SOURCE: Endeavour Silver Corp.

Endeavour Silver Corp.

June 01, 2015 07:30 ET

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.

       
       
HoleStructureFromTrue WidthAuAgAgEq
   (m)(m)(gpt)(gpt)(gpt)
TR10-4Terronera263.756.581.1013711448
  Including270.850.315.1254205778
TR11-2Hw Terronera196.901.570.1296104
  Including197.750.350.21239253
  Terronera223.3010.900.84413472
  Including234.900.319.1448305470
TR15-3Terronera358.801.712.75217409
  Including359.750.316.84150629
TR16-4Hw Terronera125.051.560.58363403
  Including126.150.211.3712951391
  Terronera134.351.582.0824170
  Including134.800.273.8211278
TR16-5Hw Terronera148.402.290.86681741
  Including149.450.201.2913701460
  Old Working152.50Old Working   
TR16-6Hw Terronera318.850.190.2892112
  Terronera346.253.905.25235602
  Including349.500.1611.903661199
TR16-7Terronera366.751.520.35255279
  Including367.600.230.62545588
TR16-8Terronera418.801.572.5674253
  Including418.800.655.76165568
TR19-1HW Terronera242.001.687.19150653
  Including243.200.7211.20195979
  Terronera291.254.242.24117274
  Including291.900.553.84298567
TR19-2Hw Terronera70.606.861.78283408
  Including78.550.536.85204684
  Old Working79.80Old Working   
  Terronera93.002.162.2842201
  Including93.000.323.2355281
TR19-3Hw Terronera95.151.525.99184603
  Including96.350.3223.506472292
  Old Working97.30Old Working   
  Terronera144.605.286.10116543
  Including149.500.1926.203072141
TR19-4Hw Terronera111.600.250.3395118
  Old Working112.00Old Working   
  Terronera191.105.823.1198316
  Including196.700.1610.05277981
TR20-6Hw Terronera100.001.801.3157148
  Including101.900.253.7190350
  Terronera151.002.083.9363338
  Including153.300.207.7989634
TR25-2Terronera107.452.123.0672286
  Including109.200.579.97185883
TR26-2Terronera30.453.904.43296606
  Including30.700.4210.055371241
       
       

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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Contact Information

  • For more information, please contact:
    Meghan Brown
    Director Investor Relations
    Toll free: (877) 685-9775
    Tel: (604) 640-4804
    Fax: (604) 685-9744
    Email: mbrown@edrsilver.com
    Website: www.edrsilver.com