Endurance Gold drills 11.6 m of 7.31 g/t Au at Reliance

Dec 5, 2022

2022-12-05 10:06 ET – News Release

Mr. Robert Boyd reports

ENDURANCE CONFIRMS ADDITIONAL MINERALIZED FEEDER STRUCTURES WITH HIGHLIGHTS OF 7.31 GPT GOLD OVER 11.6 M INCLUDING 11.66 GPT GOLD OVER 6.2 M

Endurance Gold Corp. has released 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 four kilometres east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer gold mining camp, which has produced over four million ounces of gold.

Assay results reported are from two diamond drill holes completed in the central part of the Eagle area testing the Eagle South feeder zone. Highlights of the drilling results include:

DDH22-045 returned 7.31 grams per tonne gold over 11.6 metres, including 11.66 g/t gold over 6.2 metres from the 020 target of the Eagle South feeder zone. The intersection is a 60 m stepout from hole DDH21-020, which previously reported 15.7 g/t gold over 24.8 m (see news release Jan. 12, 2022), and a 45 m stepout from hole RC22-062, which reported 6.64 g/t 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 g/t gold over 12.1 m, including 12.55 g/t gold over 4.3 m about 15 m below this headline intersection (see news release Nov. 14, 2022).
DDH22-045 also returned 2.87 g/t gold over 8.3 m and 2.70 g/t gold over 8.3 m from the contact zones of the Eagle South 037 vein. These intersections are a 55 m stepout from hole DDH22-025 where the 037 vein returned 3.94 g/t gold over 7.2 m (see news release Aug. 8, 2022).
From the same set-up and different azimuth, drill hole DDH22-046 intersected three mineralized zones, including 5.03 g/t gold over three m associated with the 020 target, 2.97 g/t gold over 2.6 m from the 024 vein and 2.26 g/t gold over four 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 38 diamond drill holes for 8,274 m and 33 reverse circulation holes for 2,455 m were completed. Assays are still pending for 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 five to 52 m. The most significant veins with associated mineralization to date are the 024, 037 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 veins.

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

About Endurance Gold Corp.

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.

Diamond drill core was logged and evaluated on the property and samples designated for collection under the supervision of a geologist at the property. Drilling was completed with NQ-size tools capable of collecting 4.76-centimetre diameter core. Drill core was cut using a diamond saw with one-half of the core sent for analysis and the remaining kept for future studies. Sample intervals were typically two-metre core length and intervals were shortened for lithology or alteration changes. All drill core samples have been 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 are pulverized to less than 75 microns. Samples are then submitted for four-acid digestion and analyzed for 48-element inductively coupled plasma mass spectrometry (ME-MS61) and gold 30-gram fire assay inductively coupled plasma atomic emission spectroscopy finish (AU-ICP21). Overlimit samples returning greater than 10 parts per million gold are reanalyzed by Au-GRA21 methodology and overlimits returning greater than 10,000 ppm antimony are reanalyzed by Sb-AA08 methodology. Endurance Gold monitors quality assurance/quality control by inserting blanks, certified standards and pulp duplicates into the sample stream. The 2022 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.