Endurance Commences 10,000 m Drilling Program at the Reliance Gold Property
Endurance Gold has initiated a 10,000-meter diamond drilling program at its Reliance Gold Property in southern British Columbia, aiming to expand known gold zones within the Royal Shear. The project, which began on July 4, 2024, will span five months and target high-grade mineralization at the Imperial Zone, among other areas. The company has completed 82 diamond drill holes totaling 17,907 meters over three seasons, with significant intersections including 15.70 grams per tonne (gpt) gold over 24.8 meters. Recent fieldwork includes geochemical sampling and a drone magnetic survey to assist in target generation. The drilling is supervised by Darren O'Brien, P.Geo., with samples processed by ALS Global. The goal is to enhance the geological model for an inaugural mineral resource estimate.
- Initiation of a 10,000-meter drilling program at the Reliance Gold Property.
- High-grade drill intersections, such as 15.70 gpt gold over 24.8 meters.
- Significant exploration activities including geochemical sampling and drone magnetic surveys.
- Targeting high-grade mineralization at the Imperial Zone to enhance resource estimates.
- Another lengthy and potentially costly drilling program spanning five months.
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2024) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce that drill crews mobilized to site on July 4th and drilling has commenced at the Reliance Gold Property (the "Property") in southern British Columbia. Exploration crews have been active on site since May conducting target generation field work, environmental baseline studies and community consultations. The road accessible Property is located 4 kilometres ("km") east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.
The planned 2024 program consists of up to 10,000 metres ("m") of diamond drilling with the objective of expanding the gold zones discovered within the Royal Shear, at depth and along strike. In the previous three seasons the Company has completed 82 diamond drill holes for 17,907 m along 1.5 km of the Royal Shear gold-mineralized trend. Drilling to date has been extremely successful with 53 of the 82 diamond drill holes returning drill intersections in excess of 10 gram X metre gold. Highlight diamond drill results include:
- 15.70 grams per tonne ("gpt") gold over 24.8 m including 26.96 gpt gold over 4.1 m.
- 8.62 gpt gold over 24.4 m including 17.02 gpt gold over 4.3 m.
- 8.47 gpt gold over 24.9 m including 16.27 gpt gold over 10.5 m.
- 5.80 gpt gold over 23.0 m including 8.52 gpt gold over 12.7 m
- 8.41 gpt gold over 12.0 m including 11.85 gpt gold over 7.7 m.
- 8.06 gpt gold over 13.5 m including 10.41 gpt gold over 5.5 m.
- 7.65 gpt gold over 12.7 m including 10.00 gpt gold over 8.7 m.
- 3.05 gpt gold over 139.9 m including 12.85 gpt gold over 12.9 m.
Drilling has been initiated at the Imperial Zone with the objective to expand high-grade mineralization along strike and to depth with four to six holes. The 2024 drilling program is anticipated to take approximately five months to complete. The program will also focus on previously untested areas between Imperial and Eagle, along strike to the northwest of Imperial, and at depth at Eagle and Imperial Zones. (see Figure 1 below).
Over the past two months the Company has completed Terraspec-assisted alteration logging on selected drill holes, a LiDAR survey that includes the Olympic Target area, a detailed drone magnetic survey along the Royal Shear trend, and geochemical surface sampling and prospecting to expand the Upper Eagle soil grid. This work will assist in generating additional drill targets along the Royal Shear trend, and in revising the 3D geologic model in anticipation of an inaugural mineral resource estimate.
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 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.. 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 Property Longitudinal - 2024 Royal Shear Drilling Target Areas
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FAQ
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