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Endurance Gold is Growing a 1.45 Moz Gold-Antimony Deposit

CEO.CA Jul 22, 2026 10:11

Summary

Endurance Gold's inaugural 1.45 million ounce inferred resource at its Reliance project in southern British Columbia stays open on trend and depth.

Two rigs are working the 1.5 km trend on 50-metre step-outs, with a 70% hit rate underpinning plans to upgrade inferred ounces.

Metallurgical testing will show whether antimony yields a marketable product or a smelter credit, adding value beyond the gold-only resource.

Soils at the 1.3 km Eagle Offset target, 500 metres south, show a gold anomaly; a third rig is planned for early September drilling.

Road access and nearby grid power keep drilling costs low, with discovery spending at roughly C$9 per ounce of gold found to date.

Key points on Endurance Gold Corp

  • Boyd frames the next leg of the story as growth rather than de-risking: two rigs are working 50-metre step-outs from known mineralization and into undrilled gaps along the roughly 1.5 km Reliance trend, on a hit rate he puts at about 70%, with further potential sitting in three kilometre-scale geochemical targets that have never been drilled.
  • The base is the inaugural 1.45 million ounce inferred gold resource, delivered from about 127 holes and 32 km of drilling by year-end 2025 on a property of roughly 5,500 hectares; Boyd stresses it is strictly a gold-only resource, was published with both a pit-constrained and an underground portion, and remains open along trend and at depth.
  • Antimony is upside not yet carried in those numbers: he says metallurgical test work this year is aimed at whether the antimony can be recovered into a marketable product or a credit, while antimony in the soils is his marker for the higher-level core of an orogenic system in a camp whose neighbouring historic producer, about 10 km away and now back in production, has produced over 4 million ounces.
  • The Eagle Offset target, starting about 500 m south of the current MRE, is a 1.3 km geochemical target with soil samples up to 5 grams per tonne gold and an antimony signature; road trails and drill pads are going in now so a third rig can be dedicated to it, with a drill program he expects to start around early September.
  • Money and access underpin that plan: he says the company started the year with roughly $2.5 million of working capital, completed an $8 million financing in early March and added about 3 million more through option and warrant exercises, and he points to year-round road access about a four-hour summer drive north of Vancouver, nearby hydro power, and a discovery cost of about C$9 per ounce of gold found to date with no helicopter support.

Robert T. Boyd's takeaways

  • Top takeaway Boyd's central argument is that drilling should buy ounces rather than category labels: given a hit rate of roughly 70% he is comfortable deferring the inferred-to-better-category conversion until feasibility-type work, and is instead spending the current two rigs on step-outs, along-trend extension and depth on the existing MRE.
  • He leans on discovery economics as a strategic point, arguing the roughly C$9 per ounce of gold discovered to date reflects low-cost, road-based drilling without helicopter support in a power-accessible part of southern British Columbia.
  • His antimony thesis is deliberately two-sided: geologically, antimony is the geochemical signature of the higher-level part of an orogenic gold system, and commercially he is testing this year whether it can be sold as its own product or earn a credit alongside the gold.
  • On the Eagle Offset he is committing ahead of results, building road trails and drill pads now so a third rig can be dedicated to a target that has not yet been drilled, with a program he expects to begin around early September once sampling and turnaround work is done.
  • On district scale he argues the camp is large and largely untested by his own team, citing the neighbouring historical producer back in production after more than 4 million ounces and breccia-hosted mineralization that differs from the district's traditional crack-and-seal veins, implying more ground east and southeast is worth working.