# 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-staging.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--d5ad126e-302c-443d-bdd0-c44dca2ce222

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

- Primary commodity: Gold

- Secondary commodities: Antimony

- Document categories: Resource update, Metallurgy

- Extracted: 2026-08-24 07:26:26 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Endurance Gold has announced its first Mineral Resource Estimate for the Reliance Gold Project, totaling 19.6 million tonnes at 2.30 g/t gold \(1.45 Moz\). The resource is entirely in the Inferred category, with a significant near-surface open pit component and a deeper underground component.

Reasoning: The announcement of an inaugural 1.45 Moz gold resource is a major milestone, though the lack of Indicated/Measured material means it is purely exploratory in nature.

- Positive factor: Inaugural resource estimate establishes baseline

- Positive factor: Significant gold tonnage \(19.6 Mt\)

- Positive factor: Positive metallurgical testwork results

- Positive factor: Near-surface component provides low-cost entry

- Negative factor: 100% Inferred category limits economic confidence

- Negative factor: High geological uncertainty typical of maiden estimates

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 4

## Classification and evidence

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The company reports an 'inaugural' Mineral Resource Estimate.

Evidence · text

> Endurance Reports Inaugural Mineral Resource Estimate

**All Inferred**

Polarity: negative

Definition: 100% of resource is Inferred category — very early stage, no engineering confidence.

Why it applies: The entire 19.6 Mt resource is classified as Inferred.

Evidence · text

> inaugural Inferred Mineral Resource Estimate \(" MRE "\) of 19.6 million tonnes

**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

**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 \("NI 43-101"\)

**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 stated.

Evidence · text

> Mineral Resources are estimated at a base case cut-off grade of 0.30 gpt Au for open pit \(Zone OP\), and 1.0 gpt Au for underground \(Zone UG\)

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Resource Estimates (4)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--d5ad126e-302c-443d-bdd0-c44dca2ce222#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: EDG

#### Resource Data

- Category: inferred
- Tonnes: 19600000
- Grade: 2.3
- Grade Unit: gpt
- Contained Metal: 1450000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-19T00:00:00.000Z

Reasoning: Inaugural resource of 1.45 Moz gold.

- Positive factor: Large scale inaugural resource

- Negative factor: Entirely Inferred

Evidence · text

> inaugural Inferred Mineral Resource Estimate \(" MRE "\) of 19.6 million tonnes \(" Mt "\) at 2.30 grams per tonne \(" gpt "\) Au for 1.45 million ounces \(" Moz "\) gold

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--d5ad126e-302c-443d-bdd0-c44dca2ce222#fact-resource-facts-1)

gold

#### Identity

- Commodity: gold
- Ticker: EDG

#### Resource Data

- Category: inferred
- Tonnes: 15600000
- Grade: 2.23
- Grade Unit: gpt
- Contained Metal: 1120000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-19T00:00:00.000Z

Reasoning: Near-surface open pit portion of the resource.

- Positive factor: Near-surface component

Evidence · text

> Near-Surface Inferred Mineral Resource: 15.6 Mt grading 2.23 gpt Au, for 1.12 Moz contained gold reporting to the open pit.

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--d5ad126e-302c-443d-bdd0-c44dca2ce222#fact-resource-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: EDG

#### Resource Data

- Category: inferred
- Tonnes: 4000000
- Grade: 2.58
- Grade Unit: gpt
- Contained Metal: 330000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-19T00:00:00.000Z

Reasoning: Underground portion of the resource.

- Positive factor: Higher grade underground component

Evidence · text

> Underground Inferred Mineral Resource: 4.0 Mt grading 2.58 gpt Au for 0.33 Moz contained gold.

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/endurance-reports-inaugural-mineral-resource-estimate-at-reliance-19-6-mt-at-2-3--d5ad126e-302c-443d-bdd0-c44dca2ce222#fact-resource-facts-3)

gold

#### Identity

- Commodity: gold
- Ticker: EDG

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-01-19T00:00:00.000Z

Reasoning: Initial flotation testwork on sulphide composite.

- Positive factor: Recovery above 80% threshold

- Negative factor: Recovery based on higher grade composite than resource average

Evidence · text

> The sulphide composite for the initial test work assayed 6.74 gpt gold... Metallurgy gold recovery to concentrate estimated at 81%.

## 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.