September 27, 2016
Endurance Announces Completion of Target Drilling at Elephant Mountain, Alaska
|Endurance Gold Corporation (EDG - TSX.V, "Endurance") is pleased to announce successful completion of the 2016 drill program on its 100% optioned Elephant Mountain Gold Property (the "Property") in Alaska. Three (3) diamond drill holes were completed on the South Zone and one (1) diamond drill hole was completed on the North Zone for a total of 598 metres drilled. Assays for the 2016 drilling are still pending. The program was successful in identifying an intrusive-hosted bedrock source for the previously unexplained arsenic-antimony (and gold) soil anomaly at the South Zone Target and also intersected 182 metres of continuous disseminated pyrite-arsenopyrite-stibnite in phyllic (sericite) altered and silicified granodiorite at the North Zone Target. |
The Property can be accessed by highway, road and all-terrane vehicle trails from Eureka, an historic and active placer gold mining camp in the Rampart-Manley Hot Springs area of Alaska, about 76 miles (123 kilometres) northwest of Fairbanks.
South Zone Drilling - Three (3) diamond drill holes tested this soil anomaly target. Maps showing the location and projection of the drill holes with respect to the soil anomaly are located at www.endurancegold.com. The soil anomaly is underlain by a recessive area without outcrop and geostatistical analysis of the soil geochemical data demonstrates a 0.76 and 0.79 correlation factor between gold and antimony/arsenic respectively at the South Zone target. This is a strong correlation and thus arsenic and antimony mineralization observed in drill core are expected to be associated with anomalous gold values.
- EL 16-14 A&B (Az235 Dip-45) - This hole tested the eastern contact at the south end of the South Zone soil anomaly and transected primarily sheared and faulted syenomonzonite and/or diorite with inliers of altered clastic sediments to 90 metres. The most significant intersection occurred between 19.1 and 22.9 metres through a sheared, brecciated, silicified and phyllic (sericite) altered diorite and syenomonzonite with veinlets of pyrite-arsenopyrite-stibnite highlighted by a 6.1 centimeter band of massive stibnite at 21.4 metres. Due to technical problems the upper portion of this hole was drilled twice resulting in a duplicate drill intersection of this stibnite rich zone.
- EL 16-15 (Az055 Dip-45) - This hole tested the western contact at the south end of the South Zone soil anomaly. The hole transected primarily sheared and faulted diorite, granodiorite, and/or syenomonzonite with inliers of altered clastic sediments to 114.3 metres. Notable zones of interest included:
- a silicified and phyllic (sericite) altered and sheared zone of diorite and altered sediments with pyrite-arsenopyrite veinlets and stock work from 6.6 to 13.4 metres.
- intensely iron oxidized clay-sericite gouge and diorite rubble from 49 to 57 metres interpreted to be a southeast trending fault that parallels the soil anomaly
North Zone Drilling - One diamond drill hole EL 16-13 (Az180 Dip-45) tested the same target as the 1992 Placer Dome Drill hole located within the North Zone target. The 1992 drill hole returned an average grade of 0.015 ounce per ton gold (0.514 g/t gold) over an interval of 326 feet (99.4 m). EL 16-13 also targeted an area south of the 1992 drill hole. In EL 16-13 silicified and phylllic (sericite) altered granodiorite with 0.5% to 1.0% pervasive disseminated pyrite, arsenopyrite and stibnite was encountered throughout the entire 182 metres length. The lower extensions of EL 16-13 were disrupted by a zone of deep oxidation, fracturing and clay gouge interpreted to be an oxidized structural zone. On surface, pervasive disseminated pyrite-arsenopyrite covering about one (1) square kilometer outcrop area is associated with this similar alteration encountered by the drilling.
- EL 16-16 (Az235 Dip-45) - This drill hole, which tested the eastern contact at the central portion of the South Zone soil anomaly, transected primarily sheared and faulted syenomonzonite and/or diorite with inliers of altered clastic sediments to 165 metres. The most significant zone of interest occurred between 32 and 38 metres through an area of abundant oxidized quartz veins in sheared phyllic (sericite) altered diorite and syenomonzonite with associated pyrite-arsenopyrite-stibnite. This zone is interpreted to be the northwestern strike extension of the stibnite-rich zone observed in EL 16-14.
The most encouraging drill intersections have been prioritized for sampling will be sent for assay over the next week.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, email@example.com
Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43-101 and will supervise the drill program and has also supervised the compilation of the information forming the basis for this and earlier releases. Neither the TSX Venture Exchange ("Exchange") nor its Regulation Services Provider (as that term is defined in the policies of the 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.
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