Diamond Drilling Underway At The McLymont Fault

KELOWNA, BC - Enduro Metals Corporation reported that exploration diamond drilling is underway which includes an initial 6,000 metres of diamond drilling designed to test several new high-grade gold targets along the McLymont Fault, as well as continuing systematic step-outs at the recently discovered NE Extension where last season's diamond drill hole NW19-012 yielded 188m of 1.10 g/t Au, 1.15 g/t Ag, and 0.09% Cu including 44.03m of 4.03 g/t Au, 4.06 g/t Ag, and 0.29% Cu.

Crews have also begun induced polarization (IP) geophysics, hyper-spectral, and geochemical surveys in conjunction with detailed lithological/hyper-spectral alteration mapping at various locations along the McLymont Fault. These surveys are designed to collect information ahead of step-out diamond drilling over the 1,500 meters long area of interest to test the current geological theory that the NW Zone and Goldfish may be linked.

Furthermore, as part of on-going technical studies, follow-up work is underway at three other areas of interest including Ken, Cuba, and the Chachi Corridor. More developments on these areas are to follow as the information becomes available.

The Ken Zone located 3km north of the NW Zone was first identified by Newmont Mining in 1961 to be prospective for high-grade gold and copper. Recent surface sampling in 2018 by Romios Gold includes a chip sample of 4.0m of 11.22 g/t Au, 4.12% Cu, and 43.54 g/t Ag. No drilling has been completed at this target to date. Enduro is currently investigating possible relationships between the Ken Zone and McLymont Fault gold mineralization 3km to the south.

Cuba is a series of polymetallic, high-grade silver, zinc, copper, and lead occurrences all associated with the >30km long McGillivray Fault, which is the east-bounding structure to the Newmont Lake Graben dominating the centre of the Newmont Lake Project.

The Chachi Corridor is a new surface discovery made by Enduro in 2019. The corridor consists of a 9km x 4km geochemically anomalous area where high-grade copper, gold, silver, zinc, nickel, and cobalt were all discovered in 2019. The area also hosts a >3km long chargeable geophysical conductor immediately within the footwall of the McGillivray Fault. Current work is modeling the potential correlations of multiple polymetallic centers that have been identified on surface with the various geophysical anomalies.

Cole Evans, President and CEO, said, "Now that the Company has a strong financial footing, our top focus is to continue aggressive but calculated in-field exploration at Newmont Lake. Enduro's unique exploration strategy and executional ability allows our technical team to generate real-time refined drilling targets and act on our findings faster than traditional exploration methods. Drilling is already well underway, and more information will follow as it becomes available."