High Grade Silver-Gold Discovery At Porvenir Cuatro

 

VANCOUVER, BC - Endeavour Silver Corp. reported that the first drilling program on the recently acquired Porvenir Cuatro property in Guanacevi District, Durango, Mexico has discovered a new zone of high grade, silver-gold mineralization.

Drilling highlights include 713 grams per tonne silver and 3.85 gpt gold over a 5.67 meter true width (30.4 oz per ton silver equivalents over 18.6 feet) in hole PC50-2, including 3,250 gpt silver and 39.7 gpt gold over 0.31 m true width (181.1 opt silver equivalents over 1.0 ft) assuming a 60:1 silver:gold ratio based on current silver/gold prices - base metals are not included as silver-equivalents).

Barry Devlin, Vice President Exploration for Endeavour commented: "This new high grade silver-gold discovery at Porvenir Cuatro is a great start to our 2009 drilling program at Guanacevi. We knew the property had good potential because of the historic, small high grade El Serrano mine. It is situated within the same Santa Cruz vein system that contains the Alex Breccia, Santa Cruz, Porvenir Mine and Porvenir Dos ore-bodies along strike to the south-east. Because Serrano sits near the topographic high on the Porvenir Cuatro property, we interpreted the main "bonanza" zone to occur lower in elevation. Our initial drill holes have proved this interpretation and the new discovery is wide open along strike and down dip."

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