Endurance Gold Corporation (EDG -- TSX.V, "Endurance") is pleased to announce a drill has now been mobilized and will commence drilling on its 100% optioned Elephant Mountain Gold Property (the "Property") in Alaska. As previously announced on June 15, 2016, three targets are prioritized for drilling with five drill holes planned with initial focus on the South and North Zones. For a complete summary of the targets please refer to the Company's release dated June 15 2016 and website at www.endurancegold.com.
The Property is well located near Eureka in the Rampart-Manley Hot Springs area of Alaska, about 76 miles (123 kilometres) northwest of Fairbanks. The Property can be accessed by highway, road and all-terrane vehicle trails from Eureka, an historic and active placer gold mining camp. Gold mineralization on the property is associated with three generations of quartz veinlets crosscutting altered granite and syenite.
The Property is interpreted to be a reduced intrusion-related gold system (RIRG) similar to the Fort Knox Mine, Ryan Lode, and True North deposits located in the nearby Fairbanks Gold Mining district in Alaska, as well as the Brewery Creek, Eagle-Dublin Gulch, and possibly Coffee deposits in the Yukon. All of these deposits are related or interpreted to be related to late Cretaceous-aged intrusive events within the Tintina Gold Province of Alaska and the Yukon, and are associated with historic placer gold mining districts.
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.