This morning, we received two news releases from Endurance Gold (TSX-V:EDG, OTC:ENDGF). One release recapped the company's accomplishments in 2022. The other, more notable news release, reported 12 holes from 2022 drilling at the Eagle and Eagle South Feeder Zones at the Reliance Project in BC, Canada.

Endurance regularly reports impressive gold intercepts from Reliance so investors have become increasingly tough to impress. However, this morning's drill results include the best hole drilled at Reliance to date. In addition, Endurance drilled some impressive step-out intersections to the southeast that extended the mineralized strike extent of both the Eagle and Eagle South Feeder Zones. 

Hole 58 was drilled into the heart of the Eagle Zone to confirm mineralized continuity across the zone. This hole intersected 3.05 g/t gold over 139.9 meters from the Eagle Zone commencing at 32 meters downhole depth. High-grade subintervals of the Eagle Zone include 12.85 g/t gold over 12.9 meters and 6.21 g/t gold over 11.8 meters.

It's notable that the above section map illustrates that veins 024 and 027 are steeply plunging. These vein zones warrant being chased to depth with the next phase of drilling this year.

Endurance also reported some nice step-outs to the southeast that extended the Eagle South Feeder Zone (ESFZ) to a strike length of 550 meters and the Eagle Zone to a strike length of 530 meters:

  • Hole 56 returned 16.99 g/t gold over 3.7 meters commencing at a downhole depth of 78.0 meters and extended the Eagle Zone 60 meters to the southeast.
  • Hole 55 returned 5.0 g/t gold over 9.8 meters commencing at a downhole depth of 49.5 meters from a mineralized vein zone representing the 037 Vein on the ESFZ.
  • Holes 48 and 57 tested the southern extent of the 027 Vein within the ESFZ. The holes were 120 meter and 250 meter step-outs, respectively, from previous drill intersections. Veining was intersected and the best intervals returned 3.88 g/t gold over 2.1 meters, 3.30 g/t gold over 1.9 meters, and 3.13 g/t gold over 2.1 meters.

With more than 10,000 meters of drilling in 2022, Endurance has further delineated a richly mineralized area of mineralization (Eagle South and ESFZ) that extends more than 600 meters along strike with a width of more than 200 meters. More importantly, the zones remain open at depth and along strike in both directions.

Endurance also has two additional holes pending assays that were drilled to the northwest between the Eagle and Imperial Zones. Imperial hasn't been talked about much in the last year, however, I expect EDG to place some focus on this 'gap area' between Eagle and Imperial in 2023.

Endurance now has 3 primary priorities for 2023 exploration:

1. A higher density of drilling in existing zones (combine step-out and infill drilling) to get a better idea of the size/grade of these zones (Eagle and ESFZ). 

2. Shallow near surface drilling to better understand the gap zone between Eagle and Imperial; this area remains largely untested with drilling due to poor surface exposures.

3. Drilling all zones to depth; substantially expand the discoveries at the ESFZ at depth.

I am very pleased with this morning's results and Endurance's overall exploration progress at Reliance in 2022. Endurance has come a long way since my first article highlighting the company in September 2021 - It remains a top pick and I chose EDG as one of 3 picks for the 2023 Stock Picking Contest.

EDG.V (Weekly)

Disclosure: The author of this article owns EDG.V shares at the time of publishing and may choose to buy or sell at any time without notice. Author has been compensated for marketing services by Endurance Gold Corp.


DISCLAIMER: The work included in this article is based on current events, technical charts, company news releases, and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This publication is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.