Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) announced that exploration drilling at its Mexico-based San Sebastian project continues to intersect high-grade silver-gold mineralization. It is in the Terronera vein system.
As quoted in the press release:
Drilling highlights to date this year from the Terronera vein include 126 grams per tonne (gpt) silver and 4.02 gpt gold (367 gpt silver equivalent (AgEq)) over 12.76 m true width, or 10.7 ounces per ton (opT) AgEq over 41.9 feet (ft), in hole TR23-1, including 213 gpt silver and 12.25 gpt gold (948 gpt AgEq) over 0.90 m true width, or 27.6 opT AgEq over 3.0 ft. Silver equivalents are calculated at a ratio of 60: 1 silver: gold.
Luis Castro, vice president of exploration at Endeavour, commented:
We are encouraged by the strong continuity, robust thicknesses and high grades of the mineralization intersected by these drill holes. Endeavour currently has three drill rigs working at San Sebastián to expand and delineate the mineralized zone in advance of a new resource estimate and preliminary economic assessment expected in the fourth quarter.
|Silver Investing News Free Exclusive Report: When Will Silver Go Up: Is the Highest Price of Silver Still to Come? Here’s a look at all the major catalysts that are expected to affect the silver price brought to you by Investing News - Bringing you unbiased news, education and helping investors realize their financial goals|