The Conversation (0)
Jul. 31, 2012 02:49PM PST
Endeavour Silver Corp. (TSX:EDR) reported that it has entered into two separate option and joint venture agreements, with both Arcelia Gold Corp. to earn up to a 70% interest in the Panuco silver-gold exploration property, and with Avino Silver and Gold Mines Ltd for a 75% interest in the Labertino silver-gold property.
Endeavour Silver Corp. (TSX:EDR) reported that it has entered into two separate option and joint venture agreements, with both Arcelia Gold Corp. to earn up to a 70% interest in the Panuco silver-gold exploration property, and with Avino Silver and Gold Mines Ltd for a 75% interest in the Labertino silver-gold property.
As quoted in the press release:
Panuco and Laberinto straddle the same regional northwest-trending fault structure that passes through and appears to be related to the silver-gold mineralization on the La Preciosa and San Lucas properties. At Panuco, Arcelia has recognized, mapped and sampled on a reconnaissance scale a major low sulfidation, epithermal, multi-vein system with both bulk tonnage and high grade silver-gold potential. At Laberinto, Avino previously conducted exploration along one vein with sub-economic results but the prospective alteration zone surrounding the vein remains to be tested.
Barry Devlin, Vice President of Exploration for Endeavour stated:
We think the Panuco and Laberinto properties have excellent exploration potential for both bulk tonnage, open pit and high grade, underground silver-gold deposits. Panuco and Laberinto together represent another district scale, silver-gold exploration opportunity to add to Endeavour’s portfolio of exciting exploration properties.
Click here to read the full press release.
