Enduro Metals - Discovery Hole Deep Dive with Cole Evans (331m of 0.70% CuEq) [TSXV:ENDR][OTC:ENDMF]

Disclaimer: The author is not a registered advisory service and does not give investment advice. The author currently has a long position in: Enduro Metals, and may buy more or sell its position at a later date. Mango Research and Management Inc., an affiliate to Enduro Metals, is a sponsor to this blog (www.ResourceJuniors.com). Our commentary is an expression of personal opinion and should not be construed in any manner whatsoever as recommendations to buy or sell a stock at any time.

Enduro hits 331m of 0.71% CuEq incl. 146m of 1.00% CuEq - highlights of today's discovery (TSXV: ENDR)(OTCQB: ENDMF)

Today Enduro Metals (ENDR.V) put out a news release with a headline stating "New Copper-Gold Porphyry at Newmont Lake; Drill Intersects 331m of 0.71% CuEq Starting at Surface- Including 146m of 1.00% CuEq" Full NR here: https://endurometals.com/enduro-discovers-new-copper-gold-porphyry-at-newmont-lake-drill-intersects-331m-of-0-71-cueq-starting-at-surface-including-146m-of-1-00-cueq/

Highlights:

- This is a porphyry discovery (as mentioned in the NR title): 331m of 0.71% CuEq including a higher grade 146m of 1.00% CuEq portion

- Converted into AuEq (using Au=$1760), we get an intersection of 331m of 1.29g/t AuEq** or $72.18/tonne of material

-The higher grade intersection of 18.27m is equivalent to 5.5g/t AuEq** or $308.64/tonne of material

-This was hole BR21-001, the first hole drilled at Burgundy Ridge. The news release states: "results are pending from Burgundy, McLymont Fault, and the Chachi Corridor from 2021 diamond drilling " thus this should be the first of several batches of results to come out of the company's 2021 drill program

- The company is making serious preparations to enable longer exploration seasons with less helicopter support "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."

- Once winter support is complete its conceivable that the company may drill even if it's not summer "winter conditions have temporarily suspended exploration drilling until winter road construction is complete"

- It appears from the magnetics that the hole that hit (BR21-001) was on the outer edges of a large magnetic anomaly

- There was a lot of volatility leading up to this news release, the stock initially sold off, but recovered its earlier losses today. These lengths of intervals (331m) and grades (0.71$CuEq/1.33g/t AuEq/$72/tonne) are definitely an excellent start - in an area known for it's massive deposits, the Golden Triangle. It's certainly something to continue to watch/follow

 

Additional sections provided by the company (complete ones are included in the company's NR):

 

Disclaimer: The author is not a registered advisory service and does not give investment advice. The author currently has a long position in: Enduro Metals, and may buy more or sell its position at a later date. Mango Research and Management Inc., an affiliate to Enduro Metals, is a sponsor to this blog. Our commentary is an expression of personal opinion and should not be construed in any manner whatsoever as recommendations to buy or sell a stock at any time.

 

Golden Triangle 2021 - October Updates - Opportunity Awaits

It's that time of the year for exploration companies in the Golden Triangle - the mid to end of the season is quickly approaching for the majority of the companies in the area.

In general, companies in the area have not had any kind of excitement, and that's due to a couple reasons:

1) A very poor gold market with most gold stocks including the majors down ~25-30% since the highs of 2020 as gold moved from $2100 to $1750

2) There have been significant lab delays for almost all companies operating in the golden triangle with some companies noting significant backlogs at core-processing. In June, I tallied a drill-program total of over 250,000meters for the area, which is now likely over 300,000meters. [https://www.resourcejuniors.com/2021/06/golden-triangle-2021-exciting-months.html

Yet, there is a lot to be excited for - sentiment is in the dumps in this sector, and has typically been a good indicator of when bottoms can be located. Central banks continue with record stimulus, interest rates at or near 0%, and inflation creeping up with growth fading (stagflation) - this should be a big catalyst for miners and commodities in the coming months.

Once results start pouring in from the 300,000meters being drilled from the area, there's bound to be a discovery or two which brings back the excitement in the area. Discoveries which can deliver multiples of current market caps. With prices of these companies and sentiment at lows - it may be worth a look at some of these companies. In early July, I outlined "three-blue-sky potential companies to watch" - https://www.resourcejuniors.com/2021/07/golden-triangle-2021-three-blue-sky.html - these three companies have yet to put out any assays out.

Don't forget that the Golden Triangle is known for insanely high grade deposits, such as the past producing Eskay Creek mine, and the current producing Brucejack Mine - which has just delivered 7 more intercepts of over 1,000gram per tonne gold!

If you have not been watching the golden triangle stocks recently - here are some updates I've compiled [View Full-Size Version of Summary] or click the image below.

Disclaimer: The author is not a registered advisory service and does not give investment advice. The author currently has a long position in: Enduro Metals, Metallis Resources, Eskay Mining & Garlibaldi Resources and may buy more or sell its position at a later date. Mango Research and Management Inc., an affiliate to Enduro Metals, is a sponsor to this blog. Our commentary is an expression of personal opinion and should not be construed in any manner whatsoever as recommendations to buy or sell a stock at any time.