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Endeavour Mining Corp.
Summary
| Project: | Ity Mine | |
|---|---|---|
| Deposit: | Ity Mine | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 7/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-7-2017: Endeavour Mining Corp. announces a Resource Estimation report for its Ity Mine deposit at the Ity Mine project. Endeavour increases Ity Mines mineral resource by 65%. Abidjan, July 27, 2017 - Endeavour Mining (TSX:EDV)(OTCQX:EDVMF) is pleased t | |
| Resources: | (Resource, Total): 3.8Moz Au contained at Ity Mine | |
| CP/QP: | [Resources]: Gerard de Hert (Internal) | |
| ABSTRACT: | Abidjan, July 27, 2017 - Endeavour Mining (TSX:EDV)(OTCQX:EDVMF) is pleased to announce that its exploration program at its Ity CIL Project, in Cote d'Ivoire, has increased the Indicated Resource by 1.0 million ounces since the beginning of the year, to reach 3.8 million ounces. As illustrated in Table 1, this marks a 1.5 million ounce increase in the Indicated Resource base since the publication of the November 2016 Feasibility Study ("FS"), representing a 65% increase. An updated reserve estimate is expected to be published in September as part of an Optimization Study ("OS") which is expected to be based on a circa 4.0Mtpa gravity circuit/Carbon-In-Leach ("CIL") plant, an increase from the previously contemplated 3.0Mtpa plant, to better capture the value created from recent exploration success. Patrick Bouisset, Executive Vice-President Exploration and Growth at Endeavour, said: "Our exploration team has done exceptional work over the past months which has led to a significant increase in the resource base at Ity ahead of the Optimization Study. These results and the numerous other identified targets, on which initial drilling reconnaissance is currently being conducted, further demonstrate the prospective nature of the greater Ity area and our confidence in delivering against our 5-year exploration strategy disclosed last November. We believe that the 80km Ity corridor which we control is among the most prospective areas in West Africa and we look forward to building on our exploration success." | |
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