Mr.
Luis Castro reports
ENDEAVOUR SILVER DRILLING DISCOVERS POTENTIAL BULK TONNAGE SILVER MINERALIZATION IN THE PALMILLA MINE AREA, PARRAL PROJECT, CHIHUAHUA, MEXICO
Endeavour Silver Corp.'s exploration drilling on the Parral property in Chihuahua state, Mexico, has discovered potential bulk-tonnage silver mineralization within the Palmilla-Capuzaya-La Luz veins in the Palmilla mine area.
Palmilla was a historic high-grade silver mine which provided silver to the Mexican mint in the late 1800s. While most of the narrow, high-grade ores were mined out from underground workings located on and immediately south of the Parral property, Endeavour drilling has outlined lower-grade, bulk-tonnage mineralization above and along strike of the old workings that may be amenable to open-pit mining.
Thirty-two drill holes totalling 6,370 metres of core were drilled to test the Palmilla mine area. The drill holes were spaced at approximately 50 m centres along two main mineralized structures over an area 550 m long by 250 m wide by 150 m deep.
Drilling highlights include 11.1 m (36.4 feet) true width grading 154 grams per tonne (g/t) silver, 0.36 g/t gold, 0.07 per cent lead and 0.23 per cent zinc (179 g/t silver equivalent (AgEq) or 5.8 ounces per tonne AgEq) in hole PAL-02. Other highlights include two intercepts of 11.0 m (36.1 feet) assaying 118 g/t silver, 0.60 g/t gold, 0.15 per cent lead and 0.22 per cent zinc (160 g/t AgEq or 5.1 ounces per ton AgEq) and 15.1 m (49.5 feet) running 114 g/t silver, 0.2 g/t gold, 0.22 per cent lead and 0.33 per cent zinc (128 g/t AgEq or 4.1 ounces per ton AgEq) in hole PAL-13.
RESULTS FOR THE 24 TOP DRILL INTERCEPTS
Hole From True width Au Ag Pb Zn AgEq
(m) (m) (g/t) (g/t) (%) (%) (g/t)
PAL-01 102.00 13.08 0.14 49 0.254 0.651 59
109.00 0.4 0.06 139 1.010 0.235 143
PAL-02 119.70 11.1 0.36 154 0.071 0.227 180
145.45 0.5 0.15 1,115 0.045 0.227 1,126
PAL-04 100.75 10.4 0.11 52 0.173 0.406 60
117.90 0.2 0.38 166 0.237 1.005 192
PAL-05 47.90 5.0 0.13 84 0.151 0.288 93
51.85 0.3 1.02 757 0.477 0.083 828
PAL-06 75.85 5.1 0.01 151 0.051 0.304 151
78.15 0.6 0.01 486 0.066 0.322 487
PAL-07 51.85 28.5 0.03 60 0.079 0.591 62
58.60 1.0 0.03 347 0.455 0.079 349
PAL-08 69.15 13.4 0.35 79 0.168 0.279 103
79.90 0.7 0.20 227 1.815 0.183 241
PAL-09 82.10 11.8 0.09 139 0.141 0.219 145
85.15 0.3 0.19 1,050 2.360 0.224 1,063
PAL-10 68.40 9.9 0.04 76 0.143 0.312 79
72.90 0.9 0.04 233 0.191 0.178 236
PAL-11 145.20 6.7 0.30 206 0.292 0.499 227
147.20 0.3 1.17 889 0.155 0.108 971
PAL-13 78.80 11.0 0.60 118 0.145 0.222 160
84.40 0.7 2.13 596 0.621 0.159 745
97.05 15.1 0.20 114 0.216 0.331 128
108.15 0.4 0.21 383 0.144 0.220 398
PAL-14 111.00 12.4 0.19 43 0.955 1.457 56
119.40 0.6 0.87 222 6.290 0.290 283
PAL-15 108.00 7.2 0.08 100 0.137 0.301 106
113.90 0.4 0.14 572 0.682 0.438 582
PAL-17 77.90 5.5 0.08 63 0.096 0.290 69
81.50 1.0 0.08 126 0.096 0.387 132
PAL-18 59.55 5.1 0.35 72 0.229 0.291 96
59.55 0.4 0.70 284 1.605 0.328 333
PAL-20 14.80 12.8 0.58 63 0.018 0.109 104
19.30 0.9 1.72 261 0.029 0.063 381
PAL-21 101.35 13.4 0.10 91 0.361 0.565 98
125.05 0.3 0.14 499 0.544 0.948 509
PAL-22 72.40 12.9 0.07 92 0.152 0.255 97
85.00 0.7 0.28 248 0.287 0.080 268
96.05 6.8 0.11 65 0.084 0.158 73
103.00 0.8 0.04 207 0.441 0.215 210
PAL-24 115.70 5.2 0.05 47 0.142 0.429 51
126.40 0.3 0.01 119 0.054 0.277 120
177.30 5.0 0.11 96 0.313 0.255 103
182.00 0.3 0.13 582 0.289 0.145 591
PAL-25 40.50 15.0 0.14 117 0.202 0.269 127
65.50 2.4 0.12 681 1.895 0.084 690
89.05 15.9 0.75 35 0.366 0.736 88
93.85 0.7 12.05 80 0.122 1.130 924
PAL-26 55.90 6.0 0.01 61 0.081 0.528 62
55.90 1.0 0.02 184 0.141 0.328 185
PAL-27 130.60 5.1 0.10 79 0.164 0.476 85
138.60 0.2 0.07 490 0.848 0.353 495
173.20 6.8 0.21 64 0.837 0.520 79
174.25 0.7 0.04 215 0.766 0.151 218
PAL-29 55.10 5.4 0.01 111 0.082 0.367 112
56.10 0.3 0.03 437 0.078 0.894 439
144.00 5.7 0.01 446 0.402 0.678 447
145.20 0.9 0.01 2,170 0.576 0.437 2,171
PAL-32 77.35 13.2 0.56 121 0.192 0.388 160
99.75 0.3 0.11 1,150 2,050 0.937 1,157
118.00 11.8 0.12 46 0.174 0.340 54
124.65 0.3 0.11 133 0.765 1.115 141
Silver equivalents are calculated at a ratio of 70:1 silver:gold, excluding base metals and expected
recoveries.
Luis Castro, vice-president of exploration for Endeavour Silver, commented: "Our discovery of potential bulk-tonnage silver-gold-lead-zinc mineralization in the Palmilla mine area, that may be amenable to open-pit mining, is an exciting new development for the Parral district in general and our property in particular.
"It gives us a second mineralized area with resource potential to complement the Veta Colorada area where we have already verified a portion of the historic high-grade silver resource (see news release dated Oct. 24, 2017).
"Drilling continues on the Parral property in a third mineralized area known as the San Patricio vein which lies to the north of Palmilla. A new resource estimate for the Parral property will be prepared at year-end for release in the first quarter of 2018."
Godfrey Walton, MSc, PGeo, Endeavour's president and chief operating officer, 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 is used 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 Corp.
Endeavour Silver is a mid-tier precious metals mining company that owns three high-grade, underground, silver-gold mines in Mexico. Since start-up in 2004, Endeavour has grown its mining operations organically to produce 9.7 million ounces of silver and equivalents in 2016. The company finds, builds and operates quality silver mines in a sustainable way to create real value for all stakeholders.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.