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Endeavour Silver finds more high-grade silver-gold in Mexico

Monday, October 24, 2016 11:33
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(Before It's News)

Endeavour Silver Corp. (NYSE:EXK, TSE:EDR) updated investors on Monday with its drilling progress at the Terronera property in Jalisco state, Mexico, where high-grade silver-gold mineralisation worth 6.5 metres of 923 grammes silver equivalent has been found.

Infill drilling on the Terronera property continues to define high-grade, silver-gold mineralization within the Terronera vein system, the company said. The main mineralised zone extends over 1,400 metres in length, to 350 m deep and is still open along strike to the southeast and downdip (view long section on the company’s website).

Recent drilling highlights are summarized in the associated table and include 717 grams per tonne (g/t) silver and 2.94 g/t gold (923 g/t silver equivalent (AgEq)) over 6.56 metres (m) of true width, or 26.9 ounces per ton AgEq over 21.5 feet, including 4,860 g/t silver and 2.99 g/t gold (5,069 g/t AgEq) over 0.39 m true width, or 147.8 ounces per ton AgEq over 1.3 feet in hole TR10.5-1.

“The deposit is still open for expansion at depth and to the southeast, and we now have high-priority drill targets identified in several other mineralized, subparallel veins to the north of the Terronera vein,” said Luis Castro, vice-president of exploration.

“Three drill rigs are currently working on the Terronera property for step-out drilling along the Terronera vein and exploratory drilling of some new targets. We used a June 30 cut-off date of drill results in order to update the resource estimate and facilitate mine engineering and economic analysis for the pre-feasibility study now under way,” he added.

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