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Endurance Reports Drill Discoveries at the Crown Zone - 147.5 gpt Gold over 1.0 Metre and 7.61 gpt Gold over 5.7 Metres
Crown HoldingsCrown Holdings(US:CCK) Newsfileยท2024-11-19 12:10

Core Insights - Endurance Gold Corporation announced significant assay results from five diamond drill holes at the Crown Zone, part of the Reliance Gold Project, indicating high-grade gold mineralization [1][2][5]. Group 1: Drill Results - The Upper Crown Discovery (DDH24-093) returned 147.5 grams per tonne (gpt) gold over 1.0 metre, with an additional 74.29 gpt gold over 2.0 metres from a quartz-sulphide vein [2][3]. - The Lower Crown Discovery (DDH24-103) reported 7.61 gpt gold over 5.7 metres and 49.10 gpt gold over 0.3 metres from a quartz-calcite vein [2][3]. - A total of 26 drill holes have been completed, totaling 7,303 metres drilled during the 2024 season, demonstrating the potential for gold mineralization between the Eagle and Imperial Zones [1][6]. Group 2: Geological Insights - The gold mineralization in the Upper Crown Zone is associated with altered mafic volcanic hosted quartz veins and quartz-arsenopyrite breccia, while the Lower Crown intersection is hosted in siltstone, expanding exploration possibilities [3][5]. - The drilling program has successfully demonstrated a continuous alteration and deformation zone with significant gold between the Eagle and Imperial zones [5][6]. Group 3: Future Potential - The assay results from 2021 to 2024 indicate a significant gold system potential with a 1.5 km strike length and 700 m vertical extent, suggesting excellent potential for further growth [6][5]. - The company is focused on the acquisition, exploration, and development of highly prospective North American mineral properties, aiming to develop world-class deposits [7].