Enduro (ENDR.V): Drilling Intersects 17.15 g/t Gold, 26.20 g/t Silver, and 1.18% Copper Over 2.72 Metres; Evidence Mounting for a Large-Scale Gold System – 139 Metres of 0.82 g/t AuEq
February 9th, 2021, Kelowna, British Columbia – Enduro Metals Corporation (TSXV: ENDR OTCQB: SIOCF FSE: SOG-FF) (“Enduro Metals” or the “Company”) is pleased to report drill assay results from another four diamond drill holes from the 17-hole program 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.
- All four drill holes intersected shallow high-grade gold including 2.72m of 17.15 g/t gold, 26.19 g/t silver, and 1.18% copper in our first drill hole of 2020. More grades as high as 54.59 g/t gold, 135 g/t silver, and 1.18% copper over 0.50m in step-outs.
- Three of four drill holes also intersected longer intervals of lower-grade, bulk tonnage gold. NW20-04 intersected 138.6m of 0.82 g/t AuEq (“Gold Equivalent”), including 33.6m of 2.47 g/t AuEq starting at 119.83m depth. The drill hole ended in gold mineralization and remains open.
- Discovery of the strongest gold – copper geochemical anomaly at Newmont Lake to date along trend of current high-grade gold drilling. The discovery is concurrent with a large ZTEM geophysical anomaly.
- Mounting evidence of a large-scale, gold-copper porphyry system along the McLymont Fault – potentially the ultimate source of the shallow gold and copper mineralization drilled to date.
The first four holes of the program were designed to expand the footprint and increase the amount of known gold mineralization within the footprint first established by 1980’s drilling along the McLymont Fault – a regional structure now recognized as an important conduit for gold mineralization.
Figure 1: Long section looking west-northwest at the McLymont Fault. The first horizon of high-grade gold mineralization remains open along strike. The second high-grade horizon is beginning to develop. Lower-grade porphyry-like gold mineralization is developing in multiple drill holes suggesting there is a system in the vicinity.
- NW20-01 (-85°/300°) intersected 17.15 g/t gold, 26.19 g/t silver, and 1.18% copper over 2.72m. Mineralization was seen over a longer bulk-tonnage gold interval of 146.30m of 0.61 g/t AuEq starting at 30m depth.
- NW20-02 (-45°/300°) was drilled to establish a mineralization vector. It also successfully intersected 13.85 g/t gold, 27.89 g/t silver, and 1.21% copper over 0.50m, but the shallow dip of the hole vectored out of consistent gold mineralization below 55m.
- NW20-03 (-65°/300°) resulted in the longest mineralized interval of the three-holes drilled from the first pad. It intersected 103.3m of 0.76 g/t starting at 16m from surface. A high-grade interval of 20.75 g/t gold, 4.34 g/t silver, and 0.46% copper over 1.00m was contained within.
- 120m to the northeast, NW20-04 (-80°/300°) intersected 138.62m of 0.82 g/t AuEq. A higher-grade centre containing 33.57m of 2.47 g/t AuEq persisted, including 54.59 g/t gold, 135.00 g/t Ag, and 1.18% copper over 0.50m starting at 120m. This is the first 40m step-out into the NE Extension away from NW19-12, connecting a high-grade centre of 44.13m of 4.48 g/t AuEq, including 1.00m of 76.56 g/t gold, 11.54 g/t silver, and 0.47% copper. NW19-12 contained a total mineralized interval of 188.00m of 1.23 g/t AuEq.
- 160m to the northeast from NW20-04, previously reported NW20-09 intersected 8.85m of 31.09 g/t gold, 6.54 g/t silver, and 1.07% copper, marking the discovery of an intrusion-related vein system. Mineralization is open along strike (see Enduro October 21st, 2020).
The limited drilling activity completed prior to Enduro was focused on near-surface, high-grade gold. The continuity of this high-grade zone to the northeast is encouraging and remains open. The wider intervals of gold mineralization which have similarities to mineralization seen in the neighbouring Sulphurets Camp are early signs of gold – copper porphyry potential near the high-grade gold. Enduro’s exploration strategy has resulted in the majority of drill holes completed by the Company to have ended in these broad, bulk-tonnage gold mineralization, with indications that mineralization may continue to significant depths.
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