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Endeavour Silver Corp.
Summary
| Project: | El Compas | |
|---|---|---|
| Deposit: | El Compas | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| Date: | 3/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Mine Development | |
| Report details: | 27-3-2017: Endeavour Silver Corp. announces a PEA report for its El Compas deposit at the El Compas project. Initial NI 43-101 Mineral Resource Estimate & PEA results. Endeavour Silver commissioned Smith Foster & Associates Inc. (SFA) to prepare a Technic | |
| Resources: | (Resource): 148.4kt @ 104g/t Ag, 7.31g/t Au (Ind.) and 216.8kt @ 76g/t Ag. 5.38g/t Au (Inf.) | |
| CP/QP: | [Resources]: E. Puritch, Y. Wu (P&E Mining Consultants Inc.) | |
| ABSTRACT: | Endeavour Silver commissioned Smith Foster & Associates Inc. (SFA) to prepare a Technical Report at the level of a Preliminary Economic Assessment (PEA) for the El Compas Project compliant with Canadian Securities Administrators (CSA) National Instrument 43-101 (NI 43-101). The purpose of this report is to provide a preliminary design, cost estimates, and economic analysis to evaluate the potential viability of the project.The effective date of the Mineral Resource Estimate is March 27, 2017. An economic analysis utilizing a pre-tax and after-tax cash flow financial model was prepared for the base case mine plan. The El Compas Mineral Resource Estimate presented here conforms to the current CIM Definition Standards for Mineral Resources and Mineral Reserves, as required under NI 43-101 “Standards of Disclosure for Mineral Projects.” The estimation approach and methodology used is reasonable and appropriate based on the data available. There are no known significant technical, legal, environmental, or political considerations which would have an adverse effect on the Mineral Resource Estimate or the continued exploration and development of the El Compas Property. The QP’s conclude that the economic analysis of the El Compas Project is based on sound inputs and cost estimates that take significant risks out of the project and provide a reliable basis for quantifying the key financial indicators of the project and for examining the project’s most critical sensitivities | |
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