07:20 AM EDT, 10/24/2017 (MT Newswires) -- Endeavour Silver Corp. (EXK, EDR.TO) said Tuesday that exploration drilling on the Parral property in Chihuahua State, Mexico has verified high grade silver mineralization within the Argentina-Remedios area of the Veta Colorada, which was drilled but never mined by a previous owner, IMMSA.

According to a statement, 21 drill holes totaling 6,928 metres (m) of core were drilled to test the portion of the historic resource located within the Argentina-Remedios area of the Veta Colorada. The drill holes were spaced at approximately 100 m centres over an area 400 m long by 400 m deep.

Drilling highlights include 457 gpt silver over a 9.3 m true width (13.3 opT Ag over 30.5 feet (ft)) in hole CV26.5-1. Another high grade intercept assayed 4,641 gpt silver over a 2.3 m true width (135.3 opT Ag over 7.5 ft) in hole CV27-2.

Luis Castro, Vice President, Exploration for Endeavour Silver, said, "These encouraging drill results help to verify the portion of the historic resource within the Argentina-Remedios area of the Veta Colorada. A new resource estimate will be prepared at year-end for release in the 1st quarter of 2018.

"Drilling is ongoing at other areas of the Parral property such as Palmilla and San Patricio, where there was a history of high grade mining but very little drilling and no previous resources, to test for new silver resources. We plan to release additional drill results during the 4th quarter of 2017."

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