Endurance Gold (TSXV:EDG) Expands Imperial Zone at Reliance Gold Project with Deep Drilling Success

Endurance Gold (TSXV:EDG) has provided an update on its ongoing exploration activities at the Reliance Gold Project, located near Gold Bridge, British Columbia. The company has completed five diamond drill holes, with a sixth currently in progress, in the Imperial Zone. These efforts have expanded the known extent of the Imperial Zone at depth and to the northwest by approximately 100 meters.

The Reliance Gold Project, positioned 4 kilometers east of Gold Bridge and 10 kilometers north of the historic Bralorne-Pioneer Gold Mining Camp, is part of a broader exploration program for 2024. This program aims to drill up to 10,000 meters, focusing on expanding the gold zones discovered within the Royal Shear, both at depth and along its strike.

Since early July, Endurance Gold has drilled 1,854 meters across five holes in the northwestern extension of the Royal Shear. Each of these holes has intersected the targeted horizon, expanding the Imperial Zone with significant step-outs to the northwest. Previous drilling in this area had yielded promising results, including 8.98 grams per tonne (gpt) gold over 9.3 meters and 17.28 gpt gold over 4.2 meters from holes DDH23-065 and DDH23-066, respectively.

The sixth drill hole, currently active, has reached a depth of 180 meters and is targeting deeper extensions of the Imperial Zone, particularly beneath the previously drilled DDH24-084. The company expects assay results for the completed drill holes to begin arriving in late August or early September.

In addition to the drilling at Imperial, Endurance Gold has prepared additional drill roads to facilitate deep drilling in both the Imperial and Eagle areas. Following the completion of the current drill hole at Imperial, the company plans to test the Royal Shear target zone between the Imperial and Eagle zones.

Further work on the project includes refining 3D modeling and developing an inaugural mineral resource estimate. Endurance Gold has engaged Marc Jutras of Ginto Consulting Inc. for this purpose. Additionally, results from a LiDAR survey covering the entire property, including the Olympic Target area, have been received and will assist in advancing Olympic area exploration towards drill targets. The company has also completed further geochemical surface sampling and prospecting, which has led to the identification of additional targets in the Upper Eagle area.

The drill core from these operations was logged and evaluated on-site under the supervision of a geologist. Samples were collected, with one half of the core sent for analysis while the other half was retained for future studies. All samples have been submitted to ALS Global in North Vancouver, BC, for comprehensive analysis, including four-acid digestion and ICP-MS analysis for 48 elements, as well as gold analysis using FA ICP-AES finish. The company monitors quality control through the insertion of blanks, certified standards, and pulp duplicates into the sample stream.

The ongoing exploration at the Reliance Gold Project is part of Endurance Gold’s broader strategy of acquiring, exploring, and developing high-potential mineral properties in North America, with the goal of discovering world-class deposits. The project is being supervised by Darren O’Brien, Vice President of Exploration for Endurance Gold, who has reviewed and approved the latest updates. The company anticipates continued progress in its exploration efforts, with further results expected in the coming months.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.