Resource News

Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) announced that it has updated the NI 43-101 silver and gold resource and reserve estimates for its three producing mines in Mexico.

Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) announced that it has updated the NI 43-101 silver and gold resource and reserve estimates for its three producing mines in Mexico.

Highlights as compared to December 31, 2013 include:

  • Silver Proven and Probable Reserves increased 3% to 12.0 million ounces (oz)
  • Gold Proven and Probable Reserves decreased 19% to 113,300 oz
  • Silver Equivalent Proven and Probable Reserves totalled 19.9 million oz (70:1 silver:gold ratio)
  • Silver Measured and Indicated Resources increased 8% to 65.0 million oz
  • Gold Measured and Indicated Resources increased 20% to 665,700 oz
  • Silver Equivalent Measured and Indicated Resources totalled 111.6 million oz
  • Silver Inferred Resources decreased 1% to 50.7 million oz
  • Gold Inferred Resources decreased 23% to 336,900 oz
  • Silver Equivalent Inferred Resources totalled 74.2 million oz
    • Mineral resources are estimated exclusive of and in addition to mineral reserves
    • Proven Reserves are defined within 10 metres of underground development while Probable Reserves extend a further 15 metres from underground development
    • 2014 silver equivalents based on 70:1 silver:gold ratio, base metals not included
    • All assumptions are listed at the bottom of the reserve and resource summary table

Bradford Cooke, CEO of Endeavour, commented:

Our operations and exploration teams are to be commended for replacing silver reserves and growing our resources in 2014, especially given the lower metal prices and shorter estimation period. This year, we will continue to focus on reserve replacement and as well as mine permitting of the emerging new high-grade Terronera silver-gold vein discovery at San Sebastián.

Click here to read the full Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) press release.

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