Report

EDG: Concludes 2025 Drill Campaign - Leads to Inaugural MRE

What you need to know:
• EDG reported six drill results from the Crown Zone at Reliance, expanding both the Lower and Upper Crown discoveries along the Royal Shear.
• Highlights included 14.03 g/t Au & 1.46% Sb over 5.2m and 6.10 g/t Au & 0.22% Sb over 10.0m.
• Today’s results conclude the 2025 drill program, totalling 6,864m of diamond drilling across 20 holes.
• The drill database now consists of 11,986 samples collected from 35,127m of diamond drilling, 6,045m of RC drilling and 1,512m of surface sampling.
• The inaugural MRE is planned to be completed by year-end or in January.

This morning, Endurance Gold Corp. (EDG:TSXV) released six drill results from the Crown Zone at its 100%-owned Reliance Gold Project in British Columbia, extending both the Lower and Upper Crown discoveries along the Royal Shear Trend. The latest results continue to deliver strong grades, led by 14.03 g/t Au and 1.46% Sb over 5.2m in hole DDH25-122A and 6.10 g/t Au and 0.22% Sb over 10.0m in DDH25-125. Drilling at the Upper Crown Zone returned 10.08 g/t Au over 3.8m and 1.83 g/t Au over 7.3m, highlighting the zone’s open-ended potential. We are maintaining our BUY rating and target price of $0.50/share on EDG.

Highlights from today’s release:
• DDH25-122A: 14.03 g/t Au & 1.46% Sb over 5.2m, intersecting the Royal Shear structure between the Lower Crown and Imperial Zones (30m along strike from DDH25-113 and 85m southeast of the Imperial Zone.
• DDH25-125: 6.10 g/t Au & 0.22% Sb over 10.0m in the Royal Shear, 50m up-dip from Lower Crown discovery hole (7.61 g/t Au & 0.75% Sb over 5.7m).
• DDH25-123: 10.08 g/t Au over 3.8m, including 17.38 g/t Au over 1.8m, extending the Upper Crown Zone along strike from the 2024 discovery hole.
• DDH25-124: 1.83 g/t Au over 7.3m, including 5.87 g/t Au over 1.3m, confirming gold continuity across 110m strike length in the Upper Crown.

The 2025 drill program totalled 6,864m across 20 holes, with all assay results now received. The steady flow of strong drill results (see our prior notes here) continues to validate the scale and continuity of the Royal Shear system, reinforcing the Crown Zone’s importance as a key area within the Reliance Project. These results will feed directly into the upcoming resource estimate, expected by year-end or early in the new year.
Underlyings
Endurance Gold

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.

Endurance Gold Corporation

Endurance Gold Corporation

Provider
Atrium Research Corporation
Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists. 

Analysts
Ben Pirie

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