logo-loader

Endeavour Silver discovers new zones of high grade mineralization on the Calicanto property

Last updated: 14:29 04 Dec 2017 EST, First published: 05:29 04 Dec 2017 EST

Silver bars
Luis Castro, Endeavour Silver’s vice–president of Exploration said: "A new resource estimate for the Calicanto property will be prepared at year-end"

Endeavour Silver Corp. (TSX:EDR) (NYSE:EXK) said it has discovered new zones of high grade mineralization on the Calicanto property in Zacatecas state, Mexico, with a new resources estimates to be prepared at the year-end.

The group said it has discovered high-grade silver-gold mineralization assaying up to 2,043 grams per tonne (g/t) silver and 13.2 g/t gold over a 2.8-metre true width within the Calicanto and Misie vein systems.

In a statement, Endeavour Silver said twenty-nine holes totalling 7,207 metres (m) of core were drilled to test the subparallel Misie-Karla-Karla HW veins, along which there are a few small historic diggings over a 1000 m strike length on the property, and the Calicanto vein, which saw historic underground mining accessed by several old shafts over an 800 m strike length on the property.

They added that drilling highlights include 2,043 g/t silver and 13.2 g/t gold (2,967 g/t silver equivalent (AgEq)) over a 2.8 m true width (86.5 oz per ton (opT) AgEq over 9.2 feet (ft)) in hole CLT-15 within the Calicanto vein.

The firm said another high grade intercept assayed 932 g/t silver and 1.26 g/t gold (1,020 g/t AgEq) over a 2.7 m true width (29.7 opT AgEq over 8.9 ft) in hole CLT-20 within the Misie vein.

Luis Castro, Endeavour Silver’s vice–president of Exploration commented, "We were very encouraged to discover new zones of high grade mineralization within the Misie-Karla-Karla HW and Calicanto veins.

“Even though only one drill hole intersected high grade mineralization in the Calicanto vein, it has exceptional grades and opens up potential within the vein for drilling next year.”

He added: "A new resource estimate for the Calicanto property will be prepared at year-end for release in the 1st quarter of 2018 as part of the El Compas project.

“With the El Compas mine coming to production in the next few months, and the potential to expand the plant capacity up to double the current proposed mine output, our near term goals at Calicanto are to expand the resources, assess their economic viability, apply for mining permits, and develop a mine plan to utilize the full El Compas plant capacity."

Shares in Endeavour in Toronto eased 1.10% to C$2.69 each.

Coniagas Battery Metals secures new key ground with focus on...

Coniagas Battery Metals (TSX-V:COS) CEO Frank Basa joined Steve Darling from Proactive to announce the company's strategic acquisition of key ground near SOQUEM’s Cardinal Property, located 80 km southeast of Chibougamau, Quebec. This acquisition underscores Coniagas’ commitment to capitalizing...

33 minutes ago