Endurance Gold reports the first diamond drilling analysis from Eagle Zone, including 10.94 GPT gold over 5.4 meters and 7.49 GPT gold over 9.0 meters-Junior Mining Network

2021-12-14 12:46:00 By : Ms. Jane Bian

TSX.V: EDG www.endurancegold.com

Vancouver, British Columbia-(Newsfile Corp.-November 29, 2021)-Endurance Gold Corporation (TSX: EDG) (the "Company") is pleased to report the first of Reliance Gold Property's 2021 diamond drilling program One analysis result ("Property") is located in southern British Columbia. The property is located 4 kilometers ("km") east of Jinqiao Village, accessible by roads throughout the year, and 10 kilometers north of the historic Bralorne-Pioneer gold mine camp, which produced more than 4 million ounces of gold.

As announced on November 3, 2021, the company completed 4,329 meters ("m") of diamond holes in twenty-two (22) holes in Eagle and Imperial Zones. The test results of the first four (4) diamond drill holes completed in Eagle Zone have been received, and the test results of the remaining eighteen (18) drill holes are waiting. The reported diamond drilling position is shown in Figure 1.

Diamond drill holes DDH21-003 and DDH20-004 were drilled at the same location as the two earlier reverse circulation ("RC") drill holes completed at the end of 2020, and the results were reported on February 2, 2021. The purpose of these diamond drill holes is the quality assurance and quality control ("QAQC") of the RC drilling technology to recover 100% of the bedrock in the form of crushed bedrock and cuttings, and to carry out the newly discovered Eagle oxidation part Better mineralization of the geological inspection zone. DDH21-003 is a diamond drill hole that is paired with the earlier RC drill hole RC20-014, which has 6.1 gpt of gold at 12.19 m from the ring. DDH21-004 is paired with RC borehole RC20-015. RC borehole RC20-015 has an intersection of 7.40 gpt gold over 16.8 m, including the higher grade 9.70 gpt gold interval over 12.2 m. Both RC intervals start from RC drill collar begins.

As shown in Figure 1, the other two diamond drill holes DDH21-001 and DDH20-002 have been drilled at an azimuth angle of 080 degrees and an inclination angle of -45 degrees, which is difficult to explain due to the stricter structure and RC drilling results. Geological control of the area. Since a steep fault offset was explained from this drilling, both of these holes weakened the shallow southwest sloping eagle belt, which is now interpreted as a vertical offset on the southwest side of the explained steep fault, as shown in Figure 1. . In the faults being interpreted on the southwest side, the geological structure is complex, including altered mélange of iron carbonate and sericite, flint, and breccia and sulfide silicification. These holes continue to penetrate the migration fault, with a total depth of 213 m and 188 m, respectively, to provide geological, structural and alteration data on the footwall of the Eagle Zone.

DDH21-001 returned the weak golden intersection of 2.02 gpt gold above 1.0 m, which is similar to the 2.38 gpt golden intersection above 1.52 m reported in RC21-033 on June 17, 2021. DDH21-001 and RC21-033 are from the same setting, with similar azimuth and -45 degree inclination.

So far, the laboratory results of 212 of the 1,310 core samples submitted for laboratory analysis have been received. The remaining gold test results are expected to be received in December and the first quarter of 2022, and will be reported upon receipt.

Endurance Gold Corporation is a company that focuses on the acquisition, exploration and development of highly potential North American minerals with the potential to develop world-class deposits.

For more information, please contact Endurance Gold Corporation (604) 682-2707. This email address has been protected by an anti-spam plug-in. You need to enable JavaScript to view it. www.endurancegold.com

Under the supervision of the property’s geologist, diamond cores and samples designated for collection have been recorded and evaluated on the property. The drilling was done using a skid-mounted Hydracore 2000, which is equipped with NQ size tools, capable of collecting cores with a diameter of 4.76 cm. The diamond core is cut with a diamond drill saw, half of which is used for analysis and the rest is reserved for future research. The sample interval is usually 2 meters in core length, and the interval is shortened due to changes in lithology or alteration. For boreholes and sampling intervals with poor average core recovery, the entire core is sampled and sent to the laboratory for analysis. All diamond core samples have been submitted to ALS Global in North Vancouver, British Columbia, an ISO/IEC 17025:2017 accredited laboratory, where they are crushed to 70% <2 mm and then crushed to 250 grams To <75 microns. Then the sample was sent to the tetraacid for digestion, and analyzed by 48 element ICP-MS (ME-MS61) and gold 30g FA ICP-AES surface treatment (AU-ICP21). Return the over-limit samples with more than 10 ppm of gold to be re-analyzed by the Au-GRA21 method, and return the over-limit antimony with more than 10,000 ppm Sb to be re-analyzed by the Sb-AA08 method. Endurance Gold monitors QA/QC by inserting blank, certified standards and pulp copies into the sample stream.

Collect reverse circulation ("RC") samples under the supervision of the geologist on the drilling rig. A 3.5-inch hammer was used to complete the borehole, and a cyclone separator was used to collect cuttings samples. Use a corrugated separator on the drill to reduce the sample size to 1/8. Collect the second split and coarse fragments as reference materials and store them. All RC samples were submitted to ALS Global in North Vancouver, British Columbia, and processed using the same analysis methods as the diamond core samples described above.

The work plan for 2020 and 2021 is supervised by Darren O'Brien, P.Geo. Darren O'Brien, P.Geo. is an independent consultant and a qualified person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved this press release.

Neither TSX Venture Exchange nor its regulatory service providers (as the term is defined in the policies of TSX Venture Exchange) assumes responsibility for the adequacy or accuracy of this press release. This press release may contain forward-looking statements based on management's assumptions and judgments about future events or results. These statements may prove to be inaccurate due to factors beyond its control, and actual results may differ materially from expected results.

Figure 1: Reliance Property, Eagle Zone Target-Diamond Drilling Plan 2021

Figure 2: Reliance properties, DDH21-003 drill bit intersection

Figure 3: Reliance attribute, DDH21-004 drill bit intersection

Table 1: Reliability, summary of DDH21-003 test results

Table 2: Reliability, summary of DDH21-004 test results

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