January 27, 2023

Endurance Reports 7.82 GPT Gold over 6.0 Metres from Surface Channel Sampling; Extends Outcrop Exposure of Eagle Zone to 530 M

December 12, 2022
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Endurance Gold Corporation report additional surface channel sampling results from bedrock exposures in the Eagle area of its Reliance Gold Property (the “Property“) in southern British Columbia. The road accessible property is located 4 kilometres (“km“) east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has historically produced over 4 million ounces of gold. The new bedrock exposures were created in 2022 while constructing drill access trails to test the southeast extent of the Eagle area gold mineralization.

The combined Eagle Zone and Eagle South Feeder Zone (“ESFZ“) have now been identified in outcrop in fifteen (15) road cut exposures with channel sampling defining high-grade gold mineralization over a 530 m strike.

Newly reported channel sampling highlights include:

  • A new Eagle Zone channel number 8.1C with 3.98 gpt gold over 8.0 metres (“m”), has extended the Eagle Zone in surface exposure by a further 35 m southeast of the previously reported surface channel sample (see news release dated July 7, 2022)
  • Three (3) new channel samples extend the ESFZ in surface exposure by a further 225 m southeast of the previously reported surface channel samples (see news release dated July 7, 2022)
    • Eagle 8.1A 7.82 gpt gold over 6.0 m
    • Eagle 8.1B 2.15 gpt gold over 6.0 m
    • Eagle 9.1 2.18 gpt gold over 2.0 m
  • One new channel sample exposure in the ESFZ widens and exposes another mineralized structure in the northwest extension of ESFZ.
    • Eagle 3.2 3.99 gpt gold over 2.0 m
    • Eagle 3.2 Grab sample of 9.36 gpt gold

Channel sampling has been an integral part of our ongoing exploration efforts at the Reliance Gold Project and was instrumental in the Eagle Zone discovery where our original channel sampling at Eagle returned 5.89 gpt gold over 31.5 metres and 4.88 gpt gold over 23.5 metres” commented Robert Boyd, CEO of Endurance Gold. “These additional channel sampling results, supported by our recent drill programs, have now delineated the Eagle Zone mineralization for over 530 metres. Our recently completed drilling program continues to expand the mineralized zones to depth and assay results are pending for 14 diamond drill holes in this area opened up with these channel sample results.

Previous channel samplings in the Eagle area are reported on July 7, 2022January 5, 2022November 16, 2020 and October 26, 2020. The locations of all Eagle Area channel samples are shown in the Figure 1 surface plan.

The ESFZ 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 is open along strike and to depth below the southwest dipping Royal Shear Fault. As reported previously and in this release, significant gold intersections in drilling beneath these areas of channel sampling have been reported over 530 m of trend for the Eagle Zone and over 400 m trend at ESFZ an area of brittle-ductile deformation, strong pervasive ankerite-sericite alteration, and multiple brecciated quartz veinsA photo of the 2022 channel sampling within this structurally deformed and altered ESFZ is in Figure 2 below.

schematic geological interpretation of the Eagle Area is available on the Company website in the maps section. A complete tabulation of RC drill results, 2021 diamond drill results and 2022 diamond drill results received to date are summarized on the Company website.

The Reliance Gold Property is interpreted to host a shallow-level (Epizonal) Orogenic gold system. Gold mineralization is directly related to varying amounts of arsenopyrite, stibnite and pyrite as sulphide replacement and multigenerational breccias often with associated pervasive silicification, quartz stockwork and/or quartz breccia infill.

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.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

Disclaimer
MiningIR host a variety of articles from a range of sources, our content, while interesting, should not be considered as formal financial advice. Always seek professional guidance and consult a range of sources before investing.
James Hyland, MiningIR
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