Endurance Gold samples 12 m of 7.68 g/t Au at Reliance

Jul 7, 2022

2022-07-07 10:18 ET – News Release

 

Mr. Robert Boyd reports

ENDURANCE REPORTS 7.68 GPT GOLD OVER 12.0 M AND 6.35 GPT GOLD OVER 8.0 M FROM SURFACE CHANNEL SAMPLING AT THE RELIANCE PROPERTY

Endurance Gold Corp. has released surface channel sampling results from new drill trail exposures in the Eagle area. The new trails were utilized for the recently completed reverse circulation program and the currently active diamond drilling program at the company’s Reliance gold property in Southern British Columbia. The road-accessible property is located four kilometres east of the village of Gold Bridge and 10 kilometres north of the historical Bralorne-Pioneer gold mining camp, which has produced over four million ounces of gold.

Continuous channel sampling was completed in 2022 on 12 road cuts exposed in late 2021 during drill trail construction completed to drill test the southeast extensions of the Eagle, Eagle South and 020 zones. Highlights of this channel sampling include:

 

  • A collective total of 545 metres of upper road cut outcrop exposure were systematically channel sampled at 12 locations where areas of moderate-to-strong, iron-carbonate-altered, mineralized bedrock were identified.
  • Six intervals within the channel samples returned encouraging results, providing additional exposures of the Eagle and 020 zones.
  • The Eagle zone has now been identified in eight road cut exposures along a 435 m strike length.
  • Highlights for new exposures of the Eagle zone include: 7.68 grams per tonne gold over 12 m, including 9.89 g/t gold over eight m; 6.35 g/t gold over eight m; and 4.49 g/t gold over six m.
  • Highlights for the exposure of the interpreted 020 zone channel sample include 1.36 g/t gold over 20 m, containing two higher-grade intervals of 2.31 g/t gold over six m and 2.75 g/t gold over four m.
  • Mineralization in the Eagle area has now been delineated over a 435-metre trend by 71 relatively shallow RC and diamond drill intersections and eight surface channel samples, with an average mineralized drill length of 9.6 m and a weighted average grade of 5.17 g/t gold.
  • Diamond drilling is currently active, with the completion to date of 1,665 m in eight drill holes in the 020 target area. Assay results are pending.

 

The 2022 channel sample assay results are summarized in an attached table. The complete tabulation of RC drilling and the 2021 diamond drill results are summarized on the company’s website.

For the current active diamond drilling program, a total of 364 diamond drill core 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 and surface exposures at the Reliance property are associated with intense iron carbonate and sericite alteration within structurally deformed, quartz-rich cataclastite breccia and brecciated vein sequences related to the Royal shear. Gold mineralization is directly related to varying amounts of arsenopyrite, stibnite and pyrite 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.

Channel samples were collected by a geologist and an assistant using a hand-held electric hammer demolition chisel, which extracts a continuous channel in outcrop horizontally across a premeasured and marked outcrop face. Since 2020, all rock and channel 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 were 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 an ICP-AES finish (AU-ICP21). Overlimit samples returning greater than 10 parts per million gold were reanalyzed by Au-GRA21 methodology, and antimony overlimits returning greater than 10,000 ppm Sb were reanalyzed by Sb-AA08 methodology. Grab samples are selective by nature and are unlikely to represent average grades on the property or within the target areas.

The work program is 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.

We seek Safe Harbor.

https://endurancegold.com/

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