En­durance Gold sam­ples up to 2,330 ppb Au at Trout

Stockwatch Daily - - MINES & METALS - Mr. Robert Boyd re­ports

EN­DURANCE GOLD Corp. has pro­vided en­cour­ag­ing re­sults from a soil and rock sam­pling pro­gram com­pleted in Au­gust on the Trout tar­get. The Trout tar­get is lo­cated on the Trout prop­erty which was ac­quired ear­lier this year to ex­pand and en­hance the ex­plo­ration po­ten­tial of the com­pany’s Ele­phant prop­erty. The Ele­phant Moun­tain project, which in­cludes the Ele­phant, Trout and Wolver­ine prop­er­ties, can be eas­ily ac­cessed by the all-weather El­liott High­way lo­cated 76 miles north­west of Fair­banks within the Ram­part-Eu­reka-Man­ley Hot Springs placer gold min­ing dis­tricts near Eu­reka, Alaska.

“We are pleased that the Trout ano­maly has ad­vanced to be­come our fifth high-pri­or­ity drill tar­get at Ele­phant,” com­mented Robert Boyd, pres­i­dent and chief ex­ec­u­tive of­fi­cer of En­durance. “This 2017 soil sur­vey has iden­ti­fied gold-in-soil val­ues over one part per mil­lion along an en­cour­ag­ing strike length within the 1,000-me­tre-long plus 100 ppb soil ano­maly. Th­ese are the high­est gold-in-soil val­ues that the com­pany has iden­ti­fied to date on the Ele­phant project.”

The pro­gram eval­u­ated the cen­tral por­tion of the Trout ano­maly with the col­lec­tion of a to­tal of 31 power auger soil sam­ples and 12 rock sam­ples. Map­ping iden­ti­fied an iron-ox­i­dized in­tru­sive-hosted shear zone which was ob­served over a vari­able eight to 23 m width with a north­east trend­ing strike length.

Co­in­ci­dent with the ob­served shear zone, the 2017 soil sam­pling has de­fined a 50 m wide (plus 100 ppb) gold-in-soil ano­maly with a strike length of 170 m in the cen­tral part of the larger Trout ano­maly. Within this ano­maly is a 10 to 15 m wide (plus 500 ppb) gold-in-soil ano­maly with an open strike length of ap­prox­i­mately 130 m. Peak val­ues within the plus 500 ppb gold con­tour in­clude 2,330 ppb gold and 2,100 ppb gold, and up to 4.14 ppm sil­ver. The higher gold-in-soil re­sults are as­so­ci­ated with higher ar­senic-in-soil. Due to ox­i­da­tion and re­ces­sive weath­er­ing there is no out­crop within the shear zone but frost boils in the area of the high­est gold-in-soil have yielded ox­i­dized quartz vein­ing with grab sam­ples as­say­ing up to 1.26 ppm and 1.065 ppm gold, and up to 16.4 ppm sil­ver. The shear zone and the plus 500 ppb gold-in-soil ano­maly are open in both di­rec­tions.

Next steps

With the iden­ti­fi­ca­tion of this com­pelling Trout tar­get, the com­pany has now iden­ti­fied five drill tar­gets sup­ported by charge­abil­ity anom­alies and gold in soil at the Ele­phant and Trout prop­er­ties. The ob­jec­tive of the 2017 sam­pling pro­gram is to also ad­vance at least one other tar­get to drill stage. Soil and rock sam­ple re­sults are still pend­ing on the South Fork and Wolver­ine tar­gets and will be re­ported over the next few weeks. Due in part to a pro­longed de­lay in re­ceiv­ing an­a­lyt­i­cal re­sults, the com­pany has de­ferred the im­ple­men­ta­tion of a drill pro­gram un­til the spring.

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

H Ross III Arnold, Robert Thomas Boyd, Richard Gil­liam, John Christo­pher Mitchell, Robert Bruce Pease

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