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Endeavour Silver Corp.
Summary
| Project: | El Cubo | |
|---|---|---|
| Deposit: | El Cubo | |
| 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 El Cubo deposit at the El Cubo project. Updated resource and reserve estimate for project. Hard Rock Consulting, LLC (“HRC”) was retained by Endeavour Silver Corp. (“EDR”) to | |
| Resources: | (Reserve, P+P): 861.9Kt @ 157g/t Ag, 1.84g/t Au for 4.34Moz Ag, 51koz Au contained at project | |
| CP/QP: | [Resources]: Zachary Black (Hardrock Mining Consulting LLC) | |
| ABSTRACT: | Hard Rock Consulting, LLC (“HRC”) was retained by Endeavour Silver Corp. (“EDR”) to complete an independenttechnical audit and to update the mineral resource and reserve estimates for the El Cubo Project (the “Project”) located in Guanajuato State, Mexico. This report presents the results of HRC’s efforts, and is intendedto fulfillthe Standards ofDisclosure forMineral Projects according toCanadianNationalInstrument 43‐101 (“NI 43‐101”). This report was prepared in accordance with the requirements and guidelines set forth in Companion Policy 43‐101CP and Form 43‐101F1 (June 2011), and the mineral resources and reserves presented herein are classified according to Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards ‐ For Mineral Resources and Mineral Reserves, prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council on May 10, 2014. The mineral resource and mineral reserve estimates reported here are based on all available technical data and information as of December 31, 2016. EDRacquired a 100%interestintheEl Cubo ProjectinJuly2012. The El Cubo property is located in central Mexico, in Guanajuato State near the village of El Cubo, approximately 10 km east of the City of Guanajuato. The QP considers that the mineral concessions in the El Cubo mining district controlled by Endeavour Silver continue to be highly prospective both along strike and down dip of the existing mineralization. TheElCubo minehas beenin nearly continuous productionfor decades.Asubstantial effort combining direct underground exploration, underground drilling, and surface drilling will be necessary to sustain the mine and continually expand mineral resources and reserves. The El Cubo concessions cover at least 5 km of the trace of the vein system across the district. The Villalpando‐Asunción area continues to provide the bulk of production from the mine, and is currently the focus of future mineral resource and reserve development. | |
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