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Enduro Metals discovers new copper-gold porphyry at Newmont Lake in Golden Triangle, with intersects of 331m of 0.71% CuEq starting at surface

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Burgundy, 1 of 4 major systems identified thus far, has a surface expression of 2700 metres by 600 metres centred between the KSM-Treaty Creek porphyry camp and the Galore Creek porphyry camp.

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Company: Enduro Metals Corporation
Website: http://www.EnduroMetals.com
Stock Symbol: TSXV: ENDR
Date Published: Oct 18, 2021
Transcript: Available

Video Transcript:

I’m Katriina Cotten for Investmentpitch Media

Enduro Metals Corporation reports the discovery of a new alkalic porphyry system at Burgundy Ridge on its Newmont Lake project in northwestern British Columbia.

The company’s flagship Newmont Lake Project, which totals 654 square kilometres, is located between Eskay Creek, Snip, and Galore Creek within the heart of northwestern British Columbia's Golden Triangle.

Burgundy, 1 of 4 major systems identified thus far, has a surface expression of 2700 metres by 600 metres centred between the KSM-Treaty Creek porphyry camp and the Galore Creek porphyry camp.

Hole BR21-001 intersected 331 metres of 0.71% copper equivalent starting at surface, including 146 metres of 1.00% copper equivalent from 139 metres downhole, and 18.27 metres of 3.00% copper equivalent from surface.

The hole was drilled to test an area with some shallow drill holes and high-grade trenches discussed in press releases from 2019, within an extensive geochemical/geophysical anomaly.

Cole Evans, President and CEO, stated: "This discovery drill hole at Burgundy is a pivotal moment for Enduro and the Newmont Lake projects development, confirming the occurrence of a significant alkalic copper-gold porphyry deposit. This is a true grassroots discovery, and we are at the very beginning of the process. What I find exciting is the transitioning alteration of calc-sodic to calcic and calc-potassic assemblages and also minor amounts of zinc suggesting Burgundy Ridge is on the fringes of a large system, and we likely have not tested the best portions of the porphyry. The combination of grade, size, and accessible location of the discovery makes Burgundy a top-tier copper-gold exploration target, sandwiched between two world-class porphyry camps at Galore Creek and KSM."

This plan view map of Burgundy displays TMI Geophysical data, copper in surface rock geochemistry, areas of completed geological mapping, and areas of ice/snow retreat where no geological map exists to date.

Earlier than expected winter conditions have temporarily suspended exploration drilling until winter road construction is complete.

Preparations are underway for winter road construction which will connect the exploration camp, Burgundy, and the McLymont Fault to the provincial highway system for a usable period of approximately 3 months of the year.

This will enable the company to stockpile drilling equipment, timber, consumable materials, and fuel months ahead of previous exploration programs and at a fraction of the cost of helicopter transport.

This shows the cross-section of BR21-001 displaying calculated copper equivalent values, and bar charts for each reported interval, displaying percent contribution per metal selected for copper equivalent calculations.

The company used a gold price of $1,670 per ounce, silver price of $21.50 per ounce, copper price of $4.10 per pound, and zinc price of $1.38 per pound.

Further results from 2021 diamond drilling are pending from Burgundy, McLymont Fault, and the Chachi Corridor.

Following major changes at the lab, which have decreased wait times, the company anticipates drill results will be available to shareholders in a shorter timeframe than from the 2020 exploration season.

The shares are trading at $0.245.

For more information, please visit the company’s website, www.EnduroMetals.com, contact Sean Kingsley, Director of Communications, at 604-440-8474 or by email at info@EnduroMetals.com.

I’m Katriina Cotten for Investmentpitch Media