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« Pan American Silver Corporation heading into the Buy Zone | Main | Silver Standard Resources Incorporated: Robert Quartermain Resigns »
Tuesday
Jan262010

Endeavour Silver Corporation 2009 Review and 2010 Outlook

Hugh Clarke.JPG
Hugh Clarke

In their latest news release Endeavour Silver Corporation (EXK) gives a us a detailed review of whats gone and whats coming in 2010 with recent Drilling Intersects 3,960 gpt Silver and 92.8 gpt Gold over 0.25 m. The following highlights are taken from this communique including a short video which will hopefully wet your appetite to read it in full, if so then please click here.



"In 2009, notwithstanding the late May start-up of our drilling programs, Endeavour drilled approximately 18,000 meters (59,000 feet) in 61 drill holes testing 6 exploration targets in order to replace mine reserves and expand silver resources. At Guanacevi, one of our new finds is an exciting new silver-gold mineralized zone in the Santa Cruz vein on the Porvenir Cuatro property about 3 kilometers along strike to the northwest of the operating Porvenir mine. At Guanajuato, another of our new discoveries is a major step-out to the southeast 500 meters along strike from the high grade silver-gold Lucero vein discovered in Q3, 2008. Our ability to go from discovery to production within 6 months at Lucero is a strong validation of our business model."

For those of you who don't have the time for lots of words you may want to view a video with Vice President Hugh Clarke's commentary on the 2009 and 2010 exploration programs click here. Well worth watching.

In 2010, Endeavour plans an aggressive 36,000 meter, 125-hole exploration drill program. The first priorities will be to follow up the new discoveries made near Endeavour's two mining operations at Guanacevi and Guanajuato as highlighted above and to test several new prospective targets within those two districts. Management is confident that the potential to discover and develop new silver-gold resources at both Guanacevi and Guanajuato remains high.

If you don't already own their stock keep an eye on it and buy on dips, Endeavour is appearing on a screen near you as it trades on the following Stock Exchanges:

EXK: NYSE-Amex,
EDR: TSX,
EJD: DB-Frankfurt,
EDR.WT: TSX)

Endeavour closed today in NYC at $3.35, up 1.73% on the a day when silver dropped almost $0.40.

All the best.


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