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Endurance Gold Corp.
Summary
| Project: | Elephant Mountain | |
|---|---|---|
| Deposit: | Elephant Mountain | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 10/31/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2016: Endurance Gold Corp. announces an Exploration/Drilling Update report for its Elephant Mountain deposit at the Elephant Mountain project. Drilling results incl. 4.6m @ 4.09g/t Au, 2.8g/t Ag from 18.3m. Endurance Gold Corporation (EDG – TSX.V, “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Boyd (Not Stated) | |
| ABSTRACT: | Endurance Gold Corporation (EDG – TSX.V, “Endurance”) is pleased to announce the first assay results from the 2016 drill program on its 100% optioned Elephant Mountain Gold Property (the “Property”) in Alaska located on roads about 76 miles (123 kilometres) northwest of Fairbanks. As announced on September 27, 2016 three (3) diamond drill holes were completed on the South Zone and one diamond drill hole was completed on the North Zone for a total of 598 metres drilled. Complete assays for the 2016 drilling are still pending however assays results were prioritized for drill holes EL 16-14 A&B which intersected an altered zone with areas of massive stibnite and arsenopyrite at the South Zone Soil Anomaly. "As the first drill hole to test this unexplained target, we are extremely pleased with a discovery of encouraging average grades that include narrower intercepts exceeding 20 grams per tonne" commented Robert Boyd, President and CEO of Endurance. "The associated wide gold, arsenic, and antimony soil anomaly has a strike length in excess of one kilometre within a Cretaceous-aged intrusive complex similar to those that have yielded other large gold discoveries in Alaska and the Yukon. Despite this encouragement, this discovery has still not explained the width and extent of this soil anomaly, thus excellent exploration potential remains for this South Zone target. We look forward to additional results from this year’s program and an active future for this project.” Weighted average gold results for the mineralized zone in two closely spaced holes are 4.09 grams per tonnes (g/t) gold over 4.6 metres(m) and 3.87 g/t gold over 4.6 m. True width is currently unknown. | |
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