ENDURANCE REPORTS FINAL 2020 BIOGEOCHEMICAL RESULTS AT THE RELIANCE GOLD PROPERTY Survey defines multiple anomalies including 400 metre extension of Eagle Zone
ENDURANCE GOLD CORPORATION
#520 – 800 West Pender Street
Vancouver, B.C. V6C 2V6
Tel: (877) 624 2237
NEWS RELEASE 21 - 03 February 16, 2021
ENDURANCE REPORTS FINAL 2020 BIOGEOCHEMICAL RESULTS AT THE RELIANCE GOLD PROPERTY
Survey defines multiple anomalies including 400 metre extension of Eagle Zone
Endurance Gold Corporation (EDG – TSX.V) (the “Company”) is pleased to report results from the biogeochemical survey
completed during the 2020 field season at its 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 has produced about 4 million ounces of gold. The 240-hectare
biogeochemical survey was designed to test for blind mineralization obscured by the thick volcanic pumice tephra -ash
that blankets the Property.
Encouraging results from the biogeochemical survey include:
• Expansion of the anomaly associated with the Royal Shear to a strike length of 2,000 metres (“m”).
• The more intense portions of the Royal Shear Anomaly (greater than 90th percentile) extend over 1,300 m and
are associated with top priority gold target s including Eagle, Eagle South, Imperial, Senator -Diplomat, Crown-
Merit, and a new previously unrecognized target on the Royal Shear interpreted to be the strike extension of the
Eagle Zone (Upper Eagle Anomaly).
o Recent drilling results from Eagle returned 9.7 gpt Au over 12.2 m, 10.5 gpt Au over 6.1 m, and 6.2 gpt
Au over 13.7 m (estimated true widths).
o Historic drilling from Imperial returned 13.3 gpt gold over 4.2 m (estimated 1.8 m true width).
o Drill assay results are pending on the Eagle South Target while the Upper Eagle, Senator-Diplomat, Crown-
Merit targets remain to be tested with drilling.
• Identification of a 1,400 m long anomaly (greater than 90th percentile) called the Treasure Shear Anomaly, named
after a structure which parallels the Royal Shear on the northeast side.
• Identification of the Carter Anomaly (greater than 80th percentile), which represents the extension of the Royal
Shear to the southeast.
• Discovery of three anomalies along Steep Creek (greater than 80th percentile), at the western margin of the survey
grid.
The attached figure displays the biogeochemical samples elevated in arsenic , along with outlines of the above-noted
biogeochemical targets. This survey is an expansion of a previously reported biogeochemical/soil orientation survey that
the Company completed over a 850 m long strike length of the Royal Shear encompassing several of the known gold
targets (see News Release September 21, 2020). The results of that orientation survey indicated that elevated arsenic in
Douglas Fir tree clippings identified a biogeochemical anomaly which is coincident with a greater than 100 parts per billion
gold-in-soil anomaly.
The Royal Shear Anomaly (greater than 80th percentile) has been expanded to approximately 2,000 m of strike. At the
Upper Eagle Target, the survey has recognized an important 400 m southeast extension to the more intense 90th percentile
anomaly of the Eagle Zone. The 400 m extension is measured from the Eagle 3 outcrop, the furthest southeast surface
exposure of the Eagle Zone where the Co mpany’s channel sampling returned 4.88 gpt gold over 23.5 m, including two
higher grade intervals of 8.60 gpt gold over 9.1 m and 10.87 gpt gold over 2.1 m (see News Release November 16, 2020).
The Company recently completed two reverse circulation (“RC”) drill holes below Eagle 3 and assay results are pending.
Preliminary geological and geochemical modeling indicate that the Eagle Zone mineralization is interpreted to be hosted
within a low-angle shear structure striking northwest and dipping southwest at approximately 35 degrees. The Eagle Zone
remains open to expansion downdip to the southwest, and along strike to the southeast which coincides with the Upper
Eagle biogeochemical anomaly.
The Treasure Shear Anomaly is coincident with a northwest -southeast trending lineament that is sub -parallel and
approximately 300 m to the northeast of the Royal Shear. The Treasure Shear could be a footwall fault related to the
Royal Shear mineralizing event but has not seen any recent exploration with the exception of the Company’s property -
scale mapping and airborne magnetics geophysics. The Carter Zone Anomaly area was previously tested with three drill
holes in 2008 by a previous operator. The drill holes intersected narrow a quartz-arsenic-antimony shear and stockwork
veins within wide areas of ankerite altered volcanics. The best gold assay intervals were 1.34 gpt gold over 1 m and 0.95
g/t gold over 2.1 m. The Company will re-evaluate these historic results incorporating the new geological and structural
models being developed.
The biogeochemical survey included 1,207 samples of Douglas Fir tree clippings collected at approximately 25 m sample
intervals along 100 m spaced contour lines. The survey was efficiently completed over a period of 16 days by a 4 -man
sampling crew and was oriented to test the interpreted 2.5 km strike length of the Royal Shear over an elevation which
ranged from 660 m to 1,800 m above sea level. The Company expects to complete additional talus fine soil sampling in
the areas of the stronger biogeochemical responses and to expand the biogeochemical survey to cover the remainder of
the property. The Company has commenced planning for the 2021 exploration program to further evaluate these
anomalies and add additional targets for 2021 drilling.
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
Toll Free: (877) 624 2237, [email protected]
www.endurancegold.com
Douglas Fir clippings weighing approximately 350 grams per sample were submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory,
where the Douglas Fir clippings were prepped for analysis and then air dried. An average homogenized weight of 24 grams of the collected and dried sample was then
ashed at 475 degrees centigrade for 24 hours (prep method code VEG-ASH01) for a resultant average weight of 0.6 grams. The ashed samples were then submitted for
nitric/hydrochloric acid digestion and analyzed for trace elements and gold with an ICP-MS finish (method code AuME-VEG41a). Analytical results are reported to the
Company based on the ashed weight.
RC samples were collected under the supervision of a geologist at the drilling rig. Drilling was completed using a 3.5 inch hammer bit and rock chip samples were collected
using a cyclone. Sample size were reduced to 1/8th size with a riffle splitter at th e drilling rig. A second duplicate split and coarse chips were collected for reference
material and stored. All RC samples were submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they are crushed to 70%
<2 mm then up to 250 gram pulverized to <75 microns. Samples are then submitted for four -acid digestion and analyzed for 48 element ICP -MS (ME-MS61) and gold
30g FA ICP-AES finish (AU-ICP21). Over limit samples returning greater than 10 ppm gold are re-analyzed by Au-GRA21 methodology and over limit antimony returning
greater than 10,000 ppm Sb are re-analyzed by Sb-AA08 methodology. The pXRF analysis was conducted by a Company geotechnician at the project site on the RC coarse
chips that were saved as reference material. An Olympus Vanta XRF Analyzer was used for the analysis which is capable of measuring elements from concentrations as
low as single parts per million (ppm). The work program was supervised by Darren O’Brien, P.Geo., an independent consultant and qualified person as defined in National
Instrument 43-101. Mr. O’Brien has reviewed and approved this news release.
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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.