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
October 04 2022 - 11:44AM
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.
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