New Structure Identified During Diamond Drilling At Reliance Property

VANCOUVER - Endurance Gold Corporation reported on diamond drill results from the Eagle area on its Reliance Gold Property in southern British Columbia. The road accessible property is located 4 kilometers (km) east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.

Assay results for the first two (2) diamond drill holes completed to test the Eagle 020 Target, a potential steep feeder structure for the shallow dipping Eagle Zone. Drill holes DDH22-023 and DDH22-024 intersected near-surface gold mineralization immediately on collaring in recoverable bedrock, locating a previously unrecognized gold mineralized structure that parallels the 020 Target.

Highlights of the drilling results include: Near-surface drill intersections of 8.41 grams per tonne ("gpt") gold over 12.0 meters ("m"), including 11.85 gpt gold over 7.7 m; and 3.86 gpt gold over 9.0 m, including 6.04 gpt Au over 4.5 m, commencing at 27 m and 51 m downhole depths, respectively. These gold intersections are immediately below the Royal Shear regional scale fault zone and are not exposed at surface; and In addition, deeper drill intersections in these same two holes on trend with the 020 Target returned 8.43 gpt gold over 3.9 m, 5.99 gpt gold over 4.2 m, and 9.57 gpt gold over 1.6 m, extending the 020 Target strike length.

"Drilling at the Eagle area continues to deliver unexpected and encouraging surprises," said, Robert T. Boyd, CEO. "These new wide intersections are located in the same structural setting as the steeper dipping Imperial Zone located over 750 meters northwest in the footwall of the Royal Shear Fault."

The Company has completed 1,950 m of the proposed 8,000 m diamond drill program. The location of the initial nine (9) diamond drill holes in the 020 Target area.  Assays are pending for seven (7) of the completed holes. The complete tabulation of RC drilling and the 2021 diamond drill results are summarized on the Company website.

A total of 459 diamond drill core samples have been submitted to the ALS Global laboratory for gold assay and multi-element ICP analysis. Core logging and sampling is progressing well, and samples continue to be submitted to the assay laboratory on a bi-weekly basis. Assay results will continue to be reported when received.

Gold intersections and surface exposures in the Reliance Property are associated with intense iron-carbonate and sericite alteration, within structurally deformed quartz-rich cataclastite breccia and brecciated vein sequences related to the Royal Shear. Gold mineralization is directly related to varying amounts of arsenopyrite, stibnite and pyrite as sulphide replacement and multigenerational breccias often with associated pervasive silicification, quartz stockwork and/or quartz breccia infill. Reliance is interpreted to represent a shallow-level (Epizonal) Orogenic gold system.