Endeavour Silver Corp. (TSX: EDR) announced today the latest drill results from the Bolañitos Mine in Guanajuato State, Mexico, highlighting a discovery of high-grade gold-silver mineralization. The results are part of the company’s 2021 exploration drill program to expand the Melladito and Belen orebodies at the site.
A highlight of the results at the Melladito vein is an intersection of 1,211 g/t silver equivalent (8.09 g/t gold, 1,044 g/t silver) over 0.97 metres. On the Belen vein, the highlight intersection consisted of 458 g/t silver equivalent (4.43 g/t gold, 148 g/t silver) over 2.34 metres. Silver equivalents are calculated at a 70:1 silver-gold ratio.
A total of twelve holes were reported on this morning, with drilling occurring at Melladito and Belen predominantly. Numerous targets are said to be targeted in ongoing exploration along the two veins.
The company is currently producing from four orebodies at Bolañitos mine: Plateros, Lucero, San Miguel, and Melladito.
Endeavour Silver Corp. last traded at $8.01 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
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