McCord Gold Project, Livengood District, Alaska
Endurance Gold Corporation has acquired, through staking in its US subsidiary, a 100% interest in 41 Alaska State lode mining claims encompassing over 6,500 acres located in the Fairbanks District.
The McCord Gold Property is located in the eastern extension of the Livengood Gold District and immediately adjoins International Tower Hill's ("ITH") Livengood Property on the eastern side. As part of its preliminary economic assessment, ITH has reported in-situ measured and indicated resource (at 0.30 gpt cut-off) of 15.7 million ounces of gold, centered on the Money Knob discovery. See the ITH website for complete disclosure.
The McCord Property was originally located to cover the stream catchment area for two encouraging gold anomalies (110 and 61 ppb gold) in stream sediment samples collected from McCord Creek in 1982, and re-analysed by the State of Alaska Division of Geological and Geophysical Surveys in 2005. The Livengood District has not been glaciated and therefore the stream sediment gold anomalies were interpreted to represent a source area within the McCord Creek drainage catchment.
Since acquisition of the initial claims, 467 soil samples and 73 rock samples have been collected from the McCord Gold Property. The 2011 and 2012 programs have identified seven multi-element soil anomalies, associated with multiple anomalous gold values (>100 parts per billion or " ppb"), which are considered to be of exploration significance by David Adams, a qualified person as defined in National Instrument 43-101. The two largest multi-element soil anomalies, exceeding 10 ppb gold, are approximately 1,500 by 400 metres, and 1,100 by 500 metres in size. The maximum soil value exceeds 100 ppb gold, which is the upper detection limit for the analytical method used. The two largest soil anomalies shed into the McCord Creek drainage.
The geology in the McCord Creek area is interpreted to consist of Proterozoic to Paleozoic sedimentary and volcanic rocks near an ophiolitic thrust assemblage of mafic volcanics that has been cross-cut by Cretaceous-aged intrusives. This geological setting is similar to ITH's adjoining property.
In 2012 and 2013 the Company optioned the Property to a third party who defaulted on the option in early 2014. During the term of this option a 2012 program of US$160,000 was completed that expanded the target areas.
In the 2012 technical report, David Adams recommends additional soil sampling, trenching and geophysics. The property is available for joint venture.
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 summary.