Precious Metals

crushed diamond

Endurance Reports Commencement of Diamond Drilling at the Reliance Property

Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to report that the diamond drilling is expected to commence today 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 fully funded diamond drilling program of 4,000 metres ("m") will commence at the Eagle Zone and follow up on other targets including: the interpreted southeastern extension of Eagle Zone through to the Upper Eagle target, expansion at the Imperial Zone, delineating the Diplomat Zone discovered in May 2020, and reconnaissance drilling on newly defined targets. This is the first phase of diamond drilling initiated by the Company on the Property. The objective of the 2021 diamond drilling will be to provide core intersections of the Eagle Zone Discovery, the Diplomat Zone Discovery, expand the footprint of the Eagle, Diplomat and Imperial Zones, as well as define the structural and any intrusive controls for gold mineralization. Diamond drilling will be completed using a skid-mounted Hydracore HC2000 drilling rig equipped with NQ diameter coring tools. This program is expected to continue through November 2021.

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. Highlight RC drill intersections include near surface intersections of 14.08 grams per tonne ("gpt") gold over 15.24 m,10.5 gpt gold over 6.1 m, 9.7 gpt gold over 12.2 m,4.88 gpt gold over 24.39 m, 5.57 gpt gold over 22.86 m, and 4.04 gpt gold over 18.3 m at the Eagle Zone, 16.39 gpt gold over 4.6 m at the Diplomat Zone, and 7.23 gpt gold over 4.6 m at the Imperial Zone. Complete results from these programs are summarized on the Company's website.

The last program of diamond drilling completed on the Property was in 2008 at the Imperial Zone and this program 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 in four (4) drill holes of an eight (8) hole 2008 drilling campaign.

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

Endurance Gold Corporation
(604) 682-2707,

RC samples were collected under the supervision of a geologist at the drilling rig. Drilling was completed using a 3.5 inch hammer bit and rock chip samples were collected using a cyclone. Sample size were reduced to 1/8th size with a riffle splitter at the drilling rig. A second duplicate split and coarse chips were collected for reference material and stored. All RC samples have been submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they are crushed to 70%

The 2020 and 2021 work program was 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.

To view the source version of this press release, please visit

News Provided by Newsfile via QuoteMedia

eb tucker, gold and silver bars

VIDEO — EB Tucker: Gold, Silver Price Levels to Watch, 2023 Investing Strategies

With the new year ahead, "Why Gold? Why Now?" author EB Tucker shared his thoughts on gold and silver, saying that US$2,000 per ounce and US$30 per ounce are important levels for investors to watch.

"US$2,000's got to be a 2023 story," he told the Investing News Network when asked if gold could reach that key price this year. "The way it looks right now, you're $60 away. I think it could happen fast."

Pointing to gold's rise of about US$300 since early November, Tucker said that the futures market sets the spot price, and activity in that arena has stopped weighing on the yellow metal over the last several months.

Keep reading...Show less

Yamana and Pan American Shareholders Approve Proposed Transaction

Yamana Gold Inc. (TSX:YRI; NYSE:AUY; LSE:AUY) ("Yamana" or the "Company") is pleased to announce that at a special meeting of shareholders held earlier today ("the Meeting"), Yamana shareholders voted overwhelmingly in favour of the special resolution (the "Arrangement Resolution") approving the previously announced acquisition by Pan American Silver Corp. ("Pan American") of all of the issued and outstanding common shares of the Company following the sale by Yamana of its Canadian assets, including certain subsidiaries and partnerships which hold Yamana's interests in the Canadian Malartic mine, to Agnico Eagle Mines Limited ("Agnico Eagle"), all by way of a plan of arrangement under the Canada Business Corporations Act (the "Proposed Transaction").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Barrick makes initial payment of $3 million to Balochistan

All amounts expressed in US Dollars

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has paid the first US$3 million (approximately 750 million Pakistani rupees) to the Balochistan provincial government as part of the new Reko Diq partnership. After the signing of definitive agreements and completion of legal process last month, Barrick and the Government of Balochistan recently agreed upon the timetable for the disbursement of committed funds to the province.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Challenger Exploration

Challenger Exploration Quarterly Cash Flow Report

Challenger Exploration (ASX: CEL) (“CEL” the “Company”) has released its Quarterly Cash Flow Report.

Keep reading...Show less
Challenger Exploration

Quarterly Report For The Period Ended 31 December 2022

Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to provide its Quarterly Activities Report for the period ended 31 December 2022 (“Quarterly”, “Reporting Period”).

Keep reading...Show less
Impact Minerals

Impact Minerals Quarterly Cash Flow Report

Impact Minerals (ASX:IPT) has released its Quarterly Cash Flow Report.

Keep reading...Show less

Latest Press Releases

Related News