EDG: 8.0 g/t Au over 10.5m Expands Crown Zone
What you need to know:• EDG reported assay results for three additional drill holes from the Crown Zone at its Reliance Gold Project.
• The highlight drill result comes from hole DDH25-116, which returned 8.01 g/t Au over 10.5m, including 15.12 g/t Au over 2.9m.
• 10 of 15 Crown Gap holes returned significant Au-Sb mineralization, with several containing visible gold in quartz-carbonate veins.
• The 2025 program has completed 16 holes (5,750m), with assays pending for seven holes, and drilling continues on near-surface Crown Gap targets.
This morning, Endurance Gold Corp. (EDG:TSXV) announced assay results for three additional drill holes from the Crown Zone at its Reliance Gold Project. All three drill holes encountered strong gold mineralization within the Royal Shear contact, while one hole also revealed a new mineralized footwall zone in ultramafic rocks. The highlight drill hole (DDH25-116) returned 8.01 g/t Au over 10.5m. We remain encouraged by these strong results as the Company progresses toward its inaugural open-pit mineral resource. We are maintaining our BUY rating and target price of $0.50/share on EDG.
The 2025 drilling program has completed 16 holes to date, totalling 5,750m. 10 of 15 drill holes completed from the Crown Gap have now returned significant gold and antimony mineralization, with several holes intersecting narrow, high-grade quartz-carbonate veins occasionally containing visible gold (e.g., DDH23-078, DDH24-093, DDH24-103). Assays remain pending for seven holes, while one hole was abandoned before reaching the target depth. Additional drill testing of the Crown Gap is ongoing, with the current rig targeting near-surface zones up-dip of the Lower Crown discovery hole DDH24-103 (7.61 g/t Au over 5.7m), designed to better define the geometry and expansion potential of this high-grade zone.
Highlights from today’s release:
• DDH25-116: 8.01 g/t Au over 10.5m, including 15.12 g/t over 2.9m (36m step-out from DDH24-103: 7.61 g/t over 5.7m)
• DDH25-115: 5.46 g/t over 2.4m, including 8.08 g/t over 1.1m (50m down-dip of DDH24-103; hole extended to 500m to test subparallel structures)
o Intersected mineralized ultramafic at 418.7m downhole, returning 6.60 g/t Au over 2.4m, including 9.38 g/t over 1.6m
• DDH25-114: 1.17 g/t Au over 4.5m, including 3.47 g/t & 4.4% Sb over 0.5m (tested 150m undrilled gap between Lower Crown and Imperial; located 100m from DDH24-103 and 50m from DDH23-065: 8.98 g/t over 9.3m)
Endurance Gold is engaged in the exploration and development of mineral properties in North America and has not yet determined whether its properties contain ore reserves that are economically recoverable. The recoverability of the amounts expended on mineral interests by Co. is dependent upon the existence of economically recoverable reserves, the ability of Co. to obtain necessary financing to complete exploration and development of its mineral properties and upon future profitable production or proceeds from disposition of its mineral interests.
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