Endeavour Silver Reports High Grade Silver-Gold Intersections in Multiple Veins From 2018 Drill Program at the Bolanitos Mine...
November 28 2018 - 6:50AM
Endeavour Silver Corp. (NYSE: EXK; TSX:
EDR) reports high grade silver-gold intersections in
multiple veins from the 2018 drill program at the Bolanitos mine in
Guanajuato, Mexico. A total of 55 drill holes from surface
and 11,000 metres were completed by the end of October on seven
different vein targets, all of which are located within four
kilometres of the Bolanitos plant (view longitudinal sections for
Herradura, Plateros and San Miguel).
Drilling highlights include high silver-gold
grades in two parallel veins at the San Miguel target just north of
the plant, such as 1,415 grams per tonne (gpt) silver and 2.25 gpt
gold over a 1.1 m true width (46.2 oz per short ton (opT) silver
equivalent (AgEq) over 3.6 feet (ft) in hole MG-06. Another
highlight comes from the Arcangel vein, part of the La Luz vein
system, and includes 138 gpt silver and 13.2 gpt gold over a true
width of 1.2 m (32.8 opT silver equivalent over 3.9 ft) in hole
LZU-17.
Luis Castro, Vice President, Exploration for
Endeavour Silver, commented, “These step-out drill results have
outlined several new mineralized areas and provided extensions to
known areas, with potential for new resources to extend the mine
life at Bolanitos. Specifically, San Miguel is a newly discovered
vein to the North East, that is more extensive than previously
recognized. Drilling has now wrapped up at Bolanitos for the year
and a new resource estimate is expected in January.”
Drilling highlights are summarized in the
following table of drill results.
Hole |
Structure |
From |
True width |
Au |
Ag |
AgEq |
(m) |
(m) |
(gpt) |
(gpt) |
(gpt) |
LZU-16 |
Arcangel |
94.10 |
8.0 |
2.68 |
6 |
207 |
Including |
101.05 |
0.5 |
6.93 |
10 |
530 |
LZU-17 |
Arcangel |
91.70 |
1.2 |
13.17 |
138 |
1,126 |
Including |
93.10 |
0.3 |
42.60 |
450 |
3,645 |
BL1.5S-3 |
HW Belen |
84.70 |
2.2 |
2.19 |
53 |
217 |
Including |
84.70 |
1.1 |
3.31 |
74 |
322 |
FWBLV1 |
126.20 |
2.2 |
2.05 |
121 |
274 |
Including |
127.00 |
0.3 |
3.24 |
154 |
397 |
BSV-09 |
Herradura |
163.15 |
1.5 |
3.74 |
49 |
330 |
Including |
164.70 |
0.3 |
5.69 |
91 |
518 |
BSV-10 |
Herradura |
222.25 |
1.1 |
1.70 |
90 |
218 |
Including |
222.55 |
0.4 |
2.87 |
134 |
349 |
BSV-11 |
Herradura |
234.30 |
1.2 |
1.73 |
330 |
460 |
Including |
234.30 |
0.3 |
1.59 |
1,125 |
1,244 |
BSV-15 |
Herradura |
194.30 |
1.3 |
2.92 |
51 |
270 |
Including |
195.30 |
0.4 |
4.12 |
55 |
364 |
PLU-01 |
La Luz |
112.00 |
1.9 |
2.62 |
18 |
214 |
Including |
114.05 |
0.1 |
7.54 |
55 |
620 |
Plateros |
251.90 |
1.9 |
2.48 |
90 |
276 |
Including |
252.45 |
0.3 |
4.27 |
272 |
592 |
PLU-03 |
Plateros |
162.50 |
1.4 |
1.01 |
155 |
231 |
Including |
163.20 |
0.2 |
1.40 |
284 |
389 |
PLU-04 |
Plateros |
183.15 |
1.5 |
8.66 |
89 |
738 |
Including |
184.70 |
0.3 |
13.30 |
161 |
1,159 |
PLU-06 |
Plateros |
154.20 |
2.0 |
1.93 |
109 |
253 |
Including |
157.00 |
0.3 |
6.88 |
274 |
790 |
PLU-07 |
Plateros |
240.45 |
1.1 |
1.32 |
260 |
359 |
Including |
240.45 |
0.4 |
2.67 |
523 |
723 |
PLU-11 |
Plateros |
141.55 |
1.8 |
4.21 |
91 |
407 |
Including |
144.45 |
0.2 |
14.55 |
319 |
1,410 |
PLU-13 |
Plateros |
186.60 |
2.4 |
1.22 |
107 |
198 |
Including |
191.90 |
0.2 |
0.89 |
598 |
665 |
MG-06 |
HW San Miguel |
39.90 |
1.1 |
2.25 |
1,415 |
1,584 |
Including |
40.55 |
0.3 |
5.08 |
3,710 |
4,091 |
San Miguel |
122.65 |
1.7 |
2.92 |
3 |
222 |
Including |
123.65 |
0.9 |
4.12 |
4 |
313 |
MG-07 |
HW San Miguel |
62.10 |
1.1 |
2.18 |
25 |
189 |
Including |
63.10 |
0.3 |
4.94 |
55 |
426 |
San Miguel |
133.70 |
1.6 |
6.79 |
420 |
929 |
Including |
135.60 |
0.2 |
48.70 |
3,540 |
7,193 |
MG-08 |
San Ignacio |
22.50 |
1.3 |
0.27 |
148 |
168 |
Including |
22.50 |
0.5 |
0.42 |
208 |
239 |
HW San Miguel |
104.60 |
1.0 |
2.02 |
9 |
160 |
Including |
105.60 |
0.3 |
3.05 |
10 |
239 |
MG-09 |
San Ignacio |
26.50 |
1.9 |
1.82 |
162 |
298 |
Including |
27.60 |
0.2 |
2.22 |
352 |
519 |
San Miguel |
100.25 |
1.9 |
3.42 |
102 |
358 |
Including |
102.00 |
0.3 |
5.42 |
194 |
601 |
BUV-21 |
Santa Maria |
77.20 |
1.4 |
2.38 |
635 |
813 |
Including |
77.60 |
0.2 |
2.30 |
2,731 |
2,903 |
BUV-24 |
Bolañitos |
188.10 |
1.1 |
0.28 |
218 |
239 |
Including |
189.10 |
0.2 |
1.17 |
1,021 |
1,109 |
Silver equivalents are calculated at a ratio of
75:1 silver: gold. All widths are estimated true widths.
About Endeavour Silver –
Endeavour Silver Corp. is a mid-tier precious metals mining company
that owns three high-grade, underground, silver-gold mines in
Mexico. Endeavour is currently commissioning its fourth mine at El
Compas, advancing a possible fifth mine at the Terronera mine
project 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) 685-9775 Tel: (604) 640-4804 Fax: (604)
685-9744 Email: gmeleger@edrsilver.com Website:
www.edrsilver.com
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