Endeavour Silver Reports High Grade Silver-Gold Drill Intersections at the Guanacevi Mine, Durango, Mexico
June 05 2019 - 6:50AM
Endeavour Silver Corp. (NYSE: EXK; TSX:
EDR) reports several high-grade silver-gold intersections
in the Porvenir Centro, Porvenir Norte and Santa Cruz orebodies
along the Santa Cruz vein drilled in late 2018-early 2019 at the
Guanacevi mine in Durango, Mexico.
A total of 17 underground drill holes were
completed of which 7 holes intersected high grades over mineable
widths to extend the three orebodies outside of the current mine
plans (view longitudinal section here).
Drilling highlights in the Porvenir Norte
orebody include 251 grams per tonne (gpt) silver and 0.93 gpt gold
for 325 gpt silver equivalent (Ag Eq calculated at an 80:1 Au:Ag
ratio) over a 3.0 metre (m) true width (9.5 oz per short ton (opT)
AgEq over 9.8 feet (ft) in hole UG-61).
Drilling highlights in the Santa Cruz orebody
include two intersections in parallel veins, 2,175 gpt silver and
2.93 gpt gold for 2,409 gpt Ag Eq over a 1.0 m true width (70.2 opT
AgEq over 3.3 feet (ft)); and 579 gpt silver and 0.78 gpt gold for
642 gpt AgEq over 3.9 m (18.7 opT over 12.8 ft) in hole
UG-75.
Bradford Cooke, Endeavour director and CEO,
commented, “We continue to be encouraged by our positive
exploration results at Guanacevi. Recent drilling has
extended high grade silver-gold mineralization to depth at all
three of our original orebodies, which should help to increase
resources at Guanacevi.”
“Our operations group recently adjusted the 2019
Guanacevi mine plan to halt new development and mine accessible
reserves in the original orebodies and accelerate the development
and production of our two new orebodies, Milache and SCS, which are
higher grade than the current reserves in the original
orebodies. These actions are helping to boost metal
production and reduce operating costs so the mine can return to
positive free cash flow at current metal prices.”
Drilling highlights are summarized in the
following table:
Hole |
Orebody,Structure |
From |
True width |
Au |
Ag |
AgEq |
(m) |
(m) |
(gpt) |
(gpt) |
(gpt) |
UG-61 |
PN, Hw SCV |
89.60 |
3.0 |
0.93 |
251 |
325 |
Including |
91.90 |
0.7 |
2.44 |
410 |
606 |
UG-62 |
PN, Hw SCV |
107.90 |
1.5 |
1.14 |
532 |
624 |
Including |
108.55 |
0.5 |
3.11 |
1,582 |
1,831 |
UG-65 |
PN, Hw SCV |
131.55 |
1.3 |
0.34 |
256 |
283 |
Including |
131.55 |
0.3 |
0.49 |
539 |
578 |
UG-66 |
PN, Santa Cruz |
104.85 |
1.3 |
0.33 |
223 |
249 |
Including |
105.65 |
0.6 |
0.69 |
472 |
527 |
UG-73 |
PC, Santa Cruz |
273.00 |
1.3 |
1.10 |
489 |
577 |
Including |
273.80 |
0.4 |
2.11 |
1,012 |
1,181 |
UG-75 |
SC, Hw SCV |
67.75 |
1.0 |
2.93 |
2,175 |
2,409 |
Including |
67.75 |
0.6 |
4.67 |
3,530 |
3,903 |
Santa Cruz |
112.20 |
3.9 |
0.78 |
579 |
642 |
Including |
113.90 |
0.6 |
1.54 |
1,181 |
1,304 |
UG-77 |
SC, Hw SCV |
133.10 |
2.9 |
0.51 |
404 |
445 |
Including |
134.60 |
0.4 |
1.50 |
1,304 |
1,424 |
Silver equivalents are calculated at a ratio of
80:1 silver: gold. All widths are estimated true widths.
Corporate Update
CEO Bradford Cooke has been elected Vice
President of the Silver Institute for a two-year term. The
Silver Institute is a nonprofit international industry association
headquartered in Washington, D.C. Established in 1971, the
Institute’s members include leading silver producers, prominent
silver refiners, manufacturers, and dealers. The Institute
serves as the industry’s voice in increasing public understanding
of the value and many uses of silver, including many “green”
applications, and creates programs to raise awareness of the white
metal.
Qualified Person and QA/ QC
Godfrey Walton, M.Sc., P.Geo., Endeavour’s
President and COO, is the Qualified Person who reviewed and
approved this news release and supervised the drilling programs in
Mexico. A Quality Control sampling program of reference standards,
blanks and duplicates is used to monitor the integrity of all assay
results. All samples are split at the local field office and
shipped to ALS-Chemex Labs, where they are dried, crushed, split
and 50 gram pulp samples are prepared for analysis. Gold is
determined by fire assay with an atomic absorption (AA) finish and
silver by aqua regia digestion and ICP finish, over-limits by fire
assay and gravimetric finish.
About Endeavour ‑ Endeavour
Silver Corp. is a mid-tier precious metals mining company that owns
and operates four high-grade, underground, silver-gold mines in
Mexico. Endeavour is currently advancing the Terronera mine project
towards a development decision and exploring its portfolio of
exploration and development projects in Mexico and Chile to
facilitate its goal to become a premier senior silver producer. Our
philosophy of corporate social integrity creates value for all
stakeholders.
SOURCE Endeavour Silver Corp.
Contact Information - For more
information, please contact: Galina Meleger, Director, Investor
RelationsToll free: (877) 685-9775Tel: (604) 640-4804Fax: (604)
685-9744Email: gmeleger@edrsilver.com Website:
www.edrsilver.com
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Forward-Looking Statements
This news release contains “forward-looking
statements” within the meaning of the United States private
securities litigation reform act of 1995 and “forward-looking
information” within the meaning of applicable Canadian securities
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include but are not limited to statements regarding Endeavour’s
anticipated performance in 2019 including changes in mining and
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risks due to precious metals prices, operating or technical
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