Endurance Gold Corporation (EDG — TSX.V, “Endurance”) is pleased to report the results of the induced polarization (“IP”) and ground magnetic surveys that were undertaken on the Elephant Property located 76 miles (123 kilometres (“km”)) northwest of Fairbanks within the Rampart-Eureka-Manley Hot Springs placer gold mining district near Eureka, Alaska.
A total of about 43 line-km of IP and 39 line-km of magnetic surveying were completed during the 2017 IP program. The surveys successfully identified four prioritized resistivity and chargeability anomalies that warrant drill testing. Plan maps and sections showing the four IP targets are available here.
The size of the North Zone and Pump Zone chargeability targets combined with the associated wide low-grade gold intersections and gold-in-soil anomalies is evidence of an exploration potential for discovery of a large-tonnage low-grade gold resource at the North Zone, Pump Zone, and Central Zone Targets. Recommended drill testing of these large targets will focus on discovery of the feeder zones and/or oxidized lower grade gold zones which have potential for higher grades or lower grade mineralization with favourable recovery characteristics. At the South Zone Target recommended drill testing will focus on expanding on the 2016 South Zone Discovery drill hole and identifying the source of the near surface chargeability anomaly which may represent a currently unrecognized sulphide bearing shear zone.