Endeavour hits more silver in Mexico

Endeavour Silver (EDR-T) struck high grades of silver while drilling on the Porvenir Dos property — part of Endeavour’s Guanacevi Project in Durango, Mexico.

Porvenir Dos is located adjacent to and northwest of Endeavour’s new North Porvenir silver mine, and covers more than 1 km of prospective strike length along the Santa Cruz vein system.

A press release issued on Mar. 2 says high silver grades were intersected over vein widths in several drill holes over a 200-metre length and down 200 metres deep open in all directions.

Results include 484 grams per tonne silver over 5.6 metres in hole PD 36-2 and 3489 grams per tonne silver over 1.20 m in hole PD 36-3.

Porvenir Dos is the fourth discovery of high-grade silver mineralization on Endeavour properties covering more than 4 km of prospective strike length on the Santa Cruz vein.

Four drills are currently working at the Guanacevi Project on the Porvenir Dos, North Porvenir, El Porvenir and Deep Santa Cruz mineralized zones. Drill holes are spaced at 50-metre intervals along strike and down dip.

The 300-metre deep inclined Santa Cruz shaft has been refurbished and two cross-cuts were extended into the hanging wall rocks to act as drill platforms for the deep drilling. When complete Endeavour will decide if it will bring the Deep Santa Cruz mineralization into production in the fourth quarter of 2006.

The company says an updated N.I. 43-101 resource estimate will be released sometime in March.

Vancover-based Endeavour is focused on silver in Mexico. It has an expansion program underway at the Santa Cruz silver mine in Durango a project that Endeavor says “should develop it into one of the top five primary silver producers in the world.”

Godfrey Walton is the qualified person supervising the surface drilling and underground sampling programs. His sampling program includes blanks and duplicates to monitor the integrity of assays. All samples are split by Endeavour personnel at the Guanacevi camp, assayed at the Guanacevi plant and the blanks and duplicates are then driven to Durango where they are given to BSI Inspectorate Lab in Durango.

Pulps are air freighted to Reno, Nevada for analysis at BSI, Reno laboratory. Samples are dried, crushed and split and a 30-gram sub sample is taken for analysis.