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Endeavour Silver Introduces Portfolio of Exploration Projects in Chile, Reviews Growth Strategies and 2019 Exploration Plans, Hosting Growth Webinar Today, 10 am PT

ID: 1546328
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(PresseBox) - Endeavour Silver Corp. (TSX: EDR, NYSE: EXK - http://www.commodity-tv.net/c/search_adv/?v=298293) introduces a portfolio of high impact exploration projects in Chile, reviews its historic and current growth strategy to build a bigger, better, more sustainable business and provides details on its exploration programs and budgets for 2019. All currency references herein are in US$.

Introducing Three Exploration Projects in Chile

Over the past six years, Endeavour has acquired and advanced three exploration projects in northern Chile (Aida, Paloma and Cerro Marquez), each of which has excellent potential for large, new discoveries.

Endeavour developed road access to the Aida and Cerro Marquez projects and completed several phases of early stage exploration work to identify high priority targets for drilling.

Bradford Cooke, CEO, commented, ?In recent years, we diversified our growth strategy to include a portfolio of greenfields projects in Chile that have bulk tonnage potential.We are thrilled to introduce today this new pipeline of growth projects and we look forward to drilling them in the second half of this year.?

Aida ? Bulk Tonnage and/or High Grade, ?Bolivian Silver Belt? LS Epithermal Silver Project

Location, Access and Infrastructure ? located in northern Chile Region II along the Argentina border, at an elevation of 4,600 metres (m) above sea level, approximately 180 kilometres (km) east-southeast of Calama and 60 km southwest of SSR?s Pirquitas mine in northern Argentina, accessible by paved highway 27 and dirt road.

Property Description ? total of 7,900 hectares, consisting of 3 older mineral concessions which cover the small, historic Mina Vieja mine, on which Endeavour holds an option to purchase a 100% interest subject to a 2% net smelter return royalty (NSR), surrounded by 30 new mineral concessions staked by Endeavour.



Regional Geology and Target ? part of the northwest trending Bolivian silver-lead-zinc-tin belt that runs from eastern Peru south through Bolivia to northern Argentina and Chile.rro Potosi).

Property Geology and Mineralization ? Aida covers a 4 km long x 2 km wide, argillic-phyllic-silicic alteration zone within dacite-andesite tuffs, breccias, flows, siltstones, sandstones and conglomerates intruded by a Miocene rhyo-dacite dome.ply dipping Estrella banded chalcedony vein and related quartz-stibnite vein splays and cross structures that cut the dome.

Rock and Soil Geochemistry ? Endeavour collected and analyzed 1,244 rock samples and 1,829 soil samples to define two main targets.rom the northeast Domo target assayed up to 60 silver and soil samples defined a large silver-antimony-arsenic-mercury anomaly measuring 4.0 km x 0.5 km.

2019 Exploration Plans ? ground magnetic survey to help define mineralized structures and possible buried intrusions, and possibly 2,500 m of diamond drilling in H2, 2019 subject to re-allocating funds in the exploration budget.

Paloma - Bulk Tonnage and/or High Grade, High Sulfidation Epithermal Gold Project

Location, Access and Infrastructure ? located in northern Chile Region II, at an elevation of 5,000 m above sea level, approximately 150 km east-southeast of Calama and 50 km west of Aida, accessible by paved highway 27 and dirt road.

Property Description ? total of 5,100 hectares, consisting of 8 mineral concessions on which Endeavour holds an option to acquire up to a 70% interest from Compania Minera del Pacifico, S.A. (CMP), a large Chilean iron ore mining company.

Regional Geology and Target ? part of the northwest trending Maricunga and El Indio gold belt that runs from northern Chile to southern Peru. The target type is bulk tonnage, low to high grade, disseminated/stock-work, breccia/vein, high sulfidation epithermal deposits related to intrusive domes or the tops of porphyry systems intruding andesite-dacite volcanics within a Miocene volcanic caldera (examples include El Indio, Pascua Lama, and Salares Norte).

Property Geology and Mineralization ? Paloma covers a 3.5 km long x 2.0 km wide, acid sulfate-vuggy silica-potassic-phyllic-advanced argillic-argillic alteration zone carrying highly anomalous indicator elements over a broad area, including vuggy quartz breccias and gypsum stockwork zones, hosted by bimodal andesite-dacite tuffs, breccias and flows.

Rock and Geochemistry ? Endeavour collected and analyzed 33 rock samples to define a high-level indicator element anomaly throughout the alteration zone.

2019 Exploration Plans ? road building, machine trenching, detailed geological mapping, geochemical soil survey, clay spectral analysis, ground magnetic and IP-resistivity surveys to further define high priority drill targets, followed by 2,500 m of diamond drilling in H2, 2019.

Cerro Marquez - Bulk Tonnage, Porphyry Copper (Gold-Molybdenum) Project

Location, Access and Infrastructure ? located in northern Chile Region XV within 90 km of the Peru border, at an elevation of 4,200 m above sea level, approximately 100 km east of Arica, accessible by paved highway A31 and dirt road.

Property Description ? total of 7,800 hectares, consisting of seven older mineral concessions, on which Endeavour holds an option to purchase a 100% interest subject to a 2% NSR, and 20 new mineral concessions staked by Endeavour.tion and paying $2.5 million over 4 years with the final payment due in 2020.

Regional Geology and Target ? part of the porphyry copper belt that runs from central Chile into southern Peru.Chuquicamata, Escondida, and El Teniente).

Property Geology and Mineralization ? Cerro Marquez covers a 6.5 km long x 3.0 km wide, advanced argillic-argillic-phyllic-silicic alteration zone within bimodal dacite-andesite tuffs, breccias, and flows.tion, very similar to the age of El Teniente and La Alumbrera.

Rock and Soil Geochemistry ? Endeavour collected and analyzed 150 rock samples and 1,091 soil samples to define two targets.es lie along trend to the southeast.

Magnetic and IP Resistivity Geophysics -

2019 Exploration Plans ? additional road building and machine trenching, followed by 3,000 m of diamond drilling in H2, 2019.

Review of Growth Strategy

Starting in 2004, when silver prices were rising, Endeavour focused on buying old high grade, underground mines in historic silver-gold districts in Mexico and discovering virgin orebodies hiding below surface that could be fast tracked to production in order to refurbish, modernize and expand each operation. Each mine was permitted and operating but had high operating costs and little or no reserves, yet each mine had excellent potential because they were significantly under-explored.

Endeavour provided the capital and expertise needed to commence brownfields exploration, discover new orebodies and fast track their development to production in months instead of the usual years.004-2012.

The Company recognized that historic mining districts in Mexico were significantly under explored in modern times because Mexico restricted foreign investment in the mining sector to 49% ownership in 1961 and did not revert to 100% ownership until NAFTA was formed in 1993. At each mine, management saw strong geological evidence on surface of potential for high grade, bonanza orebodies below surface because low sulfidation, epithermal mineralization occurs within well-defined sub-horizontal bands typically 300-600 m in vertical dimension and the rocks above the ?ore band? usually exhibit specific alteration types and textures with anomalous metal values.

Endeavour continues to discover mineralization near old mines (most recently San Miguel at Bolanitos) but this has become more challenging over time.acquiring new projects with greenfields discovery potential.

Starting in 2012, when silver prices were falling, management turned its attention to acquiring a portfolio of three exploration and development projects, also in historic mining districts in Mexico, at bear market prices.

The new El Compas mine is currently being commissioned this quarter to become Endeavour?s 4th mine, small but high grade and expandable if resources continue to grow.project but resources are growing rapidly, it has great local infrastructure and management sees clear potential for Parral to become mine #6.

In 2012, Endeavour opened an exploration office in Chile to acquire and explore district scale, early stage exploration projects in Chile that have potential for high impact, world class discoveries.nd its business, the Company should have exposure to potential large discoveries, and this strategy takes advantage of the Company?s exploration expertise which is one of Endeavour?s core strengths.

The Company is focused on brownfields exploration to expand resources and reserves and extend mine lives, completing advanced exploration, engineering and economic studies and environmental permitting on its development projects in order to make development decisions and build new mines to drive organic growth.

2019 Mexico Exploration Plans

Guanacevi

The 2019 exploration budget is $1.2 million for 6,000 m of underground crosscuts and core drilling to extend the Porvenir Norte and Santa Cruz orebodies and infill and extend the Milache orebody.

Bolanitos

The 2019 exploration budget is $0.8 million for 5,000 m of surface core drilling to extend the Plateros orebody and outline new resources in the San Miguel vein.

El Cubo

The 2019 exploration budget is $0.3 million for 2,000 m of underground core drilling to extend the Villalpando-Asuncion vein.

El Compas

The 2019 exploration budget is $0.8 million for 5,500 m of surface core drilling to extend the El Compas, Calicanto and Santa Fe veins and infill drill the El Orito orebody.

Terronera

The 2019 exploration budget is $0.8 million for prospecting, mapping and sampling the Unica area to the north and El Alto area to the south, where multiple new veins have already been identified, to delineate new targets for future drilling.

Parral

The 2019 exploration budget is $2.3 million for 6,000 m of surface core drilling and an underground crosscut to confirm old resources and outline new resources in the Veta Colorada vein, as well as a preliminary economic assessment and initial mine permitting.

Chile

The 2019 exploration budget is $2.5 million for 5,500 m of surface core drilling at Paloma and Cerro Marquez plus more surface exploration work at Aida.

Growth Webinar

Today, Endeavour?s CEO, Bradford Cooke and Vice President of Exploration, Luis Castro will host a live, two-hour, webcast on Endeavour?s Growth Outlook, with presentations on each of the Company?s exploration and development projects followed by Question and Answer periods starting at 10am PT (1:00pm ET). This webinar will provide detailed disclosure on the Company?s exploration strategies and plans for 2019, including the new portfolio of exploration projects in Chile.

Participants can join the live webcast athttp://www.edrsilver.com/2019explorationstrategywebcast.

Toll-free in Canada and the US: 1-800-319-4610

Local Vancouver: 604-638-5340

Outside of Canada and the US: + 604-638-5340

The webcast will be archived and made available for replay the Company''s website at www.edrsilver.com under the Investor Relations, Events section.

Release of 2018 Financial Results and Conference Call

The 2018 Fourth Quarter and year-end consolidated financial results will be released before market on Monday, February 25, 2019 and a telephone conference call will be held the same day at 10:00am PT (1:00pm ET). To participate in the conference call, please dial the numbers below. No pass-code is necessary.

Toll-free in Canada and the US: 1-800-319-4610


A replay of the conference call will be available by dialing 1-800-319-6413 in Canada and the US (toll-free) or +604-638-9010 outside of Canada and the US. The required pass-code is 2873#. The audio replay and a written transcript will also be made available on the Company''s website at www.edrsilver.com.

About Endeavour Silver ? Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. Endeavour is currently commissioning its fourth mine at El Compas, advancing a possible fifth mine at the Terronera mine project and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer.

SOURCE Endeavour Silver Corp.



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Date: 02/01/2019 - 09:16
Language: English
News-ID 1546328
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