Endurance Gold Files NI 43-101 Technical Report Describing the Inaugural Mineral Resource Estimate for the Reliance Gold Project
Endurance Gold formalizes 1.45 million ounce foundation at Reliance as focus shifts to resource expansion and PEA-level engineering
The most recent news (February 25, 2026) confirms the filing of the NI 43-101 Technical Report for the inaugural Mineral Resource Estimate (MRE) at the Reliance Gold Project. This follows the initial announcement on January 19, 2026. The report details an Inferred resource of 1.45 million ounces of gold (19.6 Mt at 2.30 g/t Au). Crucially, the resource is split between a near-surface open-pit component (1.12 Moz at 2.23 g/t) and an underground component (0.33 Moz at 2.58 g/t). The company has also announced an $8 million private placement (February 19, 2026) to fund a 10,000m drill program aimed at upgrading and expanding this resource.
The news is Routine - Positive. While the 1.45 Moz MRE is a significant milestone, the filing of the technical report is a regulatory requirement that confirms the data previously released in January. - De-risking: The project has moved from "exploration discovery" to "defined resource," significantly de-risking the asset. - Economic Potential: The high proportion of open-pit constrained ounces (77% of the total) suggests a lower-cost development path, which is a material positive for future economic studies (PEA). - Growth: The discovery cost of C$9/oz is exceptionally low, and recent geochemical results (January 21, 2026) showing anomalies like "Eagle Offset" (1,300m x 500m) suggest the 1.45 Moz is a floor rather than a ceiling. - Financing: The $8M raise is necessary but dilutive. However, the "Hard Dollar" units are priced at $0.65, which is near the current market price, indicating strong institutional/insider support.
Endurance Gold is focused on the Reliance Gold Project in southern BC, located 4km east of Gold Bridge and 10km north of the historic Bralorne-Pioneer camp (+4Moz production). The project is an "epizonal orogenic" system. The flagship project is now 100% owned following the acceleration of the Olympic property option in late 2024.