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Endeavour Silver Corp.
Summary
| Project: | Parral | |
|---|---|---|
| Deposit: | Parral | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 2/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2018: Endeavour Silver Corp. announces a Resource Estimation report for its Parral deposit at the Parral project. Mineral Resource update for Parral. Endeavour Silver Corp. (“Endeavour” or the “Company”) retained P&E Mining Consultants Inc. (“P&E”) t | |
| Resources: | (Resource): 37kt @ 0.27g/t Au (Ind.) & 2.28Mt @ 0.25g/t Au (Inf.) at project | |
| CP/QP: | [Resources]: Eugene Puritch, Yungang Wu, David Burga (P&E Mining Consultants Inc.) | |
| ABSTRACT: | Endeavour Silver Corp. (“Endeavour” or the “Company”) retained P&E Mining Consultants Inc. (“P&E”) to complete an independent National Instrument 43-101 (“NI 43-101”) compliant Technical Report and Mineral Resource Estimate on the Parral Property (the “Property”), located in the Chihuahua State of Mexico. The Mineral Resource Estimate considers silver as a primary consideration along with, gold mineralization at the Parral Deposit that is potentially amenable to underground extraction. The Parral Property covers 3,457 hectares (34 km2 ) and consists of 48 concessions. The Company, through its affiliate, Minera Plata Adelante, S.A. de C.V. (MPA), owns 99.6% of the Parral property (two of the concession are pending transfer to MPA), including the land that contains the Mineral Resource. The Parral mining district is in the heart of the Mexican silver belt. The Parral Property is located amongst two main rock packages that outcrop in the Parral District, the Parral Formation which corresponds to a sequence of marine sediments of shales, sandstone, clayed limestone and andesites. The sediments are covered by a Tertiary volcanic sequence of rhyolitic-andesitic composition from the Escobedo Formation. These sequences are intruded by rocks of monzonitic composition associated with the mineralization. The deposits of veins of Ag-Pb-Zn in the Parral mining district are mostly hosted in andesitic flows, pyroclastic rocks, and dacites, rhyolites and tuffs from the Escobedo Group | |
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