Endeavour Silver Corp.

Endeavour Silver Drilling Discovers Potential Bulk Tonnage Silver Mineralization in the Palmilla Mine Area, Parral Project, Chihuahua, Mexico

Endeavour Silver Corp. gibt bekannt, dass das Unternehmen bei Erkundungsbohrungen im Konzessionsgebiet Parral im mexikanischen Bundesstaat Chihuahua eine potenziell im Massenabbau förderbare Silbermineralisierung innerhalb der Erzgänge Palmilla-Capuzava-La Luz im Bereich der Mine Palmilla entdeckt hat.  

Share article on

Vancouver, Canada – November 15, 2017 – Endeavour Silver Corp. (NYSE: EXK, TSX: EDR - http://www.commodity-tv.net/c/search_adv/?v=297486 ) announces that exploration drilling on the Parral property in Chihuahua State, Mexico has discovered potential bulk tonnage silver mineralization within the Palmilla-Capuzaya-La Luz veins in the Palmilla mine area.

Palmilla was an historic high grade silver mine which provided silver to the Mexican mint in the late 1800’s. While most of the narrow, high grade ores were mined out from underground workings located on and immediately south of the Parral property, Endeavour drilling has outlined lower grade, bulk tonnage mineralization above and along strike of the old workings that may be amenable to open pit mining.

Thirty two drill holes totaling 6,370 metres (m) of core were drilled to test the Palmilla mine area (view maps here). The drill holes were spaced at approximately 50 m centres along two main mineralized structures over an area 550 m long by 250 m wide by 150 m deep.

Drilling highlights include 11.1 m (36.4 feet (ft)) true width grading 154 grams per tonne (gpt) silver, 0.36 gpt gold, 0.07% lead and 0.23% zinc (179 gpt silver equivalent (AgEq) or 5.8 oz per tonne (opt) AgEq) in hole PAL-02. Other highlights include two intercepts of 11.0 m (36.1 ft) assaying 118 gpt silver, 0.60 gpt gold, 0.15% lead and 0.22% zinc (160 gpt AgEq or 5.1 opt AgEq) and 15.1 m (49.5 ft) running 114 gpt silver, 0.2 gpt gold, 0.22% lead and 0.33% zinc (128 gpt AgEq or 4.1 opt AgEq) in hole PAL-13.

Results for the 24 top drill intercepts are summarized in the table below.

Hole

Structure

From

True width

Au

Ag

Pb

Zn

AgEq

(m)

(m)

(gpt)

(gpt)

(%)

(%)

(gpt)

PAL-01

Capuzaya

102.00

13.08

0.14

49

0.254

0.651

59

 

Including

109.00

0.4

0.06

139

1.010

0.235

143

PAL-02

Palmilla

119.70

11.1

0.36

154

0.071

0.227

180

 

Including

145.45

0.5

0.15

1,115

0.045

0.277

1,126

PAL-04

Capuzaya

100.75

10.4

0.11

52

0.173

0.406

60

 

Including

117.90

0.2

0.38

166

0.237

1.005

192

PAL-05

Capuzaya

47.90

5.0

0.13

84

0.151

0.288

93

 

Including

51.85

0.3

1.02

757

0.477

0.083

828

PAL-06

Capuzaya

75.85

5.1

0.01

151

0.051

0.304

151

 

Including

78.15

0.6

0.01

486

0.066

0.322

487

PAL-07

Capuzaya

51.85

28.5

0.03

60

0.079

0.591

62

 

Including

58.60

1.0

0.03

347

0.455

0.079

349

PAL-08

Palmilla

69.15

13.4

0.35

79

0.168

0.279

103

 

Including

79.90

0.7

0.20

227

1.815

0.183

241

PAL-09

Capuzaya

82.10

11.8

0.09

139

0.141

0.219

145

 

including

85.15

0.3

0.19

1,050

2.360

0.224

1,063

PAL-10

Capuzaya

68.40

9.9

0.04

76

0.143

0.312

79

 

Including

72.90

0.9

0.04

233

0.191

0.178

236

PAL-11

Capuzaya

145.20

6.7

0.30

206

0.292

0.499

227

 

Including

147.20

0.3

1.17

889

0.155

0.108

971

PAL-13

La Luz

78.80

11.0

0.60

118

0.145

0.222

160

 

Including

84.40

0.7

2.13

596

0.621

0.159

745

 

Palmilla

97.05

15.1

0.20

114

0.216

0.331

128

 

including

108.15

0.4

0.21

383

0.144

0.220

398

PAL-14

Capuzaya

111.00

12.4

0.19

43

0.955

1.457

56

 

Including

119.40

0.6

0.87

222

6.290

0.290

283

PAL-15

La Luz

108.00

7.2

0.08

100

0.137

0.301

106

 

Including

113.90

0.4

0.14

572

0.682

0.438

582

PAL-17

Capuzaya

77.90

5.5

0.08

63

0.096

0.290

69

 

Including

81.50

1.0

0.08

126

0.096

0.387

132

PAL-18

Capuzaya

59.55

5.1

0.35

72

0.229

0.291

96

 

Including

59.55

0.4

0.70

284

1.605

0.328

333

PAL-20

Palmilla

14.80

12.8

0.58

63

0.018

0.109

104

 

Including

19.30

0.9

1.72

261

0.029

0.063

381

PAL-21

Capuzaya

101.35

13.4

0.10

91

0.361

0.565

98

 

including

125.05

0.3

0.14

499

0.544

0.948

509

PAL-22

La Luz

72.40

12.9

0.07

92

0.152

0.255

97

 

Including

85.00

0.7

0.28

248

0.287

0.080

268

 

Palmilla

96.05

6.8

0.11

65

0.084

0.158

73

 

Including

103.00

0.8

0.04

207

0.441

0.215

210

PAL-24

La Luz

115.70

5.2

0.05

47

0.142

0.429

51

 

Including

126.40

0.3

0.01

119

0.054

0.277

120

 

Palmilla

177.30

5.0

0.11

96

0.313

0.255

103

 

Including

182.00

0.3

0.13

582

0.289

0.145

591

PAL-25

La Luz

40.50

15.0

0.14

117

0.202

0.269

127

 

Including

65.50

2.4

0.12

681

1.895

0.084

690

 

Palmilla

89.05

15.9

0.75

35

0.366

0.736

88

 

Including

93.85

0.7

12.05

80

0.122

1.130

924

PAL-26

Capuzaya

55.90

6.0

0.01

61

0.081

0.528

62

 

Including

55.90

1.0

0.02

184

0.141

0.328

185

PAL-27

La Luz

130.60

5.1

0.10

79

0.164

0.476

85

 

Including

138.60

0.2

0.07

490

0.848

0.353

495

 

Palmilla

173.20

6.8

0.21

64

0.837

0.520

79

 

Including

174.25

0.7

0.04

215

0.766

0.151

218

PAL-29

La Luz

55.10

5.4

0.01

111

0.082

0.367

112

 

Including

56.10

0.3

0.03

437

0.078

0.894

439

 

Capuzaya

144.00

5.7

0.01

446

0.402

0.678

447

 

Including

145.20

0.9

0.01

2,170

0.576

0.437

2,171

PAL-32

Palmilla

77.35

13.2

0.56

121

0.192

0.388

160

 

Including

99.75

0.3

0.11

1,150

2,050

0.937

1,157

 

Capuzaya

118.00

11.8

0.12

46

0.174

0.340

54

 

Including

124.65

0.3

0.11

133

0.765

1.115

141

Silver equivalents are calculated at a ratio of 70:1 silver: gold, excluding base metals and expected recoveries

Luis Castro, Vice President of Exploration for Endeavour Silver, commented, “Our discovery of potential bulk tonnage silver-gold-lead-zinc mineralization in the Palmilla mine area, that may be amenable to open pit mining, is an exciting new development for the Parral district in general and our property in particular.”

“It gives us a second mineralized area with resource potential to complement the Veta Colorada area where we have already verified a portion of the historic high grade silver resource (see news release dated October 24, 2017).

“Drilling continues on the Parral property in a third mineralized area known as the San Patricio vein which lies to the north of Palmilla. A new resource estimate for the Parral property will be prepared at year-end for release in the 1st quarter of 2018.”

Godfrey Walton, M.Sc., P.Geo., Endeavour’s President and COO, is the Qualified Person who reviewed and approved this news release and supervised the drilling programs in Mexico. A Quality Control sampling program of reference standards, blanks and duplicates is used to monitor the integrity of all assay results. All samples are split at the local field office and shipped to ALS-Chemex Labs, where they are dried, crushed, split and 50 gram pulp samples are prepared for analysis. Gold and silver are determined by fire assay with an atomic absorption (AA) finish.

About Endeavour Silver – Endeavour Silver is a mid-tier precious metals mining company that owns three high grade, underground, silver-gold mines in Mexico. Since start‑up in 2004, Endeavour has grown its mining operations organically to produce 9.7 million ounces of silver and equivalents in 2016. We find, build and operate quality silver mines in a sustainable way to create real value for all stakeholders. Endeavour Silver’s shares trade on the TSX (EDR) and the NYSE (EXK).

Contact Information - For more information, please contact:
Galina Meleger, Director of Investor Relations
Toll free: (877) 685-9775
Fax: (604) 685-9744
Email: gmeleger@edrsilver.com
Website: www.edrsilver.com

Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch - www.resource-capital.ch

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward‑looking statements and information herein include but are not limited to statements regarding Endeavour’s anticipated performance in 2017 including changes in mining and operations and the timing and results of various activities. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Such factors include but are not limited to changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices, operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties; as well as those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company’s mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.



New Videos Endeavour Silver Corp.


TerraX Expands high grade Au-Mo-Cu-Ag zone at Ryan Lake Porphyry

Sampling returns assays up to 97.7 g/t Au, 32.4 g/t Ag, 2.09% Cu and 0.32% Mo. 

TerraX Minerals Inc.

Pershing Gold Announces Bought Deal of US$6.8 Million and Private Placement of US$6.8 Million

Pershing Gold Corporation, an emerging Nevada gold producer, today announced that it has entered into an underwriting agreement with a syndicate of...

Pershing Gold Corp.

First Cobalt Announces $25 Million Bought Deal Private Placement Financing

First Cobalt Corp. is pleased to announce it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. pursuant to...

First Cobalt Corp.