The Flint Lake (Dogpaw) Joint Venture ("JV") Property is located approximately 58 kilometres southeast of the town of Kenora, in northwestern Ontario. The property is situated within the Kenora Mining Division and consists of 24 mining claims.
The Flint Lake JV Property lies within the central portion of the east-west trending Wabigoon sub-province and is host to numerous underexplored Archean aged greenstone hosted gold occurrences. This portion of the Wabigoon greenstone belt is an emerging gold camp with a number of developing projects including New Gold Inc.'s (TSX:NGD) Rainy River Deposit with a measured and indicated resource of 6.2 million ounces of gold and 14.6 million ounces of silver (see NGD website), and Chalice Gold Mines Limited's (TSX:CXN; ASX:CHN) Cameron Lake Deposit with an indicated and inferred resources of 1,397,200 ounces of gold grading 2.24 grams per tonne (see CXN website).
In 2007, Endurance entered into an option agreement with Metals Creek Resources Corp. (TSXV:MEK), whereby MEK could acquire 75% interest in the Dogpaw Lake and Flint Lake area of northwestern Ontario. MEK earned its 75% interest in the Property through issuing 450,000 shares to EDG, and completing $450,000 in exploration expenditures. In 2010, the two companies completed a JV agreement with 75% MEK and 25% EDG.
EDG participated in partially funding its 25% JV share exploration programs on the MEK JV in 2009 and 2010. No program was completed in 2011. A JV program was completed in 2012 for which the company elected to not participate in funding and resulting in a dilution to 22% JV interest in the Property.
The focus of the 2012 trenching program activity was on the Stephens Lake and Flint Lake Occurrences, which are separated by about five kilometres.
At the Stephens Lake occurrence, mineralization is hosted within an altered granodiorite intrusion of the Stephens Lake stock with associated carbonatization and pyrite mineralization. Seven trenches were excavated delineating two separate zones of gold mineralization. Highlights from the trenching program include trench STR2 in the D-Zone Target, which returned a surface channel cut of 1.43 g/t gold over 21 metres. The zone remains completely open in all directions as the trench terminates in overburden on both ends, with mineralization interpreted to continue through trench STR3 located 40 metres to the southwest, which returned a surface channel cut of 1.42 g/t gold over 10 metres. At Stephens Lake, a second parallel zone of gold mineralization (Busch Zone Target) was also trenched with trenches STR4 through STR7. Trench STR7 is 200 metres west of trench STR2 and returned a surface channel interval of 1.03 g/t gold over 20 metres. Many other gold occurrences have yet to be evaluated with trenching in the Stephens Lake Area.
A summary of results from the 2012 Stephens Lake trenching and channel sampling are tabulated below:
Note: details of the individual samples for the trench results are available here.
Trenching from the Flint Lake portion of the property also discovered 7.80 g/t gold over 3.1 metres from trench FTR5. This trenching was testing the strike extension of the Flint Central Zone, which was recognized in 2010 when surface grab samples up to 112 g/t gold were recovered from historic trenches. Other results from the Flint Lake trenching include 1.64 g/t gold over 1.2 metres from trench FTR1. Details are available here.
A JV program of claim geo-referencing and prospecting was completed in 2014 for which the Company elected to participate in funding. The Operator has not yet proposed a 2015 program.
In the Dogpaw Lake area, Endurance also retains a 2.5% NSR on four claims controlled by Chalice Gold Mines Limited.
In the preparation of this information, Endurance has relied on data compiled and completed by Metals Creek Resources Corp., the operator of the JV exploration programs. Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43-101 and supervised the compilation of the technical information provided by Metals Creek and forming the basis of this project summary.