diamond drilling north west

InvestmentPitch Media Video Discusses Endurance Gold's Report on Drill Assay's of up to16.39 g/t Gold Over 4.6 Metres at Diplomat Zone, Southern British Columbia - Video Available on Investmentpitch.com

Endurance Gold Corporation (TSXV: EDG) (OTCBB: ENDGF) has released initial assay results from its reverse circulation drill program at 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, along with some comments from Robert Boyd, President and CEO of Endurance. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Endurance" in the search box.


The planned 35-hole RC drill program is now complete. Gold assay results from the first 5 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 Diplomat Zone, located 170 metres northwest of the Imperial Zone and 625 metres northwest of the Eagle Zone, is situated in the footwall of the Royal Shear. Its potential was initially identified in the Company's 2020 geological mapping and soil sampling program.

The Treasure Prospect is located 465 metres northwest of the Imperial Zone and 875 metres northwest of the Eagle Zone where a portion of the Treasure Shear is exposed in a road-cut. The Treasure Shear, a northeast southwest trending geographic linear feature located parallel to and about 300 metres east of the Royal Shear, is interpreted as the footwall bounding structure for the Royal Shear complex, a deep-seated regional structure.

Nine holes have been completed at Diplomat with results received on 5 RC Holes. Highlight gold assay results from hole RC21-024 include 16.39 grams per tonne gold over 4.57 metres commencing at 71.63 metres down-hole associated with a quartz, pyrite and arsenopyrite vein stockwork zone. Other intersections at Diplomat include 2.64 grams per tonne gold over 9.14 metres starting at just 1.52 metres below surface, 2.56 grams per tonne gold over 7.62 metres, starting at 6.10 metres, 2.62 grams per tonne gold over 6.10 metres starting at 51.82 metres, and 6.34 grams per tonne gold over 1.52 metres from 38.10 metres in RC21-024, which also hosts the high-grade gold intersection. True widths are estimated to be approximately 80% of the reported drill intersections.

Three RC holes tested the Treasure Prospect with gold results reported on the first hole, RC21-021, which intersected 1.6 grams per tonne gold over 6.1 metres starting at 35.05 metres 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 2 kilometres.

Portable X-Ray Fluorescence of the RC reference samples identified significantly enriched arsenic in 22 of the 35 RC drill holes completed. Although arsenic-enriched zones have been previously identified on the Treasure Prospect, the Diplomat Zone, and in step out drilling at the Eagle Zone, this is the first identification of elevated arsenic at the Crown Zone, located between the Eagle and Imperial Zones and an additional RC hole completed recently at the Imperial Zone. For more details on the widest and strongest arsenic mineralized intervals identified please refer to day's news release.

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 holes have been submitted for gold assay and multi-element ICP analysis, with the results reported when received.

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 604-682-2707 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/85634

News Provided by Newsfile via QuoteMedia

The Conversation (0)
us federal reserve flag

Top Stories This Week: Gold Stays Steady as Fed Signals Higher for Longer

The US Federal Reserve was in focus this week as it met from Tuesday (September 19) to Wednesday (September 20). The central bank was widely expected to leave interest rates unchanged, and that's exactly what it did.

In its statement, the Fed reaffirms its goals of achieving maximum employment and bringing inflation down to 2 percent. It also emphasizes that it will continue to assess various factors as it determines its next steps.

"The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent" — US Federal Reserve
Keep reading...Show less
"fed" written in gold font, american flag, gold coins

The Fed Left Rates Unchanged — What Happened to the Gold Price?

The US Federal Reserve left interest rates unchanged at 5.25 to 5.5 percent at its latest meeting.

The central bank was widely expected to stay the course at this month's gathering, but market watchers believe there's still one more 25 basis point hike left in this cycle — an update to the dot plot, which shows where each Fed official thinks the federal funds rate is headed, shows that the median projection is 5.6 percent by the end of 2023.

Looking forward to 2024, two cuts of a quarter point each are anticipated. That's less than the four decreases insiders were forecasting three months ago, which Andrew Patterson, senior economist at Vanguard, believes is a "telling" change.

Keep reading...Show less
Labyrinth To Ramp Up Gold, Lithium And Nickel Exploration At Comet Vale, WA

Labyrinth To Ramp Up Gold, Lithium And Nickel Exploration At Comet Vale, WA

Labyrinth Resources Limited (ASX: LRL) (‘Labyrinth’ or ‘the Company’) is pleased to advise that it is stepping up a “back-to-basics” exploration program at its Comet Vale gold project in WA (‘the Project’).

Keep reading...Show less
will rhind, gold bars

Will Rhind: Gold in Good Position Ahead of Fed; Still Positive on Platinum

The US Federal Reserve's latest meeting will wrap up on Wednesday (September 20), and gold investors are watching closely to see whether the central bank hikes interest rates again or leaves them unchanged at 5.25 to 5.5 percent.

Speaking to the Investing News Network, Will Rhind, CEO of GraniteShares, said he thinks an increase is unlikely.

"I only see the probability of a rate hike happening if clearly there's some data to suggest that inflation's on the up again, or something that provides some catalyst for them to raise interest rates," he said during an interview. "I do think that by and large we're at the top of the cycle, and we are kind of on the way down, albeit not immediately."

Keep reading...Show less
gold ore

Gold Grain Morphology: A Valuable Method of Gold Exploration (Updated 2023)

The high value of gold means that a deposit of very small concentration can be economically mined — a fact that is great news for gold miners, but complicated for gold explorers.

Gold is often found in ores composed of rock with very small particles. When it comes to extraction, ore with grades of gold as little as 0.5 parts per million (ppm) can be economically mined. Because ore grades of 30 ppm are usually needed before gold is visible to the naked eye, gold in most mines is invisible.

Not only can viewing individual grains of gold provide a challenge, but the nature of prospecting means that finding these grains of gold through conventional sampling can prove nearly impossible.

Keep reading...Show less

Kestrel Gold - Samples up to 2.051 g/t Au at King Solomon's Dome, Follow-up Drilling Planned

Kestrel Gold Inc. ("Kestrel" or the "Corporation", TSX-V:KGC) is pleased to announce preliminary results from the 2023 prospecting program on it's 100% owned King Solomon Dome property ("KSD"). The property is located in the Yukon portion of the Tintina Gold Belt, 35 minutes by road south of Dawson City, within the famous Klondike placer gold district. Creeks draining KSD have produced significant amounts of placer gold and Kestrel is evaluating the property's potential to host economic bedrock sources for this gold

The target at KSD is an orogenic-style north-south trending quartz vein system located over an approximate 1.0 kilometre east-west by 2.2 kilometre north-south area. The 2023 program focused on the Dominion Creek drainage basin which drains the southern portion of the property. Prospecting of new road cuts and active placer pits in this area identified numerous areas of sheared, quartz veined, pyritic and carbonate altered bedrock or rubblecrop, sampling of which returned values ranging from

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×