Parral is an attractive advanced exploration project with near-term resource and production potential, located in Chihuahua state, Mexico, about five km north of the city of Hidalgo de Parral in the historic silver mining district of the same name. IMMSA mined in the Veta Colorada at Parral until 1990 and estimated a 32 million ounce historic silver resource adjacent to their old mines. Between 2006 and 2008, Endeavour drilled 21,090 metres in 67 holes to define 2.9 milliom tonnes of polymetallic resources in the
In September 2016 we acquired the old IMMSA/Parral property in Chihuahua state, which covers 3,450 hectares. Parral has abundant, high-grade exploration targets and the potential to grow through exploration, consolidation, and development. Parral offers positive synergies with our existing silver-gold-lead-zinc resources on the Cometa property in the area, hosted in medium-grade polymetallic epithermal veins.
In 2017 we plan to verify the historic resources and find new resources by drilling 18,000 metres for a budget of $3.0 million. Parral is in the final stages of environmental assessment and permitting, and a PEA will get under way by the end of 2017.