Endurance Gold has commenced its summer exploration program with the planned completion of a trenching, geological mapping and additional rock and soil sampling on several targets at the Trout and Wolverine Properties, two of the properties in the Elephant Mountain Gold Project.
Image: A gold mineral. Photo: courtesy of carlos aguilar/Freeimages.com.
The southeast end of the Elephant Mountain Gold Project area can be accessed by the all-weather Elliott Highway about 76 miles (123 km) northwest of Fairbanks within the Rampart-Eureka-Manley Hot Springs placer gold mining district near Eureka, Alaska.
The northwest end of the project is accessible by historic gold rush trails into the Quail Creek placer gold camp.
The three properties that form the Elephant Mountain Project control at least six (6) kilometre-scale gold targets associated with a Cretaceous aged intrusive complex and associated alteration that extends over a strike length of about twelve (12) kilometres (“km”).
Five (5) of these km-scale gold targets are associated with gold in soil (greater than 100 parts per billion (“ppb”) gold) and rock grab samples up to 11.98 grams per tonne (“gpt”) gold.
The 2018 trenching will be conducted on the Trout Target located 12 km northeast of the North Zone Discovery (0.4 gpt gold over 147.1 metres intersected in drilling). The Trout Target area is drained by the placer gold bearing South Fork Quail and Bonanza Creeks, tributaries of Quail Creek.
Within a one kilometer long +100 ppb gold in soil anomaly at the Trout Target, detailed power auger soil sampling has successfully defined a continuous area mapped as a deeply weathered oxidized intrusive-hosted shear zone in which gold in soil values exceed 200 ppb gold over 175 metres of strike and 25 to 50 metres width.
Within this +200 ppb gold contour, over twenty five percent of the auger soil samples exceed 800 ppb gold, with peak values of 2,330 ppb, 2,190 ppb, 1,860 ppb and 1,000 ppb gold.
Endurance president and CEO Robert Boyd said: “We are pleased to start exploration at the Elephant Mountain Project with a detailed evaluation of the Trout Target with trenching.
“This target has never been drilled and the gold-enriched soils over significant width at the Trout Target have potential to return encouraging gold grades over width in the bedrock.”
In addition, additional work will be completed at Wolverine to expand and define the extent of visible gold bearing quartz vein stockwork and evaluate several other targets identified with earlier initial sampling.
Source: Company Press Release