Endeavour Silver Corporation (EXK) announces that it has acquired an option to purchase the San Sebastián silver-gold properties in Jalisco State, Mexico from IMMSA (Grupo Mexico), one of the largest mining companies in Mexico.
San Sebastián del Oeste is an historic silver and gold mining district located in south-western Jalisco State, approximately 155 kilometres (km) southwest of Guadalajara and 40 km northeast of Puerto Vallarta, accessible by paved and gravel roads. One small, high grade, underground silver-gold mine, Santa Quiteria (75 tonnes per day), continues to operate in the district. The San Sebastián properties being acquired by Endeavour surround the Santa Quiteria mine and represent a new, district-scale, silver-gold exploration opportunity for the Company.
The San Sebastián properties (3,320 hectares) cover a classic, low sulfidation, epithermal vein system in four mineralized vein sub-districts named Los Reyes, Santiago de los Pinos, San Sebastián del Oeste and Real de Oxtotipan. Each sub-district consists of a cluster of quartz (calcite, barite) veins mineralized with sulfide minerals (pyrite, argentite, galena, and sphalerite). Each vein cluster spans about a 3 km by 3 km in area. In total, more than 50 small mines were developed historically within at least 20 separate veins.
As we can see from the news flow Endeavour are not allowing the grass to grow under their feet as the securing of this option to purchase clearly demonstrates. Find the time to walk through their recent presentation by Brad Cooke its very informative and its time well spent in our humble opinion, please click this link.
If you don’t already own their stock then start accumulating and buy on dips, such as this one. Endeavour is appearing on a silver screen near you as it trades in Canada, United States and Germany on the following Stock Exchanges:
Endeavour closed today in NYC at $3.30, up 4.76% on the a day.
All the best.
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