Endurance Gold (EDG.V) plans to kick off its 2025 exploration program on its flagship Reliance Gold project in May of this year. The company expects to complete up to 7,000 meters of diamond drilling on the Royal Shear trend, and this will include the drill-testing the extensions of the newer discoveries that were made last year, while a portion of the drill program will be directed towards infill drilling with the ultimate goal to release a resource calculation by the end of this year. Endurance Gold nicely summarized the three main objectives for the 2025 exploration campaign in the image below.
Last year, the company’s field teams also discovered a new 500 meter long anomaly located within the area that’s currently covered by the drill permit. This year’s sampling and prospecting activities on that new zone will aim to establish whether or not this could be an offset extension of the Royal Shear Eagle trend.
At the end of September, Endurance Gold had C$3.8M in cash, so the company should be well-funded to cover this year’s exploration program but the company will likely publish its year-end financial statements in the near future.
Disclosure: The author has a small long position in Endurance Gold. Please read the disclaimer.
