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Endurance Gold Corporation

Publié le 28 août 2017

Endurance Completes Sampling on New Targets at the Elephant Project, Alaska

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Endurance Completes Sampling on New Targets at the Elephant Project, Alaska

Up to 6.60 ppm gold in grab samples and visible gold in quartz veins

VANCOUVER, BC / ACCESSWIRE / August 28, 2017 / Endurance Gold Corporation (TSX.V: EDG "Endurance") is pleased to report the completion of a soil and rock sampling program on targets within the recently acquired Trout and Wolverine claim blocks. Initial analytical results have been received with complete results of the larger sampling program expected in September. These claims, which include South Fork, Trout and Wolverine target areas, were acquired to expand and enhance the exploration potential of the Company's Elephant Mountain Project. The Elephant Mountain Project 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 district near Eureka, Alaska.

South Fork Target - An initial reconnaissance rock sampling program was completed in early July thatevaluated an east-west striking mineralized structure. Previously reported rock samples contained up to 11.98 grams per tonne ("gpt") gold. Assay results from sampling in July returned gold values up to 6.60 parts per million ("ppm"), confirming the gold potential associated with this structural feature. The mineralization within the structure is related to oxidized sulphides associated with intermittent quartz veining, vein stockwork, and quartz healed breccia hosted in hornfels altered clastic sediments. East-west striking felsic dikes cut the meta-sediments and structure in several locations. The highest gold values received from the first 10 rock samples in the initial July 2017 sampling program are associated with bleached zones of quartz veining and quartz-healed breccia hosted within the structure. These samples also contained anomalous lead (up to 1.940%), arsenic (>1%), bismuth (up to 21.6 ppm) and silver (up to 10.25 ppm).

In August, a follow-up ATV-supported program was completed on the South Fork Target. Exploration involved the collection of 132 soil samples and 102 additional rock samples. This total includes 60 rock chip samples from a shallow 100 metres ("m") long trench, excavated by hand and oriented perpendicular to the strike of the gold-bearing structure. The South Fork soil grid targeted an approximate 1,000 x 300 m area centered on the gold-bearing structure. Rock sampling focused on evaluating the extent and characteristics of the gold-bearing trend. Brecciation and quartz veining, consistent with the gold-enriched samples taken in July, was observed in rock and soil sampling pits extending 200 m to the east of the trench and 400 m to the west of the trench. Brecciation and quartz veining was also observed and sampled up to 100 m to the north of the trench. Interpreted felsic dike intrusive was observed in several locations extending to the west of the trench for at least 530 m.

Trout Target - The Trout Target, located approximately two km southeast of the South Fork Target, is a northeast-southwest trending shear zone hosted within a syenomonzonite intrusive plug. The previously reported 1,000 m by 300 m gold-in-soil anomaly with values in excess of 100 parts per billion ("ppb") gold is centered on this shear zone. The best assay results reported from prior sampling included a gold-in-rock grab sample which assayed 9.64 gpt gold associated with a quartz veining within the shear. No samples were collected at the Trout target during the July reconnaissance sampling program.

In August, mapping, rock and soil sampling evaluated the shearing at the Trout Target with the collection of a total of 31 deep power auger soil samples and 12 rock samples. The exploration successfully outlined an 8 to 23 m wide iron-oxidized intrusive-hosted shear zone over a northeast trending strike length of about 140 m. Stibnite and arsenopyrite was observed in several of the rock samples, however the strong oxidation within the shear made original sulphide mineral identification difficult. The shear zone is open in both directions but is more difficult to sample within the steeper coarse talus areas along strike to the northeast and southwest.

Wolverine Target - A recon program was also completed on Wolverine Mountain in July and August. In July four rock samples were collected and in August the field crew collected an additional eight rock samples and nine soil samples. The majority of the August rock samples were taken in the area where visible gold in rock was identified in 2016 (no assays). The 2016 sample, which contained five grains of gold visible without a hand lens, was contained within a narrow vuggy quartz vein hosted in porphyritic rhyolite in the headwaters of Eldorado Creek, a feeder creek for Quail Creek. This sample site was revisited in August 2017 to identify additional gold bearing rocks and evaluate and determine a sampling strategy for Wolverine. This recon program resulted in the identification of another visible gold bearing rock located about 76 m from the 2016 sample. The six grains of gold observed in this single 2017 sample and visible without a hand lens are contained within the remnants of a narrow quartz vein. The host rock to this veinlet is also quartz-rich intrusive and is interpreted to be of similar genesis to the host rock for the 2016 gold sample. Two rock samples of quartz veinlets in porphyritic monzonite, located approximately 900 m south of the visible gold bearing stockwork, contained anomalous tungsten (870 and 630 ppm W) with low gold values up to 130 ppb. Further fieldwork is required to define the extent of the intrusive that hosts the visible gold bearing quartz veinlets.

Plan maps showing the location of the South Fork rock samples with analytical results to date, location of soil grid, trench and the location of the visible gold samples at Wolverine are available at www.endurancegold.com.

The Elephant Mountain Project includes three properties which host at least six km-scale gold targets associated with a Cretaceous aged intrusive complex and hornfels alteration that extends over a strike length of about 12 km. Five of these gold targets are associated with greater than +100 ppb gold-in-soil and multiple +1 gpt gold in rock samples. A map showing the location of the three properties and targets is also available at www.endurancegold.com.

Next Steps - The Company has now identified four drill targets supported by chargeability anomalies and gold-in-soil at the Elephant Property. At the Trout and Wolverine Properties the objective of the 2017 sampling program is to advance the Trout and South Fork targets to drill stage. A drilling decision is expected on receipt of the results in September.

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, info@endurancegold.com
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. The grab samples from the 2017 sampling program were analyzed at ALS Minerals using Au-ST43, Au-AROR43 (>100 ppb), and ME-MS41. 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 from the expected results.

SOURCE: Endurance Gold Corporation

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Endurance Gold Corporation

EXPLORATEUR
CODE : EDG.V
ISIN : CA29267M1086
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Endurance Gold est une société développant des projet miniers d'or basée au Canada.

Ses principaux projets en exploration sont CARTER en USA et ANNIE, NATRONA, HUTTON PROJECT, PARKIN, MCCORD GOLD, PARDO, TURNER, BQ, NECHAKO, BANDITO et DOGPAW LAKE au Canada.

Endurance Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 15,2 millions CA$ (11,2 millions US$, 10,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 16 janvier 2009 à 0,01 CA$, et son plus haut niveau récent le 15 juillet 2022 à 0,57 CA$.

Endurance Gold possède 101 090 000 actions en circulation.

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Financements de Endurance Gold Corporation
23/07/2016Closes First Tranche of Private Placement
27/02/2014Close First Tranche of Private Placement
18/02/2014Announces Private Placement of $300,000
11/07/2013Closes Private Placement of $500,000
12/06/2013Announces Private Placement Of $500,000
25/05/2012Closes Private Placement Of $500,000
11/05/2012Announces Private Placement Financing
10/08/2011Closes Private Placement Of $350,000
02/08/2011Increases Private Placement
25/07/2011Announces Private Placement of $250,000
18/02/2011Announces Private Placement of $540,000
31/03/2010Shareholders Exercise 95 Percent Of Expiring Warrants
Nominations de Endurance Gold Corporation
29/04/2011Robert Pease Appointed To Board Of Directors
11/10/2007 Appoints Robert Boyd to Board of Directors
Rapports Financiers de Endurance Gold Corporation
22/08/2007Reports 2007 Second Quarter Financial Results and Summary of...
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28/10/2013(Pardo)Responds To Arbitration Notice Respecting The Pardo Joint V...
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03/09/2013Initiates 2013 Rattlesnake Hills Exploration Program, Wyomin...
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11/09/2012(Pardo)Drilling Commences on Pardo Gold Joint Venture, Ontario
01/08/2012Doubles Size of McCord Creek Gold Property, Alaska
02/05/2012Identifies Partner To Fund The McCord Creek Gold Property, L...
25/04/2012Soil Anomalies Discovered on the McCord Creek Property, Live...
29/03/2012(Pardo)Enters Into Joint Venture On Pardo Gold, Ontario
27/02/2012Expands Land Position on Elephant Gold Prospect, Alaska
19/09/2011(Bandito)Drilling Commenced on the Bandito Property
08/09/2011(Bandito)Copper, Rare Earth and Niobium Prospects Discovered Bandito ...
17/08/2011Exploration Commenced on the Mccord Creek Gold Property, Liv...
25/07/2011(Bandito)Exploration Commenced On The Bandito Rare Earth And Nickel P...
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24/08/2010(Dogpaw Lake)New High Grade Gold Zone Discovered on Dogpaw Lake Joint Ven...
29/06/2010(Pardo)2010 Drilling Commenced
13/01/2010Ginguro Reports High Grade Grab Sample Results On Endurance ...
23/11/2009(Nechako)Nechako Drill Program Results
27/10/2009(Nechako)Completes Drilling on the Nechako Gold Project, B.C., and Ge...
18/08/2009(Pardo)Commences Work On Endurance Pardo Property
20/02/2008(Pardo)Pardo Cyanide Leach and Screen Fire Metallic Analytical Resu...
Communiqués de Presse de Endurance Gold Corporation
23/07/2016Endurance Closes First Tranche of Private Placement
30/06/2016Endurance Gold Announces Private Placement of $500,000
29/06/2016Endurance Announces Update On Rattlesnake Hills District, Wy...
26/05/2016Endurance Announces Grant Of Stock Options
20/10/2015Endurance Confirms No Material Change
13/10/2015Endurance Closes the Sale of Rattlesnake Hills Property, Wyo...
10/08/2015Endurance Announces Sale of Rattlesnake Hills Property, Wyom...
11/06/2015Exploration Commenced - Elephant Mountain Intrusive-Hosted G...
20/04/2015Significant Intrusive-Hosted Gold Targets Confirmed - Elepha...
07/04/2015Endurance Gold Announces Private Placement of $500,000
10/03/2015Endurance Announces Start Of Drilling - Pardo JV, Ontario
20/01/2015Endurance Announces Winter Drill Program - Pardo JV, Ontario
15/01/2015Endurance Announces Winter Drill Program - Pardo Jv, Ontario
20/11/2014Endurance Provides Update From The Pardo Joint Venture, Onta...
20/11/2014Endurance Provides Update from the Pardo Joint Venture, Onta...
30/10/2014Endurance Closes Private Placement Of $650,000
20/10/2014Endurance Provides Further Update From The Godzilla Zone, Pa...
16/10/2014Endurance Announces Re-Pricing And Increase Of Private Place...
29/09/2014Endurance Reports 25 Metres of 3.4 Grams Per Tonne Gold from...
13/01/2014Encouraging Gold Results In Intrusive - Elephant Mountain Go...
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05/11/2012(Bandito)New "Heavy" Rare Earth And Niobium Discoveries At Bandito, Y...
27/09/2012Wide Low Grade Gold Zone Discovered on Flint Lake (Dogpaw) J...
09/01/2012Acquires Intrusive-Hosted Gold Prospect In Alaska
12/10/2011Trench Returns 2.65% Treo+Y over 6 Meters
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28/03/2007Options Remaining Dogpaw Lake Area Claims To North American ...
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