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Endeavour Silver receives high grade silver gold mineralization at Calicanto property

Mining News - Published on Thu, 07 Dec 2017

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Endeavour Silver Corp announced that exploration drilling on the Calicanto property in Zacatecas State, Mexico has discovered high grade silver-gold mineralization assaying up to 2,043 grams per tonne silver and 13.2 gpt gold over 2.8 m true width within the Calicanto and Misie vein systems. Twenty-nine drill holes totaling 7,207 metres 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.

Drilling highlights include 2,043 gpt silver and 13.2 gpt gold (2,967 gpt silver equivalent over a 2.8 m true width (86.5 oz per ton (opT) AgEq over 9.2 feet in hole CLT-15 within the Calicanto vein. Another high grade intercept assayed 932 gpt silver and 1.26 gpt gold (1,020 gpt AgEq) over a 2.7 m true width (29.7 opT AgEq over 8.9 ft) in hole CLT-20 within the Misie vein.

Mr Luis Castro, Vice President, Exploration for Endeavour Silver, commented that “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.”

Mr Castro said that “The Calicanto vein appears to be related to, and is possibly the same vein as, the Mala Noche Footwall Zone, on which our neighbor Capstone Mining intersected 2.2 % copper over a 14.4-metre estimated true width in a deep step-out drill hole close to our property boundary, as announced by Capstone on September 12, 2017.

Mr Castro added that “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.”

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Posted By : Rabi Wangkhem on Thu, 07 Dec 2017
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