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Endeavour Silver Corp.
Summary
| Project: | Terronera | |
|---|---|---|
| Deposit: | Terronera | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| Date: | 2/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 7-2-2018: Endeavour Silver Corp. announces a Resource Estimation report for its Terronera deposit at the Terronera project. Annual resources and reserve statement for Terronera. VANCOUVER, British Columbia, Feb. 07, 2018 -- Endeavour Silver Corp. (TSX:EDR | |
| Resources: | (Reserve, Prob.): 4.06Mt @ 207g/t Ag, 1.95g/t Au for 27Moz Ag, 255koz Au at project | |
| CP/QP: | [Resources]: Eugene Puritch, Yungang Wu, David Burga (P&E Mining Consultants Inc.) | |
| ABSTRACT: | VANCOUVER, British Columbia, Feb. 07, 2018 -- Endeavour Silver Corp. (TSX:EDR) (NYSE:EXK) reports updated NI 43- 101 Mineral Reserve and Resource Estimates for its three operating mines and two development projects and an initial Mineral Resource Estimate for its new Parral Properties, all in Mexico. Bradford Cooke, CEO of Endeavour, stated, “We enjoyed solid development and exploration success in 2017, more than replacing our Mineral Reserves and growing our silver Mineral Resources. We also published a Pre-Feasibility Study (“PFS”) for Terronera, a Preliminary Economic Assessment (“PEA”) for El Compas, and an initial silver Mineral Resource Estimate for the new Parral Properties. The substantial growth of our Mineral Reserves and Mineral Resources is a testament to our exploration and acquisition teams. We now have a strong pipeline of exploration and development projects to drive our next phase of organic growth. “Looking forward to 2018, we plan to invest US$11.1 million on exploration, the majority of which will target organic growth opportunities, including brownfields targets around our operating mines and development projects and greenfields targets such as Parral. This year, Parral will be our largest exploration expenditure, as we continue testing new silver vein targets and enhance our geological understanding of the historic Mineral Resource areas. At Terronera, we will test the southeast extension of mineralization in the high grade Terronera Vein and drill other vein targets. At El Compas, further testing of the Misie-Karla-Karla HW and Calicanto Veins and new zones will be key priorities.” | |
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