Enduro Metals Commences 2022 Exploration Program
Enduro Metals Commences 2022 Exploration
Program
Kelowna, British Columbia--(Newsfile Corp. - July 25, 2022) -
Enduro Metals Corporation
(TSXV:
ENDR) (
OTCQB:
ENDMF) (FSE:
SOG
)
("
Enduro Metals
" or the "
Company
") is pleased to announce
that it has commenced its fully-funded 2022 exploration program at its Newmont Lake Project in British
Columbia's Golden Triangle.
The primary objective of the 2022 exploration program will be to expand the mineralised footprint of the
alkalic porphyry system discovered at Burgundy Ridge during 2021 (331m of 0.71% CuEq discovery
hole - see October 18
th
, 2021 news release).
The secondary objective will be to follow up on the
geochemical sampling program at McLymont Fault and extend the potential mineralised footprint from
700m to 5,500m (see July 11
th
, 2022 new release).
VIDEO: Watch Enduro's Chief Operating Officer Dylan Hunko on Enduro Commencing its 2022
Drilling Season
To view an enhanced version of this graphic, please visit:
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Burgundy Ridge Project
A two-rig diamond drill program has commenced to test the extent of copper and gold mineralization
along a 1,200m strike length. Multiple drill locations are currently being prepared, with the first drill rig
having commenced operations, and a second rig due to start imminently.
The program has been designed to zone in on the centre of the porphyry system which is believed to lie
to the north east of the discovery hole and test approximately 1,200m of the 2,700m system. Drilling is
designed to test mineralization significantly deeper than previously drilled at Burgundy Ridge, given
porphyries form as vertically oriented deposits up to kilometres in vertical and horizontal scale.
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Figure 1: Plan view and cross section views illustrating proposed 2022 drilling locations planned to
test up to 1,200m of strike length from discovery drill hole BRDDH21-01 which intersected 331m of
0.71% CuEq starting at surface (see October 18
th
, 2021 news release).
To view an enhanced version of this graphic, please visit:
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McLymont Fault
At the McLymont Fault project, a detailed exploration program is being finalized to follow up on 2021's
geochemical soil sampling program.
It is currently expected that one of the two rigs currently drilling at Burgundy Ridge will move to test the
newly identified zone and follow up on drill hole GSC88-1 drilled in 1988 which interested 73.40g/t Au,
12.5g/t Ag and 0.13% Cu over 0.60m.
If successful, this would increase the footprint of the McLymont Fault mineralised system to 5,500m,
comparable to the very large bulk-tonnage style gold deposits neighbouring the Newmont Lake Property
(ex. KSM, Treaty Creek).
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Cole Evans, President, CEO & Director, commented,
"The company is in a fortunate position to be fully funded for its 2022 exploration program following
the C$10m private placement undertaken in May.
Burgundy represents a top-tier porphyry exploration target, and we are looking forward to a very
exciting year with a greater understanding of the scale and significance of this mineralized system
which shows many similarities to Galore Creek, some 35km to our north west.
While Burgundy is truly exciting, we must not forget that we have an excellent project in the McLymont
Fault. The results of the recent geochemical sampling program suggest that we have a gold-rich
project which has the size and scale needed to be economic in the Golden Triangle.
I would like to extend our thanks to the entire field team whose combined efforts have allowed us to
commence drilling earlier than ever before on the property despite the fact that the snow base has
been substantially higher than average."
About Enduro Metals
Enduro Metals is an exploration company focused on it's flagship Newmont Lake Project; a total 654km
2
property located between Eskay Creek, Snip, and Galore Creek within the heart of northwestern British
Columbia's Golden Triangle. Building on prior results, the Company's geological team have outlined 4
deposit environments of interest across the Newmont Lake Project including high-grade
epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at
Burgundy & 72 Zones, high-grade epithermal/skarn silver/zinc at Cuba, and a large 9km x 4km
geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization
along the newly discovered Chachi Corridor.
On Behalf of the Board of Directors,
ENDURO METALS CORPORATION
"
Cole Evans
"
President/CEO
For further information please contact:
Investor Relations
Sean Kingsley - Director of Communications
Tel: +1 (604) 440-8474
Email:
https://www.endurometals.com
As a continued effort to keep investors, interested parties and stakeholders updated, we have several
communication initiatives. If you have any questions online (Twitter, Facebook, LinkedIn, or Instagram)
feel free to send direct messages or a post and include the hashtag
#askENDR
.
To book a one-on-one 30-minute Zoom video call directly click here:
https://endurometals.youcanbook.me
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements".
Such forward
looking statements involve known and unknown risks, uncertainties and other factors that may cause
Enduro's actual results, performance or achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed or implied by such forward-looking
statements. Forward looking statements are statements that are not historical facts and are generally,
but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would,"
"may," "could" or "should" occur.
Although Enduro believes the forward-looking information contained in this news release is reasonable
based on information available on the date hereof, by their nature forward-looking statements involve
assumptions, known and unknown risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or other future events, to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements.
The forward-looking information contained in this news release represents the expectations of the
company as of the date of this news release and, accordingly, is subject to change after such date.
Readers should not place undue importance on forward-looking information and should not rely upon this
information as of any other date. While the company may elect to, it does not undertake to update this
information at any particular time except as required in accordance with applicable laws.
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