Resource News Investing News

(All amounts are in US dollars, unless otherwise stated)

Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) is pleased to report positive drill results from its ongoing exploration program at the 3,432-hectare Parral project situated in the State of Chihuahua, Mexico.

During the last 11 months, until the end of November, the Company has drilled over 14,000 metres in 59 holes targeting several areas along the La Colorada vein.

Highlights from Recent Drill Results

  • 2,846 gpt Ag, 0.65% Cu over a 0.89 m ETW, including 3,380 gpt Ag, 0.77% Cu over 0.75 m (VCS-10)
  • 840 gpt Ag, 0.11 gpt Au, 0.25% Cu, 9.09% Pb and 4.74% Zn for 1,288 gpt AgEq over a 2.77 m ETW, including 1,585 gpt Ag, 0.26 gpt Au, 0.55% Cu, 34.88% Pb and 4.38% Zn for 2,755 gpt AgEq over 0.36 m (VCU-38)
  • 708 gpt Ag, 0.55 gpt Au, 0.16% Cu, 10.95% Pb and 12.38% Zn for 1,504 gpt AgEq over a 1.23 m ETW, including 1,130 gpt Ag, 0.91 gpt Au, 18.95% Pb and 18.70% Zn for 2,406 gpt AgEq over 0.69 m (VCU-50)

Abbreviations include: gpt: grams per tonne; Au: gold; Ag: silver; Cu: copper; Pb: lead; Zn: zinc; ETW: estimated true width; m: metre; HW: hanging wall. Silver equivalents are calculated at a ratio of 80:1 silver:gold, silver price of $23 per troy ounce, copper price of $3.45 per pound, lead price of $0.90 per pound and zinc price of $1.20 per pound.

"The Parral project continues to deliver great results," commented Dan Dickson, Chief Executive Officer. "Following limited drilling in 2020 due to the pandemic, it was a priority for our exploration team to re-start the exploration program at Parral this year to expand on the mineral resource estimate we published on the project in early 2020. Our goal is to continue the drill program at Parral in 2022 as we get closer to achieving the scale required to support a positive economic assessment."

The Parral project, which was acquired by Endeavour Silver in 2016, is in Hidalgo de Parral, a large historic silver mining district adjacent to the city of Parral, in the State of Chihuahua, Mexico. The project district comprises classic, high-grade silver, epithermal vein deposits, characterized by low-sulphidation mineralization. The property is accessible by paved and gravel roads and has access to the local power grid.

The Veta Colorada (including the Sierra Plata and El Verde mines) was a past producing mining operation owned by Grupo Mexico that closed in 1991 due to low silver prices. Mineralization, which occurs in a major silver vein structure that ranges from 1 to 30 metres thick, was mined seven levels down to 300-metre depths below surface in places and was traced for seven kilometres.

The Company filed a NI 43-101 technical report on the Parral project, State of Chihuahua, Mexico on March 14, 2020. As of December 31, 2019, Parral had estimated indicated mineral resources of 613,000 tonnes, containing 4.0 million ounces of silver grading 207 g/t, 6,800 ounces of gold grading 0.35 g/t, 17.5 million pounds of lead grading 0.63%, and 16.5 million pounds of zinc grading 0.61%. Inferred mineral resources are estimated to total 4.04 million tonnes containing 35.0 million ounces of silver grading 269 g/t, 62,800 ounces of gold grading 0.48 g/t, 65.0 million pounds of lead grading 0.35%, and 64.3 million pounds of zinc grading 0.35%.

Due to the COVID-19 pandemic, the Company suspended the Parral drill programs in early 2020 and resumed drilling in 2021.

The Parral drill results are summarized in the following tables:

Parral - Veta Colorada Sierra Plata Shallow

Hole
Structure
From True Width Au Ag Cu Pb Zn AgEq
(m) (m) (gpt) (gpt) (%) (%) (%) (gpt)
VCS-07
Veta Colorada 264.25 2.19 0.01 232 0.01 0.08 0.15 241
Including 265.80 0.72 288 0.02 0.08 0.08 296
VCS-10
Veta Colorada 219.35 0.89 0.01 2,846 0.65 0.00 0.01 2,914
Including 219.50 0.75 0.01 3,380 0.77 0.00 0.01 3,461
VCS-12
Veta Colorada 196.75 1.20 0.01 340 0.04 0.32 0.60 374
Including 196.75 0.86 0.01 384 0.04 0.36 0.65 422

Note: Drill holes VCS-8, VCS-9, VCS-11, VCS 13, VCS-29, VCS-30, VCS-31 and VCS-32 returned no significant results

Parral - Veta Colorada San Joaquin (view Veta Colorada (San Joaquin) longitudinal sections )

Hole
Structure
From True Width Au Ag Cu Pb Zn AgEq
(m) (m) (gpt) (gpt) (%) (%) (%) (gpt)
VCS-18
Veta Colorada 164.10 1.89 2.27 92 0.02 3.35 1.90 434
Including 164.10 0.70 5.79 193 0.01 0.05 0.14 663
VCS-19
Veta Colorada 173.65 1.30 1.05 470 0.18 4.51 9.95 1,050
Including 174.20 0.81 1.51 744 0.24 5.72 9.15 1,370
VCS-20
Veta Colorada 230.85 2.76 0.98 59 0.14 2.72 2.75 322
Including 231.85 0.62 3.83 91 0.27 6.90 1.81 675
VCS-21
Veta Colorada 186.00 1.47 0.28 28 0.22 2.87 1.71 211
Including 187.40 0.33 0.75 91 0.84 10.35 3.06 624
VCS-24
Veta Colorada 254.20 3.95 1.38 41 0.19 2.20 2.83 332
Including 257.25 0.68 1.69 116 0.22 7.05 4.82 635
VCS-25
Veta Colorada 262.85 1.60 0.22 50 0.14 3.02 6.53 396
Including 263.45 0.31 0.27 105 0.23 6.34 17.30 939
VCS-26
Veta Colorada 313.15 1.11 0.14 15 0.02 2.07 2.19 163
Including 313.65 0.37 0.22 38 0.05 5.63 5.22 399
VCS-27
Veta Colorada 325.65 1.40 1.43 54 0.20 1.78 4.87 411
Including 326.20 0.59 2.12 43 0.20 1.86 5.69 486
VCS-28
Veta Colorada 244.50 4.24 0.27 29 0.09 3.08 3.47 266
Including 244.50 0.39 0.18 97 0.24 7.12 5.42 521

Note: Drill holes VCS-15, VCS-16, VCS-17, VCS-22 and VCS-23 returned no significant results

Parral - Veta Colorada Sierra Plata Deep (view Veta Colorada (Sierra Plata) longitudinal sections )

Hole
Structure
From True Width Au Ag Cu Pb Zn AgEq
(m) (m) (gpt) (gpt) (%) (%) (%) (gpt)
VCU-21
Veta Colorada 66.50 1.41 0.03 198 0.03 0.60 0.76 247
Including 67.20 0.73 0.04 288 0.05 0.89 1.39 370
VCU-22
Veta Colorada 88.50 0.93 0.01 247 0.05 0.53 0.97 302
Including 88.95 0.46 0.02 436 0.09 0.82 1.66 528
VCU-24
Veta Colorada 85.15 2.00 0.01 263 0.02 0.56 0.25 290
Including 85.55 0.39 0.01 340 0.02 0.15 0.22 355
VCU-25
Veta Colorada 103.80 1.13 0.02 176 0.02 0.22 0.24 193
Including 105.00 0.38 0.03 220 0.02 0.19 0.35 241
VCU-26 Veta Colorada 107.30 0.93 0.02 169 0.01 0.18 0.10 180
VCU-27
Hw Veta Colorada 146.15 1.12 0.01 164 0.00 0.06 0.20 173
Including 146.15 0.33 189 0.00 0.05 0.15 196
VCU-28
Veta Colorada 95.60 0.88 0.01 196 0.01 0.22 0.24 213
Including 96.10 0.22 0.02 257 0.01 0.35 0.30 280
VCU-30
Veta Colorada 172.00 1.81 0.06 263 0.03 0.61 2.02 360
Including 176.10 0.26 0.32 425 0.12 0.24 10.20 834
VCU-31
Veta Colorada 160.50 1.13 0.06 224 0.02 0.27 0.27 248
Including 161.45 0.30 0.05 365 0.04 0.27 0.46 397
VCU-32
Veta Colorada 156.20 1.08 0.02 247 0.03 0.19 0.32 269
Including 156.80 0.52 0.02 294 0.04 0.22 0.27 315
VCU-33 Veta Colorada 206.30 0.73 0.03 166 0.02 0.39 0.16 186
VCU-35
Veta Colorada 196.00 1.47 0.03 266 0.15 1.65 2.82 429
Including 196.70 0.44 0.03 381 0.22 1.08 2.63 529
VCU-47
Veta Colorada 111.80 1.76 0.02 158 0.03 1.33 0.70 224
Including 111.80 0.56 0.02 284 0.08 3.86 1.84 464
VCU-48
Veta Colorada 161.35 5.77 0.04 417 0.04 1.41 0.46 478
Including 163.65 0.27 0.13 4,170 0.32 16.55 1.24 4,702
VCU-49
Veta Colorada 178.65 2.48 0.13 761 0.15 0.17 5.37 984
Including 179.75 0.25 0.10 1,115 0.29 0.00 6.94 1,401
VCU-50
Veta Colorada 100.30 1.23 0.55 708 0.16 10.95 12.38 1,504
Including 100.30 0.69 0.91 1,130 0.25 18.95 18.70 2,406
VCU-53
Veta Colorada 85.20 1.17 0.01 178 0.01 0.24 0.11 190
Including 85.20 0.54 0.01 223 0.01 0.31 0.12 237
VCU-55
Hw Veta Colorada 83.45 1.2 0.02 164 0.06 0.47 1.04 221
Including 83.45 0.3 0.01 290 0.13 0.80 0.68 350
Veta Colorada 96.50 1.2 0.03 84 0.02 0.66 1.25 151
Including 97.00 0.3 0.04 146 0.03 1.29 2.48 275
VCU-57
Veta Colorada 170.90 1.0 0.02 139 0.03 1.52 1.46 237
Including 172.50 0.3 0.03 212 0.04 1.76 3.30 384

Note: Drill holes VCU-23, VCU-29, VCU-34, VCU-44, VCU-45, VCU-46, VCU-51, VCU-52, VCU-54 and VCU-56 returned no significant results

Parral - Veta Colorada El Verde (view Veta Colorada (El Verde) longitudinal sections )

Hole
Structure
From True Width Au Ag Cu Pb Zn AgEq
(m) (m) (gpt) (gpt) (%) (%) (%) (gpt)
VCU-36
Hw Veta Colorada 100.75 2.30 0.09 182 0.08 3.17 2.84 384
Including 102.55 0.56 0.13 224 0.09 4.04 2.15 428
Veta Colorada 106.90 3.64 1.52 253 0.11 3.87 2.39 575
Including 111.45 0.26 0.88 953 0.38 1.96 1.64 1,173
VCU-37
Hw Veta Colorada 128.70 3.31 0.20 198 0.06 2.54 2.57 381
Including 131.35 0.42 0.52 319 0.07 10.35 8.52 950
Veta Colorada 135.65 1.61 0.20 201 0.02 0.99 2.58 339
Including 136.75 0.42 0.31 346 0.05 1.47 6.69 654
VCU-38
Hw Veta Colorada 238.15 1.75 0.05 204 0.07 0.78 1.17 278
Including 240.00 0.33 0.08 541 0.20 0.81 2.16 667
Veta Colorada 245.25 2.77 0.11 840 0.25 9.09 4.74 1,288
Including 247.00 0.36 0.26 1,585 0.55 34.88 4.38 2,755
VCU-40
Veta Colorada 236.55 3.70 0.25 321 0.14 4.93 4.46 648
Including 238.80 0.46 0.20 1,030 0.44 7.03 7.43 1,546
VCU-41
Veta Colorada 198.60 6.38 0.08 325 0.28 0.78 2.42 467
Including 205.50 0.44 0.13 702 0.40 0.66 2.98 878
VCU-43
Hw Veta Colorada 163.65 1.60 0.16 240 0.05 0.26 0.48 281
Including 163.65 0.52 0.02 380 0.02 0.09 0.15 391
Veta Colorada 166.50 2.36 0.05 251 0.03 0.28 0.48 284
Including 168.50 0.54 0.07 606 0.03 0.45 0.43 643

Notes:

1.  Drill holes VCU-39 and VCU-42 returned no significant results

2.  Silver equivalents are calculated using the formula:

[Au (gpt) X 80] + Ag (gpt) + [Cu (%) X 2204.6 X Cu Price / Ag Price X 31.1] + [Pb (%) X 2204.6 X Pb Price / Ag Price X 31.1] + [Zn (%) X 2204.6 X Zn Price / Ag Price X 31.1]

3.  Price assumptions used are: Cu $3.45, Pb $0.90, Zn $1.20 and Ag $23.00

4.  All widths are estimated true widths

5.  No capping has been applied but high-grade intervals have been highlighted

Qualified Person and QA/QC - Dale Mah, P.Geo., Vice President Corporate Development of Endeavour Silver, is the Qualified Person who reviewed and approved the 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 SGS 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.

About Endeavour Silver – Endeavour Silver is a mid-tier precious metals mining company that operates two high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision, pending financing and final permits and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States to facilitate its goal to become a premier senior silver producer. The Company's philosophy of corporate social integrity creates value for all stakeholders.

SOURCE Endeavour Silver Corp.

Contact Information
Trish Moran
Interim Head of Investor Relations
Tel: (416) 564-4290
Email: pmoran@edrsilver.com
Website: www.edrsilver.com

Follow Endeavour Silver on Facebook , Twitter , Instagram and LinkedIn

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 future prospects of the Company's mines and projects. 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 to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the ultimate impact of the COVID 19 pandemic on operations and results, changes in production and costs guidance, 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 and risks in obtaining necessary licenses and permits,

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued exploration and mining operations, no material adverse change in the market price of commodities, 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.


News Provided by GlobeNewswire via QuoteMedia

Endeavour SilverEDR:CAEXKSilver Investing
EDR:CA,EXK
Northern Lights

Northern Lights Announces Change to Effective Date of Share Consolidation

Northern Lights Resources Corp.("Northern Lights", "NLR" or the "Company")(CSE:NLR)(OTCQB:NLRCF) announces that the effective date of the ten (10) for one (1) share consolidation (the "Consolidation"), as announced on May 17, 2022, has been changed to May 26, 2022 (the "Effective Date").

All other terms of the Consolidation remain unchanged. Please refer the May 17, 2022 announcement for full details.

Keep reading...Show less
"volatility" written on blocks with laptop

VIDEO — Peter Krauth: Silver "Very, Very Undervalued," Ways to Play this Volatile Sector

Peter Krauth: Silver "Very, Very Undervalued," Ways to Play this Volatile Sectoryoutu.be

Peter Krauth, editor of Silver Stock Investor, joined the Investing News Network to discuss his new book, "The Great Silver Bull: Crush Inflation and Profit as the Dollar Dies."

Although gold is the most popular of the precious metals, silver has a loyal following, and Krauth believe it's set to shine brightly as market elements like inflation spiral out of control.

"It's very, very undervalued," he explained during the interview. "It's very difficult to find a better value for your money right now — silver is definitely the place for that."

Keep reading...Show less
CMX Gold & Silver

CMX Gold & Silver: Restarting the Past-Producing Clayton Silver Mine in Idaho

CMX Gold & Silver (CSE:CXC,OTC:CXXMF) is an exploration and development mining company, focused on Idaho's historic gold and silver assets. The company’s flagship project is the Clayton Silver Mine, a past-producing asset that operated for 50 years and has historically mined over two million tonnes of ore. CMX Gold & Silver also has a stockpile of at least 500,000 tonnes of rock and plans to generate cash flow in 2023 by processing the stockpile. The company has a strong capital structure with no legacy or sweat equity debt.

investingnews.com

Keep reading...Show less

MAG Silver Reports First Quarter Financial Results

MAG Silver Corp. (TSX NYSE American: MAG) ("MAG," "MAG Silver" or the "Company") announces the Company's unaudited financial results for the three months ended March 31, 2022. For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three months ended March 31, 2022, please see the Company's filings on SEDAR ( www.sedar.com ) or on EDGAR ( www.sec.gov ).

All amounts herein are reported in $000s of United States dollars ("US$") unless otherwise specified.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Silver Hammer President Morgan Lekstrom

Silver Hammer President Morgan Lekstrom: Modern Approaches to Historical Deposits

Silver Hammer President Morgan Lekstrom: Modern Approaches to Historical Silver Depositsyoutu.be

Keep reading...Show less
Galena Mining

Abra Construction 63% Complete At End of April

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) is pleased to announce that the construction progress at its Abra Base Metals Mine (“Abra” or the “Project”) has reached 63% complete on 30 April 2022. Construction achievements during the month include completion of the first 1,000m of decline development and the commencement of the mining the first underground diamond drill chamber. Both GR Engineering Services Ltd. (“GR Engineering”) and Contract Power Australia Pty. Ltd. have made excellent progress at the processing plant and the power station sites.

Keep reading...Show less

Latest Press Releases

Related News

×