Endurance Gold Corp (EDG:TSX.V; ENDGF:OTCQB; 3EG:Frankfurt) recently released its 2025 exploration plans. Read on to see why Atrium Research rates this company as a Buy.
On March 25, 2025, Atrium Research analysts Ben Pirie and Nicholas Cortellucci maintained a Buy rating and CA$0.50 target price on Endurance Gold Corp (EDG:TSX.V; ENDGF:OTCQB; 3EG:Frankfurt), following the company's announcement of its 2025 exploration plans for the Reliance Gold Project, which include up to 7,000 meters of diamond drilling and preparations for an inaugural mineral resource estimate.
Endurance Gold announced that its 2025 exploration program is expected to commence in early May, notably ahead of its British Columbia peers due to the project's favorable location. The drilling program has three main objectives: expanding new gold zones identified during the 2024 campaign, further testing two new drill discoveries at the Crown Zone, and conducting infill drilling to support the company's inaugural mineral resource estimate.
The first objective focuses on expanding zones discovered in 2024, including testing the up-dip potential of the Lower Imperial Zone, which previously returned intercepts such as 7.18 grams per tonne gold (g/t Au) over 8.3 meters. The company also plans to test for potential stacked mineralized zones below the Imperial Zone and between the Imperial and Lower Imperial Zones. The second objective involves further investigation of the Upper Crown Zone, which yielded 74.29 g/t Au over 2.0 meters in hole DDH24-093, and the Lower Crown Zone, which returned 7.61 g/t Au over 5.7 meters in hole DDH24-103.
Additionally, the company announced the discovery of a new 500-meter-long soil anomaly located approximately 700 meters south of the Eagle Zone and within the current drill permit area. This discovery is significant as it may indicate an offset extension of the Royal Shear Eagle trend or possibly a new subparallel structure with similar geochemical characteristics.
Beyond drilling, Endurance Gold will conduct geochemical surface sampling and prospecting at the Enigma and Olympic areas to derive new targets, continue geological and metallurgical studies, and update its 3D model in preparation for the inaugural mineral resource estimate. The company has also successfully upgraded from the OTC Pink Market to the OTCQB Venture Market, with its common shares now trading under the symbol "ENDGF."
The analysts highlight that the Eagle Zone, which will be a focus of exploration, hosts some of the best drill results across the property, with 40 diamond drill holes over 550 meters of strike yielding a weighted average grade of 4.70 g/t Au and an average drill composite length of 15.7 meters, all within 100 meters of surface.
With the share price at the time of the report of CA$0.13, the CA$0.50 target price represents a potential return of 300%.
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Disclosures for Atrium Research, Endurance Gold Corp., March 25, 2025
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