Endeavour Silver Corp. [EDR-TSX; EXK-NYSE] reported positive drill results from its continuing drill program at its 100%-owned Parral project in the state of Chihuahua, Mexico. The high-grade silver results show the potential for resource expansion at depth and along strike in the El Verde and Sierra Plata Deep areas along the Veta Colorada structure. Since April of this year, the company has drilled over 5,300 metres in 23 holes, totaling 8,100 metres year to date, with the aim to define and extend mineralized zones.
Considerable exploration potential remains along the 35 km2 land package and exploration will be on-going, with additional testing for new discoveries with surface mapping and sampling underway. This program will aid the Company’s goal to define a mineral resource large enough to support a preliminary economic assessment.
Highlights from recent drill results include 199 g/t silver, 4.68% lead and 2.64% zinc for 428 g/t AgEq (silver equivalent) over a 3.48-metre ETW, including 501 g/t silver, 8.08% lead and 6.50% zinc for 971 g/t AgEq over 0.27 metres (VCU-78).
VCU-80 returned 322 g/t Ag, 5.19% Pb and 1.62% Zn for 528 gpt AgEq over a 1.67 m ETW, including 605 g/t Ag, 14.8% Pb and 3.46% Zn for 1,150 g/t AgEq over 0.53 metres.
VCU-90 returned 664 g/t Ag, 1.88% Pb and 0.80% Zn for 747 g/t AgEq over a 5.56-metre ETW, including 5,600 g/t Ag, 15.35% Pb and 1.75% Zn for 6,096 g/t AgEq over 0.22 metres.
VCU-96 returned 242 g/t Ag, 0.48% Pb and 1.66% Zn for 317 g/t AgEq over a 5.34-metre ETW, including 711 g/t Ag, 0.53% Pb and 2.13% Zn for 806 g/t AgEq over 0.52 metres.
“In the areas of the El Verde and Sierra Plata historically mined areas, we continue to verify extensions of the mineralized zones at depth and along strike,” stated Dan Dickson, CEO. “The focus for the rest of the year will be to test the northern part of the project with a surface drilling program on various north to south striking structures, such as the northern extension of Veta Colorada, San Alberto and the El Cabezon systems; as well as resuming drilling of the San Patricio vein.”