Business
Endeavour Silver Continues to Intersect High Grade Polymetallic Mineralization in the San Patricio Vein System on the Parral Property
VANCOUVER, British Columbia, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) is pleased to report positive drill results from its
About this update from Endeavour Silver Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) is pleased to report positive drill results from its drill program over the past year at its Parral project in the State of Chihuahua, Mexico. The high-grade results show the potential for resource expansion at depth and along strike in the San Patricio area. Since September 2022, the Company has drilled over 6,595 metres (m) in 22 holes from surface, with the aim to expand mineralized zones at San Patricio (view San Patricio longitudinal section) and test regional targets previously identified. “We continue to make progress in understanding the mineralization system, growing resources and advancing the project to sufficient scale to support an economic study. This phase of drilling focused on high-grade polymetallic mineralization within the San Patricio vein system, verifying extensions of the mineralized zones at depth and along strike below historic mine workings.” stated Dan Dickson, Chief Executive Officer. “For Endeavour, Parral represents a historic silver producing district with significant district scale exploration and development potential. Highlights from Recent Drill Results 508 gpt Ag, 0.11 gpt Au, 0.45% Pb and 1.60% Zn for 586 gpt AgEq over 2.33 m ETW, including 1,405 gpt Ag, 0.13 gpt Au, 0.41% Pb and 2.22% Zn for 1,506 gpt AgEq over 0.43 m (SPT-47) 336 gpt Ag, 0.28 gpt Au, 1.04% Pb and 2.55% Zn for 477 gpt AgEq over 2.50 m ETW, including 1,760 gpt Ag, 0.40 gpt Au, 0.69% Pb and 3.97% Zn for 1,952 gpt AgEq over 0.29 m (SPT-38) 74 gpt Ag, 0.24 gpt Au, 0.77% Pb and 2.57% Zn for 206 gpt AgEq over 9.1 m ETW (SPT-34) Abbreviations include: gpt: grams per tonne; Ag: silver; Pb: lead; Zn: zinc; ETW: estimated true width; m: metre; HW: hanging wall. Silver equivalents are calculated using a silver price of $23 per troy ounce, lead price of $0.90 per pound, zinc price of $1.20 per pound and gold price of $1,840 per ounce. Background Information Endeavour Silver acquired the Parral Project from SSR Mining in 2016. Endeavour silver controls four district mineralized veins systems totaling 3,450 hectares. The Parral project is located adjacent to the city of Parral, with paved and gravel road access, on power grid, readily available water, labour and services. The Company published a mineral resource estimate in M...