PriceSensitive

Endurance Gold (TSXV:EDG) reports surface sample results

Mining
TSXV:EDG
05 January 2022 13:00 (EDT)

Source: Endurance Gold.

Endurance Gold (EDG) is releasing surface sample results from its Reliance Gold Property in southern British Columbia.

The results double the surface extent of the company’s Eagle Zone at the property, to 400 metres.

The property is located four kilometres east of the village of Gold Bridge, and 10 kilometres north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.

In late 2021, construction of a new drill access road exposed quartz-stibnite-pyrite-arsenopyrite breccias and oxidized shearing within an area of structural deformation associated with the 300 metre-long Eagle South gold-in-soil anomaly.

All five assay samples collected from Eagle South returned high-grade gold ranging from 7.01 grams per tonne to 21.20 grams per tonne.

The surface exposure for the combined Eagle and Eagle South Zones has now been expanded to a 400-metre strike length and up to 150 metres in projected width to surface. The Eagle and Eagle South Zones together with the Upper Eagle gold-in-soil anomaly are still open to expansion to the southeast and to depth.

The Vancouver-based exploration company plans to complete systematic channel sampling in the outcrop areas.

Exploration plans, when finalized, will include maiden drill testing of the E7 prospect, the Upper Eagle gold-in-soil anomaly, and further drilling at the E5 prospect with the objective of expanding and defining the Eagle Zone.

Endurance Gold is up 5.56 per cent, trading at $0.38 at 12:08 p.m. EST.

Related News