Enduro Metals Corporation Announces 2024 Diamond Drilling Program at Newmont Lake
Enduro Metals (TSXV: ENDR) (OTCQB: ENDMF) has announced its 2024 diamond drilling program at the Newmont Lake Project. The exploration will focus on two key objectives:
1. Oriented-core diamond drilling at McLymont to test structural controls on gold-bearing quartz-carbonate veins.
2. Further exploration of copper-gold porphyry targets along the Copper-Line, particularly at North Toe.
The McLymont Fault, a >20km long geological feature, will be the primary focus. The company plans to conduct drilling in the opposite direction compared to historical work, using precise, oriented-core diamond drilling methods. The program aims to understand gold pathways and build a high-grade gold and copper resource at McLymont.
Additionally, Enduro will continue exploring other Copper-Gold porphyry targets across the wider Newmont Lake property, including North Toe / Big Toe along the Copper-Line.
Enduro Metals (TSXV: ENDR) (OTCQB: ENDMF) ha annunciato il suo programma di perforazione a diamante per il 2024 al Progetto Newmont Lake. L'esplorazione si concentrerà su due obiettivi principali:
1. Perforazione a diamante con nucleo orientato a McLymont per testare i controlli strutturali sulle vene di quarzo-carbonato contenenti oro.
2. Ulteriore esplorazione di obiettivi di porfido rame-oro lungo la Copper-Line, in particolare a North Toe.
La Faglia McLymont, una struttura geologica lunga oltre 20 km, sarà il focus principale. L'azienda prevede di condurre le perforazioni in direzione opposta rispetto ai lavori storici, utilizzando metodi di perforazione a diamante con nucleo orientato di alta precisione. Il programma mira a comprendere i percorsi dell'oro e a costruire una risorsa ad alta qualità di oro e rame a McLymont.
Inoltre, Enduro continuerà ad esplorare altri obiettivi di porfido rame-oro all'interno della più ampia proprietà di Newmont Lake, comprese le aree di North Toe / Big Toe lungo la Copper-Line.
Enduro Metals (TSXV: ENDR) (OTCQB: ENDMF) ha anunciado su programa de perforación con diamante para 2024 en el Proyecto Newmont Lake. La exploración se enfocará en dos objetivos clave:
1. Perforación con núcleo orientado a McLymont para probar los controles estructurales en las venas de cuarzo-carbonato ricos en oro.
2. Exploración adicional de objetivos de pórfido de cobre-oro a lo largo de la Copper-Line, particularmente en North Toe.
La falla de McLymont, una característica geológica de más de 20 km de largo, será el enfoque principal. La compañía planea realizar perforaciones en la dirección opuesta en comparación con los trabajos históricos, utilizando métodos precisos de perforación con núcleo orientado. El programa tiene como objetivo comprender los caminos del oro y construir un recurso de alta calidad de oro y cobre en McLymont.
Además, Enduro continuará explorando otros objetivos de porfido de cobre-oro en toda la propiedad más amplia de Newmont Lake, incluyendo North Toe / Big Toe a lo largo de la Copper-Line.
엔듀로 메탈스 (TSXV: ENDR) (OTCQB: ENDMF)가 뉴몬트 호수 프로젝트에서 2024년 다이아몬드 천공 프로그램을 발표했습니다. 탐사는 두 가지 주요 목표에 집중할 예정입니다:
1. 금 맥석이 있는 석영-탄산염 정맥의 구조적 제어를 테스트하기 위해 맥라임몬트에서의 방향성 코어 다이아몬드 천공.
2. 북발가락에서 특히 구리선에 걸쳐 있는 구리-금 포르피리 목표에 대한 추가 탐사.
맥라임몬트 단층은 길이가 20km가 넘는 지질적 특징으로, 주요 초점이 될 것입니다. 이 회사는 역사적인 작업과는 반대 방향으로 천공을 수행할 계획이며, 정밀하고 방향성 코어 다이아몬드 천공 방법을 사용할 것입니다. 이 프로그램의 목표는 금 경로를 이해하고 맥라임몬트에서 고품질의 금과 구리 자원을 구축하는 것입니다.
또한, 엔듀로는 구리선에 따라 북발가락/빅토를 포함하여 뉴몬트 호수의 넓은 재산 전역에서 다른 구리-금 포르피리 목표를 계속 탐색할 것입니다.
Enduro Metals (TSXV: ENDR) (OTCQB: ENDMF) a annoncé son programme de forage à diamant pour 2024 au Projet Newmont Lake. L'exploration se concentrera sur deux objectifs principaux :
1. Forage à diamant avec cœur orienté à McLymont afin de tester les contrôles structurels sur les veines de quartz-carbonate contenant de l'or.
2. Exploration supplémentaire des cibles de porphyres cuivre-or le long de la Copper-Line, en particulier au North Toe.
La faille de McLymont, une caractéristique géologique de plus de 20 km de long, sera le principal axe d'intérêt. L'entreprise prévoit de forer dans la direction opposée aux travaux historiques, en utilisant des méthodes de forage à diamant avec cœur orienté précis. Le programme vise à comprendre les voies de l'or et à établir une ressource de haute qualité en or et en cuivre à McLymont.
De plus, Enduro continuera d'explorer d'autres cibles de porphyres cuivre-or sur l'ensemble de la propriété plus vaste de Newmont Lake, y compris North Toe / Big Toe le long de la Copper-Line.
Enduro Metals (TSXV: ENDR) (OTCQB: ENDMF) hat sein Diamantbohrprogramm für 2024 im Newmont Lake Projekt angekündigt. Die Erkundung wird sich auf zwei Hauptziele konzentrieren:
1. Orientierte Kern-Diamantbohrungen in McLymont zur Prüfung der strukturellen Kontrollen an goldhaltigen Quarz-Karbonat-Erzgängen.
2. Weitere Erkundung von Kupfer-Gold-Porphyr-Zielen entlang der Copper-Line, insbesondere in North Toe.
Die McLymont-Verwerfung, eine geologische Struktur von über 20 km Länge, wird der Hauptfokus sein. Das Unternehmen plant, im Gegensatz zu historischen Arbeiten in die entgegengesetzte Richtung zu bohren, und zwar mit präzisen, orientierten Kern-Diamantbohrmethoden. Ziel des Programms ist es, die Wege des Goldes zu verstehen und eine hochwertige Ressource für Gold und Kupfer in McLymont aufzubauen.
Darüber hinaus wird Enduro weiterhin andere Kupfer-Gold-Porphyr-Ziele auf dem größeren Newmont Lake-Gelände erkunden, einschließlich North Toe / Big Toe entlang der Copper-Line.
- Focused exploration plan targeting high-grade gold and copper at McLymont Fault
- New structural interpretation potentially leading to better understanding of gold mineralization
- Previous drilling results showed high-grade gold intercepts (e.g., 31.09g/t Au over 8.85m)
- Exploration of additional copper-gold porphyry targets across the Newmont Lake property
- Surface rock chip samples from North Toe target returned up to 4.08% Cu and 57.83 g/t Au
- Reliance on new geological interpretation that is yet to be proven
- Exploration-stage project with no defined mineral resources or reserves
- Potential need for future financing to continue exploration activities
Kelowna, British Columbia--(Newsfile Corp. - August 21, 2024) - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG0) ("Enduro Metals" or the "Company") is pleased to provide an update on its 2024 summer exploration program on its
The Company's 2024 exploration program will focus on two key objectives:
Oriented-core diamond drilling at McLymont to test the structural controls on gold-bearing quartz-carbonate veins that carry the highest-grade gold and copper material drilled to-date in the area.
Further exploration of copper-gold porphyry targets along the Copper-Line, particularly at North Toe (see Enduro news release November 29th, 2023).
McLymont Fault
The McLymont Fault will be the primary focus of the Company's exploration efforts in 2024. The greater than 20km long geological feature is prospective for high-grade gold and porphyry deposits of varying styles. Last December, Seabridge Gold discovered the upper part of a new porphyry with intermediate sulfidation epithermal mineralization at the southwest end of the McLymont corridor, highlighted by 277m of 0.80 g/t Au near the Enduro/Seabridge Gold property boundary (See Seabridge Gold news release December 14th, 2023).
Cole Evans, CEO of Enduro Metals commented, "There are multiple styles of gold mineralization along the McLymont Fault, and our technical team, supported by third party review, has developed a new structural interpretation we believe may be the most important control for gold mineralization that will lend to building a high-grade gold and copper resource at McLymont.
Drilling will be conducted in the opposite direction compared to historical work using precise, oriented-core diamond drilling methods. The objectives are to first test areas near zones of known gold mineralization and correlate sub-surface structures with those mapped on surface. This will be followed by down-dip drill testing of these zones in areas previously never drilled. The aim of the program is to help us understand the pathways gold has moved through at McLymont which is characterized by a >3km surface gold anomaly with similar geological characteristics to Cominco's past-producing Snip Mine located 20km to the southwest along the McLymont structural corridor."
Figure 1: Cross-section of Pad 1 with 2 holes striking 120 degrees and dipping -45 and -75 into interpreted, NW-dipping mineralized structures. Holes are planned to an estimated total length of 300m.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6406/220628_b8be1758c477fbf0_002full.jpg
Most historic drilling on the Newmont Lake property was done on the McLymont Fault. The main target was the NW Zone which has a historic mineral estimate based on 16,992m of diamond drilling completed between 1987-1990 by Gulf Minerals.
Three different gold mineralization styles have been identified within the McLymont Fault: i) skarn, ii) epithermal, and iii) porphyry-like mineralization. Enduro's geological model has high-grade gold skarn near-surface, with gold being fed by underlying high-grade epithermal feeder veins sourced from an ultimate porphyry source.
Highlights of recent drilling completed by the Company on the McLymont Fault include:
Hole NW20-09 which intercepted 10.03g/t Au, 2.31g/t Ag and
0.36% Cu over 28.34m, including 31.09g/t Au, 6.54g/t Ag and1.07% Cu over 8.85m;Hole NW20-01 which intercepted 19.44g/t Au, 25.29g/t Ag and
1.32% Cu over 2.12m; andHole NW19-12 which intercepted 1.10g/t Au, 1.15g/t Ag and
0.09% Cu over 188.00m, including 4.04g/t Au, 4.06g/t Ag and0.29% Cu over 44.13m.
A table of significant assay results from drilling on the project prior to its acquisition by the Company is set out in Annex 1.
The 2024 program is designed to explore gold bearing structures intersecting lithology previously thought to be the primary ore control. The structural interpretation is based on a third-party review of mineralization at the NW Zone. The analysis included orientated drill core and structural mapping undertaken during the summer of 2023. 2024's program will combine relogging of historic drill core, detailed surface mapping, and a highly targeted drill program to identify structures hosting the chalcopyrite-pyrite bearing quartz-carbonate veins with the highest gold grades in the known mineralization. The drill program is planned to be up to 2,000m of orientated diamond drilling from 2 drill pads.
Figure 2: Cross-section of Pad 2 with 2 holes striking 120 degrees and dipping -45 and -60 into interpreted, NW-dipping mineralized structures. Holes are planned to an estimated total length of 500m.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6406/220628_b8be1758c477fbf0_003full.jpg
Copper-Gold Porphyry Target Generation
Enduro will also continue to explore and advance other Copper-Gold porphyry targets across the wider Newmont Lake property. The main targets include North Toe / Big Toe along the Copper-Line (see Enduro news release May 24th, 2023). A combination of geophysics, bedrock sampling, channel sampling, and mapping will be used to enhance our understanding of these areas and develop drill targets for future exploration campaigns.
The North Toe target is a newly exposed zone uncovered by recent glacial retreat. Geological prospecting in 2022 identified an area of quartz-chalcopyrite stockwork veining and encouraging porphyry-style alteration typical of alkalic copper-gold porphyry systems showing zones of potassic alteration in association with quartz-magnetite-chalcopyrite+/-bornite stockwork veining on surface.
Surface rock chip samples collected in 2022 from the target returned grades of up to
Figure 3: Plan view map of detailed mapping area highlighting planned channel sample over mineralized monzonite networks where samples assayed B0017861:
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6406/220628_b8be1758c477fbf0_004full.jpg
Personnel will begin mobilization to Newmont Lake imminently and further information will be provided as groundwork begins.
The Company also wishes to advise that Deborah Cotter has resigned as Company Secretary of the Company. The role of Company Secretary will be assumed by Malcolm Davidson, the Company's Chief Financial Officer. The Board wishes to thank Ms Cotter for her services to the Company and wishes her the best in her future endeavours.
About Enduro Metals
Enduro Metals is an exploration company focused on its Newmont Lake Project; a total 688km2 property located between Eskay Creek, Snip, and Galore Creek within the heart of British Columbia's Golden Triangle. Building on prior results, the Company's geological team have outlined multiple deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, newly discovered copper-gold porphyry mineralization at North Toe, and a large 10km x 4km geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi Corridor.
On Behalf of the Board of Directors,
ENDURO METALS CORPORATION
"Cole Evans"
Chief Executive Officer
For further information please contact:
Ali Wasiliew - Manager of Communications
Tel: + (236) 420-4050
Email: wasiliew@endurometals.com
Email: info@endurometals.com
https://www.endurometals.com
As a continued effort to keep investors, interested parties and stakeholders updated, we have several communication initiatives. If you have any questions online (Twitter, Facebook, LinkedIn, or Instagram) feel free to send direct messages or a post and include the hashtag #askENDR.
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Enduro's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Although Enduro believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Annex 1: Significant Historic Drill Results Completed on the McLymont Gold Project Prior to the Acquisition of the Newmont Lake Property by the Company
| Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) | Silver (g/t) | Copper (%) |
| NW87-15 | 5.60 | 8.40 | 2.80 | 14.4 | 14.4 | 0.32 |
| NW87-25 | 104.50 | 110.30 | 5.80 | 19.96 | 4.91 | 0.29 |
| NW87-25 | 143.30 | 144.40 | 1.10 | 52.11 | 6.86 | 0.42 |
| NW87-29 | 66.70 | 68.60 | 1.90 | 277.46 | 191.42 | 2.13 |
| NW88-21 | 157.80 | 161.50 | 3.70 | 13.66 | 1.70 | 0.08 |
| NW88-28 | 65.20 | 69.80 | 4.60 | 28.57 | 10.00 | 0.41 |
| NW88-28 | 79.40 | 84.30 | 4.90 | 22.32 | 9.20 | 0.24 |
| NW88-31 | 30.30 | 33.30 | 3.00 | 21.26 | 28.00 | 0.29 |
| NW88-32 | 95.20 | 96.20 | 1.00 | 48.69 | 4.80 | 0.21 |
| NW88-35 | 39.30 | 41.40 | 2.10 | 121.76 | 61.71 | 0.58 |
| NW89-01 | 77.80 | 79.90 | 2.10 | 52.28 | 29.88 | 2.29 |
| NW89-05 | 12.80 | 14.60 | 1.80 | 24.65 | 14.06 | 0.24 |
| NW89-06 | 27.30 | 29.60 | 2.30 | 13.56 | 5.56 | 0.44 |
| NW89-09 | 27.50 | 32.50 | 5.00 | 8.41 | 23.79 | 0.79 |
| NW89-11 | 66.40 | 72.80 | 6.40 | 26.39 | 60.54 | 0.57 |
| NW89-18 | 25.60 | 28.10 | 2.50 | 17.01 | 28.57 | 0.46 |
| NW89-19 | 66.80 | 68.00 | 1.20 | 32.71 | 78.34 | 0.96 |
| NW89-22 | 4.90 | 7.60 | 2.70 | 18.83 | 11.09 | 0.32 |
| NW89-23 | 24.30 | 26.60 | 2.30 | 25.11 | 13.97 | 0.27 |
| NW89-25 | 70.50 | 73.20 | 2.70 | 15.89 | 17.10 | 0.19 |
| NW89-29 | 7.90 | 9.90 | 2.00 | 34.61 | 38.92 | 0.46 |
| NW89-51 | 15.90 | 16.30 | 0.40 | 277.00 | 4.11 | 0.32 |
| NW89-66 | 157.90 | 158.50 | 0.60 | 39.02 | 0.35 | 0.11 |
| NW90-01 | 59.40 | 61.30 | 1.90 | 16.07 | 165.82 | 0.09 |
| NW90-01 | 63.20 | 66.40 | 3.20 | 39.29 | 0.20 | 0.12 |
| NW90-02 | 50.10 | 50.90 | 0.80 | 40.01 | - | 0.0100 |
| NW90-02 | 76.80 | 81.70 | 4.90 | 22.09 | - | 0.0100 |
| NW90-17 | 113.10 | 114.80 | 1.70 | 28.39 | 0.39 | 17700 |
| NW90-18 | 104.40 | 106.40 | 2.00 | 363.24 | - | 0.010 |
| NW90-26 | 32.60 | 35.40 | 2.80 | 25.06 | - | 0.010 |
| NW90-27 | 15.20 | 16.20 | 1.00 | 31.89 | - | 0.010 |
| NW90-30 | 24.10 | 25.60 | 1.50 | 28.94 | - | 0.010 |
| NW90-31 | 10.10 | 10.80 | 0.70 | 113.93 | - | 0.010 |
| R-07-09 | 13.72 | 16.76 | 3.04 | 19.71 | 12.6 | 0.45 |
| R-07-09 | 26.61 | 28.96 | 2.35 | 27.32 | 9.96 | 0.46 |
| R-08-07 | 25.25 | 27.13 | 1.88 | 179.14 | 109.28 | 0.19 |
| R-08-11 | 137.22 | 138.44 | 1.22 | 51.7 | 33.7 | 0.50 |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220628
FAQ
What are the main objectives of Enduro Metals' 2024 exploration program at Newmont Lake?
What is the significance of the McLymont Fault in Enduro Metals' exploration plans?
What were some notable drilling results from Enduro Metals' previous exploration at McLymont?
What are the exploration plans for the North Toe target in Enduro Metals' 2024 program?
