Huge silver-gold discovery: Endeavour Silver hits high-grade jackpot at Bolañitos

Endeavour Silver Corporation has unveiled promising new drilling results from its Bolañitos Mine in Guanajuato, Mexico, reinforcing the site’s potential for continued resource expansion. The latest phase of exploration at the La Luz vein has successfully intersected high-grade silver-gold mineralization, strengthening the company’s ability to replace reserves and extend the mine’s operational life. These findings come as part of a broader effort to optimize production and maintain Endeavour Silver’s position as a mid-tier precious metals producer.

The drilling program, which began in late 2024, focused on an area extending northward from the San Bernabé Adit and San Rafael Shaft, located approximately 500 metres from the previously exploited Asunción zone. The results indicate consistent mineralization at significant depths, confirming the geological continuity of high-grade ore zones. With silver and gold markets facing ongoing fluctuations, the company’s ability to identify new high-grade silver-gold zones at Bolañitos may provide long-term economic benefits.

What do the latest drill results reveal about high-grade silver-gold mineralization?

Recent drilling at the La Luz vein has yielded multiple intercepts of high-grade silver-gold mineralization, underscoring the area’s resource potential. Among the most notable results, one drill hole recorded 2.43 grams per tonne (gpt) gold and 1,063 gpt silver, equivalent to 1,258 gpt silver equivalent over a 1.62-metre estimated true width. Within the same interval, a particularly high-grade section contained 9.61 gpt gold and 4,070 gpt silver, translating to 4,839 gpt silver equivalent over just 0.34 metres.

Another significant result showed 1.17 gpt gold and 449 gpt silver, equating to 542 gpt silver equivalent over a 1.02-metre width. These high-grade silver-gold intercepts confirm that mineralization remains open both to the south and at depth, supporting Endeavour Silver’s goal of expanding its resource base through further exploration.

Endeavour Silver has so far completed eight drill holes totaling 2,000 metres, with ongoing work planned for the first half of 2025. The company’s geological team is now assessing the potential for additional high-grade silver-gold discoveries beyond the current drill-tested area.

Why is high-grade silver-gold discovery at Bolañitos important for Endeavour Silver?

The ongoing success of Endeavour Silver’s drilling campaigns is integral to the company’s operational strategy. Bolañitos Mine has been a key asset in its portfolio for more than 17 years, and consistent exploration success has played a vital role in sustaining production levels. By identifying new high-grade silver-gold zones, the company can continue to replace reserves and extend the mine’s lifespan, ensuring long-term production stability.

Chief Executive Officer Dan Dickson emphasized that efficient and cost-effective exploration remains a priority. He highlighted that these results reaffirm Endeavour Silver’s commitment to maximizing the potential of its existing operations. Given that Bolañitos is one of the company’s primary producing assets, continued exploration and resource expansion will likely contribute to Endeavour Silver’s broader strategy of becoming a premier senior silver producer.

Beyond its impact on the company’s resource base, the discovery of high-grade silver-gold at Bolañitos has significant implications for the regional mining sector. Guanajuato has long been recognized as one of Mexico’s most prolific silver-producing districts, and ongoing exploration success by Endeavour Silver underscores the area’s geological potential.

What is Endeavour Silver’s long-term strategy for silver-gold production?

In addition to its work at Bolañitos Mine, Endeavour Silver is advancing several other projects across Mexico, Chile, and the United States. The company remains focused on expanding its silver-gold portfolio while adhering to sustainable mining practices. The development of the Terronera Project in Jalisco state is a key part of its long-term growth strategy, positioning Endeavour Silver to increase production capacity in the coming years.

With silver prices subject to volatility, resource expansion efforts such as those at Bolañitos provide a crucial foundation for operational resilience. The company’s exploration-driven approach allows it to adapt to market fluctuations while maintaining a stable production pipeline. Analysts will be watching closely to see how the latest discoveries at Bolañitos influence Endeavour Silver’s future production profile.

As drilling continues at La Luz, additional high-grade silver-gold discoveries could further strengthen the mine’s economic potential. Endeavour Silver’s ability to efficiently convert exploration success into long-term production growth will be key to its competitive positioning within the precious metals sector.