beastinem- They never fail to deliver as promised. One piece of the puzzle still missing though, they have to tap into a good source of supply to feed the El Cubo plant. When that's completed. they can expand the Bolanitos plant to two thousand tons per day or more to keep up with the mine capability .instead of transporting 350 tpd to the new El Cubo plant. When this is accomplished it will significantly reduce costs at El Cubo and further reduce costs at Bolanitos. I remain confident that this will occur within the near future.
Management knows what has to be done in this climate and I remain confident that they will deliver as promised. Why? Because they always have.
I haven't been posting of late because the company hasn't released much info recently. .
Mainman: I still credit all forms of visual mapping for insight, but additional data needed to be applied against methods of accounting with non-IFRS / EBITDA weightings every quarter. Heat mapping was easy as it's ordered and comes with colored pictures for different minerals.
Because El Cubo is low in sulfication it's easy to do surface studies. I had mentioned 38 veins, but Brad has mentioned that 28 will be looked at first. I still see them first using drill and blast - cut and fill, and Brad has mentioned that in the Q1. The one thing that I haven't (yet) seen is any rock barriers other than those to protect buildings from natural slides.
I would like to answer your questions with a yes. I believe that they easily could produce 1600 tpd this year, but I'm waiting for them to move their next chest piece before a timer goes off.
I viewed more updated newer technical mapping of El Cubo on Wednesday morning and I have a question I wish they could answer, not that I had asked it. Did they view the same mapping just before they had bid/bought El Cubo, because what I saw will now make me sleep better - if I ever go to bed.
El Cubo will do very well and when the great San Sabastian -TR gets some respect along with the Guanacevi / Milache Santa Cruz veins, we should be ripe.
A quick type, I'm tired and have some blood clots in a leg.
The primary source of supply sequence is intruded by three main north-west trending silver vein systems that extend between 10km and 25km along strike named La luz, Madre and La Sierra. The vein system branched into 38 veins, all with different kinds or unspecific rock type vein formations. By looking at mapping it can be seem that the hosting ore shoots include Guanajuato Conglomerate for the lower ores and Bufa Rhyolite for the upper ores. Also seen is associated deposits that occur as open-space fillings in fracture zones or as impregnations in regionally porous wall rocks.
A partial view (web site) can be seen behind the primary crusher and conveyor in picture # 30, 37, and 43. Picture # 57 gives a different view. The mine in place and length can be seen in picture # 85 behind the crane.
Endeavour Silver Corp. (EDR.TO) (EXK), announces that the re-commissioning of the newly rebuilt plant at its El Cubo mine in Guanajuato, Mexico was successfully completed on May 31, on time and budget. The El Cubo plant is now operating at the current mine output of 1,100-1,200 tonnes of ore per day (tpd).
More than 600,000 hours of work have been completed to date on the plant and infrastructure capital projects with no lost time accidents, an outstanding accomplishment. The reconstruction of the plant was managed by Smith Foster Associates, Promimet was the main procurement and construction contractor and several smaller contractors also worked on various capital projects. The tailings facility was engineered by AMEC and built by Endeavour personnel working with local contractors. For an updated photo essay of the plant reconstruction program, shareholders are invited to visit the El Cubo page on our recently re-launched website
Work to bring the plant capacity up to 1,550 tpd is well advanced and should be completed by month-end. At that time, management plans to start processing up to 350 tpd of additional ore from the Bolañitos mine located in the same district as El Cubo only 15 kilometres away. Other capital projects such as the refurbishment of the leach and CCD circuits are on track for completion by year-end.