Figure 6: Representative drill core from 221.29m to 222.33m in BR21-001 assaying 1.61% Cu, 1.90 g/t Au, 2.13% Zn, and 30.8 g/t Ag over 1.04m. Alteration consists of pervasive biotite-actinolite-tremolite alteration of a black siltstone. Mineralization is dominated by chalcopyrite with lesser sphalerite and minor pyrite. Exploration Update from the CEO Further results are pending from Burgundy, McLymont Fault, and the Chachi Corridor from 2021 diamond drilling. We anticipate results will be available to shareholders in a shorter timeframe than drill results from the 2020 exploration season. Major changes to the preparation lab by the analytical lab have decreased wait times substantially but delays do still exist at the analytical lab due to high-activity and supply chain issues of consumables. Preparations are underway for winter road construction which will connect our exploration camp, Burgundy, and the McLymont Fault to the provincial highway system for a usable period of approximately 3 months of the year. This will allow Enduro to stockpile drilling equipment, timber, consumable materials, and fuel months ahead of previous exploration programs and at a fraction of the cost of helicopter transport. It also gives the optionality for mobilizing larger mining equipment, as well as transporting stockpiled bulk sample material in the event we elect to complete a 10,000-tonne bulk sample program on one of our high-grade surface targets. Earlier than expected winter conditions have temporarily suspended exploration drilling until winter road construction is complete. Snow and freezing conditions started earlier than average this season, and once an adequate snow base has built up and compacted, we will be able to begin construction and mobilizing equipment. We are also in the process of designing and building a new water supply system complete with particulate centrifuges that can deliver fresh water used in the diamond drilling process that can deliver water adequate for multiple diamond drill rigs from over 3km away allowing drilling to recommence without having to wait for optimal weather conditions as needed prior. Attend the Company Webinar Enduro Metals is scheduled to provide an update on its exploration program, this recent discovery and future plans during a webinar hosted by Adelaide Capital on Wednesday October 20, 2021, at 2:00pm EST. The webinar will feature a discussion on today’s news release by Cole Evans, President & CEO, followed by a Q&A session. To register for this event, please use the following link: https://us02web.zoom.us/webinar/register/WN_0CC3KQR5Qfi69SK4cvqzHg. The webinar will also be live-streamed to the Adelaide Capital YouTube Channel: https://www.youtube.com/channel/UC7Jpt_DWjF1qSCzfKlpLMWw and a replay will be made available shortly after the webinar. QAQC / Analytical Procedures Core samples from the Newmont Lake Project were sent to MSA LABS’ preparation facility in Terrace, B.C., where samples were prepared using method PRP-910. Samples were dried, crushed to 2mm, split 250g and pulverized to 85% passing 75 microns. Prepped samples were sent to MSA LABS’ analytical facility in Langley, B.C, where 50g pulps were analyzed for gold using method FAS-221 (fire assay-AAS finish). Gold assays greater than 100 g/t Au were automatically analyzed using FAS-425 (fire assay with a gravimetric finish). Rock samples were analyzed for 48 elements using method IMS-230, multi-element ICP-MS 4-acid digestion, ultra-trace level. Silver assay results greater than 100 g/t Ag and copper, lead, and zinc greater than 10,000ppm were automatically analyzed by ore grade method ICF-6. Enduro Metals Corp conducts its own QA/QC program where five standard reference material pulps, five blank reference material samples, and two field duplicates are inserted for every 100 samples when analyzing core samples. Qualified Person The technical information in this news release has been reviewed and approved by Mr. Maurizio Napoli, P. Geo., Director for Enduro Metals, a Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards. About Enduro Metals Enduro Metals is an exploration company focused on it’s flagship Newmont Lake Project; a total 654km2 property located between Eskay Creek, Snip, and Galore Creek within the heart of northwestern British Columbia’s Golden Triangle. Enduro entered into an option agreement to acquire 436km2 from Romios Gold Resources who has carefully amalgamated the area since 2005 from numerous smaller operators. Remaining terms on the option agreement are a $1,000,000 CAD cash payment, and issuance of 4 million Common Shares to Romios Gold Resources. Romios will retain a 2% Net Smelter Returns Royalty (an “NSR”) on the Newmont Lake Project, or on any after-acquired claims within a 5 km radius of the original boundary of the project, which may be reduced at any time to a 1% NSR on the payment of $2 million per 0.5% NSR. The remaining 218km2 is owned 100% by Enduro and was acquired via staking or cash purchase. Building on prior results, the Company’s geological team have outlined 4 deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, high-grade epithermal/skarn silver/zinc at Cuba, and a large 9km x 4km geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi Corridor. On Behalf of the Board of Directors, ENDURO METALS CORPORATION “Cole Evans” President/CEO For further information please contact: Investor Relations Sean Kingsley – Director of Communications Tel: +1 (604) 440-8474 Email: info@endurometals.com https://www.endurometals.com |