gold analysis

Endurance Reports Drill Assay of 16.39 GPT Gold over 4.6 Metres at the Diplomat Zone

 

35 RC drill holes completed with gold discoveries confirmed at both Diplomat and Treasure

 

Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to provide initial assay results from the reverse circulation ("RC") drill program at its Reliance Gold Property (the "Property") in southern British Columbia. Gold assay results from the first five (5) of the total thirty-five (35) RC holes have identified a new high-grade gold discovery at the Diplomat Zone and have also demonstrated that the Treasure Shear is a gold mineralized structure. Both discoveries significantly open up new exploration potential on the Property. 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.

 

Gold Results - The following table summarizes the best gold results from the initial five (5) holes with assay results:

 
                                                    
Hole IDAzimuthDipFrom
(m)
To
(m)
Width
(m)
Au
(g/tonne)
 
RC21-024044-4538.1039.621.526.34Diplomat
and  71.6376.204.5716.39
RC21-025080-601.5210.679.142.64
RC21-027080-456.1013.727.622.56
RC21-028080-4551.8257.916.102.62
RC21-021083-4535.0541.156.101.6Treasure
 

 

 

"These encouraging results from the first-ever documented drill testing of the Diplomat Zone and the Treasure Shear dramatically expand the exploration potential for the Reliance Property. The high-grade intersection at Diplomat is a new discovery and further demonstrates that Reliance hosts a largely unexplored "Epizonal" Orogenic gold mineralizing system over the two-kilometer long Royal Shear-Treasure Shear trend" stated Robert Boyd, CEO of Endurance Gold "In addition, we are encouraged that our initial pXRF scanning of all the other 2021 RC drill holes suggest potential for further encouraging gold intersections, once assayed."

 

The Diplomat Zone is situated in the footwall of the Royal Shear and the potential was initially identified in the Company's 2020 geological mapping and soil sampling program. Diplomat is located 170 m northwest of the Imperial Zone and 625 metres ("m") northwest of the Eagle Zone. Nine holes have been completed at Diplomat with results received on five (5) RC Holes. Highlight gold assay results from hole RC21-024 include 16.39 grams per tonne gold ("gpt Au") over 4.57 m commencing at 71.63 m down-hole associated with a quartz, pyrite and arsenopyrite vein stockwork zone. Other intersections at Diplomat include 2.64 gpt Au over 9.14 m (from 1.52 m), 2.56 gpt Au over 7.62 m (from 6.10 m), 2.62 gpt Au over 6.10 m (from 51.82 m) and 6.34 gpt Au over 1.52 m (from 38.10 m in RC21-024 that also hosts the high-grade gold intersection). True widths are estimated to be approximately 80% of the reported drill intersections.

 

The Treasure Shear is a northeast southwest trending geographic linear feature located parallel to and about 300 meters east of the Royal Shear and is interpreted as the footwall bounding structure for the Royal Shear complex, a deep-seated regional structure. The Treasure Prospect is located 465 m northwest of the Imperial Zone and 875 m northwest of the Eagle Zone where a portion of the Treasure Shear is exposed in a road-cut. Three RC holes tested this structure with gold results reported herein on the first of these three drill holes. RC21-021 intersected 1.6 gpt Au over 6.1 m commencing at 35.05 m downhole. This intersection confirms that the Treasure Shear has potential to host wide zones elevated in gold similar to the Royal Shear and provides largely untested strike potential of an estimated two km. Location of the 35 RC Holes completed in 2021 are appended below or available here.

 

Portable X-Ray Fluorescence ("pXRF") Arsenic Results - pXRF of the RC reference samples has identified significantly enriched arsenic ("As") in 22 of the 35 RC drill holes completed. Gold and ICP analysis has only been completed on five (5) of these twenty-two (22) holes as summarized above. The widest and strongest arsenic mineralized intervals identified with the pXRF to date are summarized in the table below:

 
                                                                                                                                                                                                                        
 Reliance Property, Gold Bridge BC - Highlighted pXRF intervals 
(Anomalous Intervals Exceeding 1.5 meters width and > 1,000 ppm pXRF As) 
TargetHole IDFrom (m)To (m)Width (m)pXRF As
(ppm)
pXRF Sb
(ppm)
 
Treasure ProspectRC21-02132.041.19.1182864**
RC21-03080.883.83.0274571 
RC21-03115.218.33.0253578 
DiplomatRC21-0224.69.14.61281189 
RC21-0234.67.63.0125560 
RC21-02436.639.63.032151385**
and71.676.24.61047262**
RC21-0251.510.79.11485218**
RC21-0273.013.710.71097184**
RC21-02850.357.97.6248380**
RC21-02921.325.94.63149106 
RC21-0490.04.64.61038278 
and7.612.24.61954829 
RC21-0510.04.64.62299697 
and51.856.44.6126783 
ImperialRC21-04841.251.810.719071715 
CrownRC21-0460.04.64.6258148 
EagleRC21-03212.215.23.02398363 
RC21-03416.829.012.21617729 
and56.459.43.021292498 
RC21-0350.06.16.127432010 
RC21-0374.613.79.116192183 
and19.847.227.422941875 
RC21-03845.761.015.249561605 
RC21-0390.027.427.412521508 
RC21-04012.235.122.92225726 
RC21-0414.69.14.61653265 
and54.959.44.62469536 
  **  Gold Results Complete & Reported Above 
 

 

 

As reported in May 10, 2021, pXRF As-enriched zones have been identified on the Treasure Prospect, the Diplomat Zone, and in step out drilling at the Eagle Zone. Not previously reported is the identification of a pXRF elevated arsenic at the Crown Zone, located between the Eagle and Imperial Zones and an additional RC hole completed recently at the Imperial Zone. Location of the gold and pXRF arsenic intersections for the Diplomat Zone and Treasure Prospect are appended below or available here. Location of the pXRF arsenic intersections for the 2021 RC Holes at the Eagle Zone are appended below or available here.

 

As reported on January 6, 2021, the pXRF technique does not report quantifiable gold but previous work by the Company has shown that arsenic has a strong positive correlation with gold mineralization on the Reliance Property. The drill assay results reported on March 16, 2021 from the Company's 2020 RC program, and the gold assay results reported in this release, confirmed the pXRF arsenic intervals ultimately identified gold mineralized intervals at the Eagle, Imperial, Diplomat and Treasure Zones.

 

Property Activity - The planned RC drill program is now complete with a total of 35 holes completed. Some of the proposed RC holes have been deferred to a diamond drilling campaign later in the season due to water inflow problems which may impact RC sample quality and the presence of intrusive dykes which will need to be better constrained with diamond drilling. A total of 758 RC samples from 29 remaining RC holes drilled have been submitted to the laboratory for gold assay and multi-element ICP analysis. Complete gold assay results will be reported when received. The 3DIP geophysical crew completed their survey and demobilized from the Property. Results from the RC drilling and 3DIP geophysics will be used to assist in defining and prioritizing diamond drill targets for later in the season. A program of soil and biogeochemistry will commence shortly.

 

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

 

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%

 

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.

 

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4976/85479_2b0a8f6a14c7e8c1_004.jpg

Reliance Property: 2021 Reverse Circulation Drilling

 

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4976/85479_2b0a8f6a14c7e8c1_004full.jpg

 

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4976/85479_2b0a8f6a14c7e8c1_005.jpg

Reliance Property: Treasure and Diplomat Zones, 2021 RC Drilling Gold Assays and pXRF

 

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4976/85479_2b0a8f6a14c7e8c1_005full.jpg

 

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4976/85479_2b0a8f6a14c7e8c1_006.jpg

Reliance Property: Eagle & Eagle South Zones, 2021 RC Drilling Arsenic by pXRF

 

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4976/85479_2b0a8f6a14c7e8c1_006full.jpg

 

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85479

 

 

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Gold bars with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Avanti Gold Gains 158 Percent on Misisi Settlement

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its June Labour Force Survey on Friday (July 11). The data indicated that 83,000 new jobs were added to the workforce, led by 34,000 new employees in the wholesale and retail trade category and a 17,000 worker rise in the healthcare and social assistance category.

In other positive news for the Canadian job market, the overall employment rate rose by 0.1 percent to 60.9 percent, while the unemployment rate declined by 0.1 percent to 6.9 percent.

Keep reading...Show less
Gold bar on nuggets with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Yandal Shares Double on Arrakis Drilling Results

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top-performing stocks list is dominated by oil and gas companies, alongside gold and lithium companies.

In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

The case was brought by two worker's unions and based on the Same Job, Same Pay reforms made by the government last year. To align wages, the FWC ruled BHP must raise the labour hire employees' wages by AU$30,000 each.

Keep reading...Show less
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×