InvestmentPitch Media Video Discusses Endurance Gold’s Drill Results Confirming 400 m Strike Extent of Eagle South Feeder Zone with 4.95 gpt Gold over 12.1m Including 12.55 gpt Gold over 4.3m at its Reliance Gold Property in BC

Rhea-AI Summary

Endurance Gold Corporation (OTCPink:ENDGF) announced new assay results from its ongoing diamond drilling program at the Reliance Gold Property in British Columbia. The latest findings confirm a significant 400-meter strike potential of the Eagle South Feeder Zone, with Hole DDH22-044 yielding 4.95 gpt gold over 12.1 meters, including 12.55 gpt gold over 4.3 meters. In 2022, the company has completed 38 diamond drill holes totaling 8,274 meters. Additionally, Endurance Gold raised approximately $2.04 million through a non-brokered private placement.

Positive

• Confirmed 400-meter strike potential of the Eagle South Feeder Zone.
• Drill results include significant gold grades: 4.95 gpt over 12.1 meters.
• Raised approximately $2.04 million through a non-brokered private placement.

Negative

• None.

VANCOUVER, British Columbia, Nov. 15, 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.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, along with video comments from Robert Boyd, President and CEO of Endurance. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Endurance” in the search box.

In 2022, the company completed a total of 38 diamond drill holes for 8,274 metres and 33 reverse circulation holes for 2,455 metres, which were designed to extend the strike of the mineralized system angf with video commentfd to test the extent of mineralized feeder structures below the shallow-dipping, near-surface Eagle Zone.

Today’s assay results are from 6 diamond drill holes completed in the Eagle Area, which confirm a 400 metre strike potential of the Eagle South Feeder Zone. Highlights of today’s results include Hole DDH22-044 which returned 4.95 gpt gold over 12.1 metres including 12.55 gpt gold over 4.3 m, along with 3.52 gpt gold over 4.0 m from a second deeper structure.

Hole DDH22-042 returned 2.99 gpt gold over 12.0 m including 7.35 gpt gold over 4.3 m from an Eagle South Feeder structure in a 250 m step-out to the northwest from hole DDH21-020 which previously reported 15.7 gpt gold over 24.8 m. Other intersections within the northwest extension of the Eagle South Feeder Zone include Hole DDH22-040 with 2.08 gpt gold over 13.3 m including 8.85 gpt gold over 2.6 m, and Hole DDH22-039 with two significant intersections of 1.58 gpt gold over 13.3m including 6.37 gpt gold over 1.5 m and a deeper intersection of 0.78 gpt gold over 15.1 m.

As reported in August, drilling within the Eagle South Feeder Zone identified multiple quartz vein zones with estimated horizonal widths ranging from 5 to 52 metres. The most significant veins with associated mineralization to date are the 024, 037, and 027 Veins, which 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 Zone is bound by the shallower dipping Eagle Zone to the northeast and the steeply dipping Royal Shear Fault to the southwest. The area of deformation related to this target area is open along strike and to depth below the southwest dipping Royal Shear Fault.

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 company recently closed an over-subscribed non-brokered private placement, raising gross proceeds of approximately $2,039,000 from the placement of $0.42 units.

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.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

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.

CONTACT:
InvestmentPitch Media
Barry Morgan, CEO
bmorgan@investmentpitch.com

FAQ

What were the latest drill results from Endurance Gold Corporation on November 15, 2022?

Endurance Gold reported that Hole DDH22-044 returned 4.95 gpt gold over 12.1 meters, confirming a 400-meter strike potential of the Eagle South Feeder Zone.

How much gold was found in the recent drilling at the Reliance Gold Property?

Significant gold assays include Hole DDH22-044 with 4.95 gpt over 12.1 meters and Hole DDH22-042 with 2.99 gpt over 12.0 meters.

What is the current stock trading price for Endurance Gold (ENDGF)?

Endurance Gold shares are currently trading at $0.385.

How much did Endurance Gold raise in the recent private placement?

Endurance Gold raised approximately $2.04 million from an over-subscribed non-brokered private placement.