The Conversation (0)
Recent drilling results. Endeavour recently disclosed drilling results associated with the Guanacevi and Bolanitos mines, and the Parral exploration project. Drilling programs at existing mines are intended to support reserve replacement and resource expansion, while drilling at Parral builds on an existing mineral resource estimate. Extending the life of existing mines. At Guanacevi, underground drilling continues to expand extensions of the El Curso and the Santa Cruz South (SCS) ore bodies. Through October, the company completed 38 holes, representing more than 14,000 meters of drilling, at Guanacevi. Since the beginning of the year, over 11,500 meters in 59 holes have been drilled at Bolanitos intersecting multiple mineralized structures near current workings. Exploration drilling is ongoing at both operations and will continue in 2022. Expanding the resource at Parral. The Parral project is in a silver mining district with 4 distinct mineralized vein systems in the State of Chihuahua, Mexico. Indicated and inferred mineral resources include 4.0 million and 35.0 million ounces of silver, respectively. Drilling started in March in areas of the La Colorada vein. Through November, the company drilled over 14,000 meters in 59 holes that have returned favorable results, including high grade silver intercepts. Drilling is expected to continue into 2022 to support an expanded resource estimate and preliminary economic assessment. Keeping tabs on Terronera. The Terronera project, which would roughly double Endeavor's production profile, represents the largest near-to-intermediate-term source of growth. Once financing is in place, which could be in early 2022, the Board will approve construction which is expected to take 24 months with Terronera expected to achieve commercial production in the first half of 2024. Our Market Perform rating is based on Endeavour's valuation and near-term growth outlook. Read More >>
