31 grams per tonne (“gpt”) gold over 11.6 m including 11.66 gpt gold over 6.2 metres (“m”) from the 020 Target of the Eagle South Feeder Zone.  The intersection is a 60 m step-out from hole DDH21-020 which previously reported 15.7 gpt gold over 24.8 m (see News Release January 12, 2022), and a 45 m step-out from hole RC22-062 which reported 6.64 gpt gold over 30.48 m (see News Release June 6, 2022).
  • DDH22-045 was drilled at the same azimuth and shallower angle as previously reported DDH22-044 which intersected 4.95 gpt gold over 12.1 m including 12.55 gpt gold over 4.3 m about 15 m below this headline intersection (see News Release November 14, 2022).
  • DDH22-045 alsoreturned 2.87 gpt gold over 8.3 m and 2.70 gpt gold over 8.3 m from the contact zones of the Eagle South 037 Vein. These intersections are a 55 m step-out from hole DDH22-025 where the 037 Vein returned 3.94 gpt gold over 7.2 m (see News Release August 8, 2022).
  • From the same setup and different azimuth, drill hole DDH22-046 intersected three mineralized zones, including; 5.03 gpt gold over 3.0 m associated with the 020 Target2.97 gpt gold over 2.6 m from the 024 Vein, and 2.26 gpt gold over 4.0 m from a mineralized fault zone.

The primary objectives of the 2022 drilling program are to extend the strike of the mineralized system and to test the extent of mineralized feeder structures associated with the shallow-dipping, near-surface Eagle Zone.  In 2022, a total of thirty-eight (38) diamond drill holes for 8,274 m and thirty-three (33) reverse circulation holes for 2,455 m were completed.  Assays are still pending for fourteen (14) diamond drill holes.

As reported in August, drilling within the Eagle South Feeder Zone has identified multiple quartz vein zones with estimated horizonal widths ranging from 5 to 52 m. The most significant veins with associated mineralization to date are the 024037, and 027 Veins. These quartz veins exhibit a pervasive crackle breccia texture with gold-arsenopyrite mineralization concentrated in more intense cataclastite brecciation along the quartz vein margins.

The Eagle South Feeder Zone is bound by the shallower dipping Eagle Zone to the northeast and the steeply dipping Royal Shear Fault to the southwest. The area of deformation related to this target area is open along strike and to depth below the southwest dipping Royal Shear Fault. As reported previously, significant gold intersections have been reported over 400 m of this Eagle South Feeder Zone an area of brittle-ductile deformation, strong pervasive ankerite-sericite alteration, and multiple brecciated quartz veinsFigures 2, 3, and 4 are photos of the gold-bearing breccia.  

Assay results are pending on drill holes DDH22-047 to DDH22-060. Results from these remaining fourteen (14) drill holes and other program updates will be reported through year-end and into the New Year. Two (2) of the drill holes tested the northern strike extensions of the Imperial Zone.

The location of the thirty-six (36) Eagle Area diamond drill holes completed in 2022 is shown in Figure 1.  The 2022 diamond drill assay results reported in this release and year to date are summarized in Table 1 and Table 2 below.  A schematic geological interpretation of the Eagle Area is available on the Company website in the maps section. The complete tabulation of previous RC and 2021 diamond drill results are summarized on the Company website.

Endurance Gold Corporation 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.  

Table 1: 2022 Diamond Drilling – Significant Intersection Results Reported on December 5, 2022
Figure 1: Eagle Zone and Eagle South Feeder Zone – 2022 Diamond Drill Hole Locations
Figure 2: [email protected] m – Altered Quartz Vein & Volcanic Fragment Breccia – in 17.75 gpt Au/1.25 m
Figure 3: DDH22-045@39 m – Quartz & Lithic Coxcomb Quartz Breccia – in 17.75 gpt Au/1.25 m
Figure 4: [email protected] m – Quartz & Ankerite Vein Fragment Breccia near “037 Vein” – in 2.87 gpt Au/2.0 m
Table 2: 2022 Diamond Drilling – All Significant Gold Intersections

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James Hyland, MiningIR