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Enduro Metals Expands the Newmont Lake Project, Adjacent to Chachi Corridor in NW BC's Golden Triangle
Kelowna, British Columbia--(Newsfile Corp. - September 16, 2020) - Enduro Metals Corporation ...
About this update from Enduro Metals Corporation
[{"type":"text","content":"Enduro Metals Expands the Newmont Lake Project, Adjacent to Chachi Corridor in NW BC's Golden TriangleKelowna, British Columbia--(Newsfile Corp. - September 16, 2020) - Enduro Metals Corporation (TSXV: ENDR) (OTC Pink: SIOCF) (FSE: SOG) (\"Enduro\" or the \"Company\") is pleased to announce the Company has increased its landholdings at its Newmont Lake Project immediately adjacent to the Chachi Corridor; an area identified by the Company in 2019 as an 10km x 4km area of interest as a multi-element, hydrothermal system previously undiscovered.The Company acquired 100% interest in a total of 3,811 hectares of mineral claims. Enduro self-staked a total of 2,028 hectares while the remaining 1,783 hectares were purchased with cash from Spearmint Resources for $25,000 CAD ($18,970 USD) (subject to final transfer of claims on BC Mineral Titles Online). This increases the total area of the Newmont Lake Project to approximately 638 km2 (total of 63,858 hectares). The newly expanded area has geological similarities to the Chachi Corridor and contains known high-grade copper mineralization on surface at the More East mineral occurrence but has not seen exploration since 1990. To the best of the Company's knowledge, there is no historic drilling within the newly acquired areas. Claims within the 5km radius of the Romios Claims are subject to the same conditions as the agreement with Enduro & Romios such as the NSR.Figure 1: Newly acquired mineral claims highlighted in red adjacent to the Newmont Lake Project, NW British Columbia's Golden Triangle.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6406/63922_5ea5cfb5b4013a10_002full.jpgEnduro Metals is currently conducting grassroots exploration within the Chachi Corridor and Cuba areas simultaneous to an ongoing diamond drill program targeting high-grade gold mineralization associated with the McLymont Fault approximately 15km to the southwest of the Chachi Corridor. Current exploration at Chachi and Cuba aims to refine high-quality diamond drill targets which will be the first diamond holes drilled in the area.About Enduro MetalsEnduro Metals is an exploration company focused on its flagship Newmont Lake Project; a total 638km2 property located between Eskay Creek, Snip, and Galore Creek within the heart of northwestern British Columbia's Golden...