SILVER-GOLD: Endeavour updates 43-101 and PFS for Terronera project

[caption id="attachment_1003717888" align="alignright" width="300"] Drilling at Endeavour Silver’s Terronera project in Jalisco, Mexico.[/caption] MEXICO – Vancouver-based Endeavour Silver Corp. has released an updated 43-101 report and positive preliminary feasib ility study for its Terronera silver-gold project 40 km northeast of Puerto Vallarta, in Jalisco. The main mineralized zone includes a shallow, steeply dipping, thick, high grade part of the Terronera vein. Resources and reserves are significantly larger than they were when the preliminary economic assessment was completed. The indicated resource is now 3.96 million tonnes grading 332 g/t silver and 2.18 g/t gold (385 g/t silver equivalent) and containing 29.53 million oz. of silver and 277,000 oz. of gold. The inferred portion totals 720,000 tonnes at 309 g/t silver and 1.48 g/t gold (413 g/t silver equivalent) and containing 7.15 million oz. of silver and 34,000 oz. of gold. The probable reserve contains 4.06 million tonnes at 207 g/t silver and 1.95 g/t gold (344 g/t silver equivalent) and containing 27.03 million oz, of silver and 255,000 oz. of gold. Endeavour selected $18/oz. (all U.S. dollars) of silver and $1,260/oz. of gold for the base case scenario. Under those parameters the project has a net present value of $78.1 million, and internal rate of return of 21%, and a payback period of 4.3 years. The initial capital expenditures will be $69.2 million including $43.1 million for the plant and site infrastructure, $8.7 for mine development and equipment, $9.4 million for owners costs, construction camp and engineering, procurement and construction management. Contingencies are estimated at $8.0 million. The investment will build a operation at 1,000 t/d for the first two years and double to 2,000 t/d in the third year. A seven-year mine life is planned. Endeavour plans to make a production decision based on the information provided by the PFS rather than conduct a full feasibility study. Technical reports for the Terronera project are available at www.EDRsilver.com.