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3D-IP Survey Identifies First Drill Target of the Chachi Corridor at Enduro's Newmont Lake Project in BC's Golden Triangle
Kelowna, British Columbia--(Newsfile Corp. - February 18, 2021) - Enduro Metals Corporation ...
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[{"type":"text","content":"3D-IP Survey Identifies First Drill Target of the Chachi Corridor at Enduro's Newmont Lake Project in BC's Golden TriangleKelowna, British Columbia--(Newsfile Corp. - February 18, 2021) - Enduro Metals Corporation (TSXV: ENDR) (OTC: SIOCF) (FSE: SOG) (\"Enduro Metals\" or the \"Company\") reports that a recently completed 3D Induced Polarization (\"IP\") model of the Chachi Corridor on the Company's Newmont Lake Property has established a direct correlation with high-grade copper-silver surface samples taken in 2019. The model indicates a highly chargeable 850-metre x 600-metre anomaly that is located immediately beneath the copper-silver showings. This is early evidence suggesting mineralization may continue to significant depths. The Chachi Corridor is 1 of 4 major target areas within the Newmont Lake property covering 638 square kilometers situated in the heart of BC's prolific Golden Triangle. Other areas currently being explored include McLymont where the Company anticipates more drilling results from the 2020 season.\"The anomaly starts on surface, and we do not know the limits,\" said Enduro CEO Cole Evans. \"There is a clear correlation between the geochemistry and geophysics, which is what we had hoped to learn from the exercise. This is exciting news for shareholders, and we have now set the stage for some interesting drilling in 2021.\" Figure 1: Cross-section of Line 132+00 which crosses directly overtop of a 120m long surface showing of high-grade copper and silver mineralization. Chargeability appears to directly correlate with mineralization on surface.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6406/74808_502b3b6b7468e8fd_002full.jpgThe Chachi Central Zone, or \"CCZ,\" is the first high-priority target delineated within the 9km x 4km area referred to as the Chachi Corridor (see figures). Results of the grassroots campaign suggest the area is prospective for Alkalic Copper-Gold Porphyry and/or Iron Oxide Copper-Gold (\"IOCG\") type deposits.\"Drill pad construction at Chachi finished as winter weather took hold in 2020. We are well positioned to have a drill turning for the first time at the CCZ within the next 4-5 months,\" added Evans.Figure 2: N5 chargeability line sections over the Chachi Corridor. A >16mV/V anomaly defines the CCZ measuring approximately 850m...