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Endeavour Silver Corp.
Summary
| Project: | El Compas | |
|---|---|---|
| Deposit: | El Compas | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| Date: | 12/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-12-2016: Endeavour Silver Corp. announces an Exploration/Drilling Update report for its El Compas deposit at the El Compas project. Drilling results incl. 1.81m @ 26.52g/t Au, 72g/t Ag from 187.05m. Vancouver, Canada – December 13, 2016 - Endeavour Sil | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Godfrey Walton (Internal) | |
| ABSTRACT: | Vancouver, Canada – December 13, 2016 - Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) announces that exploration drill programs on the El Compas property in Zacatecas State and the Terronera property in Jalisco State, Mexico have discovered new high-grade, silver-gold mineralized zones within recently identified epithermal quartz veins on each property. These two drill programs are being conducted as part of two ongoing economic studies, a preliminary economic assessment (PEA) for El Compas and a pre-feasibility study (PFS) for Terronera, to evaluate the potential for advancing each of these two development projects to production. At El Compas, two previously explored veins, El Compas and El Orito, contain small but high-grade, historic resources estimated in January 2016 by the previous owner. Endeavour has not yet completed sufficient work to verify the historic resource, and is not relying on it. Recent drilling in the Ana Camila vein, a splay of the El Orito vein located about 550 metres (m) southeast of El Orito, has outlined a new high-grade, south plunging mineralized zone over 250 m long by 100 m deep, starting approximately 100 m below surface and still open to surface and at depth (view long section here). Luis Castro, Vice President of Exploration, commented, “These positive drill results confirm our view that both the El Compas and Terronera properties hold excellent exploration potential for the discovery of new veins and new mineralized zones. Our drill programs will break in mid-December for Christmas and we expect to receive final 2016 assays before we start drilling again in January.” In order to include all significant drill results to year-end, management now expects to complete the updated resource estimates and new economic studies for El Compas and Terronera in March, at which time the Company will provide further guidance on its development plans for these two projects. Notwithstanding, exploration and pre-development work will resume at each site in January so as to avoid any potential timeline bottlenecks in the pending development schedules. | |
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