Enduro Metals is Drilling Soon in the Heart of the Golden Triangle
CEO.CA Jun 18, 2026 6:57
Summary
Enduro Metals closed an oversubscribed over $8 million brokered financing, with $6.3 million of it flow-through money committed to Newmont Lake.
The maiden drill campaign will test the Andre discovery, a 4.5-kilometre mag and IP anomaly that has never been drilled.
Copper-gold porphyry targets sit at low elevation with road access 14 kilometres away, more forgiving than typical Golden Triangle ground.
CEO Robert Cameron points to a career focused on porphyry copper-gold systems and past discoveries as the team's targeting credential.
Drilling is targeted to begin by July 1 and run through the summer, with weather and rig availability the main variables.
Key points on Discovery Silver Corp
- Cameron notes that the Mexican silver discovery made by his former company Valley High Ventures is currently one of Discovery Silver's core assets.
Robert Cameron's takeaways
- Top takeaway Cameron, Enduro Metals' CEO, is staking the company's year on the Andre discovery - a 4.5-kilometre coincident mag and IP anomaly with a blind, never-drilled core - and aims to have drills turning by July 1, 2026.
- He leans on surface evidence to justify the drill campaign: retreating glaciers first exposed copper-mineralized bedrock in 2021, and 25% of the prior year's rock samples ran above 0.1% copper on the anomaly flanks.
- He argues the target's location is a key advantage - about 600 metres elevation, forgiving topography, and roughly 14 kilometres from road access - allowing an earlier start than higher-elevation Golden Triangle projects.
- On funding, he points to an oversubscribed raise of just over $8 million, with about $6.3 million of flow-through dedicated to Newmont Lake, supporting a roughly $3.5 million phase one that can expand given results.
- He flags September weather and rig/contractor availability as the main risks to completing the season's program.