Soil Samples Include High Gold Values Up to 2.33 Ppm and 2.1 Ppm Gold
VANCOUVER, BC / ACCESSWIRE / October 12, 2017 / Endurance Gold Corporation (EDG.V) ("Endurance") is pleased to report encouraging results from a soil and rock sampling program (the "Program") completed in August on the Trout Target. The Trout Target is located on the Trout property which was acquired earlier this year to expand and enhance the exploration potential of the Company's Elephant Property. The Elephant Mountain Project, which includes the Elephant, Trout and Wolverine Properties, can be easily accessed by the all-weather Elliott Highway located 76 miles (123 kilometres ("km")) northwest of Fairbanks within the Rampart-Eureka-Manley Hot Springs placer gold mining districts near Eureka, Alaska.
The Trout Target is located approximately nine km northeast of the Elephant Property. Prior exploration had defined a 1,000 metre ("m") by 300 m gold-in-soil anomaly with values in excess of 100 parts per billion ("ppb") gold which is centered on an interpreted northeast striking shear zone which transects the syenomonzonite intrusive ("Trout Anomaly"). The best assay results reported from prior sampling included a 1,880 ppb gold-in-soil sample and a gold-in-rock grab sample which assayed 9.64 grams per tonnes ("gpt") gold associated with a quartz veining within the shear. The Trout Anomaly has never been tested with drilling.
"We are pleased that the Trout Anomaly has advanced to become our fifth high priority drill target at Elephant," commented Robert Boyd, President and CEO of Endurance. "This 2017 soil survey has identified gold-in-soil values over 1 ppm along an encouraging strike length within the 1000 metre long +100 ppb soil anomaly. These are the highest gold-in-soil values that the Company has identified to date on the Elephant Project."
The Program evaluated the central portion of the Trout Anomaly with the collection of a total of 31 power auger soil samples and 12 rock samples with the objective of increasing the density of sampling and upgrading the Trout Anomaly to a drill target. Mapping identified an iron-oxidized intrusive-hosted shear zone which was observed over a variable 8 to 23 m width with a northeast trending strike length.
Coincident with the observed shear zone, the 2017 soil sampling has defined a 50 m wide (+100 ppb) gold-in-soil anomaly with a strike length of 170 m in the central part of the larger Trout Anomaly. Within this anomaly is a 10 to 15 m wide (+500 ppb) gold-in-soil anomaly with an open strike length of approximately 130 m. Peak values within the +500 ppb gold contour include 2,330 ppb gold and 2,100 ppb gold, and up to 4.14 ppm silver. The higher gold-in-soil results are associated with higher arsenic-in-soil. Due to oxidation and recessive weathering, there is no outcrop within the shear zone but frost boils in the area of the highest gold-in-soil have yielded oxidized quartz veining with grab samples assaying up to 1.26 ppm and 1.065 ppm gold, and up to 16.4 ppm silver. The shear zone and the +500 ppb gold-in-soil anomaly are open in both directions.