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Endeavour Mining Corp.
Summary
| Project: | Hounde | |
|---|---|---|
| Deposit: | Kari Pump | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 6/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 24-6-2019: Endeavour Mining Corp. announces a Resource Estimation report for its Kari Pump deposit at the Hounde project. Initial ore reserve estimate for the Kari Pump deposit. Abidjan, June 24, 2019 – Endeavour Mining (TSX:EDV)(OTCQX:EDVMF) is pleased t | |
| Resources: | (Reserve, Prob.): 7.3Mt @ 3.01g/t Au for 710Koz Au contained at Kari Pump | |
| CP/QP: | [Overall Report]: David Clark (Calsta Pty Ltd.) | |
| ABSTRACT: | Abidjan, June 24, 2019 – Endeavour Mining (TSX:EDV)(OTCQX:EDVMF) is pleased to announce a 41% increase of reserves at its flagship Houndé mine in Burkina Faso as a large portion of the Kari Pump maiden Measured and Indicated (“M&I”) resource was converted to reserves. Sébastien de Montessus, President and CEO of Endeavour Mining, stated: “We are very pleased with the maiden Kari Pump reserve announced today as we enjoyed a very high conversion rate of resources to reserves. Moreover, it demonstrates the value unlocked through exploration as these highquality ounces were discovered at a cost of less than $13.50/oz of reserve and have the potential to be produced at an All-In Sustaining Cost of below $800/oz. We therefore look forward to producing from Kari Pump as it is expected to improve the mine’s production profile due to its higher-grades and attractive ore characteristics. Looking ahead, we are excited to soon publish drill results from the ongoing 2019 Houndé exploration program, which is mainly focused on the nearby Kari West and Kari Center discoveries where we expect to delineate maiden resources and reserves later this year.” Kari Pump, located only 7km directly west of the processing plant, is one of three discoveries made in the large Kari gold-in-soil anomaly which covers a 6km-long by 2.5km-wide area. In 2017 and 2018, exploration efforts focused mainly on the Kari Pump discovery with over 200,000 meters drilled. This led to the successful delineation of a maiden resource, announced on November 15, 2018. The Kari Pump resource covers an area 1.3km long by 0.8km wide and remains open towards the east, north, northwest and southwest. As such, extension drilling is underway with the goal of delineating additional resources and reserves. The reserve announced today only includes drilling conducted prior to 2019 and is based on the previously published resource. | |
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