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o c t o b e r / n o v e m b e r 2 0 1 6 www.resourceworld.com 15 mExiCO ENdEAvOuR SILvER CORP. Endeavour Silver Corp. [EDR-TSX; EXK-NYSE] owns three high-grade, under- ground, silver-gold mines in Mexico: the Guanaceví Mine in Durango State and the Bolañitos and El Cubo mines, both in Guanajuato State, plus two development and three exploration projects. The company reported that silver pro- duction in the Q2, 2016 was 1,551,851 ounces and gold production was 15,649 ounces for silver equivalent production of 2.6 million ounces using a 70:1 silver gold ratio. Total proven and probable reserves at the three mines are 2,111,100 tonnes grading 177 g/t silver and 1.63 g/t gold for a silver equivalent grade of 291 g/t, containing 11,990,400 ounces of silver and 110,770 ounces of gold for total sil- ver equivalent ounces of 19,744,500. Measured and indicated silver equivalent ounces total 4,051,900. Endeavour CEO, Bradford Cooke, said, "Having successfully minimized our All-In Sustaining Costs and boosted our free cash flows in recent quarters, management returned its attention to optimizing near- term production and long-term growth in Q2 2016. Our production is well ahead of plan for the year and as a result, we revised our operating plan and raised our produc- tion guidance by about 13% for 2016." GOLd RESOuRCE CORP. Gold Resource Corp.'s [GORO-NYSE] 100%-owned underground Arista Mine is located at their El Aguila Project in the southern state of Oaxaca. The company reported preliminary production results for the Q2 2016 of approximately 10,011 ounces gold, 572,500 ounces silver and significant base metals. The polymetallic Arista deposit is comprised of the Arista and Switchback vein systems, both containing high-grade gold and silver as well as copper, lead and zinc. The company is targeting the exten- sions of this deposit and is exploring for additional deposits at its Oaxaca Mining Unit to add to its production profile. In August, Gold Resource announced additional drill results from the Switchback targets at its Arista Mine stating that, "The high-grade polymetallic Switchback vein system expands the currently producing Arista Mine mineralization." The company is developing a second ramp to access Switchback and targets during Q4 2016, depending on drift pro- gression, rock competency, potential water courses and CO 2 gas that may be encoun- tered during development. Barry Devlin, VP Exploration, stated, "We expect to resume drilling the exten- sions of this expanding deposit in the coming months, with a goal of adding additional mineral along strike and depth." SILvERCREST METALS INC. SilverCrest Metals Inc. [SIL-TSXV] is focused on acquiring, exploring and developing projects in Mexico's historic precious metal districts. The company was formed following the acquisition of SilverCrest Mines Inc. by First Majestic Silver Corp. in October, 2015. This year, the company's plans to access and evaluate most of the historic workings at Las Chispas northeast of Hermosillo, Sonora. Initial rehabilitation is estimated to take several months and will consist of, "cleaning and securing all underground areas, removing historic backfill and stockpiling for possible future processing, building a ladder system to access multiple levels, detailed mapping and sampling of accessed workings, and implementation of overall safety protocols." Dunham Craig, P.Geo., Interim CEO, said, "The remaining drill hole results from the Phase I drill program intercepted the Las Chispas vein which has further demonstrated continuity of high grades and potential mineable thicknesses. Phase II exploration work will continue to define the Las Chispas vein for resource estima- tion expected in H1 2017." A Phase I highlight was 1.0 metre grading 706.0 g/t silver and 1.55 g/t gold, or 822.2 g/t silver equivalent. SilverCrest also has the nearby prospective Huasabas property. n