Enduro Metals Corp. (ENDMF)

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Chico237: " Enduro Discovers New Copper-Gold Porphyry at Newmont Lake; Drill Intersects 331m of 0.71% CuEq Starting at Surface– Including 146m of 1.00% CuEq"

Enduro Discovers New Copper-Gold Porphyry at Newmont Lake

October 18th, 2021, Kelowna, British Columbia – Enduro Metals Corporation (TSXV: ENDR OTCQB: ENDMF FSE: SOG-FF) (“Enduro Metals” or the “Company”) is pleased to report the discovery of a new alkalic porphyry system at Burgundy Ridge on its Newmont Lake project in northwestern British Columbia. BR21-001 intersected 331m of 0.71% CuEq starting at surface, including 146m of 1.00% CuEq from 139m downhole, and 18.27m of 3.00% CuEq from surface. The hole was drilled to test an area with some shallow drill holes and high-grade trenches (reference 2019 press releases) within an extensive geochemical/geophysical anomaly. The drill hole confirms a new copper-gold porphyry discovery in BC’s prolific Golden Triangle.

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Cole Evans, President/CEO of Enduro Metals commented, “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.”

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