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Endeavour Mining Corp.
Summary
| Project: | Hounde | |
|---|---|---|
| Deposit: | Kari Pump | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 11/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 15-11-2018: Endeavour Mining Corp. announces a Resource Estimation report for its Kari Pump deposit at the Hounde project. Initial mineral resource estimate for Kari Pump deposit. Abidjan, November 15, 2018 – Endeavour Mining (TSX:EDV)(OTCQX:EDVMF) is ple | |
| Resources: | (Resource, M+I): 48.7Mt @ 2.20g/t Au for 3.446Moz Au contained at Hounde mine | |
| CP/QP: | [Resources]: Kevin Harris (Internal) | |
| ABSTRACT: | Abidjan, November 15, 2018 – Endeavour Mining (TSX:EDV)(OTCQX:EDVMF) is pleased to announce a significant maiden resource estimate for the previously announced Kari Pump discovery at its flagship Houndé mine in Burkina Faso. Kari Pump, located only 7km west of the processing plant, is one of three high-grade discoveries made in the large Kari gold in soil anomaly which covers a 6km-long by 2.5km-wide area. A total of 203,900 meters have been drilled over the past 18 months, covering only 35% of the anomaly, with drill results previously announced on November 13, 2017, and May 24, 2018. Since May 2018, efforts have focused mainly on the Kari Pump discovery, with over 71,000 meters drilled to extend and in-fill its mineralization, which has led to the successful delineation of a maiden resource. In addition, over 20,000 meters were drilled on the Kari Center and Kari West discoveries, for which a maiden resource is expected to be delineated in 2019. The Kari Pump maiden resource estimate has increased Houndé’s Measured and Indicated resources by 40%, as presented in Table 1 below, while adding high-grade material. The Kari Pump maiden resource covers an area 1.3km long by 0.8km wide and remains open towards the east, north, northwest and southwest. Due to the intensive in-fill drill program completed, 98% of maiden resource has been classified to the indicated category. As the mineralization starts at surface, it is amenable to open pit mining. In addition, approximately 45% of the indicated resource is located within the oxide and transition zones, compared to most of the Houndé indicated resource located in fresh zones. | |
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