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This article by eResearch outlines the exciting developments at Endurance Gold Corporation’s Reliance Gold Project and conveys 6 exciting reasons why the Reliance Property provides investors with good investment potential at a favorable cost. The full 18-page Site Visit Report is available here.
About Endurance Gold Corporation (TSXV:EDG):
The company is focused on the exploration & development of gold properties in Canada (the Reliance Gold Project in British Columbia) and the U.S. (the Elephant Gold Project in Alaska) and also owns a significant shareholding in Inventus Mining(TSXV:IVS) and a 2% Net Smelter Royalty on portions of the Rattlesnake Hills Project owned by GFG Resources (TSXV:GFG). Visit www.endurancegold.com for more information.
6 Reasons Why Endurance Gold’s Reliance Project Is So Exciting
- It is ideally located: The property is just 10 kilometres (6 miles) north of the prolific Bralorne-Pioneer Gold Mining Camp which has produced over four million ounces of gold to date.
- It has an extensive and large gold system: Historic drilling, recent sampling results, and airborne surveys suggest a mineralized gold system over 2.5 km long, a vertical extent of at least 400 m, and open along strike in both directions.
- It contains high-grade gold: New channel sample results have returned continuous intervals of high-grade gold and antimony mineralization along three outcrop exposures. Sample highlights include 5.89 grams per tonne Au over 31.5 m and 6.29 g/t Au over 13.4 m (see October 26 news release).
- It has close proximity to infrastructure: The project is road-accessible with a historical network of project roads that are in good condition and could support a modern exploration program with little to no upgrade work required. The town of Gold Bridge and powerlines are approximately 4 km from the site.
- It allows for year-round drilling: The property could be drilled year-round and initial drilling would focus on several already identified, near-surface mineralized zones.
- It will benefit from a more systematic method of exploration. Prior operators did not adequately log and sample a number of surface outcrops & core and several drill collars were observed and appear to have missed obvious targets.
Current Plans
Now that the drill permit has been issued a Reverse Circulation drill program of at least 10 holes is planned to mobilize this month.
Conclusion
The above outline suggests that the Reliance Property provides investors with good investment potential at a favourable cost.
You can download the full 18-page report by clicking here: eR-EDG-SVR-2020-11-06-FINAL
Stock Performance
As you will note from the chart below Endurance Gold’s stock continues to appreciate month after month going up 81% YTD, 23% since the end of September and 14% so far in the month of December.
Relevant News Releases
- October 26, 2020 – Endurance Reports 5.89 GPT Gold Over 31.5 M From Channel Samples At Reliance Gold Property
- October 22, 2020 – Endurance Receives Drill Permit for the Reliance Gold Property in B.C.
- October 15, 2020 – Endurance Reports Significant Gold Mineralized Zone At The Reliance Gold Property In B.C.
- September 28, 2020 – Endurance Reports On Eagle South Zone At The Reliance Gold Property In B.C.
- September 21, 2020 – Endurance Reports Biogeochemical Results At The Reliance Gold Property In B.C.
- September 09, 2020 – Endurance Reports Rock Sample Results At The Reliance Gold Property In B.C.
- August 24, 2020 – Endurance Completes Initial Soil Survey At The Reliance Gold Property In B.C.
- July 20, 2020 – Endurance Expands Land Position and Completes Option Agreement at the Reliance Gold Property in B.C.
- July 06, 2020 – Endurance Completes Airborne Survey And Provides Exploration Update At The Reliance Gold Property In B.C.
- June 04, 2020 – Endurance Commences Summer Exploration Program At The Reliance Gold Property In B.C.
- December 16, 2019 – Endurance Reports Surface Sampling of 10 gpt Gold Over 5 m at the Reliance Gold Property in B.C.
- September 12, 2019 – Endurance Acquires Reliance Gold Property In B.C.
