- Enduro Metals Corporation (ENDR) reported its first Burgundy Ridge drill hole results from the 2022 drilling campaign on the Newmont Lake Project
- The first results are a proof-of-concept that highlight the correlation between the IP anomaly discovered and mineralization at depth while supporting the continuity of mineralization across the Burgundy system in drilling by 400 metres along strike, remaining open both to the northeast and southwest
- The company is preparing a research and processing facility with the University of British Columbia Okanagan near the Enduro’s head office in Kelowna
- Enduro Metals Corporation (ENDR) is down 26.47 per cent, trading at C$0.125 per share as of 11:15 am ET
Enduro Metals Corporation (ENDR) reported its first Burgundy Ridge drill hole results from the 2022 drilling campaign on the Newmont Lake Project.
These drill holes were designed to test the down-dip of mineralization drilled in 2019 associated with a coincident IP anomaly. The first results are a proof-of-concept that highlights the correlation between the IP anomaly discovered and mineralization at depth while supporting the continuity of mineralization across the Burgundy system in drilling by 400 metres along strike, remaining open both to the northeast and southwest.
BR22-23 intersected 66.80 metres of 0.50 per cent CuEq starting from 243.60 metres, including 6.08 metres of 1.82 per cent CuEqat 253.69m downhole. BR22-023 is a proof-of-concept drill hole that proves the correlation between chargeability highs and prospective mineralization over the Burgundy system.
These assay results expand on discovery hole BR21-01 that intersected 331 metres of 0.71 per cent CuEq from surface, including 18m of 3 per cent CuEq at surface and 146 metres of 1 per cent CuEq at 138 metres downhole approximately 400 metres to the southwest.
This is up to 150 metres below supergene enriched mineralization in BR19-02 of 91.26m of 0.61 per cent CuEq at 37 metres downhole, including 39 metres of 1.02 per cent CuEq at 69 metres downhole. Supergene enrichment is a natural geochemical enrichment process that increases copper and gold grades near-surface from the movement of meteoric fluids over geological time.
The program saw 10,888 metres of drilling within 25 diamond drillholes. Of these, 20 drill holes were completed at Burgundy, and five drill holes were completed along the McLymont Fault. Further results from this drill program will be reported as they are received.
Cole Evans, CEO & Director, said these first results from the 2022 drilling campaign demonstrate the association between chargeability and mineralization at Burgundy, confirming the predictable and continuous nature of mineralization.
“The system also appears steeper than we initially expected. This is a very positive development as it leaves lots of room for deposit expansion at depth where porphyries tend to have their highest grades. The evidence was key for further drilling conducted 300 metres to 500 metres southwest, which is among the deepest drillholes ever tested at Burgundy Ridge at over 600 metres downhole (assays pending). From a porphyry perspective, we are still very shallow in the system with mineralization remaining open along strike to the northeast, southwest, and down-dip.”
The company is preparing a research and processing facility with the University of British Columbia Okanagan near Enduro’s head office in Kelowna.
Enduro Metals is an exploration company focused on its flagship Newmont Lake Project in British Columbia’s Golden Triangle.
Enduro Metals Corporation (ENDR) is down 26.47 per cent, trading at C$0.125 per share as of 11:15 am ET.
