Additional Drill Results at San Sebastián
This morning, Daniel Earle released a new reseach report for Endeavour.
The company announced additional exploration drilling results at its San Sebastián project in Jalisco State, Mexico. This mineralized zone reportedly extends over 1,400 m in length and remains wide open along strike and to some extent down dip. The company currently has one drill rig at San Sebastián and is targeting an updated resource estimate at the end of Q4/14E.
In other news, Endeavour also announced that it has now completed the purchase of a 100% interest in the La Bufa property (press release dated August 21); payment consisted of 85,587 common shares, together with a previous advance of US$19,000 plus 5% interest
Daniel Earle rates the company as neutral.
A recent summery of the drilling found, The Terronera vein is reportedly a large structure over 20 m wide that has been traced on surface for more than 2,800 m.
Recent drilling highlights from the Terronera vein include two parallel mineralized zones within the 28 m wide vein in hole TR12-3:
557 g/t Ag and 1.47 g/t Au (646 g/t AgEq) over 11.3 m true width, (including 6,940 g/t Ag and 6.93 g/t Au (7,356 g/t AgEq) over 0.4 m true width1,605 g/t Ag and 2.77 g/t Au (1,772 g/t AgEq) over 8.3 m true width, (including 5,210 g/t Ag and 9.34 g/t Au (5,770 g/t AgEq) over 0.5 m true width,Very exciting to see future projections from this company. |
