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Endeavour Mining Corp.
Summary
| Project: | Ity Mine | |
|---|---|---|
| Deposit: | Ity Mine | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 4/28/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-4-2020: Endeavour Mining Corp. announces a Resource Estimation report for its Ity Mine deposit at the Ity Mine project. Updated Mineral Resource Estimate for Project. The Ity deposits are all part of the mining property of Société des Mines d'Ity (“SMI | |
| Resources: | (Reserves, P+P): 61.1Mt @ 1.57g/t Au | |
| CP/QP: | [Resources]: Mark Zammit, Kevin Harris (Cube Consulting Pty Ltd.;Internal) | |
| ABSTRACT: | The Ity deposits are all part of the mining property of Société des Mines d'Ity (“SMI”) and Société des Mines de Daapleu (“SMD”) in Côte d'Ivoire and are centred on 06°52’16” north latitude and 08°06’30” west longitude. Côte d'Ivoire is located in West Africa at the extreme west of the Gulf of Guinea and is bordered by Ghana in the east, Mali and Burkina Faso in the north and Guinea and Liberia in the west. The Ity gold deposits are located in western Côte d'Ivoire, 480km from the economic capital of Abidjan, near the border with Liberia and Guinea The Ity mineral rights comprise of two mining licenses – exploitation permit PE26 (“SMI License”) and exploitation permit PE49 (“SMD License”). The SMI License is held by SMI and the SMD License is held by SMD. Endeavour, indirectly through its subsidiaries, Ity Holdings (formerly, Endeavour Cayman CIV) and Keyman Investment, holds an 85% stake in SMI and SMD. The remaining interest in SMI and SMD is held as follows - 5% by SODEMI, the Stateowned mining company, and 10% by the State of Côte d'Ivoire. Pursuant to its mining convention with the State, Endeavour is to pay the State of Côte d'Ivoire a 3% to 6% royalty, on a sliding scale based on prevailing gold prices. Endeavour holds a 100% interest in the Le Plaque area at Ity | |
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