Endeavour Silver Continues to Intersect Positive Drill Results at the Parral Project
08 Setembro 2022 - 07:50AM
Endeavour Silver Corp.
(TSX: EDR, NYSE: EXK) is
pleased to report positive drill results from its ongoing drill
program at its Parral project in the State of Chihuahua, Mexico.
The high-grade silver results show the potential for resource
expansion at depth and along strike in the El Verde and Sierra
Plata Deep areas along the Veta Colorada structure. Since April of
this year, the Company has drilled over 5,300 meters in 23 holes,
totaling 8,100 meters year to date, with the aim to define and
extend mineralized zones.
Considerable exploration potential remains along
the 35 square kilometre land package and exploration will be
on-going, with additional testing for new discoveries with surface
mapping and sampling underway. This program will aid the Company’s
goal to define a mineral resource large enough to support a
preliminary economic assessment.
Highlights from Recent Drill
Results
- 199 gpt Ag, 4.68% Pb and
2.64% Zn for 428 gpt AgEq over a 3.48 m ETW, including 501
gpt Ag, 8.08% Pb and 6.50% Zn for 971 gpt AgEq over 0.27 m
(VCU-78)
- 322 gpt Ag, 5.19% Pb and
1.62% Zn for 528 gpt AgEq over a 1.67 m ETW, including 605
gpt Ag, 14.8% Pb and 3.46% Zn for 1,150 gpt AgEq over 0.53 m
(VCU-80)
- 664 gpt Ag, 1.88% Pb and
0.80% Zn for 747 gpt AgEq over a 5.56 m ETW, including
5,600 gpt Ag, 15.35% Pb and 1.75% Zn for 6,096 gpt AgEq over 0.22 m
(VCU-90)
- 242 gpt Ag, 0.48% Pb and
1.66% Zn for 317 gpt AgEq over a 5.34 m ETW, including 711
gpt Ag, 0.53% Pb and 2.13% Zn for 806 gpt AgEq over 0.52 m
(VCU-96)
Abbreviations include: gpt: grams per tonne; Ag:
silver; Pb: lead; Zn: zinc; ETW: estimated true width; m: metre;
HW: hanging wall. Silver equivalents are calculated using a silver
price of $22 per troy ounce, lead price of $0.90 per pound and zinc
price of $1.20 per pound.
“In the areas of the El Verde and Sierra Plata
historically mined areas, we continue to verify extensions of the
mineralized zones at depth and along strike,” stated Dan
Dickson, Chief Executive Officer. “The focus for the rest of the
year will be to test the northern part of the project with a
surface drilling program on various north to south striking
structures, such as the northern extension of Veta Colorada, San
Alberto and the El Cabezón systems; as well as resuming drilling of
the San Patricio vein.”
Latest Drill Results
The Parral drill results are summarized in the following
tables:
Parral - Veta Colorada El Verde
(view Veta Colorada (El Verde) longitudinal section)
Hole |
Structure |
From |
To |
True Width |
Ag |
Pb |
Zn |
AgEq |
(m) |
(m) |
(m) |
(gpt) |
(%) |
(%) |
(gpt) |
VCU-78 |
Veta Colorada |
274.20 |
279.45 |
3.48 |
199 |
4.68 |
2.64 |
428 |
Including |
276.65 |
277.05 |
0.27 |
501 |
8.08 |
6.50 |
971 |
VCU-79 |
Hw Veta Colorada |
210.95 |
212.45 |
1.32 |
96 |
0.22 |
0.31 |
114 |
Including |
210.95 |
212.00 |
0.93 |
95 |
0.26 |
0.37 |
116 |
Veta Colorada |
216.40 |
218.40 |
1.77 |
297 |
0.64 |
2.28 |
400 |
Including |
217.50 |
218.40 |
0.79 |
337 |
0.77 |
3.27 |
481 |
VCU-80 |
Veta Colorada |
261.00 |
263.20 |
1.67 |
322 |
5.19 |
1.62 |
528 |
Including |
262.20 |
262.90 |
0.53 |
605 |
14.80 |
3.46 |
1,150 |
VCU-81 |
Veta Colorada |
309.80 |
312.05 |
1.32 |
83 |
0.81 |
0.35 |
119 |
Including |
310.75 |
311.40 |
0.38 |
188 |
1.16 |
0.59 |
243 |
Parral - Veta Colorada Sierra Plata
Deep (view Veta Colorada (Sierra Plata) longitudinal
section)
Hole |
Structure |
From |
To |
True Width |
Ag |
Pb |
Zn |
AgEq |
(m) |
(m) |
(m) |
(gpt) |
(%) |
(%) |
(gpt) |
VCU-83 |
Veta Colorada |
145.85 |
147.35 |
0.93 |
70 |
4.09 |
3.48 |
315 |
Including |
145.85 |
146.50 |
0.40 |
97 |
8.75 |
6.96 |
603 |
VCU-87 |
Hw Veta Colorada |
88.35 |
90.05 |
1.26 |
59 |
0.92 |
4.01 |
234 |
Including |
88.35 |
88.90 |
0.41 |
79 |
2.38 |
4.10 |
299 |
Veta Colorada |
93.00 |
95.10 |
1.58 |
135 |
3.40 |
3.42 |
358 |
Including |
93.00 |
93.60 |
0.45 |
141 |
5.89 |
3.96 |
454 |
VCU-88 |
Veta Colorada |
143.75 |
145.40 |
0.90 |
193 |
7.11 |
5.71 |
606 |
Including |
144.45 |
145.40 |
0.52 |
269 |
7.80 |
8.17 |
793 |
VCU-89 |
Veta Colorada |
185.90 |
189.95 |
1.68 |
163 |
2.62 |
2.53 |
331 |
Including |
187.85 |
188.40 |
0.23 |
312 |
3.87 |
4.57 |
591 |
VCU-90 |
Hw Veta Colorada |
136.50 |
145.15 |
5.56 |
664 |
1.88 |
0.80 |
747 |
Including |
142.85 |
143.20 |
0.22 |
5,600 |
15.35 |
1.75 |
6,096 |
Veta Colorada |
150.00 |
154.70 |
3.05 |
145 |
0.18 |
0.49 |
168 |
Including |
153.85 |
154.70 |
0.55 |
247 |
0.28 |
1.87 |
325 |
VCU-92 |
Veta Colorada |
77.15 |
78.90 |
1.74 |
88 |
1.38 |
2.05 |
203 |
Including |
77.15 |
78.00 |
0.85 |
167 |
2.82 |
4.07 |
398 |
VCU-93 |
Veta Colorada |
245.00 |
248.00 |
1.70 |
122 |
0.86 |
0.74 |
174 |
Including |
246.00 |
246.75 |
0.42 |
206 |
0.14 |
0.14 |
215 |
VCU-94 |
Veta Colorada |
254.70 |
256.65 |
1.03 |
155 |
0.31 |
1.10 |
205 |
Including |
254.70 |
256.00 |
0.69 |
172 |
0.39 |
1.32 |
232 |
VCU-95 |
Veta Colorada |
226.35 |
229.55 |
2.04 |
131 |
2.67 |
2.38 |
295 |
Including |
229.05 |
229.55 |
0.32 |
283 |
3.41 |
7.43 |
657 |
VCU-96 |
Veta Colorada |
159.30 |
165.40 |
5.34 |
242 |
0.48 |
1.66 |
317 |
Including |
159.30 |
159.90 |
0.52 |
711 |
0.53 |
2.13 |
806 |
VCU-97 |
Veta Colorada |
206.90 |
209.15 |
1.62 |
247 |
1.58 |
1.44 |
345 |
Including |
206.90 |
207.55 |
0.47 |
406 |
1.29 |
0.83 |
473 |
VCU-98 |
Veta Colorada |
203.55 |
205.40 |
1.33 |
124 |
0.64 |
0.88 |
175 |
Including |
204.90 |
205.40 |
0.36 |
146 |
1.26 |
1.14 |
224 |
VCU-99 |
Veta Colorada |
194.30 |
195.70 |
0.97 |
105 |
0.76 |
0.95 |
162 |
Including |
195.00 |
195.70 |
0.49 |
142 |
0.90 |
1.79 |
234 |
VCU-100 |
Veta Colorada |
234.00 |
235.90 |
1.12 |
105 |
0.53 |
1.13 |
162 |
Including |
234.45 |
234.90 |
0.26 |
235 |
1.55 |
3.39 |
405 |
- Drill holes VCU-82, VCU-84, VCU-85,
VCU-86 and VCU-91 returned no significant results
Notes to Tables
- Silver equivalents are calculated using the formula:Ag (gpt) +
[Pb (%) X 2204.6 X Pb Price / Ag Price X 31.1] + [Zn (%) X 2204.6 X
Zn Price / Ag Price X 31.1]
- Price assumptions used are: Pb $0.90, Zn $1.20 and Ag
$22.00
- Minor amounts of gold and copper are present but are not
considered economical
- All widths are estimated true widths
- No capping has been applied but high-grade intervals have been
highlighted
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 ALS 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 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 operates two high-grade underground silver-gold mines in
Mexico. Endeavour is currently advancing the Terronera mine project
towards a development decision, pending financing and final permits
and exploring its portfolio of exploration and development projects
in Mexico, Chile and the United States to facilitate its goal of
becoming a premier senior silver producer. Our philosophy of
corporate social integrity creates value for all stakeholders.
SOURCE Endeavour Silver Corp.
Contact Information Galina Meleger, VP,
Investor RelationsEmail: 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
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, production
levels, performance or achievements to be materially different from
those expressed or implied by such statements. Such factors include
but are not limited to the ultimate impact of the COVID 19 pandemic
on operations and results, changes in production and costs
guidance, 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 and risks in obtaining
necessary licenses and permits, and challenges to the Company’s
title to properties; 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 exploration and 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, 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.
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