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Endurance Completes Airborne Survey and Provides Exploration Update at the Reliance Gold Property in B.C.
VANCOUVER, BC / ACCESSWIRE / July 6, 2020 / Endurance Gold Corporation (TSXV:EDG) (the " C...
About this update from Endurance Gold Corporation
[{"type":"text","content":"Endurance Completes Airborne Survey and Provides Exploration Update at the Reliance Gold Property in B.C.VANCOUVER, BC / ACCESSWIRE / July 6, 2020 / Endurance Gold Corporation (TSXV:EDG) (the \"Company\") is pleased to provide an update on its 2020 exploration program on the Reliance Gold Property (the \"Property\") in southern British Columbia. The Property is located 4 kilometres (\"km\") east of the village of Gold Bridge with year-round road access, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which produced over 4 million ounces of gold. A helicopter supported aeromagnetic geophysical survey was recently completed and results have confirmed a significant magnetic anomaly associated with known gold prospects along the Royal Shear. The Royal Shear is now interpreted to have a strike length of at least 2.5 km.The Royal Shear is a northwest trending steeply dipping thrust fault with an associated shear zone up to 30 metres (\"m\") in width. In areas of known gold mineralization, the hanging wall of the thrust is largely chert and the footwall is dominantly andesitic volcanics that have been sheared and intensely iron-carbonate altered. All of the observed gold prospects on the Royal Shear are hosted within the iron-carbonate altered and silicified footwall over about 700 m of the structural trend.The sting-mounted airborne magnetic survey was flown by Precision GeoSurveys on 100 m spaced lines 40 m above ground level using a Scintrex CS-3 split beam cesium vapor magnetometer. In addition to discovery of a magnetic anomaly associated with the best known gold prospects on the Royal Shear, the resulting airborne magnetics data together with observations from initial field work has extended the interpreted structural trend on the Royal Shear to a total of 2.5 km and also identified four (4) other subparallel lineaments on the property named Steep, Treasure, Camp, and Nemo. Gold mineralization has been identified with the Royal Shear, Treasure, and Camp lineaments. In addition, antimony has been historically identified along the Nemo lineament. Grab samples have been recently collected for gold analysis along several of these additional structures. Summary figures showing the results from the residual magnetic intensity, calculated vertical gradient airborne survey data, location of the interpreted northwest tre...