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Nov. 27, 2023 -- Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) is pleased to report positive drill results from its exploration program at the Bolañitos Mine in Guanajuato State, Mexico. The 2023 program mainly focused on two areas, drilling the El Puertecito and Fortuna veins. At both areas, surface drilling intersected high-grade gold and silver mineralization near historic workings and provide opportunities to increase resources, replace reserves and extend mine life.
Dan Dickson, CEO, commented, “Our track record of exploration success has sustained operations at Bolañitos for over 16 years. Ongoing exploration results demonstrate our commitment to targeted and cost-effective brownfields exploration, which has been successfully extending mine life in this historically rich district. We continue to make progress year over year in understanding the regional mineralization system and remaining prospectivity at Bolañitos.”
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Drilling Context
At El Puertecito, since the beginning of the year, 32 new holes were completed totalling 5,833 metres. El Puertecito is a new area south of Bolañitos, situated 300 metres northeast from Endeavour Silver’s historic Golondrinas Mine. Due its proximity to existing infrastructure, minimal development would be required to incorporate El Puertecito into a mine plan. New high-grade vein mineralization has now been delineated over 400 metres in length to a depth of 120 metres. The structure remains open at depth and to the southeast.
At Fortuna, 13 holes were completed totalling 2,922 metres. Fortuna is located south of Bolañitos situated 200 metres from current accesses to the Lana vein of Endeavour Silver’s Lucero mine. Two structures have been delineated to define a mineralized zone of 250 metres in length and 100 metres to depth, open to the southeast.
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EXK is indeed one of the most promising silver producers - imo.
Yes I doPeter.........I'm not a sophisticated investor but I do gamble a bit. Do you think this is a good lottery ticket?
Well it depends on which market Vbut the market is just not giving ANYTHING of value to silver right now
True, didn't knowThey did take on a lot of debt to build Terronera
calling Fidelity to sell the 25 shares
52 Week Range | 1.7400 - 4.5500 |
Hey @Peter89 - Thanks. Just brought 25 shares @ Fidelity. Will leave it alone and add 25 more next month.
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