By Shane Lasley
Gold, antimony cut in first Elephant Mountain hole
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Last updated 2/3/2018 at 8:52pm
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
Over his more than 15 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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