Endurance Gold drills 24.8 m of 15.7 g/t Au at Reliance

Jan 12, 2022

2022-01-12 07:37 ET – News Release

Mr. Robert Boyd reports

ENDURANCE REPORTS NEW DRILL DISCOVERY OF 15.7 GPT GOLD OVER 24.8 METRES INCLUDING 29.96 GPT GOLD OVER 4.1 M ON THE RELIANCE PROPERTY

Endurance Gold Corp. has made a new drill discovery at the Eagle South area of the 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.

Highlights for the reported diamond drill hole DDH 21-020 include:

A new near-surface drill discovery on the Eagle South soil anomaly;
The best gold intersection reported to date on the Reliance property with 15.7 grams per tonne gold over 24.8 metres, including 26.96 g/t gold over 4.1 m, commencing at 33.3 m downhole;
A significant stepout located 150 m southeast of DH21-006 reported on Dec. 29, 2021, which intersected Eagle zone gold mineralization of 8.62 g/t gold over 24.4 m including 17.02 g/t gold over 4.3 m;
Strike length of the Eagle zone and Eagle South area has now been drill tested for over 300 m and continues to be open along strike to the southeast and to depth.
Together with surface gold prospects E5 and E7 reported on Jan. 5, 2022, with surface chip and grab sampling up to 21.2 g/t gold, confirm a minimum 400 m strike potential for the combined Eagle zone and Eagle South discovery area.
Many of the drill intersections in the Eagle area are near-surface and high-grade for shallow gold zones.

“The company’s maiden diamond drilling program at the Eagle zone continues to report near-surface high-grade gold intervals that now significantly expand the exploration potential into the previously undrilled Eagle South area. Systematic exploration is now delivering a significant discovery at the Eagle South with a top-tier gold intersection,” commented Robert T. Boyd, chief executive officer of Endurance Gold. “The original Imperial zone and recent discoveries at the Eagle, Eagle South and Diplomat zones convincingly demonstrate potential for further growth through drilling along the prospective two-kilometre-long Royal shear trend at the Reliance property.”

DDH21-020 was drilled east at minus 45 degrees to test under a strongly altered and mineralized outcrop exposed during October, 2021, drill trail construction completed to access the Eagle South gold-in-soil anomaly. Additional results and drilling in the Eagle South area are required to provide confidence on the estimated true width of the drill intersection in DDH21-020. One soil sample with a gold-in-soil value of 2,000 parts per billion gold was located in this approximate area prior to drill trail construction. DDH21-020 is located 760 m southeast of DH21-009, which tested the Imperial zone, and intersected gold mineralization of 8.47 g/t gold over 24.9 m, including 16.27 g/t gold over 10.5 m (reported on Dec. 9, 2021). A tabulation of the individual assay samples for the DDH21-020 intersection is summarized in a table on the company’s website and the drill core photo of the highest-grade drilled interval in DDH21-020 is shown in an image on the company’s website and selected breccia textures from the drill hole in an image on the company’s website.

As announced on Nov. 3, 2021, the company completed 22 drill holes at the Eagle and Imperial zones. Assay results for the first seven of 16 holes completed at the Eagle zone were reported on Nov. 29, 2021, and Dec. 29, 2021, with intersections of 10.94 g/t gold over 5.4 m, 7.49 g/t gold over 9.0 m, 8.62 g/t gold over 24.4 m, 2.39 g/t gold over of 14.8 m and 2.08 g/t gold over 16.9 m. Assay results for three of six holes drilled at the Imperial zone were reported on Dec. 9, 2021, with a highlight intersection of 8.47 g/t gold over 24.9 m including a higher-grade core of 16.27 g/t gold over 10.5 m. The 2021 diamond drill results reported to date are summarized in a table on the company’s website. Assay results for the remaining 11 holes at the Eagle and Imperial zones are expected to be reported through January and February, 2022.

Gold intersections in the Reliance property drill cores observed to date 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, arsenopyrite and pyrrhotite 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.

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 using a skid-mounted Hydracore 2000 equipped with NQ-size tools capable of collecting 4.76-centimetre diameter core. Diamond drill core was cut using a diamond drill 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. For drilled and sampled intervals of poor average core recovery, the complete core was sampled and sent to the laboratory for assay analysis. All grab, chip samples and diamond drill core samples have been submitted to ALS Global in North Vancouver, B.C., an International Organization for Standardization/International Electrotechnical Commission 17025:2017-accredited laboratory, where they are crushed to 70 per cent less than two millimetres (mm), then up to 250 gram pulverized to less than 75 microns. Samples are then submitted for four-acid digestion and analyzed for 48-element ICP-MS (inductively coupled plasma mass spectrometry) (ME-MS61) and gold 30-gram FA (fire assay) ICP-AES (inductively coupled plasma atomic emission spectroscopy) 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 antimony are reanalyzed by Sb-AA08 methodology. Endurance Gold monitors QA/QC (quality assurance/quality control) by inserting blanks, certified standards and pulp duplicates into the diamond drill core sample stream.

The 2020 and 2021 work programs were supervised by Darren O’Brien, PGeo, an independent consultant and qualified person as defined in National Instrument 43-101. Mr. O’Brien has reviewed and approved this news release.

We seek Safe Harbor.

https://endurancegold.com/