Canadian-based Endeavour Silver has expanded its mining reach
in Zacatecas, Mexico, by acquiring properties in the Calicanto and
Veta Grande regions.
In a June 6 announcement, Endeavour Silver reports it purchased for
$400,000 in U.S. funds the Calicanto property from Arian Silver
Corp. The property covers five known silver-gold-lead-zinc veins
spanning more than 185 acres.
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The Calicanto property is close to Endeavour’s El Compas Mine and
La Plata processing plant.
According to Endeavour, the Calicanto veins were discovered around
1600 and supported small-scale, high-grade production off and on for
350 years. “The mines were historically developed down to
approximately 150 meters depth by seven old shallow shafts, and they
were closed in the mid 1950s,” according to Endeavour officials. “The
upper mine workings are still open but the lower mine workings are now flooded.”
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Endeavour also announced that it had purchased for $500,000 the Veta
Grande properties from IMPACT
Silver Corp. The property covers more than 375 acres over six
known silver-gold-lead-zinc veins plus nearly 35 acres of surface
lands covering the dormant Santa Gabriela 200-tons-per-day processing
plant and tailings facility.
“The properties are located in the vicinity of one of the largest
veins in the Zacatecas district, the Veta Grande vein, and cover the
Nueva Granada splays to the Veta Grande vein and several other
subparallel veins,” according to Endeavour. “The properties saw
historic, small scale, high-grade production as shown by old mine
workings and dumps. Access to the old workings is limited and many are
now flooded, but historic sampling of dumps and trenches returned
values up to 1,070 gpt [grams per ton] silver with significant lead
and zinc values.”
For more information, visit the Endeavour Silver website.