Endeavour Silver Corp. discovered new high-grade, silver-gold mineralized zones within recently identified epithermal quartz veins at its El Compas and Terronera properties in Mexico, it said Dec. 13.
The drill programs are being conducted as part of a preliminary economic assessment for the El Compas property and a pre-feasibility study for the Terronera property.
At El Compas, results include 72 g/t of silver and 26.5 g/t of gold over a true width of 1.81 meters, including 283 g/t of silver and 132.5 g/t of gold over a true width of 0.24 meter.
Drilling at Terronera outlined a new high-grade, west plunging mineralized zone in the La Luz vein of over 300 meters by 250 meters, starting about 100 meters below surface and open to surface and to depth.
Results include 408 g/t of silver and 58.6 g/t of gold over a true width of 1.14 meters, including 1,365 g/t of silver and 238.0 g/t of gold over a true width of 0.26 meter.
Endeavour expects to complete the updated resource estimates and the new economic studies for the El Compas and Terronera projects in March 2017, it noted.
The company's silver equivalent production in the third quarter this year totaled 2.4 million ounces, an 18% drop year over year.