Endeavour Silver Continues to Intersect High-Grade Silver-Gold Mineralization at its Bolañitos Operation

Endeavour Silver Corp. ("Endeavour" or the "Company") (TSX: EDR, NYSE: EXK) is pleased to report positive drill results from its exploration program at the Bolañitos Mine in Guanajuato State, Mexico. The 20242025 program focused on one key area, drilling the La Luz vein. Surface drilling intersected high-grade gold and silver mineralization and provides opportunities to replace reserves, increase resources and extend mine life.

"For more than 17 years, our exploration success has been integral to the ongoing operations at Bolañitos," said Dan Dickson, Chief Executive Officer. "The latest results highlight our focus on efficient, cost-effective exploration, which continues to extend the mine's life."

Highlight Drill Results from La Luz Vein Structure

  • 1.17 gpt Au and 449 gpt Ag for 542 gpt AgEq over a 1.02 m ETW , including 1.73 gpt Au and 798 gpt Ag for 936 gpt AgEq over 0.38 m in hole LZ46-3
  • 2.43 gpt Au and 1,063 gpt Ag for 1,258 gpt AgEq over a 1.62 m ETW , including 9.61 gpt Au and 4,070 gpt Ag for 4,839 gpt AgEq over 0.34 m in hole LZ48-1

Abbreviations include: gpt: grams per tonne; Au: gold; Ag: silver; ETW: estimated true width; m: metre; silver equivalents are calculated at a ratio of 80:1 silver:gold.

Drilling Context

In the last quarter of 2024, a surface diamond drilling program began in the north extension of the La Luz vein, in the area of the San Bernabé Adit and San Rafael Shaft, an area within 500 metres from the Asunción mine, exploited in previous years by the Company.

To date, eight drill holes totaling 2,000 metres has outlined high-grade mineralization over 100 metres in length to a depth of 200 metres. The area remains open to the south and to depth. Drilling will continue in the area for the first half of 2025.

Figure 1: Surface map of the San Bernabe-San Rafael Area, Bolañitos project

Bolanitos project figure

Figure 2: Longitudinal section of La Luz (San Bernabe – San Rafael area)

La Luz longitudinal section figure

Table 1. La Luz Drill Results

Hole
Structure
From
(m)
To
(m)
True Width
(m)
Au
(gpt)
Ag
(gpt)
AgEq
(gpt)
LZ46-3
La Luz 264.90 266.50 1.02 1.17 449 542
Including 264.90 265.50 0.38 1.73 798 936
LZ47-2
La Luz 223.90 226.30 1.67 0.41 183 216
Including 223.90 224.45 0.38 0.74 269 329
LZ47-3
La Luz 189.05 190.40 0.95 2.03 70 233
Including 190.15 190.40 0.18 3.36 22 290
LZ48-1
La Luz 265.85 268.75 1.62 2.43 1,063 1,258
Including 267.45 268.05 0.34 9.61 4,070 4,839
LZ48-3
La Luz 144.75 147.50 2.49 3.15 71 322
Including 144.75 145.50 0.68 5.63 47 497

Note: Drill holes LZ46-2, LZ48-2 and LZ50-2 returned no significant results

Silver equivalents are calculated at a ratio of 80:1 silver:gold. All widths are estimated true widths.

About Endeavour Silver

Endeavour is a mid-tier precious metals company with a strong commitment to sustainable and responsible mining practices. With operations in Mexico and the development of the new cornerstone mine in Jalisco state, the company aims to contribute positively to the mining industry and the communities in which it operates. In addition, Endeavour has a portfolio of exploration projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer.

Qualified Person

Dale Mah, P.Geo., Vice President Corporate Development, a qualified person under NI 43-101, has approved the scientific and technical information contained in this news release.

A quality control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All samples are split at the local field office and shipped to ALS Labs, where they are dried, crushed, split and 250-gram pulp samples are prepared for analysis. Gold is determined by fire assay with an atomic absorption finish and silver by aqua regia digestion with ICP finish, over-limits by fire assay and gravimetric finish.

Contact Information

Allison Pettit
Director, Investor Relations
Tel: (604) 685 - 9775
Email: apettit@edrsilver.com
Website: www.edrsilver.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding mineral reserves, mineral resources, the life of the Bolañitos Mine, future drilling at the Bolañitos Mine, and the timing and results of various activities. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include but are not limited to changes in production and costs guidance; the reliability of mineral resource Estimates; the ongoing effects of inflation and supply chain issues on mine economics; national and local governments' legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices; operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development; risks in obtaining necessary licenses and permits; fluctuations in the prices of silver and gold, fluctuations in the currency markets (particularly the Mexican peso, Chilean peso, Canadian dollar and U.S. dollar); and challenges to the Company's title to properties; as well as those factors described in the section "risk factors" contained in the Company's most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company's mining operations, no material adverse change in the market price of commodities, the reliability of mineral resource Estimates; mining operations will operate and the mining products will be completed in accordance with management's expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c6f6edc2-df82-4470-8a35-41762a6ca1e9  
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96492ec3-ef2f-4793-a421-978923a21575


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

EDR:CA,EXK
The Conversation (0)
Endeavour Silver Announces 2024 Annual General Meeting Voting Results

Endeavour Silver Announces 2024 Annual General Meeting Voting Results

Endeavour Silver Corp. ("Endeavour" or the "Company") (NYSE: EXK; TSX: EDR) is pleased to announce that shareholders voted in favour of all items of business at the Company's 2024 Annual General Meeting ("AGM") held on May 28, 2024 in Vancouver. A total of 104,090,503 votes were cast or represented by proxy at the AGM, representing 43.31% of the outstanding common shares as of the record date. The following is a tabulation of the votes submitted by proxy:

DIRECTORS

NUMBER   OF   SHARES PERCENTAGE   OF   VOTES   CAST
FOR WITHHELD/
ABSTAIN
FOR WITHHELD
Rex J. McLennan 50,212,585 11,699,944 81.10% 18.90%
Margaret M. Beck 61,370,134 542,396 99.12% 0.88%
Ricardo M. Campoy 61,455,874 456,656 99.26% 0.74%
Daniel Dickson 61,461,186 451,345 99.27% 0.73%
Amy Jacobsen 61,364,651 547,879 99.12% 0.88%
Kenneth Pickering 53,516,716 8,395,815 86.44% 13.56%
Mario D. Szotlender 61,428,282 484,248 99.22% 0.78%
Angela Johnson 61,333,538 578,992 99.06% 0.94%

All director nominees were re-elected, including the addition of Angela Johnson to the Board of Directors (see news release dated April 18, 2024 ) to fill vacancy left by the retirement of Christine West.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Endeavour Silver Highlights Progress on its Three-Year Sustainability Strategy in 2023 Sustainability Report

Endeavour Silver Highlights Progress on its Three-Year Sustainability Strategy in 2023 Sustainability Report

Endeavour Silver Corp. ("Endeavour" or the "Company") (TSX: EDR, NYSE: EXK) made further progress executing its 2022-2024 Sustainability Strategy as outlined in the Company's 2023 Sustainability Report released today.

Entitled "Transformation in Motion", the report provides insights into Endeavour's sustainability performance and approach over 2023, including second-year progress highlights against the strategy.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Futuristic 3D holographic visualization of resource and geophysical data analysis.

From Data to Discovery: How AI is Changing the Face of Modern Mining

Mineral exploration is one of the riskiest and most capital-intensive phases of the mining lifecycle. The process has traditionally relied heavily on historical geological records, field surveys and extensive drilling, often with low success rates and long time horizons. But a new wave of digital innovation is reshaping the landscape.

Artificial intelligence (AI) and advanced data analytics are increasingly at the forefront of a quiet revolution in mining, offering tools that enhance discovery potential, reduce exploration risk and deliver stronger returns for investors.

Historically, mineral exploration has been marked by high uncertainty and significant financial risk. Companies spend millions of dollars poring over old geological maps, conducting labor-intensive fieldwork and drilling test holes — all in hopes of finding an economically viable deposit. In fact, industry data suggests that only a tiny fraction of exploration projects — approximately one in a thousand — ever reaches production. This low success rate has often made early-stage mining investments difficult to assess and even harder to justify without deep technical insights or a strong appetite for risk.

Keep reading...Show less
Silver bar surrounded by shiny silver nuggets on a black background.

Top 5 Canadian Silver Stocks of 2025

Silver-mining companies and juniors have seen support from a strong silver price in 2025. Since the start of the year, the price of silver has increased by over 11 percent as of April 11, and it reached a year-to-date high of US$34.38 per ounce on March 27.

Silver’s dual function as a monetary and industrial metal offers great upside. Demand from energy transition sectors, especially for use in the production of solar panels, has created tight supply and demand forces.

Demand is already outpacing mine supply, making for a positive situation for silver-producing companies.

Keep reading...Show less
Stacks of shiny silver bars labeled "FINE SILVER" and "999" purity.

ASX Silver Stocks: 5 Biggest Companies in 2025

Silver is often compared to gold due to its importance in jewellery and as a safe-haven investment.

However, silver has many industrial applications too, including in electronics, automobiles and silverware, as well as medicine and photography. Energy transition applications are a growing demand sector for silver too — the metal is valued for its conductive capacity, which makes it particularly useful in the production of photovoltaic panels.

Silver supply has tightened in recent years as industrial demand rises. This was one of several factors that helped the silver price break through the US$34 per ounce mark in October 2024 for the first time since 2012. Heading into the second quarter of 2025, silver once again tested the US$34 level, although it has pulled back to US$31 amid market volatility as of April 10.

Keep reading...Show less
First Majestic Announces 2024 Sustainability Report and Mailing of 2025 AGM Meeting Materials

First Majestic Announces 2024 Sustainability Report and Mailing of 2025 AGM Meeting Materials

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the release of its 2024 Sustainability Report and the mailing of its meeting materials for the Company's upcoming 2025 Annual General Meeting of Shareholders (the "2025 AGM").

2024 SUSTAINABILITY REPORT

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
First Majestic Produces 7.7 Million AgEq Ounces in Q1 2025 Including a Record 3.7 Million Silver Ounces

First Majestic Produces 7.7 Million AgEq Ounces in Q1 2025 Including a Record 3.7 Million Silver Ounces

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") announces that total production in the first quarter of 2025 from the Company's four producing underground mines in Mexico, namely the Cerro Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns the mine), the Santa Elena SilverGold Mine, the San Dimas SilverGold Mine, and the La Encantada Silver Mine reached 7.7 million silver equivalent ("AgEq") ounces, consisting of 3.7 million silver ounces, 36,469 gold ounces, 12.5 million pounds of zinc and 7.5 million pounds of lead.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Anteros Metals CEO Trumbull Fisher.

Anteros Metals Eyes AI-Driven Strategy for Critical Minerals Exploration in Newfoundland

Trumbull Fisher, CEO of Anteros Metals (CSE:ANT), discusses the company's focus on data science and artificial intelligence (AI) to guide strategic exploration at its critical and base metals projects in Newfoundland, Canada, a top mining jurisdiction offering ease of business, government grants and a skilled workforce.

Latest Press Releases

Related News

×