Endurance Gold reports high-grade drill results from B.C. projec

Drilling begins in mid-May at the Reliance Gold Project. Photo via Endurance Gold Corporation

Gold

Endurance Gold reports high-grade drill results from B.C. mining operation

8.98 g/t gold over 9.3 metres was the best intercept reported by the Vancouver miner at the Reliance project

Rowan Dunne

Published

June 26, 2023

Endurance Gold Corporation (TSX-V: EDG) (OTC Pink: ENDGF) reported high-grade intercepts from its first holes of 2023 at the Reliance Gold Project in southern British Columbia.

The Vancouver miner announced Monday that it intercepted 8.98 g/t gold over 9.3 metres, including 12.44 g/t Au over 6 metres from its ongoing 15,000-metre drill program that began in May. The program is focused on the Royal Shear at the project’s Diplomat, Imperial and Eagle zones and the company has drilled a total of 8 holes over 2,100 metres.

The site is a four-hour drive north of Vancouver and is situated 4 kilometres east of the village of Gold Bridge and 10 kilometres north of the Bralorne-Pioneer Gold Mining Camp, a site that Endurance says has produced over 4 million ounces of gold.

“The gold mineralizing system associated with the Royal Shear has now been traced for about 1,500 metres with drill intersections, indicating the Imperial Zone portion remains open to expansion to the northwest and at depth,” said Robert T. Boyd, CEO of Endurance Gold.

“The Eagle Zone drilling is increasing our understanding of the size potential of this part of the Royal Shear gold system,” he added. This year’s results from the Eagle zone are still currently pending but in 2020 and 2021 the zone yielded 14.08 g/t Au over 15.4 metres and 10.5 g/t over 6.1 metres and in 2022 the company intercepted 8.57 g/t Au over 10.66 metres.

1st 2023 Drill Results from Imperial & Diplomat Targets at Reliance Property BC return 8.98 gpt Gold over 9.3 m including 12.44 gpt Gold over 6.0 m &1.95 gpt gold over 12.2 m, including 12.85 gpt gold over 1.5 m. https://t.co/0qPjNhzTG8 pic.twitter.com/inMOYGZYUH

— Endurance Gold Corp. (@EnduranceGold) June 26, 2023

NevGold Corp. (TSX-V: NAU) (OTC: NAUFF) is another Vancouver gold producer that is active in southern B.C. The company recently formed a subsidiary to focus solely on the Ptarmigan project in the southeast corner of the province.

SubCo (1416753 B.C. Ltd) will soon become its own publicly listed entity, which the company’s CEO Brandon Bonifacio says will bring tremendous value to NevGold shareholders.

NevGold shares stayed flat at $0.40 on the TSX Venture Exchange Monday and have risen by 29 per cent over the past six months. The company’s stock currently trades for US$0.30 on the OTC Markets as well.

Endurance Gold stock stayed flat at $0.26 on the TSX Venture Exchange on June 26.