Parral, Mexico

Parral Mine

Acquisition Optioned the El Cometa concession in 2006; purchased 100% interest for less than $1 million in 2011; acquired the Veta Colorada, La Palmilla and San Patricio concessions in 2016 for US$6 million in shares (1.2 million shares valued at US$5 per share)
Location Five km north of the city of Hidalgo de Parral in the state of Chihuahua
Access Paved road to the city of Hidalgo de Parral
Property Three large properties (Veta Colorada, La Palmilla and San Patricio) covering 3,450  hectares, plus the 37-hectare El Cometa property
Infrastructure State power; water, local labour, supplies, and services
Geology Large veins traceable for over eight km. Veta Colorada is up to 40 metres thick, and includes a higher-grade footwall vein 1-10 metres thick and a lower grade hanging wall breccia with stock-work up to 30 metres thick
Outlook Verify the historic resources; expand known mineralization through drilling; initiate PEA, and evaluate opportunities for near-term production

Parral is an attractive advanced exploration project with near-term resource and production potential, located in Chihuahua state, Mexico, about five km north of the city of Hidalgo de Parral in the historic silver mining district of the same name. IMMSA mined in the Veta Colorada at Parral until 1990 and estimated a 32 million ounce historic silver resource adjacent to their old mines.

In September 2016 Endeavour acquired the old IMMSA/Parral property, which covers 3,450 hectares. Parral has abundant, high-grade exploration targets and the potential to grow through exploration, consolidation, and development. Parral offers positive synergies with Endeavour’s existing silver-gold-lead-zinc resources on the Cometa property in the area, hosted in medium-grade polymetallic epithermal veins.

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