Endurance Gold (TSXV:EDG) (OTCPink:ENDGF) (FSE:3EG) reports new geochemical anomaly on the Olympic Claims at its Reliance Gold Project in southern British Columbia where grab samples returned up to 9.66 gpt gold and 11.9% antimony. Although the Olympic Claims were previously explored in the 1980s by various operators with historic results such as a 1988 drill hole that reportedly intersected 8.2 gpt gold over 3.48 m, they have not seen any recent systematic exploration.
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Endurance Gold Corporation (TSXV:EDG) (OTCPink:ENDGF) (FSE:3EG) has reported results from soil and biogeochemical orientation surveys conducted on the Olympic Claims of its Reliance Gold Project in southern British Columbia.
With year-round road access, the Reliance Gold Property is located 4 kilometres east of the village of Gold Bridge and 10 kilometres north of the historic Bralorne-Pioneer Gold Mining Camp, which has produced more than 4 million ounces of gold.
The company acquired an option to earn a 100% in the Olympic Claims from Avino Silver and Gold Corporation in May 2022.
The Olympic Claims are immediately east of the Reliance Claims that have been the focus of the company's recent drilling programs.
Although the Olympic Claims were previously explored in the 1980s by various operators with historic results such as a 1988 drill hole that reportedly intersected 8.2 gpt gold over 3.48 m, they have not seen any recent systematic exploration.
The orientation survey, consisting of 432 talus fines soil samples and 317 Douglas Fir tree clippings, was designed to test two shear zones approximately 3 km east of the Royal Shear that hosts the high-grade Imperial and Eagle deposits.
The combination of talus fine samples and biogeochemical samples have identified a geochemical anomaly along the Olympic Trend with a strike length of 1.6 km which is open to expansion.
The anomaly is defined by elevated arsenic (+/- antimony), giving a similar geochemical signature to the initial sampling that discovered the Eagle Zone in 2020.
Prospecting and sampling have also identified high-grade gold-stibnite veins at the Enigma Showing approximately 900 metres east of the Olympic Anomaly.
The Enigma veins are hosted in a 75 m wide shear zone where grab samples returned assays up to 9.66 grams per tonne gold and 11.9% antimony.
Preliminary mapping of the Olympic Anomaly and Enigma shear, which is exposed in outcrop on the south shoreline of BC Hydro's Carpenter Reservoir, indicates strong iron-carbonate alteration similar to the Royal Shear.
Further prospecting and rock sampling is required in the area identified by the Olympic Anomaly and Enigma Shear.
Assays for the seven grab samples collected across the Enigma Shear are shown here.
Endurance Gold plans to follow up on these positive preliminary results in the 2023 field season.
Robert Boyd, President & CEO, stated: "We are very encouraged with these preliminary results on the recently acquired Olympic Claims. The recognition of the Olympic and Enigma trends within geologic settings similar to the Eagle Zone, continue to support our belief that the Reliance Gold Project is prospective for multiple additional gold deposits related to at least five regional scale structures. All of these indicate potential for a multi-million ounce "Epizonal" Orogenic gold camp on the Reliance Property."
The Reliance Gold Project is interpreted to host a shallow-level (Epizonal) Orogenic gold system.
Gold mineralization is directly related to varying amounts of arsenopyrite, stibnite and pyrite as sulphide replacement and multigenerational breccias often with associated pervasive silicification, quartz stockwork and/or quartz breccia infill.
To date, 75% of drill holes reported have returned significant gold mineralization with highlight intersections such as 15.7 gpt gold over 24.7 m.
In 2022, the Company conducted 2,455 m in 33 RC drill holes, and 8,274 m in 38 diamond drill holes with the goal of expanding the Eagle Zone discovery.
Assay results are pending for 14 drill holes and results are expected to be reported this month.
The shares are trading at $0.35.
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.
