Enduro Intersects Gold in All Drill Holes; Sees First Porphyry Mineralization in Drill Core at McLymont - Introduces New Geological Model
Enduro Intersects Gold in All Drill Holes; Sees
First Porphyry Mineralization in Drill Core at
McLymont - Introduces New Geological Model
Kelowna, British Columbia--(Newsfile Corp. - May 13, 2021) -
Enduro Metals Corporation
(TSXV:
ENDR) (
OTCQB:
ENDMF) (
FSE:
SOG)
("
Enduro Metals
" or the "
Company
") is pleased to report
assay results from 4,516m drilled in 17 diamond drill holes completed along the McLymont Fault during
the 2020 exploration program at Newmont Lake. The McLymont Fault is 1 of 4 major systems within the
Company's 638 square kilometre Newmont Lake Project situated in the heart of BC's prolific Golden
Triangle.
Highlights:
All 17 drill holes completed along a 4.5km-long continuum intersected gold mineralization of
varying styles and significance, including 2 types of skarns, intrusion related veins, and hypogene
porphyry mineralization.
NW20-13, the final drill hole of the 2020 exploration program intersected intrusion-hosted
hypogene porphyry mineralization along the McLymont Fault for the first time. This information is
critical to the Company's theory of an undiscovered porphyry camp at Newmont Lake (see Figures
5 & 6).
NW20-10 intersected a 25m wide vein swarm approximately 55m west of the 24m wide vein
swarm discovery in NW20-09 (see October 21
st
, 2020), now referred to as the Troy Veins.
Individual samples in the new vein intersections are as high as 20.30 g/t gold, 11.21 g/t silver, and
1.84% copper over 0.65m at 180.66m downhole.
Metallic screen analysis targeting selective gold mineralization saw up to 70% increases in
individual gold assays, including NW20-03 previously reported as 20.75 g/t Au over 1.00m is now
34.50 g/t Au over 1.00m at 55m downhole.
The Company is fully funded for a follow-up drill program in 2021 set to begin in June/July. More
information on the 2021 exploration program and further interpretations will be available shortly.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6406/83910_9c965f37b4085b3e_002full.jpg
Figure 1:
Simplified geological model of the McLymont area. Note the image is not to scale. NW
Zone, NE Extension, Troy, Lower Gold Zone, and Feeder have all been intersected in drilling. The
porphyry target, lower skarn target, and Goldfish have not been drill-tested.
Highlight drill results from 2020 exploration program include:
28.34m of 10.48 g/t Au, 2.31 g/t Ag, and 0.36% Cu @ 144.12m in Troy Veins.
Including 8.85m of 32.52 g/t Au, 6.54 g/t Ag, and 1.07% Cu @ 160m.
4.85m of 10.35 g/t Au, 15.93 g/t Ag, and 0.73% Cu @ 68m in NW Skarn.
103.30m of 0.90 g/t AuEq @ 15.54m in NW Skarn and Lower Gold Zone.
Including 1.00m of 35.12 g/t AuEq.
138.62m of 0.82 g/t AuEq @ 115.60m in NE Ext. Skarn and Lower Gold Zone.
Including 33.57m of 2.47 g/t AuEq @119.83m in NE Ext. Skarn.
22.23m of 2.20 g/t AuEq @ 18.83m in Ken Zone Skarn.
Including 10.84m of 4.06 g/t AuEq @ 21.64m.
156.12m of 1.89 g/t AuEq @ 6.86m from fully sampled R-07-09 in NW Skarn and Lower Gold
Zone
Including 86.29m of 3.27 g/t AuEq @ 6.86m.
144.00m of 3.30 g/t AuEq (uncut) @ 9.51m from fully sampled R-08-07 in NW Skarn and Lower
Gold Zone.
Including 55.70m of 7.72 g/t AuEq (uncut) @ 20m.
Including 0.49m of 759.40 g/t AuEq @ 25.25m.
Cole Evans, President/CEO of Enduro Metals commented,
"Despite initial setbacks, 2020 was a
transformative year for Enduro Metals, putting the Company in a great position heading into the 2021
exploration season. What is most important is we feel we have a strong understanding of the
geological story at Newmont Lake, allowing us to build off our success from 2020 and narrow our focus
to copper-gold porphyry systems. This is what we feel is the ultimate prize at Newmont Lake, and we
are now well-positioned scientifically to make that push.
Enduro's 2021 exploration program will start next month. More information will be released in the
coming weeks with details on 2021 plans and other geological interpretations/developments. We know
where we need to go, what we need to do, and we have the money to do it. I am very much looking
forward to getting in the field and making it happen."
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6406/83910_9c965f37b4085b3e_003full.jpg
Figure 2:
Stereoscopic image of fine-grained gold observed in the Lower Gold Zone approximately
100m below the NW Zone and NE Extension skarns. The Lower Gold Zone is hypothesized to be the
top/side of a larger porphyry system (see Figure 1).
Drill Results:
Hole ID:
From (m)
To (m)
Interval
(m)
Gold (g/t)
Silver (g/t)
Copper
(%)
AuEq (g/t)
NW20-01
30.20
176.50
146.30
0.50
0.97
0.07
0.61
68.15
73.00
4.85
10.35
15.93
0.73
11.52
70.28
73.00
2.72
17.15
26.19
1.18
19.05
NW20-02
8.39
54.80
46.41
0.36
2.68
0.07
0.49
15.00
15.50
0.50
13.85
27.89
1.21
15.81
NW20-03
15.54
198.06
182.52
0.53
1.06
0.04
0.60
Met. Screen
15.54
198.06
182.52
0.61
1.06
0.04
0.68
15.54
118.84
103.30
0.70
0.76
0.04
0.76
Met. Screen
15.54
118.84
103.30
0.84
0.76
0.04
0.90
55.07
56.07
1.00
20.75
4.34
0.46
21.42
Met. Screen
55.07
56.07
1.00
34.50
4.34
0.46
35.17
NW20-04
43.80
276.70
232.90
0.46
1.63
0.05
0.55
115.60
254.22
138.62
0.70
1.21
0.08
0.82
119.83
153.40
33.57
2.10
4.05
0.24
2.47
119.83
120.33
0.50
54.59
135.00
1.18
57.78
NW20-05
77.20
78.20
1.00
2.25
3.43
0.03
2.33
110.20
110.70
0.50
2.14
1.97
0.08
2.27
238.00
239.00
1.00
2.69
1.85
-
2.71
NW20-06
128.54
275.00
146.46
0.21
0.56
0.04
0.27
222.61
223.51
0.90
10.35
2.00
0.04
10.41
NW20-07
187.80
190.12
2.32
3.21
11.27
0.12
3.50
247.00
248.58
1.58
2.12
3.13
0.10
3.29
NW20-08
236.18
237.00
0.82
6.80
1.53
0.33
7.26
NW20-09
144.12
172.46
28.34
10.03
2.31
0.36
10.54
Met. Screen
144.12
172.46
28.34
10.48
2.31
0.36
10.99
159.88
168.73
8.85
31.09
6.54
1.07
32.61
Met. Screen
159.88
168.73
8.85
32.52
6.54
1.07
34.04
162.45
163.04
0.59
225.30
25.81
4.90
232.20
Met. Screen
162.45
163.04
0.59
231.9
25.81
4.90
233.65
NW20-10
156.87
270.00
113.13
0.53
0.35
0.05
0.60
156.87
181.31
24.44
1.84
0.73
0.11
2.00
156.87
157.80
0.93
10.07
1.98
0.02
10.12
176.52
177.55
1.03
7.94
1.75
0.36
8.45
180.66
181.31
0.65
20.30
11.21
1.84
22.91
NW20-11
236.52
289.03
52.51
0.21
0.33
0.01
0.23
NW20-12
270.74
289.41
18.67
0.33
0.45
0.01
0.35
NW20-13
440.03
473.40
33.37
0.39
-
-
0.39
KZ20-01
18.83
41.06
22.23
1.42
5.89
0.52
2.20
21.64
32.48
10.84
2.64
11.06
0.96
4.06
KZ20-02
23.45
114.25
90.80
0.32
0.40
0.05
0.33
23.45
33.45
10.00
0.82
0.92
0.27
1.19
93.55
114.25
20.70
0.88
0.50
0.03
0.93
KZ20-03
23.22
44.38
21.16
0.85
0.38
0.22
1.15
24.52
35.78
11.26
1.48
0.57
0.39
2.01
KZ20-04
32.59
33.27
0.68
1.64
0.35
0.81
2.73
Channel
2.00
12.00
10.00
0.98
-
-
-
2.00
4.00
2.00
2.40
-
-
-
10.00
12.00
2.00
1.20
-
-
-
R-07-09
6.86
165.40
156.12
1.72
2.60
0.10
1.89
Complete
6.86
93.15
86.29
3.00
4.53
0.16
3.27
Sampling
15.24
16.76
1.52
29.60
11.40
0.36
30.22
26.61
28.96
2.35
27.28
9.95
0.46
28.02
R-08-07
9.51
153.51
144.00
3.18
3.66
0.06
3.30
Complete
20.01
75.71
55.70
7.51
8.82
0.08
7.72
Sampling
25.25
25.69
0.44
753.00
460.00
0.69
759.40
75.71
153.51
78.91
0.49
0.32
0.04
0.55
Table 1:
Drilling results from all 17 drill holes completed in the McLymont Fault area listed in
numerical order.
Metal prices used in AuEq calculations are as follows: Gold $1650/oz, Silver $19.50/oz, Copper
$3.25/lb. The AuEq formula used for calculations is: AuEq g/t = (Au ppm * 100%) + (((Ag ppm * 0.63) *
100%) / 53.21) + (((Cu ppm * 0.007165029) * 100%) / 53.21) True widths are unknown as the
mineralized body remains open and requires further drilling. Recoveries are assumed to be 100% for
the purposes of equivalent calculations.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6406/83910_9c965f37b4085b3e_004full.jpg
Figure 3:
Plan view map of drilling along the McLymont Fault. Note most historic drilling was
completed between 1987-1990 by a previous operator.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6406/83910_9c965f37b4085b3e_005full.jpg
Figure 4:
Plan view map of drilling and mapping in the Ken-Glacier area.