Endeavour Silver Expands High-Grade Silver-Gold Mineralized Zones in Terronera and La Luz Veins on the Terronera Property in Jalisco, Mexico
(firmenpresse) - Endeavour Silver Expands High-Grade Silver-Gold Mineralized Zones in Terronera and La Luz Veins on the Terronera Property in Jalisco, Mexico
Vancouver, Canada - March 16, 2017 - Endeavour Silver Corp. (NYSE: EXK, TSX: EDR http://www.commodity-tv.net/c/mid,36622,VRIC_2017/?v=297273) announces that exploration drilling on the Terronera property in Jalisco State, Mexico continues to expand the recently discovered high-grade, silver-gold mineralized zones to greater depths within the Terronera vein and at shallow depths within the La Luz vein.
Recent drilling in the Terronera vein has expanded the main high-grade, mineralized zone down to 400 metre (m) depths, still open to depth and to the southeast (view long section here: http://edrsilver.com/_resources/maps/Longitudinal_Terronera.jpg). In addition to the main zone, drilling intercepted mineralized footwall (Fw) and hangingwall (Hw) splays. In some places the splays merge to form one very thick mineralized zone (eg. Hole TR11-3). None of the drill results reported herein are included in the upcoming resource estimate and pre-feasibility study (PFS) for Terronera, and they indicate clear potential to expand resources within the Terronera vein.
Drill results from five holes* previously reported in October and December 2016, plus four new drill holes reported herein, are summarized in the table below. Highlights include 230 grams per tonne (gpt) silver and 1.8 gpt gold (359 gpt AgEq) over 16.3 m true width, or 10.5 opT AgEq over 53.5 ft, with an internal interval assaying 3,490 gpt silver and 8.9 gpt gold (4,110 gpt AgEq) over 0.3 m true width, or 119.8 opT AgEq over 1.0 ft, in hole TR11-3.
Hole Structure From True wiAu Ag AgEq
dth
(m) (m) (gpt) (gpt) (gpt)
TR03-6*Terronera 516.05 2.0 1.9 127 259
Including 516.05 1.1 3.3 152 386
TR09-6*Terronera 505.10 6.7 5.0 226 576
Including 511.40 0.7 16.9 527 1,710
TR10.5-Terronera 380.75 6.6 2.9 717 923
1
*
Including 386.90 0.4 3.0 4,860 5,069
TR12-6*Terronera 419.15 4.5 1.8 71 199
Including 423.35 0.3 3.9 206 479
Fw Terronera 436.50 1.6 0.3 243 268
Including 436.50 0.1 0.5 764 801
TR14-7*Terronera 363.90 4.8 3.9 109 383
Including 372.25 0.5 11.1 246 1,020
TR11-3 Terronera 498.55 16.3 1.8 230 359
Including 515.25 0.3 8.9 3,490 4,110
KP16-01Terronera 32.00 1.7 6.9 82 562
A
Including 34.75 0.2 16.9 125 1,308
Fw Terronera 38.00 7.7 1.8 116 243
Including 48.80 0.7 3.6 300 553
KP16-02Hw Terronera 158.45 3.5 2.1 192 337
Including 162.35 0.6 5.4 355 736
Terronera 195.10 7.1 3.0 118 326
Including 210.90 0.1 12.0 294 1,134
KP16-04Terronera 263.15 7.5 0.7 307 356
Including 271.20 0.6 1.4 1,160 1,259
Fw Terronera 320.30 1.9 0.4 275 302
Including 321.30 0.4 1.2 860 942
Silver equivalents are calculated at a ratio of 70:1 silver:gold.
Recent drilling in the La Luz vein, located about 2.2 kilometres northeast of the Terronera vein, has expanded the new high-grade, mineralized zone over 500 m long by 250 m deep starting approximately 100 m below surface and still open to surface and to depth (view long section here: http://edrsilver.com/_resources/maps/Longitudinal_La_Luz.jpg). None of the drill results reported herein are included in the upcoming resource estimate and pre-feasibility study (PFS) for Terronera, and they indicate clear potential to expand resources within the La Luz vein.
Drill results from seven holes* previously reported in December 2016, plus seven new drill holes reported herein, are summarized in the table below. Highlights include 63 gpt silver and 57.0 gpt gold (4,054 gpt AgEq) over 2.2 m true width, or 118.0 opT AgEq over 7.2 ft, with an internal interval assaying 340 gpt silver and 320.0 gpt gold (22,740 gpt AgEq) over 0.3 m true width, or 663.0 opT AgEq over 1.0 ft, in hole LL-21.
Hole Structure From True wiAu Ag AgEq
dth
(m) (m) (gpt) (gpt) (gpt)
LL-02* La Luz 207.45 1.1 58.6 408 4,512
Including 208.61 0.3 238.0 1365 18,025
LL-04* La Luz 244.10 1.2 4.0 194 478
Including 244.40 0.2 12.2 751 1,605
LL-06* La Luz 87.80 1.0 2.6 61 246
Including 88.25 0.6 4.1 35 320
LL-07* La Luz 113.90 1.4 3.1 202 418
Including 113.90 0.7 6.1 233 661
LL-08* La Luz 95.25 1.6 5.3 86 454
Including 96.45 0.8 8.8 24 637
LL-10* La Luz 127.40 3.3 2.3 140 303
Including 130.45 0.4 5.6 176 568
LL-12* La Luz 176.10 1.8 0.6 244 283
Including 176.10 0.5 1.3 548 638
LL-13 La Luz 131.75 1.5 19.0 407 1,735
Including 132.95 0.4 48.9 680 4,103
LL-14 La Luz 175.30 1.5 29.5 651 2,719
Including 176.25 0.6 62.9 844 5,247
LL-17 La Luz 124.55 1.4 23.1 245 1,865
Including 124.55 0.5 47.5 212 3,537
LL-18 La Luz 174.00 2.0 12.8 21 916
Including 174.00 0.2 49.6 48 3,520
LL-19 La Luz 193.20 1.1 2.7 7 194
Including 193.75 0.4 5.9 13 426
LL-20 La Luz 169.15 1.5 6.4 40 484
Including 171.75 0.3 12.4 21 886
LL-21 La Luz 173.10 2.2 57.0 63 4,054
Including 173.60 0.3 320.0 340 22,740
Silver equivalents are calculated at a ratio of 70:1 silver:gold.
Bradford Cooke, CEO of Endeavour Silver, commented, Although narrower than the Terronera vein, mineralization in the La Luz vein is much higher grade, more gold rich, and shallower in depth compared to Terronera. Both sets of drill results indicate the excellent exploration potential of the property. Several other veins hosting high-grade mineralization on surface north of the Terronera vein are scheduled for drilling this year. Two drill rigs are currently working on the Terronera property.
Godfrey Walton, M.Sc., P.Geo., Endeavours 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 has been instituted 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 and silver are determined by fire assay with an atomic absorption (AA) finish.
About Endeavour Silver - Endeavour Silver is a mid-tier precious metals mining company that owns three high grade, underground, silver-gold mines in Mexico. Since start-up in 2004, the company has grown its mining operations to produce 9.7 million ounces of silver and equivalents in 2016. We find, build and operate quality silver mines in a sustainable way to create real value for all stakeholders. Endeavour Silvers shares trade on the TSX (symbol EDR) and on the NYSE (symbol EXK).
Contact Information - For more information, please contact Meghan Brown, Director Investor Relations
toll free: 1-877-685-9775
tel: 604-640-4804
email: mbrown(at)edrsilver.com
website: www.edrsilver.com
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 Endeavours anticipated performance in 2017 and the timing and results of various future 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, 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 Companys title to properties; as well as those factors described in the section risk factors contained in the Companys 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 Companys 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 managements 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.
Leseranfragen:
Wir sind ein mittelständisches Silberexplorationsunternehmen, das sich auf die Silberproduktion in Mexiko spezialisiert hat.
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Datum: 16.03.2017 - 15:39 Uhr
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