InvestmentPitch Media Video Discusses Endurance Gold’s Additional Assay Results from Diamond Drilling Program at Reliance Gold Property in southern BC, including Intersections of 7.65 gpt Gold over 12.7 metres and 7.55 gpt Gold over 8.9 metres

Rhea-AI Summary

Endurance Gold Corporation (OTCPink:ENDGF) has announced additional assay results from its diamond drilling program at the Reliance Gold Property in British Columbia. The report includes significant gold intersections, such as 7.65 gpt gold over 12.7 m and 7.55 gpt gold over 8.9 m, from five new drill holes. The company has completed 33 diamond drill holes totaling 7,039 metres to date, revealing multiple quartz vein zones. CEO Robert T. Boyd emphasized the potential for an extensive orogenic gold system and plans for future drilling to further explore the Eagle Zone.

Positive

• Significant gold intersections reported: 7.65 gpt over 12.7 m and 7.55 gpt over 8.9 m.
• Completion of 33 diamond drill holes with 78% returning significant gold results.
• Potential for further expansion of mineral deposits at the Eagle Zone.

Negative

• None.

VANCOUVER, British Columbia, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Endurance Gold Corporation (TSXV:EDG) (OTCPink:ENDGF) (FSE:3EG) has reported additional assay results from the ongoing diamond drilling program at its Reliance Gold Property in southern British Columbia. With year-round road access, the Reliance Gold Property is located 4 kilometres east of the village of Gold Bridge and 10 kilometres north of the historic Bralorne-Pioneer Gold Mining Camp, which has produced more than 4 million ounces of gold.

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As of September 30, the company has completed 33 diamond drill holes in 2022 for 7,039 metres with results reported to date on 16 drill holes. Today’s assay results include 9 significant gold intersections from 5 additional diamond drill holes completed in the Eagle Area.

As reported on August 8, drilling within the Eagle South Zone has identified multiple quartz vein zones with estimated horizontal widths ranging from 5 to 52 metres. The most significant veins with associated mineralization to date are the 024 Vein and 027 Vein. These quartz veins exhibit a pervasive crackle breccia texture with gold-arsenopyrite mineralization concentrated in more intense cataclastite brecciation along the quartz vein margins.

The Eagle South Feeder target area is about 150 metres wide and at least 400 metres in length, bound by the shallower dipping Eagle Zone to the northeast and the steeply dipping Royal Shear Fault to the southwest, and is open along strike and to depth below the southwest dipping Royal Shear. Eagle South is an area of brittle-ductile deformation and strong pervasive ankerite-sericite alteration with multiple brecciated quartz veins identified to date. The strike length and depth potential of each of these brecciated quartz veins is currently unknown and the distribution of the gold and arsenopyrite rich margins of these breccias zones is still poorly understood.

Holes DDH22-035, 36, 37, and 38 were drilled from the same pad and extended mineralization 165 metres to the southeast from hole DDH21-020. Highlights include intersections of 7.65 gpt gold over 12.7 metres and 7.55 gpt gold over 8.9 metres.

Robert T. Boyd, CEO, stated: "We now have assay results from thirty-eight diamond drill holes completed in 2021 and 2022 with seventy-eight percent of these drill holes returning significant gold intersections. The ongoing drilling program has delineated the Eagle Zone over a 500 metre strike extent and has discovered large brecciated quartz veins signifying a robust orogenic gold system with depth potential. Future drilling will continue to expand the Eagle Zone and delineate mineralized feeder zones related to the quartz veins."

The company has a number of other highly prospective North American mineral properties which management considers have the potential to develop world-class deposits.

The shares are trading at $0.385. For more information, please visit the company’s website, www.EnduranceGold.com, contact Robert T. Boyd, President and CEO, at 604-682-2707 or by email at info@EnduranceGold.com.

Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. Endurance Gold has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What are the latest assay results for ENDGF from the Reliance Gold Property?

Endurance Gold reported significant assays including 7.65 gpt gold over 12.7 m and 7.55 gpt gold over 8.9 m.

How many diamond drill holes has ENDGF completed in 2022?

As of September 30, 2022, ENDGF has completed 33 diamond drill holes totaling 7,039 metres.

What is the current trading price of ENDGF shares?

ENDGF shares are currently trading at $0.385.

What is the significance of the Eagle Zone findings for ENDGF?

The findings suggest a robust orogenic gold system with significant depth potential for further exploration.