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Endeavour Silver reports Parral Project drill results

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Global Mining Review,

Endeavour Silver Corp. has reported positive drill results from its ongoing exploration programme at the 3432 ha. Parral project situated in the State of Chihuahua, Mexico.

During the last 11 months, until the end of November, the company has drilled over 14 000 m in 59 holes targeting several areas along the La Colorada vein.

Recent drill results highlights:

  • VCS-10: 2846 g/t silver (Ag), 0.65% copper (Cu) over a 0.89 m ETW, including 3380 g/t Ag, 0.77% Cu over 0.75 m.
  • VCU-38: 840 g/t Ag, 0.11 g/t gold (Au), 0.25% Cu, 9.09% lead (Pb) and 4.74% zinc (Zn) for 1288 g/t silver equivalent ounces (AgEq) over a 2.77 m estimated true width (ETW), including:
    • 1585 g/t Ag, 0.26 g/t Au, 0.55% Cu, 34.88% Pb and 4.38% Zn for 2755 g/t AgEq over 0.36 m.
  • VCU-50: 708 g/t Ag, 0.55 g/t Au, 0.16% Cu, 10.95% Pb and 12.38% Zn for 1504 g/t AgEq over a 1.23 m ETW, including:
    • 1130 g/t Ag, 0.91 g/t Au, 18.95% Pb and 18.70% Zn for 2,406 g/t AgEq over 0.69 m.

“The Parral project continues to deliver great results,” commented Dan Dickson, CEO. “Following limited drilling in 2020 due to the pandemic, it was a priority for our exploration team to re-start the exploration programme at Parral this year to expand on the mineral resource estimate we published on the project in early 2020. Our goal is to continue the drill programme at Parral in 2022 as we get closer to achieving the scale required to support a positive economic assessment.”

The Parral project, which was acquired by Endeavour Silver in 2016, is in Hidalgo de Parral, a large historic silver mining district adjacent to the city of Parral, in the State of Chihuahua, Mexico. The project district comprises classic, high-grade silver, epithermal vein deposits, characterised by low-sulfidation mineralisation. The property is accessible by paved and gravel roads and has access to the local power grid.

The Veta Colorada (including the Sierra Plata and El Verde mines) was a past producing mining operation owned by Grupo Mexico that closed in 1991 due to low silver prices. Mineralisation, which occurs in a major silver vein structure that ranges from 1 – 30 m thick, was mined seven levels down to 300-m depths below surface in places and was traced for 7 km.

The company filed a NI 43-101 technical report on the Parral project, State of Chihuahua, Mexico on 14 March 2020. As of 31 December 2019, Parral had estimated indicated mineral resources of 613 000 t, containing 4 million oz Ag grading 207 g/t, 6800 oz Au grading 0.35 g/t, 17.5 million lbs Pb grading 0.63%, and 16.5 million lbs of zinc grading 0.61%. Inferred mineral resources are estimated to total 4.04 million t containing 35 million oz Ag grading 269 g/t, 62 800 oz Au grading 0.48 g/t, 65 million lbs Pb grading 0.35%, and 64.3 million lbs Zn grading 0.35%.

Due to the COVID-19 pandemic, the company suspended the Parral drill programmes in early 2020 and resumed drilling in 2021.

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