- Endurance Gold (TSXV:EDG) released an inaugural resource estimate for its Reliance project near Gold Bridge, British Columbia, estimating 1.45 million ounces of gold inferred
- Endurance Gold acquires, explores and develops precious metals projects in North America
- The junior gold stock has added 182.14 per cent year-over-year and 146.88 per cent since 2021
Endurance Gold (TSXV:EDG) released an inaugural resource estimate for its Reliance project near Gold Bridge, British Columbia, estimating 1.45 million ounces inferred at a base case of only US$2,500 per ounce of gold, representing a 46.4 per cent discount to the price at the time of writing.
The project, road accessible in the historic Bridge River mining camp, benefits from existing hydro-electric power, water and manpower, setting the company up to deliver on metallurgy that indicates a pathway to a high-grade marketable gold concentrate.
According to Monday’s news release, leadership intends to conduct infill, step-out and exploration drilling to expand mineralization and test more than half a dozen targets on Reliance’s 5,444-hectare land package – including a highlight intercept of 6.74 g/t gold over 21.8 metres at the Imperial zone – with eyes on delivering a preliminary economic assessment to more clearly convey project value to the market.
Management commentary
“We are proud to report this inaugural mineral resource estimate for the Reliance project with 1.45 million ounces of gold in this historic but underexplored gold mining camp,” Robert T. Boyd, president and chief executive officer of Endurance Gold, said in a statement. “This achievement is a significant milestone for Reliance, which originated as a grassroots discovery only five years ago with the initial exciting surface results at the Eagle zone. Our disciplined exploration strategy, along with the robust characteristics of the Reliance project, has resulted in a 70 per cent drilling success rate and a discovery cost of only C$9 per ounce.”
“Furthermore, I would like to recognize the significant and positive supporting roles that the Tsal’alh and Xwisten First Nations communities and their members have had in the success at Reliance,” Boyd added. “Moving forward, we plan to further demonstrate the potential of the Reliance project through resource expansion, drill testing of new surface anomalies along trend on the Royal shear and several other high priority structures, advancing comprehensive economic assessments for low-cost mining scenarios and enhancing our community engagement and participation.”
About Endurance Gold
Endurance Gold acquires, explores and develops precious metals projects in North America.
Endurance Gold stock (TSXV:EDG) last traded at C$0.40, adding 182.14 per cent year-over-year and 146.88 per cent since 2021.
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