Mining News: News Nuggets: Endurance prepares to drill Elephant Mountain

Endurance Gold Corp. Sept. 6 said a drill has been mobilized to begin a five-hole drill program at its optioned Elephant Mountain gold property in the Rampart-Manley Hot Springs area of Interior Alaska. In keeping with exploration plans announced in June, three targets within a 1,800- by 600-meters intrusive-hosted gold target have been prioritized for drilling. 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. North Zone target is a 1,200- by 500-meter gold-arsenic soil anomaly with peak values of up to 1,540 ppb gold. Central Zone, an area with no outcrop, is interpreted to be an area of altered intrusive. 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