Gold Discovery At Elephant Mountain in Alaska

VANCOUVER, BC – Endurance Gold Corporation reported first assay results from the 2016 drill program on its 100% optioned Elephant Mountain Gold Property (the Property) in Alaska located on roads about 76 miles (123 kilometers) northwest of Fairbanks. As announced on September 27, 2016 three (3) diamond drill holes were completed on the South Zone and one diamond drill hole was completed on the North Zone for a total of 598 meters drilled. Complete assays for the 2016 drilling are still pending however assays results were prioritized for drill holes EL 16-14 A&B which intersected an altered zone with areas of massive stibnite and arsenopyrite at the South Zone Soil Anomaly.

"As the first drill hole to test this unexplained target, we are extremely pleased with a discovery of encouraging average grades that include narrower intercepts exceeding 20 grams per tonne," commented Robert Boyd, President and CEO of Endurance. "The associated wide gold, arsenic, and antimony soil anomaly has a strike length in excess of one kilometer within a Cretaceous-aged intrusive complex similar to those that have yielded other large gold discoveries in Alaska and the Yukon. Despite this encouragement, this discovery has still not explained the width and extent of this soil anomaly, thus excellent exploration potential remains for this South Zone target. We look forward to additional results from this year’s program and an active future for this project."

Weighted average gold results for the mineralized zone in two closely spaced holes are 4.09 grams per tonnes (g/t) gold over 4.6 meters(m) and 3.87 g/t gold over 4.6 m. True width is currently unknown.

The gold mineralization in EL16-14 A&B is related to a five meter wide zone of inter-layered diorite and syenomonzonite associated with pervasive pyrite-arsenopyrite calcite and silica replacement of the diorite layer. A massive stibnite (antimony sulphide) bearing fault fill appears to parallel or sub-parallel a contact between a diorite layer and the syenomonzonite and the associated high grade intercepts of 20.39 g/t and 24.9 g/t gold can be correlated with this contact in both drill holes. The structure that hosts the stibnite is currently interpreted to be a steeply dipping structural zone striking northwest parallel to the eastern margin of the South Zone soil anomaly. 

Drill holes EL 16-14 A&B were drilled from the same setup on the eastern margin of the South Zone soil anomaly and are the same target hole that was re-drilled after EL 16-14A was lost and re-drilled as EL 16-14B. After re-establishing the hole, it was re-drilled past the same target at an interpreted slightly shallower angle. Thus, these two drill intersections are estimated to be less than three meters apart and both show the high grade gold in the same relative location within the 4.6 meter wide gold zone.

The 100% optioned Elephant Mountain Property can be accessed by highway, road and all-terrane vehicle trails from Eureka, an historic and active placer gold mining camp in the Rampart-Manley Hot Springs district of Alaska.