Endurance Gold drills 30.4 m of 6.64 g/t Au at Reliance

Jun 6, 2022

2022-06-06 17:34 ET – News Release

Mr. Robert Boyd reports

ENDURANCE REPORTS FIRST GOLD RESULTS FROM RELIANCE 2022 RC PROGRAM

Endurance Gold Corp. has released the initial results from the 2022 reverse circulation drill program at its Reliance gold property in Southern British Columbia. The road-reachable property is located four kilometres east of the village of Gold Bridge and 10 kilometres north of the historic Bralorne-Pioneer gold mining camp, which has produced over four million ounces of gold.

Assay results reported below are from the first three RC drill holes at the Eagle zone and four holes on the Treasure trend. Drilling results highlights include the following:

RC22-062 tested the 020 target of the Eagle zone and intersected 6.64 grams per tonne gold over 30.48 metres, starting at a 44.2-metre depth. Within this reported 30.48-metre intersection, there is a higher-grade interval of 13.75 g/t gold over 9.15 m.
RC22-062 was designed to test the true width of mineralization discovered in diamond drill hole DDH21-020, which returned 15.7 g/t gold over 24.8 m, starting at 33.3 m (see the news release dated Jan. 12, 2022). The higher-grade interval in RC22-062 has a similar grade to the intersection in DDH21-020. The 020 target is currently interpreted to be a steeper-dipping structure hosted within a regional-scale reverse fault.
Portable X-ray fluorescence (pXRF) of RC22-062 reported 2,039 parts per million pXRF arsenic over 38.1 m associated with this intersection (see the news release dated May 17, 2022), confirming the pXRF arsenic versus gold correlation.
RC22-062 is the first of five RC holes with elevated pXRF arsenic intervals exceeding 18 m (see the news release dated June 2, 2022). The five holes are distributed along the strike of the Eagle zone for 250 m. Assays will be reported when received.
Located 140 m north, RC22-061 intersected the updip extension of the Eagle zone with two intervals of 9.69 g/t gold over 3.05 m and 6.92 g/t gold over 3.05 m, commencing at 38.1 m and 57.91 m, respectively.
The Treasure trend is confirmed as a gold-bearing southwest-dipping structure with the best intersections of 1.8 g/t gold over 4.57 m and 1.4 g/t gold over 3.05 m at the Vista prospect.

“The 2022 drilling at Reliance is off to an excellent start with this RC intersection at the 020 target, providing confidence in the potential for this structure to have significant exploration potential,” commented Robert T. Boyd, chief executive officer of Endurance Gold. “A near-surface drill intersection with 202-gram-metre product is a rare privilege in an orogenic gold system, and this hole RC22-062 is the eighth hole completed by Endurance Gold returning greater than 100 gram metres.”

Gold assay results are pending on 21 RC drill holes at Eagle and Eagle South (020 target) that were highlighted to have mineralized potential based on pXRF scanning of RC drill chips (see the news release dated June 2, 2022). The pXRF technique does not report quantifiable gold, but previous work by the company has shown that arsenic mineralization has a strong positive correlation with gold mineralization.

The 2022 gold assay results are reported in the attached table. The complete tabulation of 2021 diamond drill results are summarized on the company website.

To date, a total of 656 RC samples have been submitted to the ALS Global laboratory for gold assay and multielement ICP analysis. Assay results will be reported when received.

Gold intersections on the Reliance property are associated with intense iron-carbonate and sericite alteration within structurally deformed sequences related to the Royal shear. Gold mineralization is directly related to varying amounts of pyrite, stibnite and arsenopyrite 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.

Endurance Gold 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.

RC samples were collected under the supervision of a geologist at the drilling rig. Drilling was completed using a 3.5-inch hammer bit, and rock chip samples were collected using a cyclone. Sample size was reduced to a one-eighth size with a riffle splitter at the drilling rig. A second duplicate split and coarse chips were collected for reference material and stored at the property. pXRF analysis was conducted by a company geologist at the project site on all RC chip samples. An Olympus Vanta XRF analyzer was used for the analysis, which is capable of measuring elements from concentrations as low as single parts per million. RC samples with anomalous pXRF arsenic results are submitted to ALS Global in North Vancouver, B.C., an ISO/IEC 17025:2017-accredited laboratory, where they are crushed to 70 per cent less than two millimetres then up to 250 grams pulverized to fewer than 75 micrometres. Samples are then submitted for four-acid digestion and analyzed for 48-element ICP-MS (ME-MS61) and gold 30-gram FA ICP-AES finish (AU-ICP21). Overlimit samples returning greater than 10 ppm gold are reanalyzed by Au-GRA21 methodology, and overlimit antimony returning greater than 10,000 ppm Sb is reanalyzed by Sb-AA08 methodology.

The work program is supervised by Darren O’Brien, PGeo, vice-president, exploration, for the company and the qualified person as defined in National Instrument 43-101. Mr. O’Brien has reviewed and approved this news release.