Endurance Gold samples up to 2,330 ppb Au at Trout
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.
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 (firstname.lastname@example.org).
H Ross III Arnold, Robert Thomas Boyd, Richard Gilliam, John Christopher Mitchell, Robert Bruce Pease
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