Endeavour Silver Drilling Extends High Grade Silver-Gold Mineralization in Santa Cruz Vein at the Guanaceví Mine in Durango, Mexico
NEWS RELEASE
Endeavour Silver Drilling Extends High Grade Silver-Gold Mineralization in
Santa Cruz Vein at the Guanaceví Mine in Durango, Mexico
Vancouver, Canada – August 30 , 2017 – Endeavour Silver Corp . (NYSE: EXK, TSX: EDR)
announces that exploration drilling at the Guanaceví mine in Durango State, Mexico has extended high
grade silver-gold mineralization along strike within the Santa Cruz vein and discovered new ore grade
mineralization within a shallow, parallel splay of the Santa Cruz vein known as the La Negra vein.
These holes extend the boundaries of the current resource area (dated December 31, 2016) . Drilling
highlights include 786 grams per tonne (gpt) silver and 0.71 gpt gold (836 gpt AgEq) over 3.4 m true
width (24.4 opT AgEq over 11.2 feet (ft)), with an internal interval assaying 2,260 gpt silver and 1.73 gpt
gold (2,381 gpt AgEq) over 0.3 m true width (69.4 opT AgEq over 1.0 ft) (view long sections here).
Results for nine new drill holes are summarized in the table below.
Hole Structure
From True width Au Ag AgEq
(m) (m) (gpt) (gpt) (gpt)
NE-01 La Negra 172.80 2.0 0.37 259 285
Including 174.00 0.8 0.42 439 468
NEU-03 Santa Cruz 96.45 2.9 0.47 260 293
Including 97.30 0.3 0.85 554 614
NEU-06 Santa Cruz 107.80 2.6 0.33 334 356
Including 107.80 0.8 0.53 683 720
UG-17 Fw SCV 218.10 1.9 0.46 324 357
Including 218.10 0.2 0.67 607 654
UG-18 Fw SCV 222.15 1.4 0.42 180 209
Including 223.00 0.4 0.64 296 341
UG-19 Santa Cruz 231.40 3.4 0.71 786 836
Including 234.50 0.3 1.73 2,260 2,381
UG-21 Santa Cruz 162.35 1.3 0.37 397 423
Including 162.35 0.3 1.06 993 1,067
UG-27 Santa Cruz 224.15 1.9 0.84 357 416
Including 224.75 0.1 4.30 2,010 2,311
UG-29 Santa Cruz 264.55 1.2 1.66 618 735
Including 266.30 0.1 6.77 2,350 2,824
Silver equivalents are calculated at a ratio of 70:1 silver:gold.
Bradford Cooke, CEO of Endeavour Silver, commented, “These encouraging drill results continue to
extend the resource envelop e in the Santa Cruz vein at Guanaceví along strike from our current reserves
and operating production areas. Another 15 drill holes have been completed and are in the lab for
assaying. The 2017 drill program will wrap up this month below budget and ahead of schedule . We will
then commence the process of the year-end resource and reserve estimation.”
Godfrey Walton, M.Sc., P.Geo., Endeavour’s President and COO, is the Qualified Person wh o reviewed
and approved this news release and supervised the drilling programs in Mexico. A Quality Control
sampling program of reference standards, blanks and duplicates has been instituted to monitor the
integrity of all assay results. All samples are sp lit at the local field office and shipped to ALS -Chemex
Labs, where they are dried, crushed, split and 50 gram pulp samples are prepared for analysis. Gold and
silver are determined by fire assay with an atomic absorption (AA) finish.
About Endeavour Silv er – Endeavour Silver is a mid -tier precious metals mining company that owns
three high grade, underground, silver-gold mines in Mexico. Since start-up in 2004, Endeavour has grown
its mining operations organically to produce 9.7 million ounces of silver a nd equivalents in 2016. We
find, build and operate quality silver mines in a sustainable way to create real value for all stakeholders.
Endeavour Silver’s shares trade on the TSX (EDR) and the NYSE (EXK).
Contact Information - For more information, please contact:
Meghan Brown, Director Investor Relations
Toll free: (877) 685-9775
Tel: (604) 640-4804
Fax: (604) 685-9744
Email: [email protected]
Website: www.edrsilver.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward -looking statements” within the meaning of the United States private securities litigation
reform act of 1995 and “forwar d-looking information” within the meaning of applicable Canadian securities legislation. Such
forward-looking statements and information herein include but are not limited to statements regarding Endeavour’ s anticipated
performance in 2017 including changes in mining and operations and the timing a nd results of various activities . The Company
does not intend to, and does not assume any obligation to update such forward -looking statements or information, other than as
required by applicable law.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different fro m
those expressed or implied by such st atements. Such factors include but are not limited to changes in national and local
governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico;
financial risks due to precious metals prices, operating or technical difficulties in mineral exploration, development and mining
activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration a nd
development, risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties; as well as
those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form
filed with the S.E.C. and Canadian securities regulatory authorities.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the
continued operation of the Company’s mining operations, no material adverse chan ge in the market price of commodities,
mining operations will operate and the mining products will be completed in accordance with management’s expectations and
achieve their stated production outcomes, and such other assumptions and factors as set out her ein. Although the Company has
attempted to identify important factors that could cause actual results to differ materially from those contained in forward -
looking statements or information, there may be other factors that cause results to be materially dif ferent from those anticipated,
described, estimated, assessed or intended. There can be no assurance that any forward -looking statements or information will
prove to be accurate as actual results and future events could differ materially from those anticip ated in such statements or
information. Accordingly, readers should not place undue reliance on forward-looking statements or information.