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01.06.2015
Endeavour Silver Infill Drilling Confirms Thick, High Grade, Silver-Gold Mineralization at Terronera Property, Jalisco State, Mexico

Endeavour Silver Infill Drilling Confirms Thick, High Grade, Silver-Gold Mineralization at Terronera Property, Jalisco State, Mexico

 

Vancouver, Canada – June 1, 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.

 

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

 

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 forwardlooking 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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