Porvenir Mine Entrance

In a recent update on Endeavour Silver Corporation (EXK) we wrote about what a good website they have in terms of background reading which is yours for free along with data regarding their own operations.

Today they have updated their documentation which includes the following good reads:

Silver: The Facts and History

Click here to read this article in full.

and

Silver Fundamentals

Click here to read this article in full.

If you are knew to investing in silver or need to refresh yourself as to why you should be investing in this tiny sector of the market then please read both of the above mentioned articles, they are well worth it in our humble opinion.

For disclosure purposes we do own this stock.

Now, just a quick update on their progress:

In their latest news release they continue to make very good progress as the following suggests:

Endeavour Silver Drills New High Grade Silver-Gold Discovery on Recently Acquired Porvenir Cuatro Property in Guanacevi District, Durango, Mexico, as follows:

Drilling highlights include 713 grams per tonne silver and 3.85 gpt gold over a 5.67 meter true width (30.4 oz per ton silver equivalents over 18.6 feet) in hole PC50-2, including 3,250 gpt silver and 39.7 gpt gold over 0.31 m true width (181.1 opt silver equivalents over 1.0 ft) assuming a 60:1 silver:gold ratio based on current silver/gold prices - base metals are not included as silver-equivalents).

Click here to read this news release in full.

In our last update on Endeavour we wrote the following:

For now you can still acquire this silver producer for under $2.00 so we urge you to give it some consideration before the much anticipated fall rally commences. which has started with a bang!

Today Endeavour closed at $2.39 and we now doubt if it will ever trade under two bucks again, if you did bag a few shares then give yourself a pat on the back, well done. If not, look to buy on dips in the near future.

Endeavour Silver Corporation trades on three stock exchanges as follows:
(TSX: EDR) (NYSE-AMEX: EXK) (DB-Frankfurt: EJD)

Have a sparkling weekend.

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