Endeavour Silver Corp. [TSX-EDR; NYSE-EXK] reported positive drill results from its drill program over the past year at its Parral project in the state of Chihuahua, Mexico. The high-grade results show the potential for resource expansion at depth and along strike in the San Patricio area. Since September 2022, the company has drilled over 6,595 metres in 22 holes from surface, with the aim to expand mineralized zones at San Patricio and test regional targets previously identified.
“We continue to make progress in understanding the mineralization system, growing resources and advancing the project to sufficient scale to support an economic study. This phase of drilling focused on high-grade polymetallic mineralization within the San Patricio vein system, verifying extensions of the mineralized zones at depth and along strike below historic mine workings,” stated Dan Dickson, CEO. “For Endeavour, Parral represents a historic silver-producing district with significant district-scale exploration and development potential.”
Highlights from recent drill results include 508 g/t Ag, 0.11 g/t Au, 0.45% Pb and 1.60% Zn for 586 g/t AgEq over 2.33 metres ETW, including 1,405 g/t Ag, 0.13 g/t Au, 0.41% Pb and 2.22% Zn for 1,506 g/t AgEq over 0.43 metres (SPT-47); 336 g/t Ag, 0.28 g/t Au, 1.04% Pb and 2.55% Zn for 477 g/t AgEq over 2.50 metres ETW, including 1,760 g/t Ag, 0.40 g/t Au, 0.69% Pb and 3.97% Zn for 1,952 g/t AgEq over 0.29 metres (SPT-38); and 74 g/t Ag, 0.24 g/t Au, 0.77% Pb and 2.57% Zn for 206 g/t AgEq over 9.1 metres ETW (SPT-34).
Endeavour Silver acquired the Parral Project from SSR Mining in 2016. Endeavour silver controls four district mineralized veins systems totaling 3,450 hectares. The Parral project is located adjacent to the city of Parral, with paved and gravel road access, on power grid, readily available water, labour and services.
Recent drilling in the San Patricio vein system has demonstrated the continuation of mineralization to the south and down dip, which is expected to grow the estimated resources at Parral. The most recent and deepest hole, SPT-53 intersected 198 g/t Ag, 0.3 g/t Au, 1.98% Pb and 7.3% Zn for 536 g/t AgEq over 3.9 metres. The company plans to continue testing the extension of this system.
Since recommencement of exploration activities, drilling has been conducted on the Colorada vein, where we have discovered mineralization in the Sierra Plata, El Verde and San Joaquin areas and the extension of San Patricio vein system. All drilling was outside of the published mineral resource estimate and results are expected to grow the resource estimate.
In addition to more drilling, the company plans further metallurgical testing and the commencement of an economic assessment of the Parral project. Social and environmental baseline studies are planned to begin to support future impact assessment studies.
During 2023, the company also tested various district targets, drilling 2,433 metres in nine holes. This drilling was designed to test the northern extension of the Colorada vein and other areas north of San Patricio. These targets did not encounter significant mineralization. Our technical team continued with mapping and sampling of numerous targets for future discovery-focused drilling.
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.