Endurance Gold Corporation report the final set of assay results from the 2022 diamond drilling program at 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 produced over 4 million ounces of gold. During the 2022 field season the Company completed thirty-eight (38) diamond drill holes for 8,274 metres (“m”) and thirty-three (33) reverse-circulation drill holes for 2,455 m.
Assay results reported herein are from two (2) 2022 diamond drill holes testing the northwestern strike extent of the Imperial Zone, and from previously unsampled portions of a historic 2004 diamond drill hole.
Drill holes DDH22-059 and DDH22-060 successfully intersected multiple mineralized structures with the best results from DDH22-059 returning 2.88 gpt gold over 4.2 m, and 3.63 gpt gold over 5.0 m. The holes were 45 m and 70 m step-outs, respectively, from DDH21-009 which previously reported 8.47 gpt gold over 24.9 m. (see news release December 9, 2021). The Imperial Zone has now been defined over a strike length of 135 m and is open along strike and to depth.
Drill core from historic drill hole DDH2004-01 was cross-stacked and stored next to the confirmed drill site when completed in 2004 by a prior operator. Endurance geologists recognized an unsampled mineralized zone while re-logging this 2004 drill core, starting at about 50 m down hole. Assaying of this interval returned 3.52 gpt gold over 14.1 metres, including 8.40 gpt gold over 4.1 metres. This intersection is interpreted to be the downdip extension of a poorly exposed outcrop identified in grab samples collected in 2021 that assayed 6.83 gpt gold, 4.50 gpt gold and 2.84 gpt gold.
The lower part of DDH2004-01 intersected the Imperial Zone and was sampled by the previous operator in 2004 and returned 6.69 gpt gold over 33.5 metres starting at 75.0 m downholein the same approximate area tested by the Company from a different direction with DDH21-009 (see news release December 9, 2021).
“The 2022 exploration program has met and exceeded our original objectives. We now have assay results from all sixty (60) diamond drill holes completed in 2021 and 2022 with over 70% of these drill holes returning significant gold intersections.” commented Robert T. Boyd, CEO of Endurance Gold. “In addition to the significant expansion of the Eagle Zone, we have now demonstrated the Imperial Zone remains open and will become a major target for exploration diamond drilling in 2023. ”
All diamond drill assay results are reported in Table 1. A surface drill plan for the Imperial Zone is shown in Figure 1. A photo of the 2004 core boxes sampled and reported in this release are shown in Figure 2. A longitudinal section encompassing the Imperial and Eagle zones and a schematic geological interpretation of the Eagle Area is available on the Company website. The complete tabulation of previous RC and 2021/2022 diamond drill results are summarized on the Company website.
The company is currently planning and finalizing budgets for a 2023 drill program that will involve exploring the Eagle Zone at depth over about 550 m of strike, completing infill drilling at the Eagle area, initial drill testing between Eagle and Imperial, and diamond drill testing the unexplored areas northwest of the Imperial Zone which is now confirmed to be open to expansion with these 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.