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« Silver Wheaton Corporation: Buy this Dip | Main | Silver: The schizophrenic metal »
Tuesday
Feb092010

Endeavour Silver Corporation: On the Acquisition Trail

EXK silver production.JPG


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:

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

Endeavour closed today in NYC at $3.30, up 4.76% on the a day.

All the best.

Got a comment then please add it to this article, all opinions are welcome and appreciated.

For those interested in Options Trading please click here.


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Reader Comments (2)

In the past week or two weeks, it was stated that stock and maybe options were bought in one of the mining companies. I deleted that email by mistake. Could that email be re-send or just simply give the name of the company, the purchase price of the stock and options.

Thank you,

Emtea

February 11, 2010 | Unregistered CommenterEmtea

Emtea,

Options trades move pretty fast and we dont know which one you are referring to, you could back track through these articles using the search facility at the bottom of the page.

At the moment we have options trades open on the following stocks:

Agncio-Eagle
Silver Wheaton
Randgold

unless of course, you are referring to the the Premium service, in which case you will have to ask them I cant make those public, you understand.

February 12, 2010 | Unregistered CommenterSilver Prices

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