eResearch Corp. (www.eresearch.com) published a comprehensive 19-page Site Visit Report on the Reliance Gold Project owned by Endurance Gold (TSXV:EDG ; OTC:ENDGF).

Endurance Gold focuses on the exploration and development of precious metals mineral properties in North America. Key properties include the Reliance Gold Project in British Columbia and the Elephant Gold Project in Alaska.

Endurance Gold optioned the Reliance Gold property in September 2019 and the Company recently expanded the project area to 1,122 hectares. The project is road-accessible and located 10 kilometres from the Bralorne-Pioneer Gold Mining Camp, which historically produced over four million ounces of gold.

The Reliance Gold property has the potential to be a large gold system. Historic drilling, the recent airborne survey and summer sampling results illustrate the potential for a mineralized gold system over 2.5 kilometres long, a vertical extent of at least 400 metres, and is open along strike in both directions. Recent channel sample highlights include 5.89 grams per tonne gold over 31.5 metres and 6.29 grams per tonne gold over 13.4 metres (see the Company’s October 26 news release for more details).

Site infrastructure is good with a historical network of project roads that are in driveable condition and could support a modern exploration program. The town of Gold Bridge and powerlines are approximately 4 kilometres from the site.

Highlights from the Site Visit report include:

– The Reliance property provides investors with good investment potential at a favourable cost and exploration work can proceed on a year-round basis.

– Endurance Gold’s recent exploration led to discoveries of several near-surface gold mineralized zones.

– The property will benefit from a more systematic method of exploration currently being employed by Endurance Gold. Historical efforts should not dissuade investors as the Company’s targets differ from those of the prior operator.

– The historical work indicates a missed opportunity by the prior operator. Surface outcrops & core were not adequately logged and sampled, and several drill collars were observed and appear to miss obvious targets.

– The current strike length and width, as well as the known depth extent of the mineralization within the Royal Shear, demonstrate credible potential to host a significant resource. Typically, shear zones with orogenic gold tend to host considerable consistency of gold grade over depth extent.

Endurance Gold recently received its drill permit (see the Company’s October 22 news release) and the Company plans to start a drill program of at least 10 holes this month.

Other companies working in the area include Talisker Resources (TSX:TSK ; OTCQX:TSKFF) and Tempus Resources Limited (ASX:TMR). Currently Talisker is completing a 23,000 metre drill program using four rigs at the Bralorne Gold Project and is in the process of assessing a 2021 winter program.

For more information about eResearch’s 19-page Site Visit Report on the Reliance Gold Project, please visit eResearch’s website (www.eresearch.com).

Disclaimer / No representations, express or implied, are made by eResearch as to the accuracy, completeness or correctness of its research. Opinions and estimates expressed in its research represent eResearch’s judgment as of the date of its reports, are subject to change without notice, and are provided in good faith and without legal responsibility. Its research is not an offer to sell or a solicitation to buy any securities. The securities discussed may not be eligible for sale in all jurisdictions. Neither eResearch, nor any person employed by eResearch, accepts any liability whatsoever for any direct or indirect loss resulting from any use of its research or the information it contains. eResearch reports may not be reproduced, distributed, or published without the express permission of eResearch. eResearch accepts advertising and other fees from companies, financial institutions, other third parties, and Institutional and Retail Investors. The purpose of this policy is to defray the cost of researching small and medium capitalization stocks which otherwise receive little or no research coverage. To ensure complete independence and editorial control over its research reports, eResearch follows the CFA Institute’s “Best Practice Guidelines Governing Analyst/Corporate Issuer Relations”.

Source link