Endeavour Silver Drilling Discovers Potential Bulk Tonnage Silver Mineralization in the Palmilla Mine Area, Parral Project, Chihuahua, Mexico
(firmenpresse) - Endeavour Silver Drilling Discovers Potential Bulk Tonnage Silver Mineralization in the Palmilla Mine Area, Parral Project, Chihuahua, Mexico
Vancouver, Canada - November 15, 2017 - Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) announces that exploration drilling on the Parral property in Chihuahua State, Mexico has discovered potential bulk tonnage silver mineralization within the Palmilla-Capuzaya-La Luz veins in the Palmilla mine area.
Palmilla was an historic high grade silver mine which provided silver to the Mexican mint in the late 1800s. While most of the narrow, high grade ores were mined out from underground workings located on and immediately south of the Parral property, Endeavour drilling has outlined lower grade, bulk tonnage mineralization above and along strike of the old workings that may be amenable to open pit mining.
Thirty two drill holes totaling 6,370 metres (m) of core were drilled to test the Palmilla mine area (view maps here). The drill holes were spaced at approximately 50 m centres along two main mineralized structures over an area 550 m long by 250 m wide by 150 m deep.
Drilling highlights include 11.1 m (36.4 feet (ft)) true width grading 154 grams per tonne (gpt) silver, 0.36 gpt gold, 0.07% lead and 0.23% zinc (179 gpt silver equivalent (AgEq) or 5.8 oz per tonne (opt) AgEq) in hole PAL-02. Other highlights include two intercepts of 11.0 m (36.1 ft) assaying 118 gpt silver, 0.60 gpt gold, 0.15% lead and 0.22% zinc (160 gpt AgEq or 5.1 opt AgEq) and 15.1 m (49.5 ft) running 114 gpt silver, 0.2 gpt gold, 0.22% lead and 0.33% zinc (128 gpt AgEq or 4.1 opt AgEq) in hole PAL-13.
Results for the 24 top drill intercepts are summarized in the table below.
Hole StructureFrom True Au Ag Pb Zn AgEq
width
(m) (m) (gpt) (gpt) (%) (%) (gpt)
PAL-01 Capuzaya 102.00 13.08 0.14 49 0.2540.65159
Including109.00 0.4 0.06 139 1.0100.235143
PAL-02 Palmilla 119.70 11.1 0.36 154 0.0710.227180
Including145.45 0.5 0.15 1,115 0.0450.2771,126
PAL-04 Capuzaya 100.75 10.4 0.11 52 0.1730.40660
Including117.90 0.2 0.38 166 0.2371.005192
PAL-05 Capuzaya 47.90 5.0 0.13 84 0.1510.28893
Including51.85 0.3 1.02 757 0.4770.083828
PAL-06 Capuzaya 75.85 5.1 0.01 151 0.0510.304151
Including78.15 0.6 0.01 486 0.0660.322487
PAL-07 Capuzaya 51.85 28.5 0.03 60 0.0790.59162
Including58.60 1.0 0.03 347 0.4550.079349
PAL-08 Palmilla 69.15 13.4 0.35 79 0.1680.279103
Including79.90 0.7 0.20 227 1.8150.183241
PAL-09 Capuzaya 82.10 11.8 0.09 139 0.1410.219145
including85.15 0.3 0.19 1,050 2.3600.2241,063
PAL-10 Capuzaya 68.40 9.9 0.04 76 0.1430.31279
Including72.90 0.9 0.04 233 0.1910.178236
PAL-11 Capuzaya 145.20 6.7 0.30 206 0.2920.499227
Including147.20 0.3 1.17 889 0.1550.108971
PAL-13 La Luz 78.80 11.0 0.60 118 0.1450.222160
Including84.40 0.7 2.13 596 0.6210.159745
Palmilla 97.05 15.1 0.20 114 0.2160.331128
including108.15 0.4 0.21 383 0.1440.220398
PAL-14 Capuzaya 111.00 12.4 0.19 43 0.9551.45756
Including119.40 0.6 0.87 222 6.2900.290283
PAL-15 La Luz 108.00 7.2 0.08 100 0.1370.301106
Including113.90 0.4 0.14 572 0.6820.438582
PAL-17 Capuzaya 77.90 5.5 0.08 63 0.0960.29069
Including81.50 1.0 0.08 126 0.0960.387132
PAL-18 Capuzaya 59.55 5.1 0.35 72 0.2290.29196
Including59.55 0.4 0.70 284 1.6050.328333
PAL-20 Palmilla 14.80 12.8 0.58 63 0.0180.109104
Including19.30 0.9 1.72 261 0.0290.063381
PAL-21 Capuzaya 101.35 13.4 0.10 91 0.3610.56598
including125.05 0.3 0.14 499 0.5440.948509
PAL-22 La Luz 72.40 12.9 0.07 92 0.1520.25597
Including85.00 0.7 0.28 248 0.2870.080268
Palmilla 96.05 6.8 0.11 65 0.0840.15873
Including103.00 0.8 0.04 207 0.4410.215210
PAL-24 La Luz 115.70 5.2 0.05 47 0.1420.42951
Including126.40 0.3 0.01 119 0.0540.277120
Palmilla 177.30 5.0 0.11 96 0.3130.255103
Including182.00 0.3 0.13 582 0.2890.145591
PAL-25 La Luz 40.50 15.0 0.14 117 0.2020.269127
Including65.50 2.4 0.12 681 1.8950.084690
Palmilla 89.05 15.9 0.75 35 0.3660.73688
Including93.85 0.7 12.05 80 0.1221.130924
PAL-26 Capuzaya 55.90 6.0 0.01 61 0.0810.52862
Including55.90 1.0 0.02 184 0.1410.328185
PAL-27 La Luz 130.60 5.1 0.10 79 0.1640.47685
Including138.60 0.2 0.07 490 0.8480.353495
Palmilla 173.20 6.8 0.21 64 0.8370.52079
Including174.25 0.7 0.04 215 0.7660.151218
PAL-29 La Luz 55.10 5.4 0.01 111 0.0820.367112
Including56.10 0.3 0.03 437 0.0780.894439
Capuzaya 144.00 5.7 0.01 446 0.4020.678447
Including145.20 0.9 0.01 2,170 0.5760.4372,171
PAL-32 Palmilla 77.35 13.2 0.56 121 0.1920.388160
Including99.75 0.3 0.11 1,150 2,0500.9371,157
Capuzaya 118.00 11.8 0.12 46 0.1740.34054
Including124.65 0.3 0.11 133 0.7651.115141
Silver equivalents are calculated at a ratio of 70:1 silver: gold, excluding base metals and expected recoveries.
Luis Castro, Vice President of Exploration for Endeavour Silver, commented, Our discovery of potential bulk tonnage silver-gold-lead-zinc mineralization in the Palmilla mine area, that may be amenable to open pit mining, is an exciting new development for the Parral district in general and our property in particular.
It gives us a second mineralized area with resource potential to complement the Veta Colorada area where we have already verified a portion of the historic high grade silver resource (see news release dated October 24, 2017).
Drilling continues on the Parral property in a third mineralized area known as the San Patricio vein which lies to the north of Palmilla. A new resource estimate for the Parral property will be prepared at year-end for release in the 1st quarter of 2018.
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 is used 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, Endeavour has grown its mining operations organically 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 (EDR) and the NYSE (EXK).
Contact Information - For more information, please contact:
Galina Meleger, Director of Investor Relations
Toll free: (877) 685-9775
Fax: (604) 685-9744
Email: gmeleger(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 including changes in mining and operations 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, 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 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 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: 16.11.2017 - 07:44 Uhr
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News-ID 568415
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