Precious Metals

Endurance Gold Corporation (TSXV: EDG) (OTC: ENDGF) has reported assay results from 5 reverse circulation drill holes at the Imperial Zone of 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.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Endurance" in the search box.


These five drill holes were planned to intersect near-surface gold mineralization of the Imperial Zone that was untested by historic drilling. The 2020 drill program also tested under the Imperial North Zone identified in 2020 channel sampling.

At the Imperial Zone, drill hole RC20-006 intersected 13.7 metres grading 3.26 grams per tonne gold including a higher grade interval of 4.6 metres grading 7.23 grams per tonne gold. The hole successfully intersected mineralization within 30 metres of surface and represents a 40 metre up-dip expansion of the Imperial Zone. Near-surface gold mineralization up-dip of the Imperial Zone was also intersected with drill holes RC20-003 and RC20-005, with RC20-003 intersecting 4.6 metres grading 1.36 grams per tonne gold while RC20-005 returned 4.6 metres of 0.84 grams per tonne gold. The lower-grade mineralization is interpreted to represent the outer halo of the Imperial Zone which has been displaced by approximately 20 metres due to a previously unknown fault.

The Imperial Zone was discovered by drilling in 1986 with DDH_1986-01 which returned 18.3 metres grading 7.01 grams per tonne gold. Other highlight historic drill intervals at the Imperial Zone include 38.1 metres grading 9.61 grams per tonne gold from DDH-87-02, and 33.5 metres grading 6.69 grams per tonne gold from DDH-2004-01. These historic drill holes were completed prior to the implementation of NI 43-101 and CIM Best Practices for Exploration and thus professional verification by the Company is not possible and historic results should be evaluated with caution.

The Imperial Zone was partially validated in 2008 with 8 diamond drill holes that were completed and documented in professional manner by the prior owner. Holes DDH-I08-0004 and DDH-I08-0005 intersected the higher-grade Imperial Zone and returned 12.0 metres grading 5.70 grams per tonne gold and 17.7 metres grading 4.76 grams per tonne gold, respectively.

Geologic modelling indicates that the Imperial Zone has a down-dip extent of 290 metres and open to expansion with a southwest plunge of -55 degrees. Historic drilling between 1986 and 2008 defined a higher-grade core of the mineralized zone with an approximately true width of 10 to 15 metres. The strike extent of the Imperial Zone has been poorly constrained by drilling with very few intersections or testing along strike.

Two holes were completed at Imperial North to test for gold mineralization below the outcrop channel samples that returned 6.7 metres grading 3.14 grams per tonne gold as reported in November 2020. Drill holes RC20-001 and RC20-002 intersected near-surface mineralization including 6.1 metres of 2.85 grams per tonne gold and 3.0 metres of 1.9 grams per tonne gold.

These results are insufficient to define the structural attitude of the Imperial North Zone nor the structural relationship with the higher grade Imperial Zone. Further work will be completed in the 2021 field season incorporating new ideas on geologic controls.

Robert Boyd, President and CEO, stated: "These encouraging drill hole results at the Imperial Zone are located 380 metres away from our previously reported high-grade Eagle Zone results. Both zones are hosted within the two kilometer long, largely un-tested Royal Shear trend and demonstrate that the Reliance Property is host to a robust "Epizonal" Orogenic gold mineralizing system. In addition, the excellent estimated true widths of higher-grade gold at both Imperial and Eagle Zones provide encouragement that tonnes per vertical metre could accumulate quickly when ultimately defined."

The company has a number of other highly prospective North American mineral properties which management considers have the potential to develop world-class deposits.

For more information, please visit the company's website, www.EnduranceGold.com, contact Robert T. Boyd, President and CEO, at 877-624-2237 or by email at info@EnduranceGold.com.

About InvestmentPitch Media

Investmentpitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/78410

News Provided by Newsfile via QuoteMedia

Sarama Resources Ltd

Sarama Resources Hits More Gold Outside Mineral Resource

Significant New Oxide-Hosted Mineralisation Intersected in Footwall of MC Prospect

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to announce that exploration drilling at its 100%-owned(4) Sanutura Project (the “Project”) has intersected new mineralisation in the footwall region of the MC Prospect. The mineralisation is located near-surface in oxide material outside the current Mineral Resource and has potential to enhance open pit stripping ratios in any eventual mine development. Sarama intends to pursue further growth in these areas in upcoming drill programs.

Keep reading...Show less
An Overview of Gold Investing and Prices (Updated 2022)

An Overview of Gold Investing and Prices (Updated 2022)

Gold is the best-known and most popular precious metal, and it’s not hard to see why.

Beyond being a key material for jewelry, investors around the world buy gold as a store of wealth, and many believe it’s superior to paper currency. Storing wealth with a sense of stability is a popular reason for investing in gold.

Over the last decade, the gold price has seen both peaks and troughs. It rose as high as around US$1,790 per ounce in late 2012, but took a steep dive midway through 2013, slipping to about US$1,220. The gold price remained between US$1,100 and US$1,300 from 2014 to early 2019. In H2 2019, a softer US dollar, geopolitical issues and a slowdown in economic growth pushed gold above US$1,500 that year.

Keep reading...Show less

Kinross to announce Q3 results on November 9, 2022

Kinross Gold Corporation (TSX:K; NYSE:KGC) will release its financial statements and operating results for the third quarter of 2022 on Wednesday, November 9, 2022, after market close. On Thursday, November 10, 2022 at 8:00 a.m. ET Kinross will hold a conference call and audio webcast to discuss the results, followed by a question-and-answer session. The call-in numbers are as follows:

Canada & US toll-free – +1 (888) 330-2446; Passcode: 4915537
Outside of Canada & US – +1 (240) 789-2732; Passcode: 4915537

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Sarama Resources Hits More Gold Outside Mineral Resource

Significant New Oxide-Hosted Mineralisation Intersected in Footwall of MC Prospect

Sarama Resources Ltd. ("Sarama" or the "Company") (ASX:SRR), (TSXV:SWA) is pleased to announce that exploration drilling at its 100%-owned(4) Sanutura Project (the "Project") has intersected new mineralisation in the footwall region of the MC Prospect. The mineralisation is located near-surface in oxide material outside the current Mineral Resource and has potential to enhance open pit stripping ratios in any eventual mine development. Sarama intends to pursue further growth in these areas in upcoming drill programs

News Provided by ACCESSWIRE via QuoteMedia

[subscribe_company_profile use_post="101692214"]

Keep reading...Show less
Challenger Exploration

Several 500 Metre Intersections Continue To Extend CEL's Gold Discoveries In Colorado V And Indicate Significant Scale

Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce results from Phase 1 drilling targeting the CV-A and CV-B Au-Ag-Cu soil anomalies in the Colorado V concession ("Colorado V", the "Project") in El Oro Province, Ecuador. The results build on the first five CV-A and CV-B drill holes, all of which intersected over 450 metres of mineralisation, and confirm two Au-Cu-Ag-Mo discoveries of significance in Colorado V. Three of five drill holes reported in this release intersected over 500 metres of, and ended in, mineralisation.

Keep reading...Show less
federal reserve press conference

Why Does the US Federal Reserve Hike Interest Rates? (Updated 2022)

The US Federal Reserve, inflation and interest rates have consistently made headlines in recent months.

Recovery from the COVID-19 pandemic has unleashed demand across industries, while global supply chains have been hampered by factors like Russia's war in Ukraine and continued lockdowns in China due to the country's zero-COVID policy.

This global supply and demand imbalance has led to rising prices for a wide range of consumer products, from gas to groceries. The result has been a loss in purchasing power for US consumers as their dollar needs to stretch further.

Keep reading...Show less

Latest Press Releases

Related News

×