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June 1, 2015
Endeavour Silver Infill Drilling Confirms Thick, High Grade, Silver-Gold Mineralization at Terronera Property, Jalisco State, Mexico
VANCOUVER, BC--(Marketwired - June 01, 2015) - Endeavour Silver Corp. (TSX: EDR)(NYSE: EXK) announces that infill drilling on the Terronera property in Jalisco State, Mexico continues to define high grade, silver-gold mineralization within the Terronera vein system. The main mineralized zone extends over 1,400 metres (m) in length, and is still open along strike to the southeast and down dip.
Recent drilling highlights from the Terronera vein are summarized in the table below and include 1,371 grams per tonne (gpt) silver and 1.10 gpt gold (1,448 gpt silver equivalent (AgEq)) over 6.6 m true width, or 42.2 ounces per ton (opT) AgEq over 21.6 feet (ft), including 5,420 gpt silver and 5.12 gpt gold (5,778 gpt AgEq) over 0.3 m true width, or 171.6 opT AgEq over 1.0 ft in hole TR10-4.
Hole Structure From True Width Au Ag AgEq (m) (m) (gpt) (gpt) (gpt) TR10-4 Terronera 263.75 6.58 1.10 1371 1448 Including 270.85 0.31 5.12 5420 5778 TR11-2 Hw Terronera 196.90 1.57 0.12 96 104 Including 197.75 0.35 0.21 239 253 Terronera 223.30 10.90 0.84 413 472 Including 234.90 0.31 9.14 4830 5470 TR15-3 Terronera 358.80 1.71 2.75 217 409 Including 359.75 0.31 6.84 150 629 TR16-4 Hw Terronera 125.05 1.56 0.58 363 403 Including 126.15 0.21 1.37 1295 1391 Terronera 134.35 1.58 2.08 24 170 Including 134.80 0.27 3.82 11 278 TR16-5 Hw Terronera 148.40 2.29 0.86 681 741 Including 149.45 0.20 1.29 1370 1460 Old Working 152.50 Old Working TR16-6 Hw Terronera 318.85 0.19 0.28 92 112 Terronera 346.25 3.90 5.25 235 602 Including 349.50 0.16 11.90 366 1199 TR16-7 Terronera 366.75 1.52 0.35 255 279 Including 367.60 0.23 0.62 545 588 TR16-8 Terronera 418.80 1.57 2.56 74 253 Including 418.80 0.65 5.76 165 568 TR19-1 HW Terronera 242.00 1.68 7.19 150 653 Including 243.20 0.72 11.20 195 979 Terronera 291.25 4.24 2.24 117 274 Including 291.90 0.55 3.84 298 567 TR19-2 Hw Terronera 70.60 6.86 1.78 283 408 Including 78.55 0.53 6.85 204 684 Old Working 79.80 Old Working Terronera 93.00 2.16 2.28 42 201 Including 93.00 0.32 3.23 55 281 TR19-3 Hw Terronera 95.15 1.52 5.99 184 603 Including 96.35 0.32 23.50 647 2292 Old Working 97.30 Old Working Terronera 144.60 5.28 6.10 116 543 Including 149.50 0.19 26.20 307 2141 TR19-4 Hw Terronera 111.60 0.25 0.33 95 118 Old Working 112.00 Old Working Terronera 191.10 5.82 3.11 98 316 Including 196.70 0.16 10.05 277 981 TR20-6 Hw Terronera 100.00 1.80 1.31 57 148 Including 101.90 0.25 3.71 90 350 Terronera 151.00 2.08 3.93 63 338 Including 153.30 0.20 7.79 89 634 TR25-2 Terronera 107.45 2.12 3.06 72 286 Including 109.20 0.57 9.97 185 883 TR26-2 Terronera 30.45 3.90 4.43 296 606 Including 30.70 0.42 10.05 537 1241 The Terronera vein is a large mineralized structure over 20 m wide in places that has been traced on surface for more than 3.5 kilometres (view longitudinal section here). In the mineralized zone, it often forms two parallel splays, the main vein and the hanging-wall vein. Only the main vein is shown in the longitudinal section. Silver equivalents are calculated at a ratio of 70:1 silver:gold.
Luis Castro, Vice President of Exploration, commented, “Infill drilling of the inferred resource within the Terronera vein continues to deliver consistently high grades over mineable widths with strong continuity of mineralization. One drill rig is currently working at Terronera to complete infill drilling of the main mineralized zone as part of the pre-feasibility study now underway.
“The Terronera vein holds excellent potential for additional discoveries along strike and it is the first of several prospective veins to be drilled on the Terronera property. Our goal for 2015 is to complete the pre-feasibility study by the fourth quarter. We believe Terronera has the potential to become a high-grade, underground silver-gold mine similar to our Bolañitos mine in Guanajuato.”
Godfrey Walton, M.Sc., P.Geo., Endeavour’s President and COO, is the Qualified Person who reviewed and approved this news release and supervised the drilling programs in Mexico. 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-Chemex Labs, where they are dried, crushed, split and 50 gram pulp samples are prepared for analysis. Gold and silver are determined by fire assay with an atomic absorption (AA) finish.
About Endeavour Silver – Endeavour Silver is a mid-tier silver mining company focused on growing production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted ten consecutive years of accretive growth of its silver mining operations. Endeavour's three silver-gold mines in Mexico combined with its strategic acquisition and exploration programs should facilitate Endeavour's goal to become a premier senior silver producer.
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 Endeavour’s anticipated performance in 2015 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, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; 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, 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, 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.
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For more information, please contact:
Meghan Brown
Director Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Fax: (604) 685-9744
Email: moc.revlisrde@nworbm
Website: www.edrsilver.com
