Mining Stock Daily Enduro's Exploration Strategies for Newmont Lake
Nov 20, 2025
Will Slack, President of Enduro Metals, shares insights on their revitalized exploration at the Newmont Lake project. He highlights the merger with Commander Resources and a $3.2M financing boost for exploration. Key focus is on the newly identified Andrei Target, boasting significant copper and gold indicators. With a 6.2 km2 footprint and plans for 3,000m of drilling, Slack believes this target can attract major investors. He also touches on Burgundy Ridge's potential and the reevaluation of McClellan's historical resources.
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Merger With Commander Revived Enduro
- The Commander merger closed May 31 and brought new management and necessary cash to Enduro.
- Enduro raised $3.2M in August and spent $1.3M on the property to refinance and restart exploration.
Prioritize Drill Testing On Highest-Potential Target
- Do prioritize drill testing of new high-potential targets rather than spreading resources thinly across all targets.
- Plan a ~3,000m program at Andre to confirm the porphyry despite other attractive targets on the property.
Access And Geophysics Make Andre Stand Out
- Andre offers excellent access and low elevation, avoiding the ice challenges seen at Burgundy.
- The target shows magnetic and IP signatures in the porphyry window plus high-grade rock samples, making it highly prospective.