Welcome!

News Feed Item

Endeavour Silver Drilling Continues to Intersect High Grade Silver-Gold Mineralization in La Luz-Asuncion Vein at Bolanitos Mine, Guanajuato

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/24/14 -- Endeavour Silver Corp. (NYSE:EXK)(TSX:EDR) announces that exploration drilling at the Bolanitos mine in Guanajuato State, Mexico continues to intersect high grade, silver-gold mineralization in the Asuncion area of the La Luz vein system (L-Asuncion) forming three discrete zones over an 800 metre length, still open to some extent at depth and towards surface.

Drilling highlights from the L-Asuncion area in 2014 include 329 grams per tonne (gpt) silver and 4.75 gpt gold over 4.60 metres (m) true width, or 17.9 ounces per ton (opT) silver equivalents over 15.1 feet (ft), in hole LZ17-4, including 1,530 gpt silver and 9.4 gpt gold over 0.13 m true width, or 61.1 opT silver equivalents over 0.5 ft.

At a 200 gpt/m cutoff, these two mineralized zones collectively measure more than 400 m long by 250 m deep by up to 5 metres thick (see L-Asuncion longitudinal section here). Silver equivalents are calculated at a ratio of 60: 1 silver: gold. Drilling highlights were as follows:


----------------------------------------------------------------------------
                                             True                           
                                    From    Width       Au       Ag    Ag Eq
Hole             Structure           (m)      (m)    (gpt)    (gpt)    (gpt)
----------------------------------------------------------------------------
LZ15-1           La Luz           294.85     2.45    11.01    550.7    1,211
                 -----------------------------------------------------------
                 Including        297.10     0.58    19.15    846.0    1,995
----------------------------------------------------------------------------
LZ15-2           La Luz           342.30     3.51     6.24    325.0      699
                 -----------------------------------------------------------
                 Including        346.65     0.23    14.15    729.0    1,578
----------------------------------------------------------------------------
LZ16-4           La Luz           267.60     1.81     1.89     89.8      203
                 -----------------------------------------------------------
                 Including        269.25     0.34     3.79    295.0      522
----------------------------------------------------------------------------
LZ16-5           La Luz           330.80     1.84     2.33     85.4      225
                 -----------------------------------------------------------
                 Including        332.65     0.17     8.21    243.0      736
----------------------------------------------------------------------------
LZ17-3           La Luz           430.80     3.05     5.56    121.8      456
                 -----------------------------------------------------------
                 Including        431.95     0.22     8.84    525.0    1,055
----------------------------------------------------------------------------
LZ17-4           La Luz           249.40     4.60     4.75    328.8      614
                 -----------------------------------------------------------
                 Including        253.70     0.13     9.44  1,530.0    2,096
----------------------------------------------------------------------------
LZ18-3           La Luz           309.50     2.58     3.08     33.3      218
                 -----------------------------------------------------------
                 Including        310.75     0.19     2.60    263.0      419
----------------------------------------------------------------------------
LZ19-2           La Luz           349.15     3.23    11.41     67.8      752
                 -----------------------------------------------------------
                 Including        350.95     0.43    40.80    149.0    2,597
----------------------------------------------------------------------------
LZ21-1           La Luz           374.95     1.59     3.84    434.7      665
                 -----------------------------------------------------------
                 Including        376.60     0.21    27.10  2,580.0    4,206
----------------------------------------------------------------------------
LZ22-3           La Luz           312.55     1.60     2.35    404.6      546
                 -----------------------------------------------------------
                 Including        313.00     0.41     3.85    865.0    1,096
----------------------------------------------------------------------------

In 2007, Endeavour identified the L-Asuncion area as one of several highly prospective target areas for the discovery of new high grade silver-gold mineralization at Bolanitos based on old maps showing substantial mine fill of economic grade within historic mine workings at L-Asuncion. In 2012, the Company rehabilitated the old Asuncion mine shaft and gained access to map, sample and commence production of the old mine fill from the underground mine workings.

Exploration crews subsequently discovered impressive sections of mineralized vein that remained unmined in the L-Asuncion area. Surface drilling last year confirmed the presence of mineralization over 800 metres and the exploration focus for 2014 in the L-Asuncion area is to expand and better define two of the three high grade zones while tunneling progresses in a northwest direction towards them.

Luis Castro, Vice President of Exploration, commented, "We are very encouraged by both the internal continuity and precious metal grades of these mineralized zones at L-Asuncion. They remain open to some extent both down dip and up dip and represent a future production area for us at Bolanitos. Thanks to our robust free cash flow, Endeavour currently has eleven drill rigs (seven surface and four underground) working in Mexico: two at Guanacevi, three at Bolanitos, four at El Cubo and two at the emerging new high grade discovery in the Terronera vein on our San Sebastian project in Jalisco State."

Godfrey Walton, M.Sc., P.Geo., and 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 - Endeavour Silver is a mid-tier silver mining company focused on growing its production, reserves and resources in Mexico. Since start-up in 2004, the Company has posted nine consecutive years of accretive growth of its silver mining operations. Endeavour's three operating silver-gold mines in Mexico combined with its strategic acquisition and exploration programs should facilitate our goal to become a premier senior silver producer.

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 forward-looking statements and information herein include but are not limited to statements regarding Endeavour's anticipated performance in 2014, the timing and results of exploration drill programs and expectations of increased resource/reserve estimates. 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; fluctuations in the prices of commodities and their impact on reserves and resources 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, drilling results to achieve increases in resource/reserve estimates, 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Recognizing the need to identify and validate information security professionals’ competency in securing cloud services, the two leading membership organizations focused on cloud and information security, the Cloud Security Alliance (CSA) and (ISC)^2, joined together to develop an international cloud security credential that reflects the most current and comprehensive best practices for securing and optimizing cloud computing environments.
SYS-CON Events announced today that (ISC)²® (“ISC-squared”) will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Two leading non-profits focused on cloud and information security, (ISC)² and Cloud Security Alliance (CSA), developed the Certified Cloud Security Professional (CCSP) certification to address the increased demand for cloud security expertise due to rapid growth in cloud. Recently named “The Next...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
DevOps is not just last year’s buzzword. Companies with DevOps practices are 2.5x more likely to exceed profitability, market share, and productivity goals. But how do you enable high performance? What can you do right now to start? Find out from DevOps experts including Gene Kim, co-author of "The Phoenix Project," and the Dynatrace Center of Excellence.
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, will give users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion w...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...