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Endeavour Silver Corp.
Summary
| Project: | El Compas | |
|---|---|---|
| Deposit: | Calicanto | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| Date: | 7/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 25-7-2018: Endeavour Silver Corp. announces an Exploration/Drilling Update report for its Calicanto deposit at the El Compas project. Drilling results incl. 1.2m @ 10.50g/t Au, 42g/t Ag from 229.65m. VANCOUVER, British Columbia, July 25, 2018 -- Endeavour | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Godfrey Walton (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, July 25, 2018 -- Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) announces that near mine exploration drilling along the Calicanto, Santa Fe and Misie-Karla vein systems on the Calicanto property in Zacatecas State, Mexico (see Calicanto map here) continues to intersect high grade silver-gold mineralization along strike and down dip of positive drill results reported last year. The Calicanto property is located within close proximity to the El Compas Mine, and has the potential to provide further growth opportunities for the new mine. The best intercept to date returned 269 grams per tonne (gpt) silver and 5.5 gpt gold over 1.1 metres (m) true width (19.9 oz per short ton (opT) silver equivalent (AgEq) over 3.6 feet (ft) in hole CLT-35 (see Santa Fe, Calicanto, Misie and Karla long sections here). Drilling highlights for twelve drill holes are summarized in the following table. Luis Castro, Vice President, Exploration for Endeavour Silver, commented, “These exploration drill results should have a positive impact on our resources for the Calicanto property, part of the El Compas mine. The high silver and gold grades, good continuity of mineralization and significant exploration upside to expand the resources reinforce our view that El Compas is a scalable asset. Drilling will be ongoing through the rest of 2018, to further grow the resource around our mineral endowed targets areas.” El Compas Development Update The El Compas mine output is currently 250 tonnes per day (tpd) and a stockpile is available for processing. The La Plata plant completed commissioning of all circuits in June, but during ramp up in July has experienced recovery issues partially due to high amounts of wet clay in the low grade ore fed for commissioning, which clogs the crushers and screens, and withdraws metal from the flotation circuit | |
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