Endurance Announces First 2024 Drill Results At The Reliance Gold Project, BC; Initial Six Holes Expand Imperial Zone With High-Grade Gold Mineralization
Rhea-AI Summary
Endurance Gold (TSXV: EDG, OTC: ENDGF) has announced preliminary assay results from the first six diamond drill holes at its Reliance Gold Project in British Columbia. The 2024 drilling program aims to expand gold zones within the 2-km long Royal Shear structure. Highlight results include:
- 2.19 gpt gold over 12.1 m (including 11.95 gpt over 0.6 m)
- 5.41 gpt gold over 4.1 m (including 11.15 gpt over 1.2 m)
- 6.80 gpt gold over 4.3 m (including 13.70 gpt over 2.0 m)
The Imperial Zone has been expanded along strike for over 100 m to the northwest and remains open. The Diplomat Zone has been confirmed as a secondary deeper mineralized zone. Drilling is progressing in the undrilled gap between Eagle and Imperial Zones, with results expected in mid-October.
Positive
- Expansion of Imperial Zone along strike for over 100 m to the northwest
- High-grade gold intersections, including 13.70 gpt gold over 2.0 m
- Confirmation of Diplomat Zone as a secondary deeper mineralized zone
- Ongoing fully funded drilling program expected to continue until end of 2024
Negative
- None.
News Market Reaction
On the day this news was published, ENDGF gained 22.69%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2024) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce preliminary assay results from the first six (6) diamond drill holes completed in the Imperial and Diplomat Zones at its Reliance Gold Project. The planned 2024 drilling program consists of up to 10,000 metres ("m") of diamond drilling designed to expand the gold zones discovered within the 2-km long Royal Shear structure. To date, eleven (11) drill holes have been completed for over 3,500 m.
Highlight assay results from the Imperial Zone DDH24-083 through DDH24-088 include:
- 2.19 gpt gold over 12.1 m; including 11.95 gpt gold over 0.6 m and 7.92 gpt gold over 1.1 m
- 5.41 gpt gold over 4.1 m; including 11.15 gpt gold over 1.2 m
- 1.94 gpt gold over 12.3 m; including 7.53 gpt gold over 1.0 m and 5.11 gpt gold over 2.0 m
- 6.80 gpt gold over 4.3 m; including 13.70 gpt gold over 2.0 m
- 3.26 gpt gold over 4.3 m
- 2.98 gpt gold over 4.7 m; including 6.72 gpt gold over 1.0 m
"The Reliance Gold Project continues to deliver exciting drill results that demonstrate a strong gold system. The current drilling is expanding the Imperial, Eagle, Crown and Diplomat zones hosted within the 2-km long Royal Shear" stated Robert T. Boyd, CEO of Endurance Gold Corporation. "Assay results from these step-out holes indicate that the gold system is still open to expansion along strike and to depth. We look forward to additional results as we test the northwest extensions of the Eagle Zone and the undrilled gap between Eagle and Imperial that includes the Crown Zone".
The Imperial Zone has been expanded along strike for over 100 m to the northwest where it remains open to expansion. In addition, these drill holes also intersected the Diplomat Zone which is now confirmed with several intersections to be a secondary deeper mineralized zone in the footwall that underlies and is parallel to the Imperial Zone echoing a similar structural relationship as seen at the Eagle Zone.
All drill hole results reported are over 10 gram-metre, exceeded the company's minimum requirement to report as a significant intersection which must include at least 3.0 m of consistent gold mineralization. A complete list of assay results is reported in Table 1. All results are reported as core length intervals. True composite widths are estimated at
Drilling is now progressing on the fifth additional hole in the 600 m undrilled gap between the Eagle and Imperial Zones with the four other unreported holes testing for deeper mineralization at the Eagle Zone and Crown Zone areas. Assay results are expected in mid-October for these additional drill holes. In the Crown Zone area, located on structural trend to the northwest of the Eagle Zone, prior drilling by the Company has intersected numerous mineralized quartz veins with two instances of visible gold (VG) previously reported.
The fully funded drilling program is expected to continue until the end of 2024.
Endurance Gold Corporation 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.
ENDURANCE GOLD CORPORATION
Robert T. Boyd, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation www.endurancegold.com
Toll Free: (877) 624 2237, info@endurancegold.com
Diamond drill core was logged and evaluated on the Property and samples designated for assay analysis under the supervision of a geologist at the property. Drilling was completed with HQ and NQ size tools capable of collecting 6.35 and 4.76 centimetre diameter core (respectively). Drill core was cut using a diamond saw with one half of the core sent for analysis and the remaining kept for future studies. All drill core samples have been submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they are crushed to
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.
Figure 1: Reliance - Royal Shear Longitudinal Section - 2024 Update & Active Drilling Areas
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Figure 2: Reliance Property Plan Map - 2024 Drill Hole Location
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Table 1 - 2024 Reliance Drill Hole Results - September 17, 2024
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223583
FAQ
What are the key drill results from Endurance Gold's Reliance Project in 2024?
How has the Imperial Zone at Endurance Gold's Reliance Project (ENDGF) expanded?
What is the significance of the Diplomat Zone discovery at Endurance Gold's Reliance Project?
When are the next drill results expected from Endurance Gold's 2024 Reliance Project program?
