Endeavour Silver Reports Initial Drill Results for the El Curso Property Adjacent to the Guanacevi Mine in Durango, Mexico, I...
November 12 2019 - 6:50AM
Endeavour Silver Corp. (NYSE: EXK; TSX:
EDR) reports positive initial drill results for the El
Curso Property adjacent to Endeavour’s Guanacevi mine in Durango,
Mexico. The El Curso property, leased in July 2019, covers
the prolific Santa Cruz vein between Endeavour’s previously mined
Porvenir Cuatro orebody and the newly developed Milache orebody.
The initial drill results reported today define a Northwest
extension of the high grade Porvenir Cuatro (“P4”) orebody, which
remains open along strike and to depth (view longitudinal section
here).
Drilling highlights from the first ten drill holes include 1,182
grams per tonne (gpt) silver and 3.07 gpt gold for 1,427 gpt silver
equivalent (AgEq using a silver:gold ratio of 80:1) over a 5.1
metre (m) true width and defines a 200m long x 200m deep northwest
extension of the high grade Porvenir Cuatro orebody.
Luis Castro, Vice President, Exploration
commented, “We previously stopped mining the P4 orebody at the El
Curso property boundary so these initial drill results simply
confirm that the high grade silver-gold mineralization continues to
the northwest. Since our main ramp access to the Milache
orebody passes from P4 across the El Curso property, we are
drilling from underground drill stations along the ramp.”
“Our plan is to drill approximately another 10
holes before year-end, then complete an initial resource estimate.
As we already have underground ramp access to the P4 extension,
this new high-grade mineralization will be included in the 2020
mine plan for Guanacevi and provides another source of high-grade
ore to increase the mine output up to the 1,200 tonne per day plant
capacity.”
Complete drill results are shown in the
following table:
Hole |
Orebody,Structure |
From |
True width |
Au |
Ag |
AgEq |
(m) |
(m) |
(gpt) |
(gpt) |
(gpt) |
UCM - 01 |
Santa Cruz |
70.50 |
5.2 |
0.75 |
465 |
525 |
Including |
74.50 |
0.9 |
1.06 |
1,098 |
1,183 |
UCM - 02 |
Santa Cruz |
65.80 |
2.6 |
1.23 |
558 |
656 |
Including |
67.50 |
0.5 |
1.48 |
879 |
997 |
UCM - 03 |
Santa Cruz |
93.65 |
2.1 |
2.51 |
935 |
1,136 |
Including |
93.65 |
0.4 |
10.13 |
3,299 |
4,110 |
UCM - 04 |
Santa Cruz |
83.90 |
1.0 |
0.57 |
213 |
259 |
Including |
83.90 |
0.4 |
0.63 |
290 |
340 |
UCM - 05 |
Santa Cruz |
100.70 |
2.5 |
0.40 |
204 |
236 |
Including |
104.00 |
0.4 |
0.77 |
441 |
503 |
UCM - 06 |
Santa Cruz |
108.15 |
1.2 |
0.41 |
193 |
226 |
Including |
108.15 |
0.3 |
0.68 |
243 |
297 |
UCM - 07 |
Santa Cruz |
109.35 |
5.1 |
3.07 |
1,182 |
1,427 |
Including |
116.55 |
0.5 |
15.22 |
5,372 |
6,589 |
UCM - 08 |
Santa Cruz |
146.15 |
4.3 |
2.20 |
1,021 |
1,197 |
Including |
154.50 |
0.4 |
6.26 |
3,623 |
4,124 |
UCM - 09 |
Santa Cruz |
175.05 |
2.7 |
1.37 |
355 |
464 |
Including |
180.40 |
0.4 |
1.83 |
753 |
900 |
UCM - 10 |
Santa Cruz |
147.45 |
6.2 |
1.70 |
635 |
771 |
Including |
157.80 |
0.4 |
2.96 |
1,224 |
1,461 |
Silver equivalents are calculated at a ratio of
80:1 silver: gold. All widths are estimated true widths.
Qualified Person
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 SGS 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 Silver –
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: Galina Meleger, Director
Investor RelationsToll free: (877) 685-9775 Tel: (604) 640-4804
Fax: (604) 685-9744 Email: gmeleger@edrsilver.com
Website: www.edrsilver.com
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Cautionary Note Regarding 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
legislation. Such forward‑looking statements and information herein
include but are not limited to statements regarding Endeavour’s
anticipated performance in 2019 including changes in mining
operations and production levels, and the timing and results of
various activities. The Company does not intend to and does not
assume any obligation to update such forward-looking statements or
information, other than as required by applicable law.
Forward-looking statements or information
involve known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, production
levels, performance or achievements of Endeavour and its operations
to be materially different from those expressed or implied by such
statements. Such factors include but are not limited to changes in
production and costs guidance, national and local governments,
legislation, taxation, controls, regulations and political or
economic developments in Canada and Mexico; financial risks due to
precious metals prices, operating or technical difficulties in
mineral exploration, development and mining activities; risks and
hazards of mineral exploration, development and mining; the
speculative nature of mineral exploration and development, risks in
obtaining necessary licenses and permits, and challenges to the
Company’s title to properties; as well as those factors described
in the section “risk factors” contained in the Company’s most
recent form 40F/Annual Information Form filed with the S.E.C. and
Canadian securities regulatory authorities.
Forward-looking statements are based on
assumptions management believes to be reasonable, including but not
limited to: the continued operation of the Company’s mining
operations, no material adverse change in the market price of
commodities, mining operations will operate and the mining products
will be completed in accordance with management’s expectations and
achieve their stated production outcomes, and such other
assumptions and factors as set out herein. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements or information, there may be other
factors that cause results to be materially different from those
anticipated, described, estimated, assessed or intended. There can
be no assurance that any forward-looking statements or information
will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements or
information. Accordingly, readers should not place undue reliance
on forward-looking statements or information.
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