Mining News: News Nuggets: Gold, antimony cut in first Elephant Mountain hole

Endurance Gold Corp. Oct. 31 reported gold intercepts in the first hole of the 2016 drill program at its Elephant Mountain gold property about 76 miles northwest of Fairbanks, Alaska. This hole, EL 16-14, was drilled on the eastern margin of the South zone soil anomaly at Elephant Mountain. Hole EL 16-14A cut 4.6 meters averaging 4.09 grams per metric ton gold from a depth of 18.3 meters. This hole was lost and re-drilled at slightly shallower angle as EL 16-14B, which cut 4.6 meters of 3.87 g/t gold. These intercepts, which were about three meters apart, included areas of massive stibnite, an antimony sulfide, and arsenopyrite, an iron arsenic sulfide. "The associated wide gold, arsenic, and antimony soil anomaly has a strike length in excess of one kilometer within a Cretaceous-aged intrusive complex similar to those that have yielded other large gold discoveries in Alaska and the Yukon,” said Endurance President and CEO Robert Boyd. “Despite this encouragement, this discovery has still not explained the width and extent of this soil anomaly, thus excellent exploration potential remains for this South zone target." Results from two additional holes drilled in the South zone and one completed at North zone are pending.

-Shane Lasley