High Grade Silver Mineralization on San Pedro Properties

VANCOUVER, BC - Endeavour Silver Corp. reported that exploration drilling on its San Pedro properties in the Guanacevi silver district of Durango State, Mexico has encountered several new zones of high grade silver mineralization, including 6,680 gpt silver and 11.2 gpt gold over 1.15 m in drill hole EPS3-1.
Endeavour has drilled 12 holes to date on the San Pedro. These properties were recently acquired by the Company in the north end of the Guanacevi silver district in order to consolidate Endeavour's land-holdings and boost its silver resources near Endeavour's core operating silver asset, the Guanacevi Mines project in Guanacevi.
Seven of the 12 drill holes intersected economically interesting silver mineralization in five separate target areas spread over a 3.0 km x 1.5 km area at San Pedro. Each of the five target areas is wide open for expansion. Several of them may in fact be different portions of one large mineralized vein/manto system that appears to underlie much of the San Pedro area.
The MCH1-2 drill hole (see San Pedro drill hole location map: http://media3.marketwire.com/docs/EDR_DrillHole_Location.jpg) is important because it represents Endeavour's first new discovery of high grade silver mineralization within the same Santa Cruz vein system that hosts the operating Porvenir silver mine (part of the Guanacevi Mines project) some 2.5 km to the southeast. Three other drill holes, MCH1-1, MCH2-1 and MCH5-1, also intersected the Santa Cruz veins at shallow depths but the low grade silver mineralization in these holes suggests that they were drilled too shallow to intersect the bonanza zone of epithermal silver mineralization in this location.
The company's address is 301-700 West Pender Street, Vancouver, BC V6C 1G8, 604.685.9775, fax: 604.685.9744.