Endeavour Silver Defines More Silver-Gold Mineralization at San Sebastian

Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) announced that exploration drilling at its Mexico-based San Sebastian project continues to define high-grade silver-gold mineralization in the Terronera vein system.

Recent highlights include:

• 557 grams per tonne (gpt) silver and 1.47 gpt gold (646 gpt silver equivalent (AgEq)) over 11.3 m true width, or 18.8 ounces per ton (opT) AgEq over 37.1 feet (ft), including 6,940 gpt silver and 6.93 gpt gold (7,356 gpt AgEq) over 0.4 m true width, or 214.5 opT AgEq over 1.3 ft

• 1,605 gpt silver and 2.77 gpt gold (1,772 gpt AgEq) over 8.3 m true width, or 51.7 opT AgEq over 27.2 ft, including 5,210 gpt silver and 9.34 gpt gold (5,770 gpt AgEq) over 0.5 m true width, or 168.2 opT AgEq over 1.7 ft

Luis Castro, vice president of exploration at Endeavour, commented: 

Drilling in the Terronera vein continues to deliver consistently high grades over robust widths with strong continuity of mineralization. One drill rig is working at San Sebastián to continue delineating the mineralized zone in advance of a new resource estimate to be prepared by the end of the fourth quarter.

Last year, we completed our environmental baseline study and filed our mine development permit application. Our goal for 2014 is to complete initial permitting, and an updated resource estimate and in-house economic assessment by year-end. Management is of the view that San Sebastián has the potential to become a high-grade, underground silver-gold mine similar to our Bolañitos mine in Guanajuato.

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