Earlier this month, Endurance Gold (EDG.V) confirmed its application for a multi-year area based permit on the Reliance gold project in British Columbia was approved. The new permit allows the company to be more flexible with its drill plans for the next five years (the permit expires in 2028) as it allows Endurance’s plans to complete a few additional kilometers of drill trail construction and to prepare more drill sites along the currently known two kilometer long trend.
The newly approved permit should help the company to further expand its diamond drill program on the project and Endurance isn’t wasting any time to do so as it is gearing up for a drill program for up to 15,000 meters this year. That would be higher than the exploration program in 2022 when the company completed about 10,700 meters of drilling in 71 holes (38 diamond holes for a total of 8,274 meters and 33 RC holes for a total of 2,455 meters). The 2023 drill program will start in the untested areas northwest of the Diplomat Zone where the company intersected 4.7 meters of 16.47 g/t gold in 2021. The mineralization in that area remains open along strike and to depth, making it a prime exploration target. The company will also complete some drilling in the 500 meter gap between the Imperial and Eagle zones. As drilling has now started, we hope to see initial assay results by the end of June.
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