Endurance Gold Corporation (EDG -- TSX.V, "Endurance") is pleased to announce completion of a summer exploration program of trenching, soil and rock sampling, and geological mapping on the Trout and South Fork targets within the Elephant Mountain Gold Project. The Company has also doubled the size of the Trout and Wolverine Properties through staking to form one contiguous property at the north end of the Elephant Mountain Gold Project.
During 2018 three hand excavated trenches were completed in the higher value gold-in-soil anomaly area identified in 2017. In addition, soil sampling, Niton XRF supported geological and geochemical mapping were completed in the area encompassed by the Trout and Wolverine Properties. Complete analytical results from the 2018 summer program are expected over the next few weeks.
The newly acquired Alaska state mining claims increased the Trout and Wolverine properties from 2,240 acres to 4,800 acres (1,942 hectares) resulting in the properties being contiguous as one property henceforth identified as the Trout-Wolverine property. Together with the original Elephant property, the Elephant Mountain Gold Project now encompasses 10,240 acres (4,143 hectares), a 33% increase in size from 2017. The Property was expanded by staking to encompass additional gold prospects, existing soil anomalies, interpreted controlling structures for mineralization, as well as the strike extensions of gold-in-soil anomalies identified to date. A location map showing the updated property outline and targets is available at www.endurancegold.com.
The 100% optioned Elephant Mountain Gold Project is located in the Rampart-Eureka-Hot Springs placer gold mining district near Eureka, Alaska. The Property can be accessed by road and trails from Eureka, a placer mining area located about 76 miles (123 kilometers ("km")) west of Fairbanks.
The southeast end of the Elephant Mountain Gold Project area can be accessed by the all-weather Elliott Highway about 76 miles (123 km) northwest of Fairbanks within the Rampart-Eureka-Manley Hot Springs placer gold mining district near Eureka, Alaska. The northwest end of the project in the area of the Trout-Wolverine property is accessible by historic gold rush trails into the Quail Creek placer gold camp.
The Elephant Mountain Project controls at least six (6) km-scale gold targets associated with a Cretaceous aged intrusive complex and associated alteration that extends over a strike length of about twelve (12) km. Five (5) of these km-scale gold targets are associated with gold in soil (greater than 100 parts per billion ("ppb") gold) and rock grab samples up to 11.98 grams per tonne ("gpt") gold.
The 2018 trenching was conducted on the Trout Target located 12 km northeast of the 2016 North Zone Discovery (0.4 gpt gold over 147.1 metres intersected in drilling). The Trout Target area is drained by the placer gold bearing South Fork and Bonanza Creeks, tributaries of Quail Creek. Within a one km long +100 ppb gold in soil anomaly at the Trout Target, detailed power auger soil sampling in 2017 defined an area of deeply weathered oxidized intrusive in which gold-in-soil values exceed 200 ppb gold over 175 metres of strike and 25 to 50 metres width.
Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits. The Company's exploration focus, for projects operated by Endurance, is intrusive-related mineral systems with potential for discovery of major new precious or rare metals deposits, and its business plan offers shareholders exposure to several majority-owned exploration projects with significant discovery potential such as the Elephant Mountain and McCord Gold Properties in Alaska. The company also owns a significant shareholding in Inventus Mining Inc. (IVS-TSXV) which controls the entire Pardo paleoplacer gold district near Sudbury, Ontario.
Please visit www.endurancegold.com.
Robert T. Boyd, P.Geo. is a qualified person as defined in National Instrument 43-101 and supervised the compilation of the information forming the basis for this release. The drill intersections in this release may not represent the true width of the intersection. The split drill core samples from the Endurance 2016 drill program were analyzed at ALS Minerals using Au-AA23, Au-GRA21 (>10 g/t), and ME-MS61L. Confirmation standards were inserted within sample shipments by Endurance as well as ALS Minerals inserted standards with each shipment analyzed. Bedrock grab samples mentioned in this release are selective by nature and are unlikely to represent average grades within the bedrock when drilled.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture 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