# Endurance Reports Inaugural Mineral Resource Estimate at Reliance, 19.6 Mt at 2.30 gpt Au for 1.45 M oz Gold Inferred Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--9ba55ea1-dc4e-47dd-bcfb-1564d5f0ec6e Original source: https://money.tmx.com/en/quote/EDG/news/4513487514834119/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3 Publisher: tmx Original announcement: 2026-01-19T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Endurance Gold Corporation - Ticker: EDG - Exchange: TSX - Region: British Columbia, Canada - Primary commodity: Gold - Secondary commodities: Antimony - Document categories: Resource update, Metallurgy - Extracted: 2026-09-19 20:35:21 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Endurance Gold Corporation has announced its first Mineral Resource Estimate for the Reliance Gold Project in British Columbia, totaling 19.6 Mt at 2.30 g/t gold \(1.45 Moz Au\), all classified as Inferred. The resource includes a near-surface open pit component and a higher-grade underground component, supported by positive initial flotation metallurgy. Reasoning: The announcement of an inaugural 1.45 Moz gold resource is a major milestone for a grassroots discovery, though the lack of Indicated/Measured categories and the need for further metallurgical optimization on antimony are noted. - Positive factor: Inaugural MRE establishes a significant baseline for the Reliance Project - Positive factor: High-grade underground component \(2.58 gpt Au\) - Positive factor: Positive initial metallurgy indicating marketable concentrate - Positive factor: Infrastructure and road access already in place - Negative factor: 100% Inferred resource status limits immediate economic viability - Negative factor: Antimony presence noted as a potential metallurgical complexity Facts used in scoring: 7 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: 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 company reports an 'inaugural Mineral Resource Estimate' for the Reliance Project. Evidence · text > inaugural Inferred Mineral Resource Estimate \(" MRE "\) **All Inferred** Polarity: negative Definition: M&I share below the weak bound — very early stage, no engineering confidence. Why it applies: The entire reported resource is in the Inferred category. Evidence · text > inaugural Inferred Mineral Resource Estimate **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE was completed in accordance with NI 43-101 standards. Evidence · text > In accordance with the 2014 Canadian Institute of Mining, Metallurgy, and Petroleum \("CIM"\) Definition Standards and Canadian National Instrument 43-101 \("NI 43-101"\) **QP/CP Signed** Polarity: positive Definition: 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 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., a Qualified Person **Cut-off Disclosed** Polarity: positive Definition: 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 \(0.30 gpt Au\) and underground \(1.0 gpt Au\) are clearly 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: Metallurgical testwork utilized a flotation process. Evidence · text > flotation tests using a simple and conventional flotation process were completed **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--9ba55ea1-dc4e-47dd-bcfb-1564d5f0ec6e#fact-resource-facts-2) Reliance Gold Project · gold #### Identity - Project: Reliance Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia, Canada - 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:a4acc6378f10fe0418ce - 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 - Cutoff Grade: 0.3 - Cutoff Unit: gpt Au #### Prior Estimate - Resource Date: 2026-01-08 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: Large maiden resource but lacks geological confidence categories. - Positive factor: Significant scale for an inaugural estimate - Negative factor: Entirely Inferred category Evidence · table > 2.30 Context: 19.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--9ba55ea1-dc4e-47dd-bcfb-1564d5f0ec6e#fact-resource-facts-3) Reliance Gold Project · gold #### Identity - Project: Reliance Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia, Canada - 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:12df1e372e4b0de3b192 - Deposit or zone: Zone OP - Mining method: open\_pit - Material type: oxide - 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: gpt Au #### Prior Estimate - Resource Date: 2026-01-08 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: Standard near-surface component of the resource. - Positive factor: Contributes majority of total ounces - Negative factor: Inferred only 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--9ba55ea1-dc4e-47dd-bcfb-1564d5f0ec6e#fact-resource-facts-4) Reliance Gold Project · gold #### Identity - Project: Reliance Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia, Canada - 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:a4d558c13875a194335a - Deposit or zone: Zone UG - 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: 2026-01-19T00:00:00.000Z Reasoning: High-grade underground component provides depth potential. - Positive factor: Higher grade than surface resource - Negative factor: Inferred only 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--9ba55ea1-dc4e-47dd-bcfb-1564d5f0ec6e#fact-resource-facts-5) Reliance Gold Project · gold #### Identity - Project: Reliance Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia, Canada - 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:2746f57a506fb9bd7c4c - Deposit or zone: Open Pit - Mining method: open\_pit - Material type: oxide - 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: gpt Au #### Prior Estimate - Resource Date: 2026-01-08 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: Standard near-surface component of the resource. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Contributes majority of total ounces - Negative factor: Inferred only Evidence · table > 2.23 Context: 15.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--9ba55ea1-dc4e-47dd-bcfb-1564d5f0ec6e#fact-resource-facts-6) Reliance Gold Project · gold #### Identity - Project: Reliance Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia, Canada - 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:0bff1b170841730f724e - Deposit or zone: Underground - 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: 2026-01-19T00:00:00.000Z Reasoning: High-grade underground component provides depth potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Higher grade than surface resource - Negative factor: Inferred only Evidence · table > 2.58 Context: 4.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: 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 (2) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--9ba55ea1-dc4e-47dd-bcfb-1564d5f0ec6e#fact-metallurgical-facts-0) Reliance Gold Project · gold #### Identity - Project: Reliance Gold Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia, Canada - Ticker: EDG #### Test Work - Program Status: preliminary - Test Type: flotation - Processing Route: flotation - Sample: sulphide mineralization composite #### Recovery - Recovery: 80 % - Recovery Basis: actual\_test - Conc. Grade: 50 - Conc. Grade Unit: gpt #### Lab - Consultant: Chris Martin #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: Initial flotation results are positive but require further optimization for cleaner concentrate and antimony. - Positive factor: Achieved 80% recovery in cleaner flotation - Negative factor: Antimony recovery not yet optimized Evidence · text > Initial cleaner flotation testwork yielded a concentrate grade of 50 gpt gold at 80% gold recovery #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--9ba55ea1-dc4e-47dd-bcfb-1564d5f0ec6e#fact-metallurgical-facts-1) Reliance Gold Project · antimony #### Identity - Project: Reliance Gold Project - Commodity: antimony - Region: canada\_bc - Reported Region: British Columbia, Canada - Ticker: EDG #### Test Work - Program Status: preliminary - Sample: sulphide mineralization composite #### Recovery - Head Grade: 0.24 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-19T00:00:00.000Z Reasoning: Antimony is present but recovery/separation is a future work item. - Negative factor: Antimony separation not yet completed Evidence · text > The sulphide composite for the initial test work assayed 6.74 gpt gold and 0.24% antimony ## 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.