In accordance with Endurance Gold (TSXV:EDG) CEO Robert Boyd, the corporate’s maiden diamond drilling program at its Reliance gold property in Southern BC was very profitable, with 16 of twenty-two drill holes returning vital gold intersections.
Out of those, 4 drill holes returned gold intersections with very spectacular numbers.
“We accomplished 22 holes. Sixteen of them had intersections in extra of 10 gram meter product — very encouraging intervals — and 4 of these had values exceeding 100 gram meter product,” Boyd stated.
He additionally shared that this implies a possible to develop at depth, and stated the corporate is chasing a high-level orogenic gold system. That is vital because the undertaking is close to the Bralorne-Pioneer mine, which has already produced over 4.2 million ounces of gold.
In a press launch, Boyd stated the drilling program on the Eagle zone signifies near-surface high-grade gold intervals that now considerably increase Reliance’s exploration potential. The unique Imperial zone and up to date discoveries on the Eagle, Eagle South and Diplomat zones display potential for additional development, in response to the CEO.
“Our long-term imaginative and prescient is to in the end uncover a multimillion ounce gold system. Our aim is to discover and discover the boundaries of the system with diamond drilling, after which establish the zones that we will begin dedicating a number of rigs. We purpose to construct what we uncover right into a useful resource stage over the subsequent couple of years, and we have simply introduced a rise in financing to C$3 million.”
Watch the complete interview of Endurance Gold CEO Robert Boyd above.
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