Endurance Gold Files NI 43-101 Technical Report Describing the Inaugural Mineral Resource Estimate for the Reliance Gold Project
Original announcement by tmx on
- Company
- Endurance Gold Corporation
- Ticker
- EDG
- Exchange
- TSX
- Region
- British Columbia
- Primary commodity
- Gold
- Secondary commodities
- Antimony
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-19 20:02:55 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Endurance Gold has released its inaugural Mineral Resource Estimate for the Reliance Gold Project in British Columbia, totaling 19.6 Mt at 2.30 g/t Au (1.45 Moz Au), all in the Inferred category. The resource is split between a near-surface open pit component (15.6 Mt @ 2.23 g/t Au) and an underground component (4.0 Mt @ 2.58 g/t Au). Initial metallurgy shows promising gold recovery of 84.7% via flotation.
Reasoning: The announcement of an inaugural MRE for the Reliance Gold Project provides a significant baseline for the asset, though the resource remains entirely in the Inferred category.
Positive factors
- Inaugural Mineral Resource Estimate (MRE) established
- Significant gold tonnage and grade reported
- Positive initial metallurgical recovery results
- Clear path to PEA and resource upgrading
Negative factors
- 100% Inferred resource classification (no M&I)
Facts used in scoring: 4
Classification and evidence
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
Why it applies: The document describes an inaugural Mineral Resource Estimate for the Reliance Gold Project.
Evidence · text
“supporting an inaugural Mineral Resource Estimate (" MRE ")”
All Inferrednegative
M&I share below the weak bound — very early stage, no engineering confidence.
Why it applies: The entire resource is classified as Inferred, with no Measured or Indicated components.
Evidence · text
“The Report describes an Inferred MRE of 19.6 million tonnes”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Marc Jutras, P.Eng, M.A.Sc. is named as the independent Qualified Person for the MRE.
Evidence · text
“The Mineral Resource Estimate was prepared by Marc Jutras, P.Eng, M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is part of an NI 43-101 Technical Report.
Evidence · text
“Files NI 43-101 Technical Report Describing the Inaugural Mineral Resource Estimate”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades for both open pit and underground are explicitly stated.
Evidence · text
“base case cut-off grade of 0.30 gpt Au for open pit (Zone OP), and 1.0 gpt Au for underground (Zone UG)”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The report mentions rougher flotation testwork.
Evidence · text
“Initial rougher flotation testwork indicates 84.7% gold recovery”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
inferredReliance Gold Project · goldTonnes: 19600000Grade: 2.3Grade Unit: g/tContained Metal: 1.45Contained Unit: mozView all detailsHide details
Identity
- Project
- Reliance Gold Project
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- EDG
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras
- Resource group id
- resource:7392f6fde433ba5aab32
- Deposit or zone
- Reliance Gold Project
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 19600000
- Grade
- 2.3
- Grade Unit
- g/t
- Contained Metal
- 1.45
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2026-01-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-25T00:00:00.000Z
Reasoning: Total project resource estimate.
Positive factors
- Inaugural resource established
Negative factors
- 100% Inferred
Evidence · text
“Inferred MRE of 19.6 million tonnes (" Mt ") at 2.30 grams per tonne (" gpt ") Au for 1.45 million ounces (" Moz ") gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredReliance Gold Project · goldTonnes: 15600000Grade: 2.23Grade Unit: g/tContained Metal: 1.12Contained Unit: mozView all detailsHide details
Identity
- Project
- Reliance Gold Project
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- EDG
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras
- Resource group id
- resource:535a402823432d590df6
- Deposit or zone
- open pit constrained component
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 15600000
- Grade
- 2.23
- Grade Unit
- g/t
- Contained Metal
- 1.12
- Contained Unit
- moz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-25T00:00:00.000Z
Reasoning: Open pit component of the resource.
Positive factors
- Significant near-surface tonnage
Negative factors
- Inferred category
Evidence · text
“15.6 Mt grading 2.23 gpt Au, for 1.12 Moz contained gold reporting to the open pit”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredReliance Gold Project · goldTonnes: 4000000Grade: 2.58Grade Unit: g/tContained Metal: 0.33Contained Unit: mozView all detailsHide details
Identity
- Project
- Reliance Gold Project
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- EDG
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-08T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc Jutras
- Resource group id
- resource:cd7bbfaaa8b8e4eda38a
- Deposit or zone
- underground inventory
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4000000
- Grade
- 2.58
- Grade Unit
- g/t
- Contained Metal
- 0.33
- Contained Unit
- moz
- Cutoff Grade
- 1
- Cutoff Unit
- gpt Au
Prior Estimate
- Resource Date
- 2026-01-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-25T00:00:00.000Z
Reasoning: Underground component of the resource.
Positive factors
- Higher grade underground component
Negative factors
- Inferred category
Evidence · text
“Underground Inferred Mineral Resource: 4.0 Mt grading 2.58 gpt Au for 0.33 Moz contained gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Metallurgical Results (1)
flotationReliance Gold Project · goldRecovery: 84.7 %View all detailsHide details
Identity
- Project
- Reliance Gold Project
- Commodity
- gold
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- EDG
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- rougher flotation
- Sample
- Initial rougher flotation testwork
Recovery
- Recovery
- 84.7 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-25T00:00:00.000Z
Reasoning: Initial flotation test results.
Positive factors
- Solid initial recovery
Evidence · text
“Initial rougher flotation testwork indicates 84.7% gold recovery to a marketable concentrate”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.