ENDURANCE IDENTIFIES FOUR CHARGEABILITY ANOMALIES ON THE ELEPHANT PROPERTY, ALASKA All Four gold targets prioritized for drilling
ENDURANCE GOLD CORPORATION
#520 – 800 West Pender Street
Vancouver, B.C. V6C 2V6
Tel: (604) 682-2707 Fax: (604) 681-0902
NEWS RELEASE 17 - 05 July 24, 2017
ENDURANCE IDENTIFIES FOUR CHARGEABILITY ANOMALIES ON THE ELEPHANT PROPERTY, ALASKA
All Four gold targets prioritized for drilling
Endurance Gold Corporation (EDG – TSX.V, “Endurance”) is pleased to report the results of the induced polarization
(“IP”) and ground magnetic surveys that were undertaken on the Elephant Property located 76 miles (123 kilometres
(“km”)) northwest of Fairbanks within the Rampart-Eureka-Manley Hot Springs placer gold mining district near Eureka,
Alaska.
A total of about 43 line-km of IP and 39 line-km of magnetic surveying were completed during the 2017 IP program. The
surveys successfully identified four prioritized resistivity and chargeability anomalies that warrant drill testing . Plan
maps and sections showing the four IP targets are available at www.endurancegold.com.
The 2017 resistivity survey is dominated by a linear east-west trending low that entirely bisects the survey area. This
dominant anomaly is readily discernible on the 5 th level resistivity contour plan and is interpreted to represent the
resistivity expression of the Elephant Mountain Fault traversing the intrusive . In addition, at least three less dominant
linear northwesterly trending resistivity lows intersec t the Elephant Mountain Fault complex. Two of these
northwesterly trending resistivity lows are coincident with anomalous gold-in-soil, including the high priority South Zone
soil anomaly.
Adjacent and extending northwards from the Elephant Mountain Fault in the northern part of the grid is a two -lobed
well-defined chargeability feature estimated at 1,200 x 600 metres (“m”) in size associated with pervasively sericite
altered granodiorite and 1 to 3% disseminated sulphides, quartz veinlets and sulphide -quartz veinlets with associated
gold. This chargeability anomaly is directly associated with a km-scale, greater than 100 parts per billion (“ppb”) gold-in-
soil anomaly, and was partially tested with Endurance’s 2016 drill hole EL 16 -13, which returned 0.40 grams per tonne
(gpt) gold over 147.1 m including 0.63 gpt gold over 48.2 m.
For targeting purposes this chargeability feature has been broken into two separate lobes defined by east-west oriented
areas of higher chargeability. These targets are the North Zone Target and the Pump Zone Target. A portion of t he
North Zone Target was tested by the Company’s 2016 drill hole and partially tested with drill holes by previous operators
in 1992 and 2000 . Large portions of the stronger chargeability features associated with the North Zone Target remain
untested by drilling. The Pump Zone Target is newly recognized and remains untested by either trenching or drilling.
South of the Elephant Mountain Fault , one of the northwesterly trending narrow resistivity low features is contained
within a 1 ,000 x 250 m gold -in-soil anomaly, where values exceeded 100 ppb, known as the South Zone Target. This
resistivity anomaly estimated to be at least 350 m in strike length is associated with the South Zone discovery hole EL 16-
14A which returned 4.09 gpt gold over 4.6 m hosted in an altered shear zone with bands of massive arsenopyrite and
stibnite. Adjacent and on the east side of this resistivity feature and discovery drill hole is a near surface chargeability
feature with a strike length of between 100 and 200 m. This South Zone chargeability feature remains untested by
drilling.
Elevated chargeabilit ies were noted on the largest separation readings on the north side and within the Elephant
Mountain fault between the South Zone and combined North Zone-Pump Targets. This area also has some anomalous
gold-in-soil and is referred to as the Central Zone Target. This target expresses itself at depth because it is interpreted to
be beneath an area of deeper oxidation associated with the fault.
A magnetic survey confirmed low magnetic susceptibility associated with the intrusive and higher magnetic susceptibility
associated with the hornfels altered sediments. The North Zone and the Pump Zone Targets are associated with the
lowest magnetic susceptibility areas of the intrusive complex while the South Zone Target is associated with the border
phases of the intrusive complex which have been observed to contain xenoliths of hornfels that increase the relative
magnetic susceptibility within the South Zone Target area.
Peter Walcott and Associates was engaged to complete the 2017 time domain pole-dipole IP and magnetics surveys. The
2017 surveys were completed at 50 m dipole spacing on 200 m spaced lines for the entire approximate five (5) square
km grid. In the South Zone Target, tighter 25 m dipole spacing was completed over several of the 200 m spaced lines as
well as five additional shorter 50 m spaced lines on which only 25 m dipole spacing was completed.
In 2004, Aurora Geosciences completed a combined 18.75 line-km I P and 36.75 line -km magnetics survey s on the
Elephant Property. The 2004 IP survey area (at 25 m dipole spacing) is located southwest and west of the 2017 IP and
mag surveys. Evaluation of t he Aurora IP survey data has identified a chargeability anomaly that represents a western
extension and expansion of the Pump Zone Target identified in the 2017 survey. The results and data from an IP survey
completed by Placer Dome Inc. in 1992 was not available to the Company.
Next Steps - The size of the North Zone and Pump Zone chargeability targets combined with the associated wide low-
grade gold intersections and gold -in-soil anomalies is evidence of an exploration potential for discovery of a large -
tonnage low-grade gold re source at the North Zone , Pump Zone, and Central Zone Targets. Recommended drill testing
of these targets north of the Elephant Mountain Fault will focus on discovery of the feeder zones and/or oxidized lower
grade gold zones which have potential for higher grades or lower grade mineralization with favourable recovery
characteristics. At the South Zone Target, south of the Elephant Mountain Fault, recommended drill testing will focus on
expanding on the South Zone Discovery dr ill hole and identifying the source of the near surface chargeability anomaly
which may represent a currently unrecognized sulphide bearing shear zone.
The Elephant Property is the anchor property of the three properties that form the Elephant Mountain Project which can
be easily accessed by the all -weather Elliott Highway. The Elephant Mountain Project includes at least six (6) km-scale
gold targets associated with a Cretaceous aged intrusive complex and associated alteration that extends over a strike
length of about twelve (12) km. Five (5) of these km-scale gold targets are associated with gold-in-soil (greater than 100
ppb gold with peak values up to 1,880 ppb gold) and rock grab samples up to 11.98 gpt gold. A map showing the location
of the properties and targets is also available at www.endurancegold.com. For a descriptive summary of the gold
targets on the Trout and Wolverine Properties, please refer to the Company’s news release dated April 3, 2017.
About Endurance
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. The company also
owns a significant shareholding in Inventus Mining Inc.(IVS -TSXV) which controls the entire Pardo paleoplacer gold
district near Sudbury, Ontario and owns shares in GFG Resources Inc . (GFG-TSXV) which controls the entire Rattlesnake
Hills gold district in Wyoming.
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 information forming the basis for this
release. The drill intersections in this release may not represent the true width of the intersection. The split drill core samples from the 2016 drill program were
analyzed at ALS Minerals using Au-AA23, Au-GRA21 (>10 g/t), and ME-MS61L. Confirmation standards were inserted within sample shipments by Endurance as well as
ALS Minerals inserted standards with each shipment analyzed. Bedrock grab samples mentioned in this release are selective by nature and are unlikely to represent
average grades within the bedrock when drilled.
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 fro m the expected
results