Endeavour Silver (TSX:EDR, Stock Forum), a Vancouver-based firm engaged in acquisition, exploration, development and mining of mineral properties in Mexico, announced results today from exploration drilling at the El Cubo mine located in Guanajuato State, Mexico.
According to the news release, the company extended its recently discovered high-grade silver-golder mineralized zone in the Asuncion region of the Villalpando vein system (V-Asuncion) to over 800 metres long still open at depth and to the southeast for expansion.
The release went on to note that, “Drilling highlights from the V-Asuncion area in 2014 include 194 grams per tonne (gpt) silver and 2.89 gpt gold over 13.6 metres (m) true width, or 10.7 ounces per ton (opT) silver equivalents over 44.6 feet (ft), in hole CAS-44, including 10,843 gpt silver and 99.2 gpt gold over 0.15 m true width, or 490 opT silver equivalents over 0.5 ft (this high grade interval is uncut but only 1% of the total interval).”
Company VP of Exploration, Luis Castro, commented, “With our refined understanding of the local geological controls on mineralization at El Cubo, we were able to go from target definition to a new discovery to resource and reserve definition at V-Asuncion in the space of one year.”
He then concluded, “We estimated a small resource for this area at the end of 2013 and we anticipate it to be significantly larger for our year-end reserve/resource estimate and mine plan. In fact, typical of the Endeavour business model, the mine operations team gained access to and commenced production from the V-Asuncion area last year.”