Endurance Reports 5.89 gpt Gold over 31.5 m from Channel Samples at Reliance Gold Property
October 26 2020 - 8:34AM
InvestorsHub NewsWire
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ENDURANCE
GOLD CORPORATION
#520
–
800 West
Pender Street
Vancouver,
B.C. V6C 2V6
Tel:
(604) 682-2707
Fax: (604) 681-0902
Endurance
Reports 5.89
gpt Gold over 31.5
m from Channel Samples at
Reliance Gold
Property
Including
High-Grade Interval of 9.69 gpt Gold over 9.1 metres
October 26, 2020
-- InvestorsHub NewsWire -- Endurance Gold Corporation
(EDG – TSX.V)
(the
"Company")
is pleased
to report
additional assay results from the channel sampling program
completed at the Eagle Zone on 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.
New channel
sample results have returned continuous
intervals of high-grade gold and antimony mineralization
along three
outcrop exposures. Channel sampling
results from the
Eagle Zone are reported in metres ("m")
in
the table below
with weighted average gold as grams per tonne ("gpt") and percent antimony
("Sb %"):
Eagle Zone Channel Sample results
Eagle
Zone
Outcrop
Name
|
Horizontal
Channel
Sample
width (m)
|
Gold
(gpt)
|
Sb
%
|
Eagle
0
|
17.7
|
3.63
|
0.26
|
includes
|
3.7
|
7.19
|
0.13
|
&
includes
|
4.9
|
6.35
|
0.72
|
Eagle
1
|
31.5
|
5.89
|
0.64
|
includes
|
9.1
|
9.69
|
0.45
|
Eagle
1
|
3.7
|
4.63
|
0.37
|
Eagle
2
|
1.8
|
5.28
|
0.17
|
Eagle
2
|
1.8
|
4.94
|
0.05
|
Eagle
3
|
Results
pending
|
Eagle
South**
|
13.4
|
6.92
|
0.05
|
includes
|
9.6
|
8.97
|
0.07
|
**Reported
on
October 15, 2020
|
|
|
|
|
Interpretation of
these Eagle
Zone results have identified
a 110
m by up to 40
m wide east-west
trending area
with gold-rich oxidized
hematitic
shearing and
quartz-stibnite veining which is significantly elevated in
gold. The Eagle
Zone was
identified in outcrop along historic road cuts
that
exhibit iron-carbonate
altered
and
sheared mafic volcanics in four locations within the
footwall of the
Royal Shear. Encouraging grab samples up to
19.2 gpt gold were reported by the
Company
in
its
Press
Release
dated September 9, 2020.
A
map showing the
location of the Eagle channel samples with gold grades and the
interpreted mineralized trends is appended below or
available
on
the Company website. A tabulated summary of the individual
channel sample values for the Eagle
0
and Eagle
1
exposures
are appended to this
release. Aside from
these sampled roads cuts, the Eagle Zone has no bedrock
exposure due to talus cover overlain by
a blanket
of late volcanic
tephra-ash.
The
reported 31.5
m Eagle 1 channel sample
is
approximately
135
m
north of
the Eagle South
Zone which returned
6.92
gpt gold
over 13.4
m with a higher grade
portion
of
8.9
gpt
gold over 9.6
m (see
Press Release
dated October 15, 2020). Further work is
required to determine how these zones relate to each
other.
At the
Eagle
Zone the
majority of the gold mineralization is
associated with strong iron-carbonate
alteration
including
silicification
within
brittle-ductile shearing in the footwall of the
Royal
Shear. The
Royal Shear is a multi-strand reverse fault striking
northwest
(325
degrees) and steeply dipping to the
southwest. Ankerite-quartz breccia zones
are well developed within the various strands of the
Royal Shear and may contain pyrite, arsenopyrite
and stibnite, which are oxidized near
surface.
Secondary syn-mineral faults or fractures
striking
northerly (020 degrees) and steeply
west
dipping
are healed with
quartz-stibnite veins and exhibit horizontal strike slip
movement with minor
displacement. An example at the Eagle 1
outcrop is a 1.2 m wide quartz-stibnite vein that appears to
form
the southern
boundary of the significant
gold
mineralization. Other less dominant examples have been mapped
at Eagle 0 and Eagle 2. The confluence of these 325
and 020 structures may form approximately east-west
trending dilatant zones controlling
gold deposition within the
different
brittle-ductile strands of the Royal Shear.
On the
Royal
Shear historic road
cuts with alteration
have
had
systematic
channel sampling
completed and all samples have been submitted
for gold and multielement analysis. Results of the channel
sampling from the remaining portion of the Eagle
Zone (at Eagle 3), Imperial, Crown
and
Merit
Zones will be reported as
received through
November.
The company has
now received a drill permit and is currently planning a
reverse
circulation drill program to be initiated
in November (see Press
Release
dated October 22, 2020). The Company is proud
of its efforts to engage and inform the local communities including
the First Nation communities. Prior to mobilization for this
drilling program, engagement and dialogue will continue with the
affected First Nation communities to determine how we
may
be able to
dovetail opportunities for mutually beneficial
participation.
The Company acquired an option to earn a 100%
interest
in the
Property
in September
2019. The Property
was
previously
explored with
trenching and diamond drilling from 1985 through 2008. The last program of drilling
in 2008 targeted the
Imperial
Zone and
returned highlight drill intersection widths including
13.30
gpt
gold over 4.20 m (est
1.8m true
width).
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
Channel
samples were collected by a geologist and assistant using a
hand-held electric
hammer
"demolition"
chisel
which extracts a continuous channel in outcrop horizontally
across a
pre-measured
and
marked outcrop
face. In 2020 all
rock
and
channel samples
were submitted to ALS Global in
North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory,
where they were crushed to 70% <2
mm then up to 250 gram
pulverized
to <75 microns. Samples
were then submitted for four-acid
digestion
and analyzed for 48 element
ICP-MS (ME-MS61) and gold 30g FA ICP-AES finish (AU-ICP21).
Over limit
samples returning greater than 10 ppm
gold were
re-analyzed by Au-GRA21
methodology and over limit antimony returning greater than 10,000
ppm Sb were
re-analyzed by Sb-AA08 methodology. Grab
samples are selective by nature and are unlikely to represent
average grades on the property or within the target
areas. The 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.
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|
|
|
|
|
|
|
|
|
|
|
Eagle 1
(sampled from south to north)
|
|
Eagle 0
(sampled from north to south)
|
Sample
ID
|
Horiz.
Length (m)
|
Gold
(ppm)
|
|
|
|
Sample
ID
|
Horiz.
Length (m)
|
Gold
(ppm)
|
|
|
B838662
|
1.83
|
5.86
|
|
5.89 gpt
Gold over 31.5 m
|
|
B838597
|
1.83
|
9.89
|
7.19gpt
/3.7 m
|
3.63 gpt
Gold over 17.7 m
|
B838664
|
1.98
|
6.35
|
|
|
B838598
|
1.83
|
4.49
|
B838665
|
2.04
|
2.86
|
|
|
B838599
|
1.83
|
2.51
|
|
B838666
|
1.83
|
5.37
|
|
|
B838601
|
1.83
|
0.452
|
|
B838667
|
1.83
|
5.94
|
|
|
B838602
|
1.83
|
0.194
|
|
B838668
|
1.83
|
8.94
|
9.69 gpt Au
over 9.1 m
|
|
B838603
|
1.83
|
0.269
|
|
B838669
|
1.83
|
9.79
|
|
B838604
|
1.83
|
0.407
|
|
B838671
|
1.83
|
9.55
|
|
B838605
|
1.83
|
4.04
|
6.35gpt
/4.9 m
|
B838672
|
1.83
|
8.61
|
|
B838606
|
1.22
|
8.69
|
B838673
|
1.83
|
11.55
|
|
B838607
|
1.83
|
7.09
|
B838674
|
1.83
|
5.85
|
|
|
|
|
|
|
|
B838675
|
1.83
|
2.71
|
|
|
|
|
|
|
|
B838676
|
1.83
|
0.953
|
|
|
|
|
|
|
|
B838677
|
1.83
|
4.61
|
|
|
|
|
|
|
|
B838678
|
1.83
|
5.05
|
|
|
|
|
|
|
|
B838679
|
1.83
|
4.11
|
|
|
|
|
|
|
|
B838681
|
1.83
|
2.31
|
|
|
|
|
|
|
|
B838682
|
1.83
|
0.089
|
|
|
|
|
|
|
|
|
B838683
|
1.83
|
0.12
|
|
|
|
|
|
|
|
|
B838684
|
1.83
|
0.057
|
|
|
|
|
|
|
|
|
B838685
|
1.83
|
6.32
|
4.63 gpt
Gold
over 3.7 m
|
|
|
|
|
|
|
B838686
|
1.83
|
2.93
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note: B838600, B838670, & B838680 deleted since they
are
QAQC duplicates of
the prior samples
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