Endeavour Acquires El Milache Properties Along Trend From Porvenir Mine - Guanacevi District, Durango, Mexico

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[{"type":"text","content":"\n\n\n\nVANCOUVER, Nov. 27 /CNW/ - Endeavour Silver Corp. (EDR: TSX, EXK: AMEX\nand EJD: DBFrankfurt) announces the acquisition of an option to purchase the\nEl Milache properties along the trend of the Santa Cruz silver vein\napproximately 2 km northwest of the Porvenir Mine, part of Endeavour's\nGuanacevi Mines Project in Durango, Mexico.\n\n\nThe El Milache-El Desengano-Veronica properties (74.2 hectares) cover\nabout 1 km along the northwest-trending Santa Cruz vein and 1 km along the\nnorth to northeast-trending San Pedro vein-manto system. The properties are\nroad accessible, located only 1 km south of the town of San Pedro and 6 km\nnorthwest of the town of Guanacevi.\n\n\nOn the El Milache property, the Santa Cruz vein lies below the Tertiary\nUpper Volcanic sequence of rhyolite tuffs and flows and therefore represents a\nblind target for drilling along strike from the Porvenir mine. However, the\nSan Pedro veins and mantos were actively mined from surface on the El\nDesengano property in the early 1900's and again from 1982 to 2001.\n\n\nOn and around the Desengano property, mine workings include the Desengano\nramp and El Tule and Buena Fortuna shafts. Historically, these mines were\nestimated to have produced around 200,000 tonnes grading 1000 gpt silver and\nmore recently, local mine owners produced an estimated 280,000 tonnes grading\n500 gpt silver and 0.8 gpt gold. These historical production estimates are\nfrom local miners and while Endeavour believes them to be reasonably accurate\nbased on the volume of old mine dumps, Endeavour has not independently\nverified them and so they should not be relied upon.\n\n\nThe Santa Cruz vein is a normal fault defining the western edge of a\nlarge horst block that forms the core of the Guanacevi district and the San\nPedro sub-district to the north. Most of the historic vein mines at Guanacevi\nlie east of this horst block. In the San Pedro sub-district, numerous north\nto northeast-trending faults crosscut the horst block and the shallow-dipping\n(15 to 35 degrees) unconformable contact of the Tertiary Lower Volcanic\nandesite flows and tuffs overlying a conglomerate sequence.\n\n\nHigh grade, silver-lead-zinc orebodies formed in veins along the faults\nand in mantos along the andesite-conglomerate contact. The ore mineralogy\nconsists of argentite-galena-sphalerite associa...

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