Lourdes, Mexico

Highlights Began geological, geochemical, and geophysical surveys and trenching to identify potential bulktonnage and high-grade silver targets
Acquisition Optioned in 2012; can earn 100% interest by paying $350,000 over 3 years
Location 40 kilometres northeast of the city of Guanajuato in the state of Guanajuato
Access One hour on a paved highway to the city of Guanajuato
Property 509 hectares in the historic El Tigre district
Infrastructure State power; local labour, supplies, and services
Geology Low-sulphidation epithermal veins with potential for bulk-tonnage and high-grade silver and gold

The Lourdes silver and gold property in the Sierra El Cubo area lies 40 kilometres northeast of the city of Guanajuato. By state highway, it’s about an hour’s drive from the property to the city, where Endeavour’s Bolañitos and El Cubo mines are located.

The Lourdes property covers a silver-gold low-sulphidation epithermal vein system more than five kilometres long. There are three main veins (El Tigre, La Blanca, and P131) and several secondary veins. Although Lourdes is considered an early-stage exploration property, it contains several small historic mines consisting of three concessions that total 509 hectares.

The main El Tigre vein is marked by strong argillic alteration of the Upper Tertiary rhyolite host rocks and quartz veining up to five metres thick. The quartz is mainly chalcedonic, and sericitic in places, with colloform banding and locally abundant calcite replacement textures. This indicates that the Lourdes system is exposed at a high level and holds potential for bonanza-grade mineralized zones at depth.