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Endeavour Silver Corp.
Summary
| Project: | Parral | |
|---|---|---|
| Deposit: | Argentina-Remedios | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 10/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2017: Endeavour Silver Corp. announces an Exploration/Drilling Update report for its Argentina-Remedios deposit at the Parral project. Drilling results incl. 2.3m @ 4641g/t Ag from 332.90m. VANCOUVER, British Columbia, Oct. 24, 2017 -- Endeavour Sil | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Godfrey Walton (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 24, 2017 -- Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) announces that exploration drilling on the Parral property in Chihuahua State, Mexico has verified high grade silver mineralization within the Argentina-Remedios area of the Veta Colorada, which was drilled but never mined by a previous owner, IMMSA. Industrial Minera Mexico, S.A. de C.V. (IMMSA) operated a high grade silver mine on the Veta Colorada until 1990 and on closing left behind a 32.1 million oz historical silver resource contained in 4.0 million tonnes (t) grading 248.5 grams per tonne (gpt). A qualified person has not done sufficient work to classify this historical estimate as a current mineral resource, Endeavour has not verified the historical resource and is not relying on it as a current mineral resource. Twenty-one drill holes totaling 6,928 metres (m) of core were drilled to test the portion of the historic resource located within the Argentina-Remedios area of the Veta Colorada. (View long section here). The drill holes were spaced at approximately 100 m centres over an area 400 m long by 400 m deep. Luis Castro, Vice President, Exploration for Endeavour Silver, commented, “These encouraging drill results help to verify the portion of the historic resource within the Argentina-Remedios area of the Veta Colorada. A new resource estimate will be prepared at year-end for release in the 1st quarter of 2018. “Drilling is ongoing at other areas of the Parral property such as Palmilla and San Patricio, where there was a history of high grade mining but very little drilling and no previous resources, to test for new silver resources. We plan to release additional drill results during the 4th quarter of 2017. | |
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