Image credits: Endeavour Silver
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News Article

Greater Potential for Bolañitos Mine

By Paloma Duran | Fri, 05/21/2021 - 15:17

Endeavour Silver announced the results of its 2021 exploration drill program, which intersected high-grade gold silver mineralization at its Bolañitos mine in Guanajuato. The company reported that due to its positive results 2021 will be a better year for Endeavour and its Mexican assets.

The company acquired its Bolanitos mine in 2007 and is considered the second largest history silver mining district in Mexico. The company is currently producing at Bolañitos from four orebodies: Plateros, Lucero, San Miguel and Melladito. Meanwhile, its exploration drilling is mainly concentrated in the Melladito and Belen veins.

The company´s drill program reported “8.09 gpt  gold and 1,044 gpt silver for 1,611 gpt silver equivalent over a 1m true width in drill hole BN-64 on the Melladito HW vein and 4.43 gpt gold and 148 gpt silver for 458 gpt AgEq over a 2.34 m true width in drill hole BL1.5S-4 on the Belen HW vein.”

Luis Castro, Vice President of Exploration, said the company expects to continue to have strong drilling results as it continues to go beyond the current margins of the Melladito and Belen fields, as well as finding new targets to drill along its veins.

Endeavour explained that even though 2020 was a year of uncertainty due to the global pandemic, the situation allowed it to better establish its values and direction, including its sustainable goals and practices. During the Mexico Mining Forum 2021, Bradford Cooke, CEO of Endeavour Silver, said that the company is highly committed to ESG practices and has redoubled its efforts to have a greater impact on the host communities in which it operates.

The company recently released its 2020 sustainability report, which shows the green initiatives it has implemented aimed to  improve its sustainable goals. The company said its mining operations have evolved to drive better change for all of its stakeholders and, more importantly, there has been a major change as they have eliminated arbitrary targets to create better targets together with key stakeholders.

Endeavour said that thanks to the strength of its business plan and market conditions, 2021 is expected to be a better year. This outlook was confirmed with its 1Q21 results, showing that the company was able to meet its production plans, despite the slowdown caused by weathe

The data used in this article was sourced from:  
MBN, Endeavour Silver
Photo by:   Endeavour Silver
Paloma Duran Paloma Duran Junior Journalist and Industry Analyst