The TSX-listed stock of primary silver producer Endeavour Silver rose as much as 7% on Monday after the company released an updated Canadian National Instrument (NI) 43-101-compliant reserve estimate and positive preliminary feasibility study (PFS) for its Terronera silver/gold project, located 40 km northeast of Puerto Vallarta, in Mexico’s Jalisco state.
The Vancouver-based miner reported that the main mineralised zone comprises a shallow, steeply dipping, thick, high grade part of the Terronera vein.
