Endurance Gold Corp (TSXV: EDG) Expanding The Discovery at Reliance in Barlorne BC Gold Camp

Endurance Gold Corporation is a Canadian-based junior exploration company with projects in North America. The Company’s prime exploration focuses on its Reliance Gold project in southern British Columbia. The Reliance Gold Project, situated 4 kilometers east of Gold Bridge and 10 kilometers north of the historic Bralorne-Pioneer Gold Mining Camp, is a prospective site for gold exploration (see Figure 1). This project is road accessible year-round via the Trans-Canada highway from Vancouver and onto local well-maintained roads adjacent to a large and active hydroelectric power facility. The project encompasses an “Epizonal” Orogenic gold system that, based on drithng intersections to date on the Royal Shear trend, extends over 1,500 meters in strike and 700 meters vertically and remains open to expansion by drilling. Surficial explora­tion results indicate immediate significant mineralized potential along strike for a total of 2.5 kilometers on the Royal Shear trend—a regionally significant, relatively unexplored shear zone complex that parallels the structural trend of the Bralorne-Pioneer mine camp.

 

Investment Highlights

  • The Reliance project is a discovery of an extensive gold mineralized system in a soon-to-be-restarted historically significant multi-million-ounce orogenic gold camp.
  • Endurance’s current drilling program of up to 10,000 meters is underway, and results are being delivered to expand the strike and depth extension of mineralization along the Royal Shear targets.
  • The 100% owned Reliance project hosts eight interpreted structural trends, with the most recent drilling only targeting the Royal shear. Gold mineralization is confirmed on six of these other structural trends, and the total prospective strike extension on the claim group could exceed 10km.
  • The strong insider support and ownership of common stock, over 60%, align
    management’s actions with those of other shareholders in creating value.
  • One board member and large insider recently funded the 2024 exploration program with a C$4 million investment.
  • The project is located in a Tier 1 jurisdiction with permitting in place to continue the exploration program and deliver ongoing market-significant results.
  • Continued increases in the gold bullion price are expected to increase investment interest in the junior gold exploration market and see positive resource revaluation.
  • We are recommending the shares of Endurance Gold as a Buy with a fair market value target of C$0.30 as part of an investment portfolio of advancing gold explorers to gain exposure to positive results in this record-setting gold price market.

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