From previous news release:144m of 3.18 g/t Gold. - Drill Intercept Cut 144 metre of 3.18 g/t Gold; Identifies Additional Gold Targets at Newmont Lake in BC's Golden Triangle.
- 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 multiples 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 1.50m of 9.33 g/t Au, 16.29 g/t Ag, and 0.82% Cu starting at 80.24m.
The results of the re-assaying have important implications for the potential of the NW Zone, suggesting the potential for materially more ounces within the areas drilled as the broader mineralized areas are considered. The 2019 drilling points to the potential for the zone to continue along strike and highlights new zones beneath.
Drilling at the NW Zone has yet to penetrate below 256 metre and mineralization remains open both laterally and at depth. Results of the technical study also highlight the prospective nature of other targets along the McLymont Fault.
- Modelling identified a 1,500m long prospective gold horizon which potentially links the NW Zone with the newly discovered Goldfish Zone ("Goldfish"), 600m north-east of the NW Zone and trends approximately 300m from the McLymont fault.
Cole Evans, The Largest Share Holder
and President/CEO of Enduro commented:
Drilling is still shallow within our prospective horizon, and there are many signs of significant high-grade feeder structures beneath and adjacent to the main skarn body. We have identified several new gold targets that will be tested in 2020 in addition to exploring more areas that match the Company's criteria. Our Technical Study has turned everything we thought we knew on its head, and the McLymont Fault is wide open to find more gold. With the recently completed hydroelectric power plant only 16km away from where Enduro is drilling, this is a prime area to be looking for big gold deposits and we are just getting started."