Precious Metals

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) reports updated NI43-101 Mineral Resource and Reserve Estimates and a Pre-Feasibility Study (“PFS”) for its Terronera mine project located 40 kilometres northeast of Puerto Vallarta in the state of Jalisco, Mexico. The PFS will be filed on SEDAR and EDGAR within 45 days of this news release. As …

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) reports updated NI43-101 Mineral Resource and Reserve Estimates and a Pre-Feasibility Study (“PFS”) for its Terronera mine project located 40 kilometres northeast of Puerto Vallarta in the state of Jalisco, Mexico. The PFS will be filed on SEDAR and EDGAR within 45 days of this news release.
As quoted in the press release:

Bradford Cooke, CEO of Endeavour Silver, commented, “We look forward to getting the green light to develop Terronera into our fifth mine. The main mineralized zone is relatively shallow, steeply dipping, thick and high grade, which at today’s metal prices should generate reasonably robust economic returns. The two-stage development plan starts at 1,000 tpd and expands to 2,000 tpd, which allows us to finance and build a smaller mine, then expand it once the mine is generating positive cash flow. We consider the exploration potential to make new discoveries and expand the resources at Terronera to be very good.
“In 2016, drilling on the Terronera vein expanded the main high-grade, mineralized zone to depth. Surface sampling also located high-grade, silver-gold mineralization in nine other veins on the property. Recently released, very high grade drill results from the La Luz vein confirm the potential for new discoveries. The deep Terronera and shallow La Luz drill results were not included in either the updated Mineral Resource Estimate or the PFS, and they represent one of several opportunities for extending the mine life and optimizing the PFS.”

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