Mining News: News Nuggets: Endurance plans to drill five holes at Elephant Mountain gold property

Endurance Gold Corp. June 15 posted its 2016 exploration plans for the Elephant Mountain gold property located near Eureka in the Rampart-Manley Hot Springs area of Interior Alaska. Three targets are being prioritized for drilling within a 1,800- by 600-meters intrusive-hosted gold target. South Zone, the highest priority drill target, has very few outcrop exposures but has yielded the highest gold values in rock samples from the property. Surface grab rock samples from South Zone include: 12.98 grams per metric ton, 5.21 g/t, 4.44 g/t, 3.02 g/t, and 2.59 g/t gold associated with iron oxide stained and altered granitic rocks. In 1991, Placer Dome collected a grab sample from the South Zone target that assayed 12 ounces per ton gold (411.4 g/t gold). Sampling by Endurance in 2015 confirmed a continuous 1,000-meter-long soil anomaly exceeding 100 parts per billion gold with peak values up to 320 ppb gold. The interpreted source area of the anomaly remains untested by drilling. Three drill holes are currently planned for this target. The North Zone target is a 1,200- by 500-meter gold-arsenic soil anomaly with peak values of up to 1,540 ppb gold. In 1992, Placer Dome drilled eight holes at North Zone, the best of which averaged 0.514 g/t gold over 99.4 meters and bottomed in mineralization. Endurance has collected seven grab samples within North Zone, which returned gold values of between 1.01 g/t and 1.92 g/t gold. One drill hole is planned in the North Zone target. The Central Zone Target, an area of no outcrop, is interpreted to be an area of altered intrusive. Endurance reports that an induced polarization survey completed by Placer Dome identified a 1,500- by 500-meter chargeable anomaly between the North and South Zones. This geophysical target was never been tested with diamond drilling, and remains unexplained. One hole is planned in the Central Zone target to test the source of the geophysical response. Located 76 miles northwest of Fairbanks, Elephant Mountain can be accessed by highway, road and all-terrane vehicle trails from Eureka, an historic and active placer gold mining camp.

-Shane Lasley

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