Enduro Metals is an exploration company focused on it’s flagship Newmont Lake Project; a total 638km2 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 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 . 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 202km2 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.
Vision:
Our vision is to become a leading exploration company generating major discoveries in British Columbia’s Golden Triangle, one of the world’s richest mineral districts.
We intend to realize our vision by discovering multiple large-scale mineralized systems, comparable to the richest discoveries of the Golden Triangle.
Strategy:
By employing cutting-edge technology with innovative, progressive and entrepreneurial approaches to exploration, we intend to become the most efficient greenfield explorer in the Golden Triangle. Our objective is to deploy the majority of our investors’ money into exploration to discover a world-class deposit.
Commitment:
Our commitment is to our shareholders, to share the risks and rewards of our search for world-class mineral deposits. Management and insiders hold over a quarter of the outstanding shares in this company, aligning directly with our investors’ interests and objectives. By combining our progressive, entrepreneurial approach with the guidance of an industry-proven board, we believe we have the ideal team, project and strategy to realize our vision. A key mandate for Enduro is to work closely with British Columbia’s Tahltan Nation to honour their values, help build prosperous communities, provide training and careers, and remain good stewards of the land and environment.
High-grade Discoveries from Surface on One of the Golden Triangle’s Largest Land Positions
Enduro Metals holds one of the largest junior land positions in the heart of British Columbia’s Golden Triangle, a world-class mineral district hosting multiple successful mines. Enduro’s 648km2 Newmont Lake Property contains at least four large, distinct mineralized systems with district-scale potential—all starting from surface. The project’s geology, mineralization, exploration results and proximity align with some of the Golden Triangle’s richest known deposits.
Work to date has produced exceptional results in drilling, while sampling, mapping and geophysics have identified large areas of high-grade and highly-prospective showings. The Company is fully funded for aggressive exploration in 2021.
What Sets Us Apart:
-Run by innovative and progressive Golden Triangle specialists who have explored over 3,000 sq km in the region.
-Tech-savvy, next-generational approach to exploration, backed by a board and advisory group of proven mine finders & builders.
-Newmont Lake high-grade results to date indicate large-scale porphyry-type and epithermal mineralized systems
-Management holds a majority stake in the company; CEO is the largest shareholder having directly invested over $2 million in cash, controlling more than 10% of the company
-Rob McEwen, one of North America’s most successful mining entrepreneurs, is a major shareholder (invested $2.5M)
-$11M raised in latest financing – fully funded for large-scope 2021 exploration & infrastructure development
-Projects:
Tom Cat:
Property Location:
The property is about 25 km southeast of Merritt in south-central British Columbia. It is in the southern portion of an area of hilly upland situated in the centre of the Aspen Grove copper camp, known as the Fairweather Hills (Figure 1). It is accessed by taking highway 5A southeast from Merritt to Bates Road, then east along Bates Road until 674290 E, where a logging road heads south onto the property. The property is covered by forest on the higher ground, with grassland at lower elevations. Slopes are generally gentle to moderate. The property ranges in elevation from about 1285 m in the area of high ground in the central to northwest of the property, to about 1040 m in the north-south trending valleys on the east and west sides of the property. Snow can be expected from November to April.
Property Description:
The Tom Cat Property consists of claim 1053089, .The claims are 100% held by Sierra Iron Ore Corporation. A Statement of Work (EV#5656408) was filed for the work described in this report on July 14, 2017. The claim covers 687.06 ha. Six mineral claim crown grants are shown on the property.. All but the southernmost Crown Grant (Edith, DL 1553) have reverted to the crown. The exact status of the Edith is unclear (“converted”), but MTO indicates that the ground iis held by the crown. Two private lots overlie part of the western side of the property.
Geology:
The Fairweather Hills region is underlain by the Central Volcanic Facies of the Upper Triassic Nicola Group, comprising intermediate, feldspar and feldspar augite porphyritic pyroclastic and flows, associated alkaline intrusions, and minor sedimentary rocks. The intrusions vary from diorite to monzonite in composition and are thought to be comagmatic with the Nicola Group, ranging in age from Late Triassic to Early Jurassic.
Property History:
Old workings, including pits, trenches, short adits and shafts, are encountered frequently on the property. Some of these date back to at least the early 1900’s. Approximately 15 – 20 diamond drill holes were drilled on the property up to 1967, but are poorly documented. Various soil and geophysical surveys have been conducted intermittently over most of the property from the 1960’s to 2006. Bold Ventures Inc. Drilled 4 holes on the property in 2007, totalling 754.1 m. One of the holes drilled at the Tom Cat Prospect returned 0.54% Cu over 5.6 m (Garrow, 2010). A considerable amount of work has been done on the property, but the soil and geophysical surveys are difficult to interpret due to a lack of detailed mapping.
Mineralization:
The following Minfiles are on the property:
Tom Cat (092HNE086) – A several meter wide zone of steeply dipping, fractured and mineralized rock within green volcanic breccia. Mineralization consists of clots of pyrrhotite or pyrite +/- chalcopyrite or chalcocite. A hole drilled by Pyramid Mining Company Ltd. in 1965 assayed an average of 0.32% from select samples taken every 1.5 m over two 15.2 m sections in a 45.7 m interval (McKechnie, 1965).
Bluey (092HNE167) – Chalcopyrite and malachite occur as disseminations and fracture coatings in trenches in porphyritic andesite. Chalcocite, galena and azurite are also reported. A 4 m chip sample taken in 2006 (Kerr, 2007) yielded 0.92% Cu, 0.16% Pb, 0.8% Zn and 10.9 g/t Ag.
Bunker Hill (092HNE089) – Chalcopyrite, chalcocite, malachite and pyrite are exposed in pits and trenches in fractured and altered andesite. A 2 m chip sample yielded 3.73% Cu (Kerr, 2007).
Portland (092HNE088) – A shaft was sunk in volcanic breccia and flow rocks. No mineralization was seen in bedrock, but a sample from the dump returned 0.17% Cu (Kerr, 2007).
AM (092HNE166) – A shaft is reported in a shear zone of altered andesite, though it’s exact location is not known. Reported assays range up to 2% Cu over 1.5 m (Mark, 1978).
Bloo (092HNE257) – Chalcopyrite, pyrite and hematite occur trenches in fine grained diorite. A rock sample returned 0.48% Cu and 1.7 g/t Ag (Lisle, 1985). Sampling in the area of a shaft about 250 m to the northwest returned 0.43 – 0.80% Cu (Gourlay, 1990). The Bloo showings have not been recently located.
Boomerang (092HNE087) – Chalcocite, bornite and malachite occur in brecciated zones within choritized diorite. Three of five rock samples analyzed 0.18 to 2.34 % Cu, 0.4 to 7.9 g/t Ag and 0.016 to 0.980 g/t Au (Lisle, 1985). the Boomerang showings have not been recently located.
Exploration Target:
The target deposit type is an alkalic porphyry. A diorite intrusive, mapped by Preto, dominates the east half of the property. Seven Minifies documenting bedrock copper mineralization, often associated with old workings, occur within and around the diorite. A comprehensive mapping and sampling program directed at characterizing the alteration, mineralization and host rock(s) should be done over the property to properly assess it’s potential to host an alkalic porphyry system. The surficial materials should also be examined to aid the interpretation of past soil surveys.
Enduro Metals Corp. is traded on the OTC under the ticker symbol SIOCF. This is not investment advice. Please view the disclaimer found on this website.
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