Endurance Completes Airborne Survey and Provides Exploration Update at the Reliance GOLD Property IN B.c.
ENDURANCE GOLD CORPORATION
#520 – 800 West Pender Street
Vancouver, B.C. V6C 2V6
Tel: (604) 682-2707 Fax: (604) 681-0902
NEWS RELEASE 20 - 04 July 6, 2020
ENDURANCE COMPLETES AIRBORNE SURVEY AND PROVIDES EXPLORATION UPDATE
AT THE RELIANCE GOLD PROPERTY IN B.C.
Endurance Gold Corporation (EDG – TSX.V) (the “Company”) is pleased to provide an update on its 2020 exploration
program on the Reliance Gold Property (the “Property”) in southern British Columbia. The Property is located 4 kilometres
(“km”) east of the village of Gold Bridge with year -round road access, and 10 km north of the historic Bralorne -Pioneer
Gold Mining Camp which produced over 4 million ounces of gold. A helicopter supported aeromagnetic geophysical survey
was recently completed and results have confirmed a significant magnetic anomaly associated with known gold prospects
along the Royal Shear. The Royal Shear is now interpreted to have a strike length of at least 2.5 km.
The Royal Shear is a northwest trending steeply dipping thrust fault with an associated shear zone up to 30 metres (“m”)
in width. In area s of known gold mineralization , the hanging wall of the thrust is largely chert and the footwall is
dominantly andesitic volcanics that have been sheared and intensely iron -carbonate altered. All of the observed gold
prospects on the Royal Shear are hosted within the iron-carbonate altered and silicified footwall over about 700 m of the
structural trend.
The sting -mounted airborne magnetic survey was flown by Precision GeoSurveys on 100 m spaced lines 40 m above
ground level using a Scintrex CS-3 split beam cesium vapor magnetometer. In addition to discovery of a magnetic anomaly
associated with the best known gold prospects on the Royal Shear, the resulting airborne magnetics data together with
observations from initial field work has extended the interpreted structural trend on the Royal Shear to a total of 2.5 km
and also identified four (4) other subparallel lineaments on the property named Steep, Treasure, Camp, and Nemo. Gold
mineralization has been identified with the Royal Shear, Treasure, and Camp lineaments. In addition, antimony has been
historically identified along the Nemo lineament. Grab samples have been recently collected for gold analysis along several
of the se additional structures. Summary figures showing the results from the residual magnetic intensity, calculated
vertical gradient airborne survey data, location of the interpreted northwest trending lineaments, and a summary geology
and gold occurrence map are available on the company’s website.
Most of the known gold prospects can be accessed from existing forestry roads and by exploration trails excavated
between 1985 and 2008. About 5 km of t hese former exploration trails are currently being cleared of overgrowth to
provide access to outcrop exposures of the Royal Shear where the Company will conduct systematic sampling and detailed
geological mapping. A talus fine soil sampling program encompass ing about 700 m of strike along the Royal Shear has
already been initiated with completion of this program expected by the end of July. Within the same area a biogeochemical
sampling program of Douglas Fir cuttings will provide for a comparison to traditional soil sampling methods.
The Company’s Notice of Work drill permit application has been accepted by the BC Ministry of Energy and Mines and has
been referred to other resource agencies for consultation. To expedite the permit application process, the Company has
engaged an expert archeological consultant to complete an assessment of the Property. The Company is committed to a
mutually beneficial relationship with local First Nations and thus will arrange for a community representative to
accompany the archeological consultant during the field assessment. Dialogue is active and the Company has also been
engaging First Nation contractors to assist in the 2020 exploration activities . The Company is dedicated to the safety of
the local community, First Nations, its employees and contracting crews during this COVID -19 pandemic and has
implemented the recommended protocols.
The Company acquired an option to earn a 100% interest in the Property in September 2019. The Property was previously
explored with trenching and diamond drilling from 1985 through 2008. The last program of drilling in 2008 targeted the
Imperial Zone, and returned highlight drill intersection widths of 13.30 grams per tonne (“g pt”) gold over 4.20 m (est
1.8m true width), 7.05 gpt gold over 5.06 m (est 2.05 m true width), 5.70 gpt gold over 12.05 m (est 9.5 m true width),
5.43 gpt gold over 15.35 m (est 10 m true width), and 2.16 gpt gold over 12.13 m (est 6.5 m true width), in five (5) drill
holes.
In December 2019, the Company announced the results from a program of surface rock sampling completed in September
2019 which included 10 gpt gold over 5 m at the Imperial Zone and 4.6 gpt gold over 2 m at the Senator Zone prospects.
Summary maps of the historic and 2019 surface sampling results and the 2008 drill results in plan and s ection for the
Reliance Property are available on the company website.
Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective
North American mineral properties with the potential to develop world-class deposits.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, [email protected]
www.endurancegold.com
Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43 -101 and supervised the compilation of the historic information forming the basis for
this release. The 2019 representative chip samples mentioned in this release were analyzed for gold only at SGS Cana da by GE_FAA30V5. The single over-limit sample
that exceeded 10,000 ppb gold was analyzed by SGS Canada by G O_FAG30V. Confirmation standards were inserted by SGS Canada with each of the two analytical
techniques.
Bedrock representative chip and grab samples mentioned in this release are potentially selective by nature and are unlikely to represent average grades within the
bedrock when drilled. Except for the drilling completed in 2008, the historic exploration dr illing activity cannot be relied upon due to poor quality georeferencing and
lack of down-hole dip information. Despite estimates, the drill intersections mentioned in this release may not accurately represent the true width of the intersection. In
2008 all cut and/or split core samples were analyzed by ICP analyses at Ecotech Analytical Laboratory. Samples that exceeded 1,000 ppb Au were rerun by lead collection
fire assay at the same laboratory using a preferred 30 gram sub-sample size.
The 2020 exploration program is being managed by Darren O’Brien, P.Geo, an independent consultant and qualified person as def ined in National Instrument 43-101.
Mr. O’Brien has reviewed and approved this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this news release. This news release may contain forward looking statements based on assumptions and judgments of management regarding
future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.