Endeavour Silver Corp. acquired an option to purchase the Lomas Bayas silver-gold property in the Copiapo region of northern Chile for an undisclosed price. 

The acquisition marks the second such recent acquisition in the Copiapo region, following the acquisition of the La Presidenta property one month ago.

Both properties have histories of small scale silver mining and both appear to be prospective for the discovery of bulk tonnage, low grade epithermal silver-gold mineralization in a volcanic caldera setting, the Canada-based company said.

Lomas Bayas represents not only an exciting early-stage opportunity, it is a bulk tonnage, low grade silver-gold prospect that gives Endeavour more critical mass as we build our exploration property portfolio in Chile, said Barry Devlin, vice president exploration.