January 18th, 2021, Kelowna, British Columbia – Enduro Metals Corporation (TSXV: ENDR OTC: SIOCF FSE: SOG-FF) (“Enduro Metals” or the “Company”) is pleased to report that a recent geochronology study led by Dr. Kyle Larson at The University of British Columbia | Okanagan Campus has shown that certain intrusive rocks at Burgundy are coeval with the Galore Creek Suite – the namesake of the rock-types forming the neighbouring Galore Creek deposit. Burgundy is 1 of 4 major systems within the Company’s 638km2 Newmont Lake Project situated in the heart of BC’s prolific Golden Triangle.
Results from this study are part of an ongoing exploration initiative to fingerprint the 4 major systems at Newmont Lake. Drilling results from the 2020 season are still pending and will be made available once received and interpreted.
“The BC Geological Survey has identified 5 specific times during the Golden Triangle’s geologic history synonymous with big deposits,” commented Enduro CEO Cole Evans. “Learning that Burgundy falls directly within the time window that formed Galore Creek is an important step forward that will help us narrow our targeting efforts in the area.”
Burgundy is a minimum 2.3km long trend of alkalic copper-gold porphyry occurrences found in the western half of the Newmont Lake Project. Enduro conducted a shallow first-pass diamond drilling program on several targets throughout Burgundy in 2019 that had never been diamond drilled historically.
During that campaign, a late-season discovery was made in an area a few hundred metres south of drilling now known as the Green Rock Breccia (“Green Rock”) (see Enduro January 17th, 2020). The first and only surface trench sample from Green Rock returned a continuous 37.00m of 1.31% copper, 1.49 g/t gold, 23.26 g/t silver, and 2.97% zinc from beginning to end. Mineralization visually continued, but sampling efforts were cut short by winter conditions. Green Rock has never been drilled.
When asked, Enduro CEO Cole Evans said, “I spotted it from the helicopter. I was scanning the edge of the snow and seemingly out of nowhere it jumped out. I turned to our pilot and said put me down, that’s the spot!”
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