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Thursday, September 2, 2010
Market Summary
| Metals | Price | Change | Percent |
|---|---|---|---|
| Silver | 19.61 | 1.64 | 8.37% |
| Gold | 1251.45 | 113.49 | 9.07% |
| Platinum | 1544 | -3.00 | -0.19% |
| Indices | Price | Change | Percent |
|---|---|---|---|
| TSX | 12084.17 | +80.39 | 0.67% |
| TSXV | 1527.09 | +9.46 | 0.62% |
| DOW | 10290.66 | +21.19 | 0.21% |
| NASDAQ | 2192.03 | +15.19 | 0.69% |
| NYSE | 6943.02 | +32.04 | 0.46% |
SNS Precious Metals
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Endeavour Silver Identifies Three New Silver Veins, Acquires Three New Mining Properties in Guanacevi Silver District, Durango State, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2010) - Endeavour Silver Corp. (TSX:EDR - News; NYSE Amex:EXK)(DBFrankfurt:EJD) announces that it has identified three new silver veins and acquired three new mining properties (click here to see maps) in the San Pedro area of the Guanacevi silver district in Durango State, Mexico.
Endeavour currently owns and operates two high-grade, underground, silver-gold mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanajuato State. The Guanacevi Mines produced 622,385 oz silver and 1,602 oz gold (726,515 oz silver equivalents, based on a 65:1 silver:gold ratio) in the 2nd Quarter, 2010, up 40% from Q2, 2009.
The newly identified, north-northeast trending La Blanca and Mi Nina veins are located in the south-western part of the San Pedro area about 2 kilometres northwest of the Porvenir Cuatro mine that Endeavour is now developing at Guanacevi. These veins appear are parallel to and 1 kilometre south of the old El Soto, Desengano and Epsilon mines which produced high grade silver-gold ores historically.
