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Parral //

Parral is an attractive advanced exploration project, 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.

Parral has abundant, high-grade exploration targets and the potential to grow through exploration, consolidation, and development. Endeavour controls the largest land package in the silver mining district, totally 3,450 hectares and comprised of four distinct mineralized silver vein systems, some of which were past producers. IMMSA mined the Veta Colorada at Parral until 1990 and left behind an estimated 32 million ounce historic silver resource adjacent to their old mines. Additionally, since the district has a long silver mining history, there is extensive local infrastructure including small toll plants, which could facilitate early production.

Since acquiring the property in 2016, three mineralized areas have been explored, of which the largest and central zone now measures 600 metres long by 250 metres vertical by 1-3 metres true thickness, open to the south and at depth. Management views Parral as key asset in our growth pipeline, and it was our was our second largest exploration spend in 2018, after Terronera. The 2018 exploration program was very successful at extending historic and new resource areas and expanded resources to 35 million oz Ag & 110,000 oz Au or 44.4 million oz Ag Eq (using a 80:1 gold:silver ratio). Additionally, metallurgical testing of drill core samples from the Veta Colorada (Sierra Plata, El Verde and Remedios Argentina zones), Palmilla and Cometa veins indicated excellent metal recoveries by flotation and leaching.

Following on the success of the 2018 program, the Company plans to complete a preliminary economic assessment and initiate mine permitting, as well as our largest exploration program in 2019.

Parral 2018 Results

5. For full details, refer to the complete Reserves and Resources table provided on our website.