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
15 November 2022 - 12:00PM
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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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.
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