Enduro Metals' Gold Discovery: A Glimpse of the McLymont Fault's Potential
Tuesday, Nov 26, 2024 7:33 am ET
2min read As an investor with a keen eye for stability and consistent growth, I am always on the lookout for exciting developments in the mining sector. recently, Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG0) made headlines with their latest drilling results at the McLymont Fault, intercepting an impressive 10.01 g/t gold over 12.45m. Let's explore the significance of this discovery and its potential implications.
Enduro Metals' recent drilling campaign at the McLymont Fault on their Newmont Lake property has yielded remarkable results, expanding the known mineralization along the NE extension. The company's 2021 drilling program, which consisted of four oriented diamond drill holes totaling 1,248 meters, intersected gold mineralization associated with mineralized structures. This discovery builds upon the previous drilling results that outlined a 5km mineralized footprint along the McLymont Fault.
The high-grade gold intercept of 10.01 g/t Au over 12.45m, within a broader interval of 24.70m grading 5.17 g/t Au, is a testament to the McLymont Fault's potential. This mineralization is structurally controlled, with gold associated with sinuous, low-angle structures and horsetail or flower structures radiating from the main structure. This similarity to neighboring bulk-tonnage style gold deposits like KSM and Treaty Creek suggests that Enduro Metals may be onto something significant.
Enduro's structural reinterpretation, based on detailed mapping and orientation studies of structures in previously drilled core, has revealed that the mineralized structures have an apparent dip of 60-80 degrees to the northwest. If this is correct, previous drilling may have largely missed these structures, creating an opportunity to materially expand the McLymont gold system at the NW Zone and beyond.
The McLymont Fault is a normal fault that was later overturned, with gold mineralization concentrated along an antiformal fold adjacent to the fault. The mineralized zone is over 5km long, comparable to other large bulk-tonnage style gold deposits in the region. Enduro's discovery of multiple gold mineralization horizons, including a new, high-grade style, suggests a complex system with potential for additional styles or horizons.
The expanded mineralized footprint of the McLymont Fault Zone, now extending over 5 km, significantly enhances its resource potential and economic viability. The presence of bulk-tonnage style gold mineralization over 400m strike length, combined with the substantial geochemical anomaly, suggests a larger, more robust gold system. This increased scale aligns with neighboring, very large, bulk-tonnage style gold deposits like KSM and Treaty Creek. Drill intersections like NW21-03 (151m of 0.73 g/t AuEq) support the continuity and expansion of mineralization, with the potential for additional horizons.
As an investor, I am excited about the potential of Enduro Metals' recent discovery at the McLymont Fault. The company's strategic exploration plan and consistent exploration program have yielded encouraging results, confirming the continuity and extent of the mineralization along strike. The discovery of multiple gold mineralization horizons, including a new, high-grade style, suggests a complex system with untapped potential.
Enduro's focus on the NW Zone and along the 20km strike of the McLymont Fault, supported by their 2021 and 2022 exploration programs, has expanded the known mineralized footprint. The latest findings support the theory of a large, bulk-tonnage style gold system at the NW Zone and NE Extension, comparable to nearby deposits like KSM and Treaty Creek.
In conclusion, Enduro Metals' recent discovery at the McLymont Fault underscores the significant potential of the Newmont Lake property. The company's strategic exploration plan and consistent exploration program have yielded encouraging results, confirming the continuity and extent of the mineralization along strike. The discovery of multiple gold mineralization horizons, including a new, high-grade style, suggests a complex system with untapped potential.
As investors, we should keep a close eye on Enduro Metals' ongoing exploration efforts and resource development. The company's ability to identify and develop high-potential targets like the McLymont Fault Zone, combined with their strategic acquisitions, positions them well for organic growth and long-term success. The potential for additional mineralization horizons and styles, as well as the company's focus on risk management and informed market predictions, make Enduro Metals an attractive investment opportunity in the mining sector.
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Enduro Metals' recent drilling campaign at the McLymont Fault on their Newmont Lake property has yielded remarkable results, expanding the known mineralization along the NE extension. The company's 2021 drilling program, which consisted of four oriented diamond drill holes totaling 1,248 meters, intersected gold mineralization associated with mineralized structures. This discovery builds upon the previous drilling results that outlined a 5km mineralized footprint along the McLymont Fault.
The high-grade gold intercept of 10.01 g/t Au over 12.45m, within a broader interval of 24.70m grading 5.17 g/t Au, is a testament to the McLymont Fault's potential. This mineralization is structurally controlled, with gold associated with sinuous, low-angle structures and horsetail or flower structures radiating from the main structure. This similarity to neighboring bulk-tonnage style gold deposits like KSM and Treaty Creek suggests that Enduro Metals may be onto something significant.
Enduro's structural reinterpretation, based on detailed mapping and orientation studies of structures in previously drilled core, has revealed that the mineralized structures have an apparent dip of 60-80 degrees to the northwest. If this is correct, previous drilling may have largely missed these structures, creating an opportunity to materially expand the McLymont gold system at the NW Zone and beyond.
The McLymont Fault is a normal fault that was later overturned, with gold mineralization concentrated along an antiformal fold adjacent to the fault. The mineralized zone is over 5km long, comparable to other large bulk-tonnage style gold deposits in the region. Enduro's discovery of multiple gold mineralization horizons, including a new, high-grade style, suggests a complex system with potential for additional styles or horizons.
The expanded mineralized footprint of the McLymont Fault Zone, now extending over 5 km, significantly enhances its resource potential and economic viability. The presence of bulk-tonnage style gold mineralization over 400m strike length, combined with the substantial geochemical anomaly, suggests a larger, more robust gold system. This increased scale aligns with neighboring, very large, bulk-tonnage style gold deposits like KSM and Treaty Creek. Drill intersections like NW21-03 (151m of 0.73 g/t AuEq) support the continuity and expansion of mineralization, with the potential for additional horizons.
As an investor, I am excited about the potential of Enduro Metals' recent discovery at the McLymont Fault. The company's strategic exploration plan and consistent exploration program have yielded encouraging results, confirming the continuity and extent of the mineralization along strike. The discovery of multiple gold mineralization horizons, including a new, high-grade style, suggests a complex system with untapped potential.
Enduro's focus on the NW Zone and along the 20km strike of the McLymont Fault, supported by their 2021 and 2022 exploration programs, has expanded the known mineralized footprint. The latest findings support the theory of a large, bulk-tonnage style gold system at the NW Zone and NE Extension, comparable to nearby deposits like KSM and Treaty Creek.
In conclusion, Enduro Metals' recent discovery at the McLymont Fault underscores the significant potential of the Newmont Lake property. The company's strategic exploration plan and consistent exploration program have yielded encouraging results, confirming the continuity and extent of the mineralization along strike. The discovery of multiple gold mineralization horizons, including a new, high-grade style, suggests a complex system with untapped potential.
As investors, we should keep a close eye on Enduro Metals' ongoing exploration efforts and resource development. The company's ability to identify and develop high-potential targets like the McLymont Fault Zone, combined with their strategic acquisitions, positions them well for organic growth and long-term success. The potential for additional mineralization horizons and styles, as well as the company's focus on risk management and informed market predictions, make Enduro Metals an attractive investment opportunity in the mining sector.
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