Endeavour Silver Intersects High-Grade Silver-Gold Mineralization at the Guanacevi Mine in Durango, Mexico
May 04 2021 - 6:50AM
Endeavour Silver Corp.
(TSX: EDR, NYSE: EXK) has
intersected high grade silver-gold mineralization in its 2021
exploration drill program to expand the El Curso orebody at the
Guanacevi Mine in Durango State, Mexico. The Company is
currently producing from three orebodies at Guanacevi: Milache, El
Curso and SCS. Exploration drilling is ongoing at El Curso and SCS
(view longitudinal section here).
Highlights from the latest drill results
include:
- 3.27 grams per tonne (gpt)
gold and 2,753 gpt silver for 2,982 gpt silver equivalent (AgEq at
an 70:1 silver:gold ratio) over a 4.1 metre (m) true width
(87.0 oz per short ton (opT) AgEq over 13.5 feet (ft)), including
0.6 gpt gold and 18,752 gpt silver for 18,794 gpt AgEq over 0.3 m
(548.2 opT AgEq over 1.0 ft) in drill hole UCM-48
- 4.29 gpt gold and 3,464 gpt
silver for 3,764 gpt AgEq over a 2.6 m true width (109.8
opT AgEq over 8.5 feet (ft)), including 25.7 gpt gold and 19,390
gpt silver for 21,189 gpt AgEq over 0.3 m (618.0 opT AgEq over 1.0
ft) in drill hole UCM-50
Luis Castro, Vice President of Exploration,
commented, “We continue to intersect excellent drill results as we
step out from the current margins of the El Curso orebody. There
remains an additional 100 m to drill until we connect El Curso with
the Milache orebody to the west, and there is a similar gap to fill
to connect El Curso with the Porvenir Cuatro orebody (previously
mined) to the east.”
“Ultimately, we anticipate that Porvenir Cuatro,
El Curso and Milache will all connect to form one continuous
orebody over a 1,500 m length by 400 m vertical extent. This would
make it comparable to the original Porvenir Norte orebody which
supported production at Guanacevi for over 14 years. The future is
looking bright for Guanacevi.”
Drill results are summarized in the following
table:
Hole |
Structure |
From |
True width |
Au |
Ag |
AgEq |
(m) |
(m) |
(gpt) |
(gpt) |
(gpt) |
UCM-43 |
Santa Cruz |
235.35 |
1.1 |
1.50 |
518 |
623 |
Including |
236.85 |
0.2 |
3.82 |
1,069 |
1,336 |
UCM-44 |
Santa Cruz |
251.15 |
1.6 |
1.31 |
530 |
622 |
Including |
253.75 |
0.3 |
4.02 |
1,361 |
1,642 |
UCM-45 |
Santa Cruz |
270.25 |
2.2 |
1.27 |
572 |
661 |
Including |
272.55 |
0.2 |
5.60 |
2,304 |
2,696 |
UCM-46 |
Santa Cruz |
139.00 |
1.0 |
2.43 |
39 |
209 |
Including |
139.00 |
0.5 |
3.73 |
18 |
279 |
UCM-47 |
Santa Cruz |
133.60 |
3.3 |
2.54 |
2,014 |
2,191 |
Including |
136.10 |
0.5 |
4.23 |
4,223 |
4,519 |
UCM-48 |
Santa Cruz |
151.70 |
4.1 |
3.27 |
2,753 |
2,981 |
Including |
157.80 |
0.3 |
0.60 |
18,752 |
18,794 |
UCM-50 |
Santa Cruz |
131.20 |
2.6 |
4.29 |
3,464 |
3,764 |
Including |
133.70 |
0.3 |
25.66 |
19,390 |
21,186 |
UCM-51 |
Santa Cruz |
148.00 |
1.4 |
0.48 |
235 |
269 |
Including |
148.00 |
0.3 |
0.89 |
328 |
391 |
UCM-53 |
Santa Cruz |
207.00 |
1.1 |
0.62 |
179 |
222 |
Including |
208.00 |
0.2 |
3.47 |
952 |
1,195 |
UCM-55 |
Santa Cruz |
230.25 |
3.0 |
1.09 |
420 |
496 |
Including |
232.45 |
0.5 |
1.79 |
856 |
981 |
UCM-56 |
Santa Cruz |
253.30 |
4.6 |
0.95 |
401 |
467 |
Including |
257.45 |
0.4 |
2.12 |
887 |
1,036 |
UCM-57 |
Santa Cruz |
239.25 |
2.9 |
0.50 |
275 |
310 |
Including |
240.50 |
0.3 |
2.06 |
741 |
885 |
UCM-58 |
Santa Cruz |
220.65 |
2.6 |
2.67 |
1,120 |
1,307 |
Including |
222.00 |
0.4 |
8.09 |
2,936 |
3,502 |
UCM-59 |
Santa Cruz |
304.85 |
2.0 |
1.76 |
1,180 |
1,303 |
Including |
305.35 |
0.2 |
7.31 |
5,832 |
6,343 |
UCM-63 |
Santa Cruz |
202.95 |
6.9 |
1.86 |
759 |
889 |
Including |
210.70 |
0.3 |
9.56 |
4,292 |
4,961 |
UCM-64 |
Santa Cruz |
226.60 |
1.3 |
0.58 |
210 |
250 |
Including |
226.60 |
0.2 |
0.77 |
301 |
355 |
Silver equivalents are calculated at a ratio of
70:1 silver:gold. All widths are estimated true widths.
Qualified Person and QA/QC -
Dale Mah, P.Geo., Vice President Corporate Development of Endeavour
Silver, is the Qualified Person who reviewed and approved the
technical information contained in this news release. 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 local field office and
shipped to SGS Labs, where they are dried, crushed, split and 250
gram pulp samples are prepared for analysis. Gold is determined by
fire assay with an atomic absorption (AAS) finish and silver by
aqua regia digestion with 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 three 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) 685-9775Tel: (604)
640-4804Email: gmeleger@edrsilver.comWebsite: 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 future
prospects of the Company’s mines and projects. The Company does not
intend to and does not assume any obligation to update such
forward-looking statements or information, other than as required
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Forward-looking statements or information
involve known and unknown risks, uncertainties and other factors
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operating or technical difficulties in mineral exploration,
development and mining activities; risks and hazards of mineral
exploration, development and mining; the speculative nature of
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necessary licenses and permits,
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