Endeavour Silver Continues to Extend High Grade Silver-Gold Mineralization in the Daniela Vein at the Bolanitos Mine in Mexico; Drilling Intersects 1,040 gpt Silver and 1.9 gpt Gold Over 0.4 Meter Width
Drill results are as follows:
|Hole||Vein||From||True Width||Ag||Au||Ag Eq.|
Bradford Cooke, CEO and Director, commented, "Exploration drilling of the Daniela vein near the Bolanitos mine continues to extend the high grade silver-gold mineralization to the north. Daniela was discovered near the Lucero vein in late 2010 but the drill results since then have shown it to be our best new discovery yet. An updated resource estimate will be prepared at year-end and the Daniela vein is already in development as part of the 2012 mine plan for the Lucero-Karina-Fernanda-Daniela area."
Barry Devlin, M.Sc., P.Geo. Vice President, Exploration is the Qualified Person who reviewed and approved this news release and supervised the drilling programs on the Bolanitos Mine properties. A Quality Control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All samples were split at the Guanajuato 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 and other elements are determined by AA.
ENDEAVOUR SILVER CORP.
/s/ "Bradford J. Cooke"
Chief Executive Officer
September 24, 2012 (Source: Endeavour Silver Corp.)
Disclosure: Endeavour Silver is a past Vulture Bargain Candidate of Interest (VBCI). Members of the GGR team hold long positions in EDR.T .