Precious Metals

Wide Altered and Sulphide-rich Intervals intersected at Eagle and Imperial Zones

Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to report an update on diamond drilling at both the Eagle and Imperial Zones 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 with year-round road access, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.

The Company's planned diamond drilling program of 4,000 metres ("m") has now completed a total of ten (10) drill holes at the Eagle and Imperial Zones for a total of 1,988.6 m through September 26, 2021. Seven (7) holes have been completed at the Eagle Zone (see Figure 1 - DDH Locations at the Eagle Zone). An additional three (3) holes have been completed at the Imperial Zone and the last of four (4) planned drill holes at the Imperial Zone is currently in progress to test the depth extent of the Imperial Zone. After completion of the current hole, the drill will test the Crown-Eagle Zone and further drill holes are currently being considered on the southeast extension of the Eagle Zone, now that site preparations of the new drill road has progressed sufficiently to provide set-up locations.

Eagle Zone Drilling - Based on initial observations, six of the seven diamond drill holes have intersected the Eagle Zone mineralization associated within a complex zone of strongly altered brittle shears and brittle deformed areas over widths similar to those widths reported from the RC drilling in 2020 and earlier in 2021. Also, several of these holes were extended to depth to better define the host stratigraphy, intrusive relationships and the structural settings. Total depth of each of the Eagle holes varied between 84 m and 262 m for a total of 1,265.5 m diamond drilled to date at Eagle. As reported on September 13th, some of the Eagle Zone diamond drill intersections are entirely or partially oxidized. Since that update, DDH 21-006 has intersected an unoxidized interval of the Eagle Zone over about 24 m in drill core, which is an estimated true width of the Eagle Zone in this area (see Figure 2 - Photo of DDH 21-006 Eagle Shear Zone in Core). A more detailed photo montage of the core samples from DDH21-006 is available at the company website.

The Eagle Zone, striking northwest and southeast and dipping about 35 degrees to the southwest, consists of a 15 to 30 m wide area of brittle deformed and pervasive ankerite-sericite and sulphide altered mafic volcanic with brittle shearing and multi-staged brecciation. Sulphide is in the form of pyrite-pyrrhotite-arsenopyrite-stibnite with a late-stage of silicification, stockworks and quartz veinlets and quartz healed breccia. Two post-mineral but altered feldspar porphyry intrusive dykes (Eagle 0 East and Eagle 0 West dykes) are interpreted to intrude along post-mineral brittle NW-SE trending high angle reverse faults. These two dykes and associated faults sub-parallel the dominant high angle Royal Fault, a wide brittle-ductile fault zone which forms the western hanging wall of the Royal Shear complex. Based on stratigraphic correlations, the northeastern of these two faults related to the Eagle 0 East dyke is interpreted to be a reverse fault with the southwest side upthrown with respect to the northeast side of the fault(s), effectively offsetting the shallow southwest dipping Eagle Zone to the southeast in its surface expression. Therefore, a zone of oxidized alteration, sulphides and breccia intersected in the top 40 m of the DDH21-002 as well as the Eagle South Zone channel sample are currently interpreted to be the offset equivalent of the Eagle Zone.

Within the Eagle Zone drilling, a lower but narrower zone of quartz sulphide veining and stockwork, interpreted to be dipping about 80 degrees to the southwest, has also been observed in three holes associated with a lithological contact between altered mafic volcanic and sheared argillite and chert. Core samples for the Eagle Zone drilling have been submitted to the laboratory for analysis and results will be reported when received.

Imperial Zone Drilling - The majority of the drill core from historic drilling in the late 1980's at the Imperial Zone is in very poor condition, and not recoverable to professional standards, and thus four diamond drill holes were planned at the Imperial Zone to get a complete structural, alteration and mineralized section along strike and at depth on the Imperial Zone. Three holes drilled at -45 degrees have been completed and have intersected the Imperial Zone at approximately 100 m below surface along about 100 m of strike. Depth of the three completed holes is 257 m, 216.5 m and 249.6 m respectively for a total of 723.1 m drilled to date at the Imperial Zone. A fourth drill hole is currently in progress drilling at minus 82 degrees with the objective of intersecting the Imperial Zone at about 150 m step-out down-dip from the intersection elevation of the first three diamond drill holes. In the first three holes, the interpreted Imperial Zone iron carbonate-sericite alteration, sulphide alteration, silicification and breccia in strongly altered mafic volcanics has been observed in intervals between 10 and 25 m in each of the three holes with continuity at the same structural and stratigraphic location. (see Figure 3 - Photo of DDH 21-009 Imperial Zone in Core). A more detailed photo montage of the core samples from DDH21-009 is available at the company website.

The last program of diamond drilling completed in 2008 at the Imperial Zone by a prior owner returned highlight diamond drill intersections of 13.30 gpt gold over 4.20 m, 7.05 gpt gold over 5.06 m, 5.70 gpt gold over 12.05 m, and 5.43 gpt gold over 15.35 m in four (4) drill holes of an eight (8) hole 2008 drilling campaign.

The Company has previously completed two phases of reverse circulation ("RC") drilling in late 2020 and spring 2021 with the completion of 51 RC drill holes. Thirty-Five (35) of these 51 RC holes returned encouraging gold intersections exceeding 3.0 m in width. The significant intersections from the RC drill program are available on the Company website.

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

The 2020 and 2021 work program is 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 - Location 2021 Eagle Zone Diamond Drill holes

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4976/97711_2c46b6fba4f7eb00_002.jpg

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4976/97711_2c46b6fba4f7eb00_002full.jpg

Figure 2 - DDH21-006 Eagle Zone Intersection - Red markers 26m to 50.3m - Ankerite-Sericite Altered Breccia, with Sulphide & Silicification (see website for detail photos)

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4976/97711_2c46b6fba4f7eb00_003.jpg

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4976/97711_2c46b6fba4f7eb00_003full.jpg

Figure 3 - DDH21-009 Imperial Zone Intersection - Red Markers 160m to 184.4m - Ankerite-Sericite Altered Breccia, Sulphide & Silicification (see website for detail photos) Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4976/97711_2c46b6fba4f7eb00_004.jpg

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4976/97711_2c46b6fba4f7eb00_004full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97711

News Provided by Newsfile via QuoteMedia

i-80 Gold Corp.

i-80 Gold Corp.

i-80 Gold Corp is a well-financed gold producer and developer holding an impressive portfolio of advanced-stage gold projects in the State of Nevada. The company's primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.

gold bars

Top 5 Gold Stocks on the TSX (Updated November 2022)

Click here to read the previous best gold stocks article.

The gold price is finally gaining some ground after falling below US$1,650 per ounce in September for the first time since 2020. The yellow metal neared US$1,800 in mid-November and is now sitting above US$1,750.

Even so, gold is still under pressure, and some experts think now is the time to buy. The Investing News Network spoke with Mark Yaxley, managing director of bullion dealer SWP, twice in November, and he shared his advice on buying bullion both times.

"My advice … to my clients, who are mostly Canadians and Americans, is maybe you should be mirroring eastern investors and taking advantage of these dips at this price level," he said in his first interview, explaining that westerners often wait for positive price performance to buy gold. In the second discussion, he shared his three guidelines when buying bullion.

Keep reading...Show less

Tempus Announces Non-Brokered Private Placement Of Up To C$1.0 M

Tempus Resources Ltd. (ASX: TMR) (TSXV: TMRR) (OTCQB: TMRFF) ("Tempus" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for gross proceeds of up to C$1,000,000 (approximately A$1,111,000) from the sale of up to 16,666,667 flow-through units of the Company (each, a "FT Unit") at a price of C$0.06 (approximately A$0.067) per FT Unit. Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.09 (approximately A$0.10) for a period of 24 months following the issue date of the FT Unit. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.

News Provided by Newsfile via QuoteMedia

[subscribe_company_profile use_post="101618410"]

Keep reading...Show less
Peruvian Metals

Peruvian Metals to Extend Warrants

Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) (the "Company") announces that the Company intends to amend the terms of 2,334,000 outstanding warrants of the Company (the "Warrants") that are set to expire December 15, 2022.

The Company has made an application to the TSX Venture Exchange (the "TSXV") to extend the expiry date for all of the Warrants to March 31, 2023. All other terms of the Warrants will remain the same.

Keep reading...Show less
swan silhouette swimming by a US$100 bill

Black or Gray Swan: What’s the Next Crisis?

It seems there's been one global crisis after another since COVID-19 shut the world down in 2020.

With markets fluctuating wildly and economies in turmoil, investors have been left dizzied at best, and at worst have suffered disastrous portfolio losses. Across the board, market participants have questions about how to move forward.

At this year’s New Orleans Investment Conference, held in October, many presenters and guests provided insight on how to prepare for potentially unforeseeable scenarios. These unexpected negative events are called "black swans" — unpredictable events that go beyond what is normally expected with potentially severe consequences.

Keep reading...Show less
Nevada Sunrise CEO Warren Stanyer

Nevada Sunrise CEO Says Rising Demand Fueling Renewed Focus on Domestic Lithium

Nevada Sunrise CEO says rising demand fueling renewed focus on domestic lithiumyoutu.be

Keep reading...Show less

Latest Press Releases

Related News

×