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Endeavour Silver Corp.
Summary
| Project: | Bolanitos | |
|---|---|---|
| Deposit: | Bolanitos | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| Date: | 1/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-1-2017: Endeavour Silver Corp. announces a Resource Estimation report for its Bolanitos deposit at the Bolanitos project. Updated resource and reserve estimate at project. Vancouver, Canada – January 19, 2017 – Endeavour Silver Corp. (TSX: EDR, NYSE: E | |
| Resources: | (Reserve): 157000t @ 311g/t AgEq (Prov) and 238000t @ 245g/t AgEq (Prob) | |
| CP/QP: | [Resources]: Zachary Black, Jeffery Choquette (Hardrock Mining Consulting LLC) | |
| ABSTRACT: | Vancouver, Canada – January 19, 2017 – Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) reports updated NI 43-101 silver and gold reserve and resource estimates for its three producing mines in Mexico: the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State, as of December 31, 2016, and restates the 2015 silver and gold resource estimates for its exploration projects. Updated mineral reserve and resource estimates for Endeavour’s Terronera and El Compas properties will be published in conjunction with their respective economic studies in March, 2017. Proven and probable silver reserves decreased 12% in 2016 compared to 2015, reflecting mining depletion and reduction in mine development capital investments at the three mines last year due to low metal prices early in the year. Measured and indicated silver resources decreased 2% and inferred silver resources declined 18% due to reduced exploration spending at the operations and dropping the Arroyo Seco project. Exploration programs and budgets were focused on the advancement of the Terronera project, where mineral resources are expected to increase compared to 2015. An initial mineral resource estimate is also being prepared for El Compas in an upcoming preliminary economic assessment. | |
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