| | Publié le 12 décembre 2007 | Acquires San Pedro Properties In Guanacevi Silver District, Durango, Mexico |
|
Article
|
Commentaires
|
Commenter
|
Notation
|
♥
Suivre la société
|
|
| |
|
Wednesday, December 12, 2007
Endeavour Acquires San Pedro Properties In Guanacevi Silver District, Durango, Mexico
|
|
Vancouver, Canada - December 12, 2007 - Endeavour Silver Corp. (EDR: TSX, EXK: AMEX, EJD: DBFrankfurt) announces the acquisition of an option to purchase the San Pedro properties, located about 6 km northwest of Endeavour's operating Porvenir Mine, in the Guanacevi silver district, Durango State, Mexico.
The 15 San Pedro properties (330 hectares) cover the heart of the historic San Pedro sub-district north of Guanacevi, and include the famous El Soto, Nuevo Australia, Noche Buena and Buena Fe silver mines. They boost Endeavour's land holdings in Guanacevi by 53% to 957 hectares, and give the Company a major new prospective area to explore for high grade silver deposits.
Like the Guanacevi district, the San Pedro sub-district was originally founded in the late 1500's for its famously high grade silver ores. However, unlike Guanacevi, the silver mineralization at San Pedro is found in manto orebodies where high angle vein structures crosscut the shallow dipping contact of Cretaceous conglomerates with overlying Tertiary andesites. For complete details on the Guanacevi Mines Project click here.
By the early 1900's, the El Soto and Nueva Australia mines were developed and producing from 9 levels and 12 shafts down to a maximum depth of 167 m. In 1921, the Mexico Consolidated Mining and Smelting Co. Ltd. reported that the rich silver manto ores at El Soto-Nueva Australia typically graded 1000-2000 gpt silver, 1-30 gpt gold, and 1-10% lead-zinc, with direct shipping smelter ores assaying up to 20,000 gpt silver.
East and down-dip of El Soto-Nueva Australia lie the Noche Buena and Buena Fe Mines, which recorded minor historic production, but similar high grade ores. In this area, the hangingwall andesites are strongly altered to clay and adularia, mineralized with pyrite and anomalous in silver, suggesting buried mineralization at depth. Dr. Larry Buchanan, author of some of the most definitive technical papers on epithermal vein systems, visited the San Pedro sub-district in 1993 and wrote, "The Buena Fe area presents a very attractive exploration target for major tonnages of manto ore. The size and intensity of the geochemical anomalies and of the wallrock alteration suggest that the Buena Fe area may host as much mineralization as has been mined in the past from San Pedro."
He estimated past production from El Soto-Nueva Australia and other mines in San Pedro at around 450,000 tonnes grading 1500 gpt silver and 1.5 gpt gold, or 25 million oz silver-equivalent. Endeavour believes this historic estimate to be reasonably accurate based on the known extent of underground mine workings at San Pedro. However, the Company has not independently verified this historic estimate and so it should not be relied upon.
Endeavour can acquire a 100% interest in the San Pedro properties, by paying 120,000 common shares and issuing 60,000 warrants to purchase 60,000 shares at US$4.69 within a 1 year period, upon receipt of regulatory approval and a further 570,776 shares within a 24 month period. The vendor will retain a 1% net smelter royalty on mineral production.
In addition, the Company will provide the Vendor with up to US$400 per meter to advance the Buena Fe adit during the 24 month option period. Any ores produced from this tunnel will be used to repay Endeavour's investment, after which the net profits will be shared equally (50/50) with the Vendor.
In this way, Endeavour anticipates generating positive cash flow to help pay for the exploration programs on the properties. A Phase 1 program of IP-Resistivity geophysics and geological mapping is expected to commence in Q1, 2008 in order to help target the prospective vein-manto intersections for drilling.
Bradford Cooke, Chairman and CEO, commented, " The San Pedro properties not only substantially expand Endeavour's prospective land-holdings at its Guanacevi Mines Project, they also provide the Company with most of the San Pedro sub-district to explore for new high grade silver manto deposits. We are thrilled by the opportunities for new silver discoveries at San Pedro." For management profiles click here.
Barry Devlin, M.Sc., P. Geo., the Vice President of Exploration for Endeavour, is the Qualified Person who reviewed this news release.
Endeavour Silver Corp. (EDR: TSX, EXK: AMEX, EJD: DBFrankfurt) is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The expansion programs now underway at Endeavour's two operating mines, Guanacevi in Durango and Bolanitos in Guanajuato, coupled with the Company's aggressive acquisition and exploration programs in Mexico, should enable Endeavour to join the ranks of top primary silver producers worldwide.
ENDEAVOUR SILVER CORP.
Per:
/s/ "Bradford Cooke"
Bradford J. Cooke
Chairman and CEO
For more information, please contact Hugh Clarke Toll free: 877-685-9775, tel: (604) 685-9775, fax: (604) 685-9744, email investorrelations@edrsilver.com or visit our website, www.edrsilver.com. The TSX Exchange has neither approved nor disapproved the contents of this news release.
CAUTIONARY DISCLAIMER -- FORWARD LOOKING STATEMENTS
Certain statements contained herein regarding the Company and its operations constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward looking statements" involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as discussed in the Company's filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts may be based on data insufficient to support them. Godfrey Walton, M.Sc., P.Geo., President and COO is the Qualified Person for the Company as required by NI 43-101. The Company expressly disclaims any obligation to update any forward-looking statements. We seek safe harbour.
|
|
| |
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCTEUR |
CODE : EDR.TO |
ISIN : CA29258Y1034 |
CUSIP : 29258Y 10 3 |
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Endeavour Silver est une société de production minière d'or et d'argent basée au Canada. Endeavour Silver détient divers projets d'exploration au Chili et au Mexique. Ses principaux projets en production sont GUANAJUATO (BOLANITOS) et GUANACEVI au Mexique et ses principaux projets en exploration sont ARROYO SECO et PARRAL au Mexique et LA PRESIDENTA CHILE au Chili. Endeavour Silver est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 284,7 millions (207,1 millions US$, 189,3 millions €). La valeur de son action a atteint son plus bas niveau récent le 25 janvier 2002 à 0,01 , et son plus haut niveau récent le 14 septembre 2012 à 9,99 . Endeavour Silver possède 47 442 200 actions en circulation. |
Présentations des Compagnies de VanEck Vectors Global Alternative Energy ETF |
Dans les médias de VanEck Vectors Global Alternative Energy ETF |
Rapports annuels de VanEck Vectors Global Alternative Energy ETF |
Financements de VanEck Vectors Global Alternative Energy ETF |
Nominations de VanEck Vectors Global Alternative Energy ETF |
Rapports Financiers de VanEck Vectors Global Alternative Energy ETF |
Projets de VanEck Vectors Global Alternative Energy ETF |
|
Communiqués de Presse de VanEck Vectors Global Alternative Energy ETF |
03/08/2016 | Endeavour Silver posts 2Q profit |
27/07/2016 | Coverage Initiated on Silver Stocks First Majestic Silver, S... |
20/07/2016 | Here’s Why These Five Stocks Are on the Move on Wednesday |
11/07/2016 | Endeavour Silver Produces 1,551,851 oz Silver and 15,649 oz ... |
27/06/2016 | Endeavour Silver Outlines Several Prospective New Silver-Gol... |
02/06/2016 | Endeavour Silver Appoints New Vice President, Corporate Deve... |
30/05/2016 | Endeavour Silver Completes Acquisition of Oro Silver Resourc... |
27/05/2016 | Endeavour Silver Announces Annual General Meeting Results |
29/01/2016 | Silver Could Spike $10 In A Day In Global Collapse Scenario |
28/01/2016 | Endeavour Silver to cut output in Mexico on low prices |
28/01/2016 | Endeavour Silver Provides Production and Cost Guidance for 2... |
21/01/2016 | Endeavour Silver Updates Reserve and Resource Estimates; Dee... |
25/11/2015 | Endeavour Silver Announces At-the-Market Offering of Up to U... |
24/11/2015 | Is Endeavour Silver Corp. (CAN) (EXK) A Good Stock To Buy? |
04/11/2015 | Should Endeavour Silver (EXK) Be On Your Radar Now? |
02/11/2015 | Endeavour Silver Reports Financial Results for Third Quarter... |
02/11/2015 | Endeavour Silver reports 3Q loss |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
28/10/2015 | Endeavour Silver Announces Revised Date for Release of Third... |
16/10/2015 | Will Endeavour Silver (EXK) Continue to Surge Higher? |
08/10/2015 | Endeavour Silver Produces 1,820,282 oz Silver and 15,319 oz ... |
22/09/2015 | Endeavour Silver Infill Drilling Confirms High Grade, Gold-S... |
09/09/2015 | Endeavour Silver Drilling Extends Three Zones of High Grade,... |
17/08/2015 | Endeavour Silver Drilling Intersects High Grade, Gold-Silver... |
06/08/2015 | Endeavour Silver reports 2Q loss |
06/08/2015 | Endeavour Silver Reports Financial Results for Second Quarte... |
09/07/2015 | Endeavour Silver Produces 1,769,741 oz Silver and 13,047 oz ... |
23/04/2015 | Endeavour Silver Makes Minor Amendments to Stock Option Plan |
08/04/2015 | Endeavour Silver Produces 1,820,050 oz Silver and 15,808 oz ... |
08/04/2015 | Produces 1,820,050 oz Silver and 15,808 oz Gold
(2.9 Millio... |
17/03/2015 | Endeavour Silver Initiates Major Mine Expansion at El Cubo; ... |
17/03/2015 | Endeavour Silver Reports 2014 Financial Results; Conference ... |
17/03/2015 | Initiates Major Mine Expansion at El Cubo; Raises Production... |
01/11/2013 | to Report Third Quarter 2013 Financial Results Before Market... |
09/10/2013 | Sets New Production Record in Third Quarter, 2013; Produces ... |
16/09/2013 | Raises 2013 Production Guidance to 6.0 Million oz Silver and... |
11/09/2013 | Drilling Intersects New Silver-Gold Mineralization Near Hist... |
06/08/2013 | Reports Second Quarter, 2013 Financial Results; Conference C... |
22/07/2013 | Drilling Intersects Three Gold-Silver Mineralized Zones Near... |
10/07/2013 | Sets New Production Record in Second Quarter, 2013; Produces... |
11/06/2013 | Drill Program Continues to Intersect High Grade Silver-Gold ... |
23/05/2013 | Reports Results of Annual General Shareholder Meeting |
06/05/2013 | Reports First Quarter 2013 Financial Results, Conference Cal... |
06/05/2013 | Reports First Quarter 2013 Financial Results, Conference Cal... |
29/04/2013 | Implements Cost Reductions, Revises 2013 Financial Plan to R... |
19/04/2013 | Reports Fatality of Contractor Employee at El Cubo Mine |
08/04/2013 | Reports Record Production in First Quarter, 2013; Produces 1... |
12/03/2013 | Reports Record Earnings, Cash Flow and Revenue in 2012, Conf... |
25/02/2013 | Reports Strong Reserve and Resource Growth in 2012 |
13/02/2013 | Sustainability Review 2012 and Outlook 2013 |
30/01/2013 | Forecasts Ninth Consecutive Year of Production Growth, El Cu... |
12/11/2012 | Appoints Luis Castro, Ing., as Vice President, Exploration |
12/11/2012 | Appoints Luis Castro, Ing., as Vice President, Exploration |
12/11/2012 | Appoints Luis Castro, Ing., as Vice President, Exploration |
06/11/2012 | Reports Third Quarter 2012 Financial Results; Q3, 2012 Confe... |
09/10/2012 | Illegal Work Stoppage at El Cubo Lease Facilities |
24/09/2012 | Continues to Extend High Grade Silver-Gold Mineralization in... |
18/09/2012 | Extends High Grade Silver-Gold Mineralization in the Lana Ve... |
10/09/2012 | Provides El Cubo Capital Budget and Operational Update |
07/08/2012 | Reports Second Quarter 2012 Financial Results; Arranges $75 ... |
10/07/2012 | Production Continues to Climb in Second Quarter, 2012; Produ... |
29/06/2012 | and AuRico Gold Extend Closing of the Purchase/Sale of the E... |
19/06/2012 | Options Lourdes Property in Guanajuato, Mexico |
05/06/2012 | Clarifies Technical Disclosure for the El Cubo Mine and Guad... |
22/05/2012 | Discovers High Grade Silver-Gold Mineralization at the San S... |
08/05/2012 | Reports Record Adjusted Earnings for Q1, 2012, Up 35% to $19... |
24/04/2012 | to Release First Quarter 2012 Financial Results on May 8, 20... |
15/04/2012 | and AuRico Gold Sign Definitive Agreement |
11/04/2012 | Reports Record Production in First Quarter, 2012; Produces 1... |
19/03/2012 | Expands Its Reserves/Resources for 8th Consecutive Year |
07/03/2012 | to Release 2011 Financial Results on March 20, 2012, Confere... |
24/01/2012 | Review of Exploration Results in 2011 and Plans for 2012 |
17/01/2012 | Initiates Two $500,000, 5 Year Scholarship Programs for Eart... |
19/07/2011 | to Release Second Quarter 2011 Financial Results on August 3... |
11/07/2011 | Reports Continued Production Growth in 2nd Quarter, 2011; Pr... |
26/04/2011 | to Release First Quarter 2011 Financial Results on May 5, 20... |
11/04/2011 | Reports Record Production in First Quarter, 2011; Produces 9... |
07/03/2011 | Announces Transfer of Common Share Listing From NYSE Amex to... |
01/02/2011 | 2010 Exploration Review and Exploration Plans for 2011 |
06/01/2011 | Sets New Production Records in 4th Quarter, 2010, Silver Pro... |
01/12/2010 | Cream Board of Directors Recommends Acceptance of Amended En... |
24/12/2008 | David Morgan's Latest Commentary |
21/11/2008 | David Morgan's Latest Commentary on Silver |
10/11/2008 | Webcast Rodman & Renshaw Conference, Monday November 10 |
16/09/2008 | Chairman and CEO Comments to Shareholders: Fundamentals Rem... |
05/09/2008 | Present at The Silver Summit, Coeur d'Alene, Idaho |
26/03/2008 | David Morgan Exclusive Interview -Third in a Series |
22/02/2008 | & David Morgan - February Interview |
19/02/2008 | Endeavour Acquires Navegantes Properties Near Parral Distric... |
12/12/2007 | Acquires San Pedro Properties In Guanacevi Silver District, ... |
27/11/2007 | Acquires El Milache Properties Along Trend from Porvenir Min... |
17/10/2007 | Sets New Record For Quarterly Silver Production, Up Sharply... |
25/09/2007 | Update of Exploration and Acquisition Programs in Mexico |
17/09/2007 | Review of Operations and Revised 2007 Forecast |
31/08/2007 | Reports Update on Cash Position and Short Term Investments |
15/08/2007 | Reports Higher Quarterly Sales Revenues, Silver Production, ... |
10/08/2007 | Silver Supply & Demand |
01/08/2007 | Reports Higher Silver Production In Q2, 2007, Up 23% to 430... |
11/07/2007 | Raises 2007 Production Forecast to 2.8 million Oz Silver; Bo... |
20/06/2007 | Shareholders Re-Elect Board, Appoint New Director |
17/05/2007 | Brien Lundin's Latest Review and Recommendation |
15/05/2007 | Reports Record Quarterly Sales Revenues, Mine Operating Cash... |
27/01/2007 | Lists on the American Stock Exchange Trading Symbol "EXK" |
13/01/2006 | Silver Gold Newsletter |
16/10/2005 | Update from Goldletter International |
Publication de commentaires terminée |
|
|