Endurance report from diamond drilling analysis in the Empire District

2021-12-14 12:46:18 By : Ms. Jollity Xue

As the pandemic continues to challenge the market, Argus will discuss their forecast for 2022 on Tuesday, December 14th at 2 pm Eastern Time.

16.27 GPT gold over 10.5 meters 8.47 GPT gold over 24.9 meters

Vancouver, British Columbia-(Newsfile Corp.-December 9, 2021)-Endurance Gold Corporation (TSX: EDG) (the "Company") is pleased to report further analysis of Reliance Gold Property's 2021 diamond drilling program Results ("Property" 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 analysis results of the first three (3) holes out of the six (6) holes drilled in the Imperial Zone have been received. On November 29, 2021, the first four (4) test results of the sixteen (16) holes completed in Eagle Zone were reported, including 10.94 grams per ton ("gpt") of more than 5.4 m of gold and more than 9.0 m of 7.49 gpt gold from drill holes DDH21-003 and DDH21-004 respectively. The test results of the remaining fifteen (15) holes are waiting.

The gold mineralization at the intersection of DDH21-009 started at 161 m, and returned 8.47 gpt of gold at an interval of 24.9 m (estimated true width is 24 m), and returned 16.27 gpt of high-grade gold at 10.5 m. The goal of the hole is to intersect the imperial area about 100 m below the surface. The azimuth angle of the borehole is 045 degrees, and the angle is -45 degrees. The position is drawn on the drill section, as shown in Figure 1. The photo of the intersection of the drill cores is shown in Figure 2 below. The results of individual gold and antimony samples of DDH21-009 are summarized in Table 1 below.

DDH21-011 was drilled from the same setup as DDH21-009 with an azimuth of 055 degrees and a steeper inclination of -82 degrees. The hole intersects the gold mineralization. Starting at 208.1 m, it returns 2.10 gpt gold at 24.9 m (estimated true width is 19 m), and the better grade range at 12.9 m is 2.91 gpt gold. There is a deeper intersection, starting at 239 m and returning 4.18 gpt gold at 4.2 m. The goal of this hole is to intersect the imperial area, and it is inclined downward about 130 m from the intersection of DDH21-009. The location is shown in Figure 1.

"We are very pleased to see that Reliance Property continues to provide high-grade ranges in a considerable width," commented Robert T. Boyd, CEO of Endurance Gold. "This wide, high-grade Imperial Zone diamond bit intersection is 420 meters away from the Eagle Zone Discovery wide and high-grade intersection announced last week, indicating that Reliance Property has excellent prospecting potential. We look forward to further expansion of the system to be determined. Laboratory results."

Drill holes DDH21-009 and DDH21-011 formed a ring in the wall sequence of interbedded carbonaceous mudstone and flint with a small amount of basic volcanic rock. In cantilevered sediments, the Royal Shear complex was observed to be sheared in parallel by multiple consistent brittle-ductile bedding, which deformed the sediment package. The gold mineralization zone is located in the basic volcanic sequence directly below the Royal Shear Fault, which is a boundary fault that separates the upper wall sediment from the lower wall basic volcanic rock. The gold mineralization zone is associated with the ubiquitous carbonate and sericite altered basic volcanic rocks. These lithologies have undergone brittle deformation, and are composed of multi-generation breccias and the introduction of pyrrhotite-pyrite-stibnite- It is composed of arsenopyrite, silicified and quartz vein network.

DDH21-012 is a vertical hole drilled 160 m east of DDH21-009. The purpose is to intersect the imperial zone near the surface and explore the coverage area between the imperial zone and the eagle zone. There is no obvious golden intersection in this hole. The feldspar porphyry at the target horizon intersects and obscures the mineralized zone in the area. The analysis results of DDH21-008 and DDH21-010 are awaiting. They were drilled in a horizontal fan pattern in the same setup as DDH21-009. The purpose is to test mines about 100 m along the strike from the encouraging intersection of DDH21. Transformation towards extension-009.

As reported on September 27, 2021, most of the cores drilled in the Empire in the 1980s were in very poor or completely lost condition and could not be restored to professional standards. Therefore, the four holes of the 2021 drilling plan in the test empire area are dedicated to collecting representative gold mineralized intervals to assist in the development of new lithology, structure and alteration models for the area.

So far, the test results of 322 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, info@endurancegold.com 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.

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, Imperial Zone-Drilling section

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/4976/107178_bdc49d15c4f91a78_002full.jpg

Figure 2: Reliance Property, Imperial Zone-DDH21-009 drill bit intersection photo

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/4976/107178_figure%202_%20reliance%20ddh21-009%20imperial%20zone%20core%20photo%20with%20assays.jpg

Table 1: Reliance Property, Imperial Zone-DDH21-009 Test Results Summary

To view an enhanced version of Table 1, please visit: https://orders.newsfilecorp.com/files/4976/107178_table%201_%20ddh21-009%20results%20table.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107178

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