New channel sample results have returned continuous intervals of high-grade gold and antimony mineralization along three outcrop exposures.
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I’m Megan Edwards for Investmentpitch Media
Endurance Gold Corporation has reported additional assay results from the channel sampling program completed at the Eagle Zone on the Reliance Gold Property in southern British Columbia.
The Reliance Gold Property is located 4 kilometres east of the village of Gold Bridge with year-round road access, and 10 kilometres 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 with weighted average gold as grams per tonne and percent antimony.
Highlights include 5.89 grams per tonne gold and 0.64% antimony over 31.5 metres, including 9.69 grams per tonne gold and 0.45% antimony over 9.1 metres.
Interpretation of these Eagle Zone results have identified a 110 metre by up to a 40 metre 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 on September 9, 2020.
The reported 31.5 metre Eagle 1 channel sample is approximately 135 metres north of the Eagle South Zone which returned 6.92 gpt gold over 13.4 metres with a higher grade portion of 8.9 gpt gold over 9.6 metres.
Further work is required to determine how these zones relate to each other.
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.
The company has a number of other highly prospective North American mineral properties which management considers have the potential to develop world-class deposits.
The shares are trading at $0.15.
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.
I’m Megan Edwards for Investmentpitch Media
