Endeavour Silver Corp. (NYSE:EXK)(TSX:EDR) announces that exploration drilling
at the El Cubo mine in Guanajuato State, Mexico has extended the recently
discovered high grade, silver-gold mineralized zone in the Asuncion area of the
Villalpando vein system (V-Asuncion) to over 800 metres long, still open at
depth and to the southeast for expansion.


Drilling highlights from the V-Asuncion area in 2014 include 194 grams per tonne
(gpt) silver and 2.89 gpt gold over 13.6 metres (m) true width, or 10.7 ounces
per ton (opT) silver equivalents over 44.6 feet (ft), in hole CAS-44, including
10,843 gpt silver and 99.2 gpt gold over 0.15 m true width, or 490 opT silver
equivalents over 0.5 ft (this high grade interval is uncut but only 1% of the
total interval).


At a 100 gpt/m cutoff, this mineralized zone now measures more than 800 m long
by up to 400 m deep by up to 14 metres thick (see V-Asuncion longitudinal
section here). Silver equivalents are calculated at a ratio of 60: 1 silver:
gold. Drilling highlights were as follows:




----------------------------------------------------------------------------
                               From     True Width      Au       Ag     AgEq
Hole      Structure             (m)            (m)   (gpt)    (gpt)    (gpt)
----------------------------------------------------------------------------
CAS-39    Villalpando        285.10           4.80    1.59      268      363
                         ---------------------------------------------------
          Including          288.35           0.77    2.68      476      637
----------------------------------------------------------------------------
CAS-41    Villalpando        440.05           1.52    2.85      179      350
                         ---------------------------------------------------
          Including          440.70           0.74    3.87      231      463
----------------------------------------------------------------------------
CAS-42    Villalpando        202.30           1.51    4.35      692      953
                         ---------------------------------------------------
          Including          202.75           0.75    8.20     1225     1717
----------------------------------------------------------------------------
CAS-43    Villalpando        233.95           5.94    1.34      144      224
                         ---------------------------------------------------
          Including          234.50           0.57    6.05      373      736
----------------------------------------------------------------------------
CAS-44    Villalpando        264.10          13.56    2.89      194      368
                         ---------------------------------------------------
          Including          265.00           0.15   99.20    10843    16795
----------------------------------------------------------------------------
CAS-47    Villalpando        188.40           1.50    0.87      181      234
                         ---------------------------------------------------
          Including          189.95           0.24    0.94      465      521
----------------------------------------------------------------------------
CAS-48    Villalpando        228.80           3.95    1.30      143      221
                         ---------------------------------------------------
          Including          228.80           0.27    2.61      275      432
----------------------------------------------------------------------------



In 2012, Endeavour identified the V-Asuncion area as one of several highly
prospective target areas for the discovery of new high grade silver-gold
mineralization at El Cubo. At that time, the evidence for potential
mineralization consisted of some old flooded mine workings at V-Asuncion, high
grade mineralization in a small resource area a few hundred metres to the
northwest within the Villalpando vein, and an extensive area to the southeast of
V-Asuncion within the prospective "bonanza" horizon that had never been drilled.


In 2013, the Company dewatered the V-Asuncion mine area and gained access to map
and sample the underground mine workings. Exploration crews discovered that the
V-Asuncion area hosted not one but two veins in what was clearly a strong
dilation zone within the eight kilometre long Villalpando vein, one of the main
veins hosting historic silver-gold mines at El Cubo. Surface drilling confirmed
the presence of two vein splays and the discovery of the new V-Asuncion high
grade mineralized zone.


In 2014, the focus in the V-Asuncion area is three-fold: step-out drilling with
two surface drill rigs to determine the size of the resource, underground mine
development to provide access to the mineralized zone and outline new reserves,
and production to expand the mine output from 1,200 tpd up to 1,550 tpd in order
to fill the plant to capacity by year-end.


Luis Castro, Vice President of Exploration, commented, "With our refined
understanding of the local geological controls on mineralization at El Cubo, we
were able to go from target definition to a new discovery to resource and
reserve definition at V-Asuncion in the space of one year. We estimated a small
resource for this area at the end of 2013 and we anticipate it to be
significantly larger for our year-end reserve/resource estimate and mine plan.
In fact, typical of the Endeavour business model, the mine operations team
gained access to and commenced production from the V-Asuncion area last year."


Godfrey Walton, M.Sc., P.Geo. President and COO, is the Qualified Person who
reviewed and approved this news release and supervised the drilling programs at
El Cubo. A Quality Control sampling program of reference standards, blanks and
duplicates has been instituted to monitor the integrity of all assay results.
All samples are split at the El Cubo field office and shipped to ALS-Chemex
Labs, where they are dried, crushed, split and 50 gram pulp samples are prepared
for analysis. Gold and silver are determined by fire assay with an atomic
absorption (AA) finish.


About Endeavour - Endeavour is a mid-tier silver mining company focused on
growing its production, reserves and resources in Mexico. Since start-up in
2004, Endeavour has posted nine consecutive years of accretive growth of its
silver mining operations. The organic expansion programs now underway at
Endeavour's three silver-gold mines in Mexico combined with its strategic
acquisition and exploration programs should facilitate Endeavour's goal to
become a premier senior silver producer.


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 2014, the timing and results of exploration drill programs and
expectations of increased resource/reserve estimates. 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, performance or achievements of Endeavour and its operations to be
materially different from those expressed or implied by such statements. Such
factors include, among others, changes in national and local governments,
legislation, taxation, controls, regulations and political or economic
developments in Canada and Mexico; 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; fluctuations in the prices
of commodities and their impact on reserves and resources 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, drilling results to achieve increases in resource/reserve
estimates, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Endeavour Silver Corp.
Meghan Brown
Director Investor Relations
Toll free: 1-877-685-9775 / 604-640-4804
604-685-9744 (FAX)
mbrown@edrsilver.com
www.edrsilver.com
Endeavour Silver (TSX:EDR)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Endeavour Silver Charts.
Endeavour Silver (TSX:EDR)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Endeavour Silver Charts.