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« GOLD & SILVER PANIC BUYING, SAVERS, ENTITLEMENTS, BANKS & MORE - Rick Rule | Main | The U.S. Monetary System and Descent into Fascism An Interview with Dr. Edwin Vieira »

Endeavour Silver Corporation: High Grade Silver-Gold Mineralization at the Guanajuato Mine

EXK Logo 16 Mar 2011.JPG

Endeavour Silver Corporation (EXK) have just released a short update regarding their drilling activities at the Guanajuato Mine which bode well for future development and silver production.

Barry Devlin, Vice President Exploration commented as follows:

"Our exploration drilling at Guanajuato continues to delineate high grade, gold-silver mineralization over mineable widths in the Karina-Fernanda-Daniela veins. These new vein discoveries carry higher gold grades, in some cases much higher gold grades, compared to other veins in the district. We currently have two drill rigs working in Guanajuato to continue drilling out the extents of our new finds, and we still have multiple drill targets yet to test this year."

The news relaese went to say that exploration drilling in the Lucero South area of Endeavour's Guanajuato Mines project in Guanajuato State, Mexico continues to intersect high grades over mineable widths in the recently discovered Karina, Fernanda and Daniela veins.

Drilling highlights include 404 grams per tonne (gpt) silver and 6.50 gpt gold over 7.35 meters (m) true width in the Daniela vein (20.3 ounces per ton (opT) silver equivalent based on the a silver: gold ratio of 45:1 over 24.1 feet (ft)) in hole DN-4; and 1,100 gpt silver and 3.37 gpt gold over 1.2 m in the Karina HW vein (36.5 opT silver equivalent over 3.9 ft in hole KA-31.

To see a table of the Drill results please click here.

Endeavour conveyor belt.JPG
Endeavour Silver, Conveyor Belt

Since start-up in 2004, Endeavour has posted six consecutive years of aggressive silver production and resource growth. The organic expansion programs now underway at Endeavour’s two operating silver mines in Mexico look set to yield good results down the line. If you are just feeling your way into the silver space look to acquire quality silver producers, such as this one, on pullbacks, albeit minor, as and when you can.

Endeavour Silver Corporation is traded in Canada, USA and Europe on the following three stock exchanges:



(DB-Frankfurt: EJD)

Endeavour's stock price closed on the NYSE at $8.38 up 2.20% on the day. The company has a market capitalization of $696 million and a healthy volume of shares traded at around two million per day.

For disclosure purposes we do own this stock.

EXK Silver Coins 15 March 2011.JPG

Regarding We currently have a number of trades on the drawing board, the first of which was placed yesterday as our selection criteria has been met. Patience is still the order of the day as it is very important to trade only when the set up is in our favour.

Our model portfolio is up 338.11% since inception

An annualized return of 128.07%

Average return per trade of 40.41%

81 closed trades, 78 closed at a profit

Average trade open for 46.27days

sk chart 22 May 2011.JPG

The above progress chart shows our performance when profits are re-invested, however, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

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SK logo 26 May 2011.JPG

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Reader Comments (1)

We feel comfortable with this company and also own the stock. This article may help bump it up a notch.

June 30, 2011 | Unregistered CommenterJohn Ell

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