Endurance Reports 8.41 GPT Gold Over 12.0 M In A New Structure Identified During The 2022 Diamond Drilling At The Reliance Property

July 18, 2022

Endurance Gold Corporation

TSX.V: EDG | OTC: ENDGF | Frankfurt:3EG

Endurance Gold Corporation is pleased to report initial diamond drill results from the Eagle area 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 below are for the first two (2) diamond drill holes completed to test the Eagle 020 Target, a potential steep feeder structure for the shallow dipping Eagle Zone.  Drill holes DDH22-023 and DDH22-024 intersected near-surface gold mineralization immediately on collaring in recoverable bedrock, locating a previously unrecognized gold mineralized structure that parallels the 020 Target.

Highlights of the drilling results include:

  • Near-surface drill intersections of 8.41 grams per tonne (“gpt”) gold over 12.0 meters (“m”), including 11.85 gpt gold over 7.7 m; and 3.86 gpt gold over 9.0 m, including 6.04 gpt Au over 4.5 m, commencing at 27 m and 51 m downhole depths, respectively.  These gold intersections are immediately below the Royal Shear regional scale fault zone and are not exposed at surface.
  • In addition, deeper drill intersections in these same two holes on trend with the 020 Target returned 8.43 gpt gold over 3.9 m, 5.99 gpt gold over 4.2 m, and 9.57 gpt gold over 1.6 m, extending the 020 Target strike length.

“Drilling at the Eagle area continues to deliver unexpected and encouraging surprises”, commented Robert T. Boyd, CEO of Endurance Gold. “These new wide intersections are located in the same structural setting as the steeper dipping Imperial Zone located over 750 metres northwest in the footwall of the Royal Shear Fault.

As of last week, the Company has completed 1,950 m of the proposed 8,000 m diamond drill program.  The location of the initial nine (9) diamond drill holes in the 020 Target area are shown in Figure 1.  The 2022 diamond drill assay results are summarized in Table 1 below. Assays are pending for seven (7) of the completed holes.  The complete tabulation of RC drilling and the 2021 diamond drill results are summarized on the Company website.

Figure 1: Eagle Zone and Eagle 020 Zone Diamond Drill Hole Locations

A total of 459 diamond drill core samples have been submitted to the ALS Global laboratory for gold assay and multi-element ICP analysis.  Core logging and sampling is progressing well, and samples continue to be submitted to the assay laboratory on a bi-weekly basis.  Assay results will continue to be reported when received.

Gold intersections and surface exposures in the Reliance Property are associated with intense iron-carbonate and sericite alteration, within structurally deformed quartz-rich cataclastite breccia and brecciated vein sequences related to the Royal Shear.  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. Reliance is interpreted to represent a shallow-level (Epizonal) Orogenic gold system.

Table 1: Eagle 020 Zone 2022 Diamond Drill Hole Sample Results

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.

Follow us on Social Media to receive emerging news updates:

Follow us Facebook: https://www.facebook.com/miningIR

Follow us Twitter: https://twitter.com/MiningirMedia

Follow us Instagram: https://www.instagram.com/miningir/

Follow us on LinkedIn: https://www.linkedin.com/company/miningir/

MiningIR hosts 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