EDG: Announces 2026 Exploration Program; Commencing in May
What you need to know:• EDG announced its 2026 drill program which will commence on May 1st.
• The program will consist of a minimum of 8,000m of diamond drilling, exploratory RC drilling both along the Royal Shear Trend and other drill-ready targets (primarily at the Olympic area), as well as ongoing prospecting and target generation.
• On January 19th, EDG announced an inaugural Inferred resource at its Reliance Project of 1.45Moz at 2.30 g/t Au (1.12Moz open pit).
This morning, Endurance Gold Corp. (EDG:TSXV) announced its 2026 drill program, which is expected to commence on May 1st. This follows EDG’s March 11th announcement of the closing of its $8.3M private placement (more details on page 2). The program consists of a minimum of 8,000m of diamond drilling split across two drill rigs. This year’s program is intended to expand and upgrade the MRE (1.45Moz at 2.30 g/t Au). We are maintaining our BUY rating and target price of $0.90/share on EDG.
The Phase 1 program will focus on improving confidence in near-surface resources by upgrading them from the Inferred to Indicated category, while also expanding the pit-constrained resource and testing for higher-grade mineralization at depth.
Phase 2 will target the Eagle Offset Anomaly, located 500m south of the Eagle Zone, which is interpreted as a structural continuation of the Royal Shear Trend. The target area spans 1,300m x 500m and is defined by a strong geochemical soil anomaly with elevated gold, arsenic and antimony. Early indications are promising, with grab samples in poorly exposed bedrock returning up to 8.16 g/t Au from silicified and altered mafic volcanics. This phase will include trial construction, channel sampling, and RC drilling, and will run concurrently with Phase 1 beginning in June.
Phase 3 will focus on the Olympic area, ~3km east of the Reliance resource, where several high-grade, drill-ready targets have been identified. Notable results include the Enigma prospect (up to 9.66 g/t Au and 11.9% Sb), the Kelvin showing (grab samples up to 25.1 g/t, 17.35 g/t, and 8.49 g/t Au over multiple veins), and the Whisky Jack anomaly, a 1km2 target area with channel samples returning 8.58 g/t Au over 1.6m. Additional results from the historic Leckie-Macgee prospect include grab samples up to 6.26 g/t Au. This phase is expected to begin in August, pending permits, and may involve a fourth drill rig. Ongoing prospecting and target generation across the broader 5,500ha property will continue through the summer.
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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