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Enduro Metals Reports Drill Intercept Cut 144 metres of 3.18 g/t Gold; Identifies Additional Gold Targets at Newmont Lake in BC's Golden Triangle
Kelowna, British Columbia--(Newsfile Corp. - July 6, 2020) - Enduro Metals Corporation ( T...
About this update from Enduro Metals Corporation
[{"type":"text","content":"Enduro Metals Reports Drill Intercept Cut 144 metres of 3.18 g/t Gold; Identifies Additional Gold Targets at Newmont Lake in BC's Golden TriangleKelowna, British Columbia--(Newsfile Corp. - July 6, 2020) - Enduro Metals Corporation (TSXV: ENDR) (OTC PINK: SIOCF) (FSE: SOG) (\"Enduro\" or the \"Company\") (formerly Crystal Lake Mining) is pleased to report drill results as part of the ongoing exploration program on the Company's 551 square km Newmont Lake Project located in the heart of British Columbia's Golden Triangle. These results are from previously unsampled drill core by a previous operator whose focus was on narrow high grade intersects, with the result that only a portion of the core was previously sampled. Infrastructure in the region has greatly improved, including power and road access now within 16 km, leading to a dramatic change in the approach to exploration and potential development at Newmont Lake.An on-going comprehensive technical review of the project recently identified three gold mineralization styles associated with the 20 km long McLymont Fault, one of multiple target areas within the Newmont Lake Project. The study determined that previous operators did not identify all gold mineralization styles, and as a result, only 19% of the total drill core has been assayed to date. The Enduro technical team assayed the full core length from the earlier diamond drill hole R-08-07. Other holes in the NW Zone are now also being re-examined. These recent assays show that R-08-07, drilled vertically in the NW Zone near the McLymont Fault intersected 144.00m of 3.18 g/t Au and 3.66 g/t Ag starting at 9.51m, including 54.70m of 7.64 g/t Au and 8.98 g/t Ag starting at 20.00m.A 2019 Enduro hole, NW19-12, 150m northeast of R-08-07 (Enduro's News Release dated Sept 18, 2019) intersected 188m of 1.10 g/t Au, 1.15 g/t Ag, and 0.09% Cu starting at 67.0m, including 44.13m of 4.03 g/t Au, 4.06 g/t Ag, and 0.29% Cu starting at 82.0m. That 2019 hole is highly significant because it was drilled beyond where the NW Zone was thought to have ended, thereby confirming that the zone remains open in that direction. Newly reported Enduro hole, NW19-17, intersected two low sulphidation epithermal feeder structures underneath and adjacent to NW19-12, including 1.62m of 14.84 g/t Au within 18.31m of 1.80 g/t Au starting at 189.00m, and ...