Enduro Metals Corp. (ENDMF)

[Middleborder]

Chico237, all: Enduro news release re. 2021 drilling program;


https://endurometals.com/enduro-commences-10000-metre-drill-program-at-newmont-lake-project-golden-triangle-nw-british-columbia/

July 21st, 2021, Kelowna, British Columbia – Enduro Metals Corporation (TSXV: ENDR OTCQB: ENDMF FSE: SOG-FF) (“Enduro Metals” or the “Company”) announces that the first diamond drill rig is now drilling on the Newmont Lake property in the heart of BC’s prolific Golden Triangle. A second drill rig will be added in early August. The planned “base case” drill program is 10,000 metres, with potential to expand. Enduro recently upgraded its on-site infrastructure to enable a prolonged exploration season.

The Company is presently conducting its initial drilling at Chachi with several other targets to be drilled this season.

Enduro’s CEO Cole Evans stated: “There are several high-quality untested targets across our large land package providing multiple paths to a major discovery. We are delighted to be back on the ground and drilling again and excited to build on what we have learned over the past three years. We are optimistic that we will see exciting results from this season’s drilling.”

CHACHI CORRIDOR

The Chachi Corridor represents a multi-element system endowed in copper, silver, gold, lead, zinc, nickel, and cobalt which was discovered by Enduro in 2019. This extensive system, spanning more than 5 kilometers, has characteristics of multiple deposit types, including alkalic porphyry, epithermal, skarn and possibly Iron-Oxide Copper Gold (“IOCG”) ore deposits. Intrusions are of the same age as the nearby Galore Creek deposit, which is being advanced by a joint venture between Newmont Corporation and Teck Resources Limited.

This initial drilling will involve 6 holes from 3 separate drill pads, with targets selected based on:

High-grade copper-silver on surface (including rock samples with 5.3% copper/36 g/t silver and 2.7% copper/301 g/t silver).
Induced polarization (“IP”) geophysics chargeability responses.
Proximity to a regional structural feature; and
Widespread alteration.

The holes are intended to track the high-grade values from surface and will provide the first sub-surface information in the Chachi Central Zone (CCZ).