Endeavour Silver Corp. - Exploration Review Of 2007 And Exploration Outlook For 2008

About this update from Endeavour Silver Corp.

[{"type":"text","content":"\n\n\n\nVANCOUVER, Feb. 12 /CNW/ - Endeavour Silver Corp. (EDR: TSX, EXK: AMEX,\nand EJD: Frankfurt) delivered additional exploration success in 2007,\nhighlighted by the discovery of new polymetallic mineralization on the El\nCometa mine property, part of Endeavour's Parral Project located in the\nhistoric mining district of Hidalgo de Parral, Chihuahua State, Mexico.\n\n\nLast year, the Company drilled a total of 24,000 m of core in 76 drill\nholes, testing prospective silver targets in 4 separate project areas,\nGuanacevi in Durango, Guanajuato in Guanajuato, Parral in Chihuahua and Arroyo\nSeco in Michoacan. All four areas returned positive drill results although\nmany of the sample assays for the projects were still in progress at year-end.\n\n\nFor 2008, Endeavour is budgeting 38,000 of drilling in approximately 150\ndrill holes using 4 drill rigs at the four project areas, with a renewed focus\non expanding the silver resources near Endeavour's two operating mines at\nGuanacevi and Guanajuato (previously called the Bolanitos Project but renamed\nto reflect the district-scale opportunity of the Bolanitos-Cebada-Golondrinas\nproperties at Guanajuato).\n\n\nBradford Cooke, Chairman and CEO, Commented "We are gratified to see our\nacquisition and exploration strategy at the Parral Project already paying off\nwith the new discovery at El Cometa. Even though the new mineralized zone is\nnot silver-rich, it has substantial zinc, lead and gold values. El Cometa is\nattractively located adjacent to existing infrastructure for rapid development\nand represents the first of what management hopes will be several new\ndiscoveries in this historic mining district."\n\n\nThe following is an overview of the Company's four principal exploration\nprojects in Mexico, including a review of exploration results in 2007 and the\noutlook for exploration programs in 2008:\n\n\nParral Project\n\n\n--------------\n\n\nEndeavour currently holds an option to acquire a 100% interest in the 20\nhectare (49 acres) El Cometa mine property located on the outskirts of the\ncity of Parral in Chihuahua State, Mexico. According to the Mexican Geological\nSurvey (SGM, previously CRM), the district of Parral produced over\n250 million oz silver historically, as a by-product of several large\nlead-zinc-silver vein mines. Two large polymetallic mines co...

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