Endurance Reports Surface Samples Between 7.01 GPT & 21.2 GPT Gold From Eagle South Doubling the Surface Extent of The Eagle Zone to 400 Metres

Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to report encouraging results of chip and grab samples from newly exposed outcrops at the Reliance Gold Property (the "Property") in southern British Columbia. The 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.

As reported on October 28, 2021, construction of a new drill access road exposed quartz-stibnite-pyrite-arsenopyrite breccias and oxidized shearing within an area of structural deformation associated with the 300 metres ("m") long Eagle South gold-in-soil anomaly ("Eagle South"). Gold-pathfinder elements were identified in outcrop using a hand-portable XRF unit and a subset of samples were submitted for gold assay analysis. Assay results are reported herein where all five samples collected from Eagle South returned high-grade gold ranging from 7.01 grams per tonne ("gpt") to 21.20 gpt gold.

Table 1 - Eagle South Soil Anomaly - Surface Rock Sample Results
Bedrock Prospect	Gold Grade (gpt)	Sample ID	Description
Eagle South (E5)	21.20	B838878	Grab- Ultramafic at porphyry contact with scorodite after arsenopyrite
Eagle South (E5)	15.30	B838879	0.5 m wide chip - hematite shearing
Eagle South (E5)	7.01	B838880	1.8 m wide chip - hematite shearing
Eagle South (E7)	9.66	B838875	2.5 m wide chip - hematite shearing
Eagle South (E7)	12.90	B838876	Grab - 0.5 m wide stibnite-arsenopyrite in quartz vein

The surface exposure for the combined Eagle and Eagle South Zones has now been expanded to a 400 m strike length and up to 150 m in projected width to surface. The Eagle and Eagle South Zones together with the Upper Eagle gold-in-soil anomaly are still open to expansion to the southeast and to depth.

Three samples were collected from the E5 prospect at three different locations over a 40 m distance across Eagle South. Samples exhibited iron carbonate alteration, strong hematite altered shearing, and arsenopyrite, stibnite, scorodite and chrome mica. The samples assayed 21.20 gpt, 15.30 gpt, and 7.01 gpt gold. The chrome mica suggests the presence of ultramafic rocks that have been altered. The E5 prospect is located on surface 150 m southeast of DDH21-006 which intersected 8.62 gpt gold over 24.4 m including 17.02 gpt gold over 4.3 m (see press release December 29, 2021) and is currently interpreted to be a southeastern extension of the Eagle Zone.

The E7 prospect is located an additional 130 m to the southeast of E5 and 270 m southeast of DDH21-006. Two samples were collected from poorly exposed and partly oxidized outcrop exhibiting iron carbonate alteration and hematite shearing including a narrower stibnite-arsenopyrite bearing quartz vein. Chip sample B838875 returned 9.66 gpt gold and 3,050 ppm antimony ("Sb") over 2.5 m across the exposure.A representative grab sample B838876 returned 12.9 gpt gold and 1.83 % Sb from the 0.5 m wide stibnite-arsenopyrite vein.

The E5 prospect has been partially tested with diamond drill holes DDH21-014, DDH21-015, and DDH21-020 completed in late October 2021. Assay results remain to be reported on these drill holes. The E7 prospect has not been drill tested. The Upper Eagle gold-in-soil anomaly has not yet been explained with any associated bedrock exposures and remains to be tested with drilling.

These outcrop sample results are very encouraging and continue to demonstrate the excellent exploration potential on the Reliance Property. The Company plans to complete systematic channel sampling in these outcrop areas. Exploration plans, when finalized, will include maiden drill testing of the E7 prospect, the Upper Eagle gold-in-soil anomaly, and further drilling at the E5 prospect with the objective of expanding and defining the Eagle Zone.

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

FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, info@endurancegold.com
www.endurancegold.com

Grab and chip samples are selective by nature and were collected at locations where elevated XRF values for pathfinder elements were identified and are unlikely to represent average grades on the property or within the target areas.

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 using a skid mounted Hydracore 2000 equipped with NQ size tools capable of collecting 4.76 cm diameter core. Diamond drill core was cut using a diamond drill saw with one half of the core sent for analysis and the remaining kept for future studies. Sample intervals were typically 2 metre core length and intervals were shortened for lithology or alteration changes. For drilled and sampled intervals of poor average core recovery, the complete core was sampled and sent to the laboratory for assay analysis. All grab, chip samples and diamond 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 70% Endurance Gold monitors QA/QC by inserting blanks, certified standards and pulp duplicates into the diamond drill core sample stream.

The 2020 and 2021 work programs were supervised by Darren O'Brien, P.Geo., an independent consultant and qualified person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved this news release. 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, 2021 Drill Plan Eagle Area - Eagle South Rock Sample Locations

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4976/109109_ffce24b4948c486d_002full.jpg

Figure 2: Reliance Property - Eagle South at E5 Prospect

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4976/109109_ffce24b4948c486d_003full.jpg

Figure 3: Reliance Property - Eagle South at R7 Prospect

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4976/109109_ffce24b4948c486d_004full.jpg

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109109

News Provided by Newsfile via QuoteMedia

tsxv:edg endurance gold gold investing Gold Investing

EDG:CA

Endurance Doubles The Size of The Reliance Gold Property, B.C.

Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce that it has acquired an option to earn a 100% ownership in the former Minto Gold Mine, Olympic and Kelvin gold prospects contained within a parcel of crown grants and mineral claims (the "Olympic Claims"). The Olympic Claims are located immediately adjoining and contiguous with the Company's previously owned Reliance Gold Property (the "Reliance Property") in southern British Columbia. The enlarged road-accessible Reliance Property, including the Olympic Claims, is located 4 kilometers ("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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Endurance Commences Drilling Program at the Reliance Gold Property, B.C.

Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to announce that drilling has commenced at the Reliance Gold Property (the "Property") in southern British Columbia with the first drill rig arriving on April 20. A second rig is anticipated to commence in about five weeks. 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 2022 program consists of reverse circulation ("RC") and diamond drilling designed to expand the 2021 drill discovery at Eagle South which returned 15.70 grams per tonnes ("gpt") gold over 24.8 metres ("m") at shallow depth in DDH21-020 (reported January 12, 2022),and at the Eagle Zone which returned 8.62 gpt gold over 24.4 m from DDH21-006 (reported December 29, 2021). At the Eagle Zone, recent drilling results by the Company have defined a near-surface, shallow dipping zone of 250 m by 150 m in size with a weighted average grade of 5.13 gpt gold and average estimated true width of 11.2 m. The Eagle mineralized zones continue to be open to the southeast and to depth. Soil sampling, biogeochemical sampling, and surface grab samples of up to 21.2 gpt gold (reported January 5, 2022) indicate the potential to expand the combined Eagle mineralized zones to a minimum 400 m strike length. Channel sampling of these new surface prospects discovered in November 2021 will be completed in the next few weeks.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Endurance Gold Announces DTC Eligibility for its Common Shares and Berlin Open Market Acceptance

Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (BE: 3EG) ("Endurance or the "Company") is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States. DTC eligibility will enable an accelerated settlement process and the Companies shares to be economically transferred between brokerage accounts electronically within the United States. The company's common shares trade on the OTC Pink under the ticker symbol ENDGF.

In addition, the Company was sponsored by a German financial institution and has been accepted for listing of its shares on the Berlin Open Market with the Company's common shares trading in Germany under the ticker symbol 3EG.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Endurance Gold Increases Non-Brokered Private Placement to $3 Million

Endurance Gold Corporation (TSXV: EDG) ("Endurance or the "Company") is pleased to announce plans to increase the size of the non-brokered private placement previously announced on January 31, 2022 with about 50% participation by Evanachan Limited, a company controlled by Robert McEwen.

The Company intends to increase the non-brokered private placement of 6,250,000 units (each, a "Unit") to up to 7,500,000 Units for increased gross proceeds of up to $3.0 million (the "Offering"). Each Unit remains at a price of $0.40 per Unit. Other than the size of the Offering increase, all the terms remain the same as announced on January 31, 2022. Each Unit will consist of one common share (each, a "Share") and one-half non-transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share of the Company at an exercise price of $0.55 for a period of two years from the date of issuance thereof. Proceeds raised from the sale of the Units will be used by the Company for exploration activities and for general corporate purposes.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Endurance Invited And Exhibiting at AME Roundup Core Shack Featuring High-Grade Drill Intersections From The Reliance Gold Project BC

Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to announce that the Company will be exhibiting, in-person and by special invitation, at the 2022 AME Roundup Conference Core Shack located at the Vancouver Convention Centre West on Monday, January 31 and Tuesday, February 1.

Display Drill Core will include representative core from the four best holes drilled by the Company at the Reliance Gold Property (the "Property") in 2021 from drill holes spread along a 750 m trend which returned 15.7 gpt gold over 24.8 m including 26.96 gpt gold over 4.1 m, 8.47 gpt gold over 24.9 m including 16.27 gpt gold over 10.5 m, 8.62 gpt gold over 24.4 m including 17.02 gpt gold over 4.3 m, and the most recent drill announced last week of 1.70 gpt gold over 62.1 m.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Sarama Resources Consolidates Position in Western Australian Goldfields

Agreement Executed for Acquisition of Majority Interest(1) in Belt-Scale Mt Venn Project

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has executed a non-binding Heads of Agreement (the “HoA”) with Orbminco Limited (“Orbminco”) (ASX: OB1), an arm’s length third party, to acquire a majority⁽¹⁾ and controlling interest⁽¹⁾ in the under- explored, belt-scale 420km² Mt Venn Project (the “Project”)⁽²⁾, located in the Eastern Goldfields of Western Australia.

Keep reading...Show less

Lunnon Metals, Ngadju People Sign Mining Agreement for Kambalda Gold-Nickel Project

Lunnon Metals (ASX:LM8) said Thursday (January 9) that it has signed a mining agreement with Ngadju Native Title Aboriginal Corporation regarding the Kambalda gold-nickel project in Western Australia.

In a press release, the company said the agreement covers only relevant parts of the project. The conditions of the agreement have been discussed since June 2021, after Lunnon listed on the ASX.

“This agreement has taken over three years to finalise but embodies a shared commitment with the Ngadju people to progress our gold and nickel portfolio towards development and potential future production,” said Lunnon Managing Director Edmund Ainscough. He added that the deal covers procedures from exploration to production.

Keep reading...Show less

QUIMBAYA GOLD TO ATTEND THE 2025 VANCOUVER RESOURCE INVESTOR CONFERENCE

Quimbaya Gold Inc. (CSE: QIM) (" Quimbaya " or the " Company ") is pleased to announce its participation in the upcoming 2025 Vancouver Resource Investment Conference (the "VRIC") in Vancouver on January 19-20 2025 . VRIC, is a key event in the junior mining sector for 25 years and draws over 9,000 investors and 300 investment opportunities in the mining sector.

This conference presents an excellent opportunity for Quimbaya to expose early stage discovery investors to its three large scale claim packages in Antioquia, Colombia and to outline its exploration plans for 2025. The conference schedule includes tailored meetings that match investors with appropriate projects, supported by expert analyses and updates on the latest trends in the mining sector.

Investors interested in attending the VRIC can register here: https://cambridgehouse.com/vancouver-resource-investment-conference . Quimbaya invites attendees to visit us at Booth 704 where they will have the opportunity to engage directly with the Company's management team and learn more about Quimbaya's exploration activities.

"We're excited to join VRIC 2025, one of the premier events for investors and resource enthusiasts," said Alexandre P. Boivin President and CEO of Quimbaya Gold. "This conference is our springboard into our most active year ever on our quest to make the next great gold discovery in one of the best gold rich districts on the planet."

About Quimbaya

Quimbaya is active in the exploration and acquisition of mining properties in the prolific mining districts of Colombia . Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Department, Colombia .

Quimbaya Gold Inc.
Follow on X @quimbayagoldinc
Follow on LinkedIn @quimbayagold

Cautionary Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the completion of the Offering and the timing thereof, and the anticipated use of proceeds of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "should" or "would" or occur. Forward-looking statements are based on certain material assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release, including, but not limited to, that the Company will complete the Offering on the terms disclosed, that the Company will receive all necessary regulatory approvals for the Offering, that the Company will use the proceeds of the Offering as currently anticipated; and assumptions relating to the state of the financial markets for the Company's securities. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company may not be able to raise funds under the Offering, as currently anticipated, that the Company may fail to receive any required regulatory approvals for the Offering, that the Company will not use the proceeds of the Offering as anticipated, market volatility, unanticipated costs, changes in applicable regulations, and changes in the Company's business plans. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

SOURCE Quimbaya Gold Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/10/c6999.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

SAVE THE DATE: NOVAGOLD 2024 Year-End Report, Conference Call and Video Webcast

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or "the Company" (NYSE American, TSX: NG) will release its 2024 year-end report before market open on January 23, 2025, followed by a conference call and video webcast to discuss these results at 8:00 am PT (9:00 am MT11:00 am ET).

During the webcast, NOVAGOLD's President and Chief Executive Officer, Greg Lang; and Vice President and Chief Financial Officer, Peter Adamek, will provide a summary of the company's year-end financial results and an update on the Donlin Gold project.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Video Webcast:	www.novagold.com/investors/events

North American callers:	1-844-763-8274

International callers:	1-647-484-8814

Endurance Reports Surface Samples Between 7.01 GPT & 21.2 GPT Gold From Eagle South Doubling the Surface Extent of The Eagle Zone to 400 Metres

Agreement Executed for Acquisition of Majority Interest(1) in Belt-Scale Mt Venn Project

Bullet briefing — Trump sets sights on Greenland, Trudeau resigns

Trump sets sights on Greenland again

Trudeau resigns, resource sector to benefit?

Company Highlights

Latest News

Latest Press Releases

Related News

TOP STOCKS