EDG: Drill Results Continue to Roll In; Strong Antimony Intersection
What you need to know:• This morning, EDG announced assay results for four drill holes at its Reliance Gold Project as part of its 2025 exploration campaign.
• Today’s highlight hole returned 5.63 g/t Au and 5.12% Sb over 3.3m, representing the best antimony grade over width intersection to date.
• At current antimony prices, this intercept adds about 10 g/t AuEq (gold equivalent) to the 5.63 g/t gold intercept.
• EDG previously announced that it raised $1.92M in cash through the sale of non-core equity investments in three junior exploration companies.
This morning, Endurance Gold Corp. (EDG:TSXV) announced assay results from four additional holes at its Reliance Gold Project. All holes intersected strong gold mineralization in the Royal Shear contact, with one hole returning the best gold-antimony intercepts to date (from a grade over width perspective). The highlight drill hole returned 5.63 g/t Au and 5.12% Sb over 3.3m. To add perspective, at current antimony prices, this 5.12% would add ~10 g/t AuEq to the 5.63 g/t gold intercept, highlighting the significance of the antimony presence. We are maintaining our BUY rating and target price of $0.50/share on EDG.
Highlights from today’s release (Figure 1):
• DDH25-110: 2.34 g/t Au & 0.07% Sb over 14.1m (301m downhole)
• DDH25-111: 2.22 g/t Au & 0.18% Sb over 17.5m (171m downhole)
• DDH25-113: 5.63 g/t Au & 5.12% Sb over 3.3m (225m downhole), including 10.15 g/t Au & 1.65% Sb over 0.8m
and 11.21 g/t Au & 0.01% Sb over 3.0m (253m downhole)
and 11.35 g/t Au & 0.65% Sb over 0.6m (270m downhole)
Today’s results were successful in testing the Crown Gap, which is now showing potential for a wider shallow plunging portion of the Royal Shear mineralized trend. This trend is continuous between Imperial and the Lower Crown target areas, which remain open to expansion down plunge (Figure 2). Nine of fourteen drill holes from the Crown Gap to date have returned significant gold and antimony mineralization, and drilling will continue to test this area in the future.
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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