Enduro Metals
Financials:
Primary ticker: TSXV:ENDR
Stage of development: Exploration
Primary minerals: Copper, Gold
Project to promote: Newmont Lake Project
Project location: British Columbia, Canada
Website: endurometals.com
Enduro Metals is focused on its Newmont Lake property in the heart of British Columbia’s Golden Triangle. A significant copper gold porphyry discovery was made at Burgundy Ridge in 2021, with the discovery hole returning 331m of 0.71% CuEq from surface. The company recently completed its 2022 exploration program which focused on expanding the mineralized footprint of the Burgundy porphyry, and included 11,000 meters of diamond drilling. First assay results from this program are expected imminently.
Cash: CAD$6,400,000
Debt: NIL
Major shareholder:
Management Ownership – 7.2%
Management Profile
What is your rationale for taking part in 121 Mining Investment?
The company is seeking to introduce itself to UK and European investors looking for exposure to copper and gold investments in a safe jurisdiction, following the completion of the largest drill program undertaken on the Newmont Lake property to date.
What recent news would you like to highlight to investors attending?
We would like to highlight the first assay results from the 2022 drill program, expected early November. 2022 was the largest drill program to date with a total of 10,888m of diamond drilling completed over 25 drill holes, building off of the Burgundy 2021 discovery hole.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Receipt and interpretation of 2022 drill results
6 Months:
Geological modeling focused on Burgundy, planning for 2023 exploration program, and securing finance to enable a large-scale drill program up to 20,000m.
12 Months:
Continue to expand mineralized footprint of Burgundy system. Building relationships with potential mining partners for project development.