Endeavour Silver's Pitarrilla Project: A Promising Addition to the Portfolio
Wednesday, Nov 13, 2024 7:00 am ET
1min read Endeavour Silver Corp. recently provided an update on its Pitarrilla project, highlighting the significant potential of this large, high-grade silver deposit. The project, acquired in 2022, is expected to contribute to Endeavour Silver's production and financial performance, further strengthening the company's position in the silver mining industry.
The Pitarrilla project boasts an impressive mineral resource estimate, with 158.6 million tonnes containing 491.6 million ounces of silver (Ag) grading 96.4 g/t, 1.1 billion pounds of lead (Pb) grading 0.31%, and 2.6 billion pounds of zinc (Zn) grading 0.74%, for a total of 693.9 million ounces of silver equivalent (AgEq) grading 136 g/t. The project's high-grade structures and manto, along with its potential for underground bulk mining, make it an attractive addition to Endeavour Silver's portfolio.
Endeavour Silver is taking a strategic approach to advancing the Pitarrilla project. The company has retained experienced engineering firms to perform technical studies and metallurgical testing, which will form the basis for a future economic study by the end of 2025. The work will include mine design, rock mechanics evaluation, backfill testing and design, hydrology investigations, and tailing storage facility design. This comprehensive approach will help Endeavour Silver advance the project to the development stage.
The Pitarrilla project's potential impact on Endeavour Silver's production and financial performance is significant. The project's large-scale, high-grade mineralization and attractive economics position it as a potential cornerstone asset for the company. As Endeavour Silver continues to advance the Pitarrilla project, investors can expect the company to build on its strong foundation and solidify its competitive position in the silver mining industry.
In conclusion, Endeavour Silver's Pitarrilla project update highlights the company's strategic focus on expanding its resource base and enhancing its long-term growth prospects. By acquiring the Pitarrilla project, Endeavour gains access to a large, high-grade silver deposit with significant exploration upside. The project's potential to host an underground bulk mining scenario further strengthens Endeavour's position in the silver mining industry. As Endeavour Silver continues to advance the Pitarrilla project, investors can expect the company to build on its strong foundation and solidify its competitive position in the silver mining industry.
The Pitarrilla project boasts an impressive mineral resource estimate, with 158.6 million tonnes containing 491.6 million ounces of silver (Ag) grading 96.4 g/t, 1.1 billion pounds of lead (Pb) grading 0.31%, and 2.6 billion pounds of zinc (Zn) grading 0.74%, for a total of 693.9 million ounces of silver equivalent (AgEq) grading 136 g/t. The project's high-grade structures and manto, along with its potential for underground bulk mining, make it an attractive addition to Endeavour Silver's portfolio.
Endeavour Silver is taking a strategic approach to advancing the Pitarrilla project. The company has retained experienced engineering firms to perform technical studies and metallurgical testing, which will form the basis for a future economic study by the end of 2025. The work will include mine design, rock mechanics evaluation, backfill testing and design, hydrology investigations, and tailing storage facility design. This comprehensive approach will help Endeavour Silver advance the project to the development stage.
The Pitarrilla project's potential impact on Endeavour Silver's production and financial performance is significant. The project's large-scale, high-grade mineralization and attractive economics position it as a potential cornerstone asset for the company. As Endeavour Silver continues to advance the Pitarrilla project, investors can expect the company to build on its strong foundation and solidify its competitive position in the silver mining industry.
In conclusion, Endeavour Silver's Pitarrilla project update highlights the company's strategic focus on expanding its resource base and enhancing its long-term growth prospects. By acquiring the Pitarrilla project, Endeavour gains access to a large, high-grade silver deposit with significant exploration upside. The project's potential to host an underground bulk mining scenario further strengthens Endeavour's position in the silver mining industry. As Endeavour Silver continues to advance the Pitarrilla project, investors can expect the company to build on its strong foundation and solidify its competitive position in the silver mining industry.
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