Enduro Metals has released drill results from its exploration program at the company’s Newmont Lake project in northern British Columbia. The company also announced it had identified new gold drilling targets at the project.

The company reported results of 144 metres of 3.18 grams per tonne of gold and 3.66 grams per tonne of silver from drill core taken from a hole in the NW zone of the project’s McLymont Fault.

According to the company, the results come from a drill core that was unsampled by the project’s previous operator, which sampled only part of the core since it focused on narrow high grade intersects during its exploration.

The company’s ongoing technical review of the project has found three gold mineralization styles at the McLymont Fault and says that only 19 per cent of the total core has been examined to date. The company plans to re-examine previous holes in the NW zone and new gold targets as results suggest there is extended mineralization in the area.

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“Our technical study has turned everything we thought we knew on its head, and the McLymont Fault is wide open to find more gold, said Cole Evans, president and CEO of Enduro Metals. “With the recently completed hydroelectric power plant only 16km away from where Enduro is drilling, this is a prime area to be looking for big gold deposits and we are just getting started.”

In February 2019 Enduro Metals, then known as Crystal Lake Mining, finalized an option agreement with Romios Gold, which had consolidated the various parcels that now make up the Newmont Lake camp over 20 years ago, to earn a 100 per cent interest in the project. Per the agreement, the company must spend $8 million on exploration at the project over a three-year period to acquire the project.

The company plans to continue its exploration work in 2020 and will focus on multiple new targets and deposit types at the project in an attempt to extend its known gold deposit.