Endeavour Acquires El Cuatro Properties

 

VANCOUVER - Endeavour Silver Corp. reported that it has acquired an option to purchase the El Porvenir Cuatro properties, located approximately 2.5 kilometers (km) northwest of the operating Porvenir silver mine, part of Endeavour's Guanacevi Mines project in Durango, Mexico.

The El Porvenir Cuatro and La Brisa properties (55.5 hectares) adjoin Endeavour's El Porvenir Dos property and cover an additional 670 meters (m) of strike length along the Santa Cruz vein system to the northwest, thus extending Endeavour's land position along this prolific mineralized structure to 4.5 km. The properties are road accessible, and are located only 4.5 km west of the town of Guanacevi.

The Santa Cruz vein occupies a normal fault defining the western edge of a large horst block that forms the core of the Guanacevi district and the San Pedro sub-district to the north. The Santa Cruz vein on Porvenir Cuatro mainly consists of a quartz-calcite+/- barite vein with manganese oxides and fine disseminations of argentite. In places, the main vein splays into two or three sub-parallel mineralized structures.

A small, historic silver mine named Mina Serrano is situated on the Santa Cruz vein at Porvenir Cuatro and was developed by a 130 m long adit and drifts on two mine levels. Endeavour sampled the upper level 36 drift and identified patches of strong silver mineralization assaying up to 282 grams per tonne (gpt) silver and 1.1 gpt gold over a 1.0 m vein width. The lower level 44 has recently been de-watered and is currently being sampled.

Bradford Cooke, Chairman and CEO, commented, "We view the acquisition of the Porvenir Cuatro properties as an attractive opportunity to explore for new high-grade silver deposits close to and along strike from our operating Porvenir silver mine.

The company’s address is 301-700 West Pender Street, Vancouver, BC V6C 1G8, 604.685.9775, fax: 604.685.9744.