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Endeavour Silver’s Surface Exploration Program Outlines Prospective New Silver-Gold Veins on Terronera Property

Reviewed

Jun 28 2016

Endeavour Silver Corp. announces that its surface exploration program has outlined several prospective new silver-gold veins on the Terronera property in Jalisco State, Mexico. To date, mapping has extended the Terronera vein system over a 7 kilometre (km) by 7 km area and identified nine additional veins in the northern half of the property (view map).

Sampling of the Terronera vein system confirmed that high-grade, low sulphidation epithermal silver-gold mineralization is present in many of the veins. Assays of several thousand samples, including grab samples, selected samples and chip samples, returned values up to 2,880 grams per tonne (gpt) silver and up to 26.7 gpt gold.

Assay highlights from five of the new veins are summarized in the table below. These assays are intended to show peak values confirming the presence of high-grade mineralization and should not be taken as representative of the entire veins. Most of these new veins have never been tested by drilling. Silver equivalents are calculated at a ratio of 70:1 silver:gold.


Vein	Sample No	Au	Ag	AgEq
Vein	Sample No	(gpt)	(gpt)	(gpt)
Las Coloradas	17540	6.41	2,880	3,329
	17542	0.59	850	891
	17543	1.52	1,005	1,111
	17555	0.13	294	303
	17579	0.25	282	300
Los Reyes	15808	0.10	585	592
	15813	1.93	393	528
	15814	0.99	562	631
	15875	1.42	630	729
	17259	4.03	1,050	1,332
	17264	0.73	743	794
	17302	1.94	575	711
La Ermita	15261	0.13	398	407
	15358	0.88	506	568
	15359	0.48	387	421
	15361	0.55	290	329
	15367	0.37	423	449
	15369	0.43	1,355	1,385
	15470	0.13	342	351
El Padre	14223	0.87	135	196
	14061	10.10	148	855
	14208	0.58	174	215
	14226	0.52	227	263
	14229	1.97	315	453
	14207	0.73	325	376
	14221	0.66	358	404
La Luz	12840	20.70	506	1,955
	12832	5.31	555	927
	14019	0.52	564	600
	12836	6.82	567	1,044
	12862	7.81	576	1,123
	12837	5.70	589	988
	12838	26.70	763	2,632
	12833	11.15	763	1,544
	12808	8.09	818	1,384
	12907	7.40	951	1,469

General descriptions of five of the new veins are shown in the table below:


Target	Length (m)	Width (m)	General Description	Results (ranges)
Target	Length (m)	Width (m)	General Description	Au ppm	Ag ppm
Las Coloradas	700	0.85-2.30	Quartz vein (gray, saccaroidal to massive); with disseminated sulphides; dendriticOxMn, OxFe in fractures; associated argillized rhyolitic volcanics, with oxidized disseminated pyrite	0.005-6.41	4.0-2880
Los Reyes	1,800	0.25-2.55	Quartz vein (white-crystalline); with traces of OxMn + OxFe; hosted in silicified rhyolitic volcanics	0.006-4.03	0.2-1050
La Ermita	600	0.15 - 3.00	Quartz vein (white-massive), with moderate to strong OxFe + OxMn + hematite, in druses and boxworks; traces of pyrite and other sulphides; with stockwork zones at the hanging wall and footwall.	0.005-0.88	0.4-1355
El Padre	1,800	0.40 - 4.00	Quartz vein (white-massive); with moderate to strong oxidation, at some parts intense OxMn. Quartz stockwork observed at the hanging wall. with disseminated pyrite and traces of gray sulphides, intervals with very white quartz and weak oxidation.	< 0.005-10.10	< 0.2-358
La Luz	1,550	0.30 - 3.00	Quartz Vein (white-massive), with moderate to strong oxidation; some hydrothermal breccias with stockwork zones, with moderate oxidation, and some massive quartz, with weak oxidation; OxFe + OxMn;	< 0.005-26.7	0.5-951

Luis Castro, Vice President of Exploration, commented, "These excellent sample results confirm that Endeavour owns an entire vein district on the Terronera property, with many veins exhibiting high-grade silver-gold mineralization and small historic mine workings but no past exploration drilling. Currently we have two drill rigs testing the El Padre and La Luz veins."

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 has been instituted 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.

Image Available: http://www.marketwire.com/library/MwGo/2016/6/27/11G104341/Images/Terronera_Project_Veins_Map-1557f52ad5d7a1a38739a310ed0692a5.jpg

Source:

http://www.edrsilver.com/