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Endeavour Announces NI 43-101 Reserve/Resource Update: Proven/Probable Reserves Rise 50% to 14.9 Million Oz Silver; Silver Equivalent Reserves/Resources Increase 11% Over Last Year
VANCOUVER, March 3 /CNW/ - Endeavour Silver Corp. (EDR: TSX, EXK: AMEX, and EJD: Frankfurt) relea...
About this update from Endeavour Silver Corp.
[{"type":"text","content":"\n\n\n\nVANCOUVER, March 3 /CNW/ - Endeavour Silver Corp. (EDR: TSX, EXK: AMEX,\nand EJD: Frankfurt) released today updated, NI 43-101 reserve and resource\nestimates to December 31, 2007 for its three active silver mining and\nexploration projects in Mexico, the Guanacevi Mines in Durango State, the\nGuanajuato Mines (previously called Bolanitos) in Guanajuato State, and the\nParral Exploration project in Chihuahua State.\n\n\nHighlights of the new estimates include a 50% jump in proven and probable\nreserves to 14.9 million oz silver (16.5 million oz Ag equivalents, assuming a\n55:1 Ag:Au ratio, but not including any base metals) after replacing reserves\ndepleted by mining in 2007 and an 11% increase in total silver equivalent\nreserves and resources compared to December 31, 2006.\n\n\nThe updated reserves are additional to the updated resources, both shown\nin the table below:\n\n\n-------------------------------------------------------------------------\nReserves Proven & Probable\n-------------------------------------------------------------------------\nDescription Tonnes Ag g/t Au g/t Ag oz Au oz\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\nProven\n-------------------------------------------------------------------------\nGuanacevi 82,941 447 0.65 1,192,567 1,724\n-------------------------------------------------------------------------\nTotal Proven 82,941 447 0.65 1,192,567 1,724\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\nProbable\n ----------------------------------------------\nGuanacevi 1,140,933 354 0.61 13,002,592 22,309\n ----------------------------------------------\nGuanajuato 103,000 209 1.40 694,000 4,650\n ----------------------------------------------\nTotal Probable 1,243,933 342 0.67 13,696,592 26,959\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\nTotal Proven & Probable 1,326,874 349 0.67 14,889,159 28,684\n-------------------------------------------------------------------------\n-------------------------------------------------------------------------\n(x) Cut-off grade for Proven ...