The Prospector News

Endeavour Silver Continues to Intersect High-Grade Silver-Gold Mineralization at the Bolañitos Operation

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Endeavour Silver Continues to Intersect High-Grade Silver-Gold Mineralization at the Bolañitos Operation

 

 

 

 

 

Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) is pleased to report positive drill results from its exploration program at the Bolañitos Mine in Guanajuato State, Mexico. The 2023 program mainly focused on two areas, drilling the El Puertecito and Fortuna veins. At both areas, surface drilling intersected high-grade gold and silver mineralization near historic workings and provide opportunities to increase resources, replace reserves and extend mine life.

 

Dan Dickson, CEO, commented, “Our track record of exploration success has sustained operations at Bolañitos for over 16 years. Ongoing exploration results demonstrate our commitment to targeted and cost-effective brownfields exploration, which has been successfully extending mine life in this historically rich district. We continue to make progress year over year in understanding the regional mineralization system and remaining prospectivity at Bolañitos.”

 

Highlight Drill Results from El Puertecito Vein Structure

  • 8.78 gpt Au and 86 gpt Ag for 788 gpt AgEq over a 2.09 m ETW, including 25.7 gpt Au and 59 gpt Ag for 2,115 gpt AgEq over 0.57 m in hole GOL-11
  • 4.44 gpt gold and 94 gpt silver for 449 gpt AgEq over a 2.07 m ETW, including 11.35 gpt Au and 258 gpt Ag for 1,166 gpt AgEq over 0.56 m in hole GOL-09

 

Highlight Drill Results from Fortuna Vein Structure

  • 4.01 gpt Au and 135 gpt Ag for 456 gpt AgEq over a 1.18 m ETW, including 8.04 gpt Au and 280 gpt Ag for 923 gpt AgEq over 0.56 m in hole GOL-42

 

Abbreviations include: gpt: grams per tonne; Au: gold; Ag: silver; ETW: estimated true width; m: metre; HW: hanging wall. Silver equivalents are calculated at a ratio of 80:1 silver:gold.

 

Drilling Context

 

At El Puertecito, since the beginning of the year, 32 new holes were completed totalling 5,833 metres. El Puertecito is a new area south of Bolañitos, situated 300 metres northeast from Endeavour Silver’s historic Golondrinas Mine. Due its proximity to existing infrastructure, minimal development would be required to incorporate El Puertecito into a mine plan. New high-grade vein mineralization has now been delineated over 400 metres in length to a depth of 120 metres.   The structure remains open at depth and to the southeast.

 

At Fortuna, 13 holes were completed totalling 2,922 metres. Fortuna is located south of Bolañitos situated 200 metres from current accesses to the Lana vein of Endeavour Silver’s Lucero mine. Two structures have been delineated to define a mineralized zone of 250 metres in length and 100 metres to depth, open to the southeast.

 

Latest Drill Results

 

The Bolañitos drill results are summarized in the following tables:

 

El Puertecito Vein:

 

Hole Structure From To True Width Au Ag AgEq
(m) (m) (m) (gpt) (gpt) (gpt)
GOL-08 Hw El Puertecito 60.40 62.30 1.46 6.86 342 891
Including 60.40 61.20 0.61 10.60 521 1369
El Puertecito 77.25 80.15 2.12 1.62 8 138
Including 77.25 77.85 0.44 3.22 6 264
GOL-09 El Puertecito 88.75 92.60 2.07 4.44 94 449
Including 91.55 92.60 0.56 11.35 258 1166
GOL-10 El Puertecito 113.85 115.45 0.97 5.36 35 464
Including 115.00 115.45 0.27 14.40 50 1202
GOL-11 El Puertecito 113.65 117.30 2.09 8.78 86 788
Including 114.75 115.75 0.57 25.70 59 2115
GOL-15 El Puertecito 153.20 154.95 1.22 19.96 91 1688
Including 153.80 154.35 0.38 51.60 249 4377
GOL-17 El Puertecito 139.55 140.90 1.24 2.18 18 192
GOL-20 El Puertecito 160.15 161.40 1.09 102.42 1149 9342
Including 160.45 161.15 0.61 181.00 2020 16500
GOL-23 El Puertecito 160.60 162.05 1.10 2.81 355 580
Including 161.15 161.65 0.38 7.78 1015 1637
GOL-25 El Puertecito 188.05 189.60 1.17 2.09 7 174
GOL-27 El Puertecito 122.00 123.20 1.08 0.88 92 162
Including 122.00 122.60 0.54 0.79 172 235
GOL-28 El Puertecito 139.70 140.85 0.91 3.20 102 359
Including 139.70 140.40 0.56 5.18 165 579
GOL-30 El Puertecito 162.95 164.90 1.46 5.86 174 643
Including 162.95 163.40 0.34 12.50 572 1572
GOL-31 El Puertecito 105.85 106.70 0.82 0.85 320 388
Fw El Puertecito 114.15 115.60 1.40 1.66 203 336
Including 115.05 115.60 0.53 3.83 480 786
GOL-34 El Puertecito 171.55 173.95 1.18 0.49 91 130
GOL-35 El Puertecito 95.30 96.70 1.38 1.06 232 317
Including 96.30 96.70 0.39 3.21 774 1031
GOL-36 El Puertecito 87.45 91.60 3.92 2.17 101 275
GOL-37 El Puertecito 108.15 109.45 1.17 3.22 120 378
Including 108.65 109.15 0.45 4.83 118 504

Note: Drill holes GOL-04, GOL-05, GOL-12, GOL-13, GOL-14, GOL-16, GOL-18, GOL-19, GOL-21, GOL-22, GOL-24, GOL-26, GOL-29, GOL-32, GOL-33, GOL-43 and GOL-44 returned no significant results

 

Fortuna Vein:

 

Hole Structure From To True Width Au Ag AgEq
(m) (m) (m) (gpt) (gpt) (gpt)
GOL-39 Fortuna 168.80 170.10 0.98 3.11 73 322
Including 168.80 169.60 0.60 4.99 118 517
Fw Fortuna 198.55 199.90 1.21 1.23 108 206
Including 198.55 199.10 0.49 2.41 255 448
GOL-40 Hw Fortuna 158.30 159.40 0.96 1.13 43 133
Including 158.30 158.70 0.35 1.95 49 205
GOL-41 Hw Fortuna 149.95 151.25 1.18 1.11 78 167
Including 150.30 150.75 0.41 1.78 207 349
GOL-42 Fortuna 179.90 181.60 1.18 4.01 135 456
Including 180.40 181.20 0.56 8.04 280 923
GOL-45 Hw Fortuna Norte 74.00 75.50 1.00 7.02 31 592
Including 74.50 75.00 0.33 20.60 92 1740
GOL-46 Hw Fortuna Norte 91.70 93.80 1.16 7.63 57 667
Including 92.20 92.80 0.33 26.40 197 2309
Hw Fortuna 165.65 167.50 1.36 0.54 60 103
Including 166.15 166.70 0.41 1.54 115 238
GOL-47 Fortuna 142.90 144.25 1.00 0.69 67 121
Including 142.90 143.30 0.29 1.41 68 181
GOL-48 Fortuna 94.85 96.15 0.92 4.32 125 470
Including 94.85 95.40 0.39 6.33 161 667
GOL-49 Hw Fortuna 99.45 100.45 0.86 3.08 26 272
Including 99.45 99.95 0.43 5.91 45 518
Fortuna 146.50 148.30 1.16 1.45 96 212
Including 147.45 147.80 0.22 4.59 92 459
Fw Fortuna 191.80 193.15 0.94 8.56 70 755
Including 192.65 193.15 0.35 13.90 42 1154
GOL-50 Hw Fortuna 94.45 95.45 0.94 1.15 48 140
Including 94.95 95.45 0.47 2.28 94 276
GOL-52 Hw Fortuna 111.25 112.85 1.36 2.78 135 357
Including 111.70 112.40 0.59 4.57 232 598
GOL-53 Hw Fortuna Norte 73.45 75.55 1.35 2.68 10 225
Including 73.45 73.70 0.16 21.80 81 1825
Hw Fortuna 140.90 142.60 1.19 4.22 165 502
Including 141.50 142.10 0.42 6.90 362 914

Note: Drill hole GOL-51 returned no significant results

 

Silver equivalents are calculated at a ratio of 80:1 silver:gold. All widths are estimated true widths.

 

Qualified Person and QA/QC – Dale Mah, P.Geo., Vice President Corporate Development of Endeavour Silver, is the Qualified Person who reviewed and approved the technical information contained in this news release. 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 SGS Labs, where they are dried, crushed, split and 250 gram pulp samples are prepared for analysis. Gold is determined by fire assay with an atomic absorption finish and silver by aqua regia digestion with ICP finish, over-limits by fire assay and gravimetric finish.

 

About Endeavour Silver

 

Endeavour is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico. Endeavour is advancing construction of the Terronera Project and exploring its portfolio of exploration projects in Mexico, Chile and the United States to achieve its goal of becoming a premier senior silver producer.  Our philosophy of corporate social integrity creates value for all stakeholders.

 

Posted November 27, 2023

Share this news article

MORE or "UNCATEGORIZED"


NGEX DRILLS 23.0 METRES AT 23.02% COPPER EQUIVALENT WITHIN 71.9 METRES AT 9.63% COPPER EQUIVALENT AT LUNAHUASI

NGEx Minerals Ltd. (TSX-V: NGEX) is pleased to report remaining... READ MORE

February 21, 2024

Platinex Intersects Widespread Gold Mineralization in Maiden Drill Program at Heenan including 77.44 m of 0.40 g/t Au and 27.15 m of 0.55 g/t and Announces Board Reorganization

Platinex Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) is please... READ MORE

February 21, 2024

Giyani closes US$10 million investment from ARCH

Giyani Metals Corp. (TSX-V:EMM) (GR:A2DUU8) developer of the K.Hi... READ MORE

February 21, 2024

Ero Copper Announces 2023 Production Results and Provides 2024 Guidance

Ero Copper Corp. (TSX: ERO) (NYSE: ERO)  is pleased to announce ... READ MORE

February 21, 2024

K92 Mining Announces Significant Maiden Drilling Results From Arakompa – Intersecting Multiple High Grade Lodes Including 7.2 M at 24.76 G/T AuEq & 149.4 M at 2.12 G/T AuEq Bulk Intersection Near Surface

First two holes from K92’s maiden drill program at the Arak... READ MORE

February 21, 2024

Copyright 2024 The Prospector News