Enduro Mobilizes Field Crews to Newmont Lake for 2023 Exploration Program - Positive Initial Findings Along Copperline
Enduro Mobilizes Field Crews to Newmont
Lake for 2023 Exploration Program - Positive
Initial Findings Along Copperline
Kelowna, British Columbia--(Newsfile Corp. - July 6, 2023) -
Enduro Metals Corporation
(TSXV:
ENDR) (OTCQB: ENDMF) (FSE: SOG) ("
Enduro Metals
" or the "
Company
") is pleased to report field
crews have begun geophysical, geochemical, and geological mapping surveys at the Company's 100%
owned Newmont Lake Project, located in the heart of British Columbia's Golden Triangle.
Fieldwork during the first phase of the 2023 exploration season continues to build on initial results from a
late-season geochemical and geophysical survey at North Toe (see Enduro News Release April 11
th
,
2023). North Toe is a copper-gold porphyry target previously covered by a rapidly retreating glacier west
of the target. North Toe sits approximately 8km northeast of Burgundy Ridge, and is believed to be part
of a recently identified 20km structural corridor controlling copper-gold mineralization known as the
Copperline (see Enduro News Release May 24
th
, 2023).
Highlights:
500% increase of drone magnetic coverage expanding on the "Bullseye" geophysical anomaly
from late-2022 surveying (see Figures 1& 2).
Strong initial observations from surface samples of very recently exposed outcrops due to glacial
retreat identified on June 28
th
, 2023 (see Figures3 & 4).
Early geological observations of very recently exposed outcrops at North Toe identified on June 28
th
,
2023 have identified a quartz-magnetite-chalcopyrite-bornite stockwork on surface. Mineralization is
characterized with "potassic" alteration (see Figures 3 & 4). Alteration and mineralization of this style are
characteristic of world-renowned copper-gold porphyry deposits such as Newcrest/Newmont's Red
Chris and Cadia/Ridgeway deposits.
Figure 1: Overview of North Toe highlighting in-situ rock samples along a minimum 2.5km copper-gold
anomaly with a coincident "Bullseye" geophysical feature in the centre. The final rock sample at the
western margin of the copper-gold anomaly is 57.83 g/t Au and 0.09% Cu and remains open. The final
rock sample to the eastern margin of the copper-gold anomaly is 17.87 g/t Au, and 1.33% Cu and
remains open. The area has seen approximately 1,700m of glacial retreat since exploration prior to
Enduro Metals.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6406/172495_a890521304ebe898_002full.jpg
Cole Evans, CEO of Enduro Metals commented,
"North Toe is a rapidly developing copper-gold target
several kilometres along strike from Burgundy Ridge. Field crews identified substantial mineralization
over a 2.5km strike length. This was followed up with a drone magnetic survey over the centre of the
geochemical anomaly at the end of the 2022 exploration season. We are currently expanding the
drone magnetic survey coverage at North Toe by 500% given the compelling results from last year
suggesting the possible presence of a copper-gold porphyry centre at North Toe.
Substantial copper-gold porphyry deposits in both British Columbia and around the world tend to form
in clusters along multi-kilometre structural trends. Our developing understanding of the Copperline
(see News Release April 11
th
, 2023) suggests North Toe could be another copper-gold porphyry
centre along the Copperline, which includes other areas such as Burgundy, 72' Zone, and others.
Importantly, North Toe is in a readily accessible location with valley routes to road and power
infrastructure, as well as Newmont/Teck's proposed tailings facility for the restarted Galore Creek
copper-gold project."
Figure 2: Expanded drone magnetic survey totalling 350 line-kilometres. This survey expands on results
from the late-2022 survey displayed as Total Magnetic Intensity (TMI) in this figure.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6406/172495_a890521304ebe898_003full.jpg
Initial Surface Findings - 2023 Exploration Program
Field mapping and prospecting have identified multiple areas of mineralization consistent with alkalic
porphyries at the North Toe target. Most importantly, zones of potassic-altered, monzonitic dyke swarms
containing quartz + chalcopyrite +/- magnetite +/- bornite veins have been identified. The dyke swarms
track a series of NE - SW faults along the North Toe corridor and appear to be the primary host of
mineralization. Highest vein abundance, copper-sulphide content and the most intense alteration have all
been associated with these intrusions. The dyke swarms have been traced over 2 km and sampled
continuously in order to provide the strongest geochemical dataset possible.
Figure 3: Representative sample of quartz - sulphide stockwork hosting chalcopyrite and bornite
mineralization within a potassically altered intrusive rock of syenitic to monzonitic composition (to be
determined) - assays pending.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6406/172495_a890521304ebe898_004full.jpg
Figure 4: Representative sample of quartz - magnetite - chalcopyrite veins along with quartz - sulphide
stockwork within potassically altered intrusive rock of syenitic to monzonitic composition (to be
determined) found on surface at North Toe - assays pending.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6406/172495_a890521304ebe898_005full.jpg
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Maurizio Napoli,
P. Geo., Director for Enduro Metals, a Qualified Person responsible for the scientific and technical
information contained herein under National Instrument 43-101 standards.
About Enduro Metals
Enduro Metals is an exploration company focused on it's flagship Newmont Lake Project; a total 688km
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, encouraging porphyry-style alteration typical of alkalic copper-gold porphyry
systems at North Toe, 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
"
Chief Executive Officer
For further information please contact:
Ali Wasiliew - Manager of Communications
Tel: + (236) 420-4050
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/172495