Endurance Gold drills 14.1 m of 3.52 g/t Au at Reliance

Feb 9, 2023

2023-02-09 08:20 ET – News Release

Mr. Robert Boyd reports

ENDURANCE REPORTS DRILL RESULTS FROM IMPERIAL ZONE EXTENDS STRIKE TO 135 M WITH 3.63 GPT GOLD OVER 5.0 M AND 3.52 GPT GOLD OVER 14.1 M

Endurance Gold Corp. has released the final set of assay results from the 2022 diamond drilling program at 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 historical Bralorne-Pioneer gold mining camp, which has produced over four million ounces of gold. During the 2022 field season, the company completed 38 diamond drill holes for 8,274 metres and 33 reverse circulation drill holes for 2,455 m.

Assay results reported herein are from two 2022 diamond drill holes testing the northwestern strike extent of the Imperial zone, and from previously unsampled portions of a historical 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 grams per tonne gold over 4.2 metres and 3.63 g/t gold over five m. The holes were 45 m and 70 m stepouts, respectively, from DDH21-009, which previously reported 8.47 g/t gold over 24.9 m (see news release dated Dec. 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 historical 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 relogging this 2004 drill core, starting at about 50 m down hole. Assaying of this interval returned 3.52 g/t gold over 14.1 metres, including 8.4 g/t gold over 4.1 metres. This intersection is interpreted to be the down-dip extension of a poorly exposed outcrop identified in grab samples collected in 2021 that assayed 6.83 g/t gold, 4.5 g/t gold and 2.84 g/t gold.

The lower part of DDH2004-01 intersected the Imperial zone and was sampled by the previous operator in 2004, returning 6.69 g/t gold over 33.5 metres, starting at 75 m down hole, in the same approximate area tested by the company from a different direction with DDH21-009 (see news release dated Dec. 9, 2021).

“The 2022 exploration program has met and exceeded our original objectives. We now have assay results from all 60 diamond drill holes completed in 2021 and 2022, with over 70 per cent of these drill holes returning significant gold intersections,” commented Robert T. Boyd, chief executive officer 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 an attached table. Previous reverse circulation drill results and 2021/2022 diamond drill results are summarized on the company’s 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.

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.

Grab samples are selective by nature and may not represent the true grade from the area sampled. Since 2020, all rock samples were submitted to ALS Global in North Vancouver, B.C., an ISO/IEC 17025:2017-accredited laboratory, where they were crushed to 70 per cent passing fewer than two millimetres, then up to 250 grams are pulverized to fewer than 75 micrometres. Samples were then submitted for four-acid digestion and analyzed for 48 elements, using ICP-MS (ME-MS61), and for gold, using a 30 g fire assay with ICP-AES finish (AU-ICP21). Overlimit samples returning greater than 10 parts per million gold were reanalyzed by the Au-GRA21 methodology, and overlimit samples returning greater than 10,000 ppm antimony were reanalyzed by the Sb-AA08 methodology.

Diamond drill core was logged and evaluated on the property, and samples were 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 half kept for future studies. Sample intervals were typically two m 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 passing fewer than two millimetres, then up to 250 grams are pulverized to fewer than 75 micrometres. Samples are then submitted for four-acid digestion and analyzed for 48 elements using ICP-MS (ME-MS61) and for gold using a 30 g fire assay with an ICP-AES finish (AU-ICP21). Overlimit samples returning greater than 10 parts per million gold are reanalyzed by Au-GRA21 methodology, and antimony 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 was supervised by Darren O’Brien, PGeo, vice-president of exploration, the qualified person as defined in National Instrument 43-101. Mr. O’Brien has reviewed and approved this news release.

The 2004 historical drill hole reported in this release was from drilling completed by a previous operator. Reporting is limited, and drilling procedures cannot be confirmed to be of CIM (Canadian Institute of Mining, Metallurgy and Petroleum) best practice guidelines. Therefore, the company cautions that the drilling activity cannot be relied on due to poor-quality georeferencing, lack of down-dip survey information and lack of quality assurance/quality control protocols. Despite best estimates by the company, the drill intersection mentioned in this release may not accurately represent the true width of the reported intersection, and further confirmation work is required.