Geophysics Supports Drilling Results Pointing to Large Copper-Gold Porphyry at Enduro Metals’ Burgundy Ridge

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  ENDR Logo _Black Text_.png   Geophysics Supports Drilling Results Pointing to Large Copper-Gold Porphyry at Enduro Metals’ Burgundy Ridge   March 9th, 2022, Kelowna, British ColumbiaEnduro Metals Corporation (TSXV: ENDR OTCQB: ENDMF FSE: SOG-FF) (“Enduro Metals” or the “Company”) is pleased to report a large chargeable geophysical anomaly has been identified using induced polarization (IP) geophysics at Burgundy Ridge Zone on its 100%-owned Newmont Lake Project, located in NW British Columbia’s Golden Triangle. Where intersected, the chargeable anomaly correlates with copper and gold mineralization intersected at Burgundy Ridge to date. The results of this survey provide further strong evidence of a large copper-gold porphyry system underlying current drilling at Burgundy.     News Release Explainer: Enduro Metals’ CEO Mr. Cole Evans provides audio explainer on what this news release means for the Company.   The reconnaissance survey line that detected the anomaly is located approximately 350m north-northeast of multiple significant assays results from diamond drilling in 2021 such as BR21-01 which intersected 331m of 0.71% CuEq starting at surface, including 146m of 1.00% CuEq (see Oct. 18th, 2021 and Feb. 7th, 2022 news releases). Induced polarization is a well-established geophysical method for porphyry exploration globally, and a correlation between mineralization and chargeability is common.   Figure 1.png     Figure 1: Chargeability cross-section from a reconnaissance IP survey at Burgundy Ridge. The survey detected a large chargeable anomaly within the refined Exploration Target Area (see February 7th, 2022 news release) which appears to correlate with copper and gold mineralization seen in drilling to date. A smaller secondary target also appears to correlate with a chalcopyrite-cemented hydrothermal breccia intersected in exploratory drilling.   Cole Evans, President/CEO of Enduro Metals commented, “Simply stated, copper and gold bearing minerals found in porphyry deposits often form in a way that result in the ground holding an electrical charge, similar to how the battery in your car will hold an electrical charge. Often the more chargeable the ground is, the more disseminated copper and gold bearing minerals are in the ground. Our limited drilling to date supports this relationship, which puts us in a position to plan a much more aggressive drill program in 2022.   The approximate scale, geometry, and orientation of this anomaly is highly coincident with the neighbouring Galore Creek deposit as seen in Figure 3. This is yet another layer of evidence suggesting Burgundy to be an undiscovered look-alike system of Galore Creek. The anomaly is also located directly within the refined exploration target we hypothesized a few months using ongoing alteration studies, geochemistry, and a basic understanding of Burgundy’s structural geology.”   Figure 2.png   Figure 2: Plan view map illustrating the location of the primary chargeability anomaly relative to drilling completed to-date at Burgundy Ridge. Note the chargeable anomaly is located within the main exploration target zone believed to be >1,200m in strike length. Additional drill testing is required.   Additional technical press releases including more drilling results are anticipated for other locations on the Newmont Lake Project shortly.   Figure 3.png   Figure 3: Primary chargeable target at Burgundy Ridge depicted adjacent to a cross-section of the North Gold Lens at Galore Creek at the same scale. Note that this comparison is made only for comparative purposes. Further drilling is required to test most of the anomaly.   QAQC / Analytical Procedures Core samples from the Newmont Lake Project were sent to MSALABS’ 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 MSALABS’ 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 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. 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 & 72 Zones, 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   As a continued effort to keep investors, interested parties and stakeholders updated, we have several communication initiatives. If you have any questions online (Twitter, Facebook, LinkedIn, or Instagram) feel free to send direct messages or a post and include the hashtag #askENDR.    To book a one-on-one 30-minute Zoom video call directly click here:   https://endurometals.youcanbook.me  

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