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Endeavour Mining Corp.
Summary
| Project: | Ity Mine | |
|---|---|---|
| Deposit: | Le Plaque | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 7/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-7-2019: Endeavour Mining Corp. announces a Resource Estimation report for its Le Plaque deposit at the Ity Mine project. Mineral resource update plus new drill results incl. 11.7m @ 106g/t Au. Abidjan, July 8, 2019 – Endeavour Mining (TSX:EDV)(OTCQX:EDV | |
| Resources: | (Resource, M+I): 4.63Mt @ 3.20g/t Au for 476Koz Au contained at Le Plaque | |
| CP/QP: | [Resources]: Kevin Harris (Internal) | |
| ABSTRACT: | Abidjan, July 8, 2019 – Endeavour Mining (TSX:EDV)(OTCQX:EDVMF) is pleased to announce a significant addition in high-grade resources at its previously announced Le Plaque discovery at its flagship Ity mine in Côte d’Ivoire and the definition of seven new targets which boost confidence in delineating further resources. Patrick Bouisset, Executive Vice-President Exploration and Growth, stated: “We are very pleased with the maiden resource at Le Plaque as it confirms the high potential we see at Ity. Our results to date have been outstanding, both in terms of the very high grade nature and mineralization extension. Looking ahead, we are excited by the potential in the Le Plaque area which remains open at depth and in several directions. Before year end, we expect to further increase its resource base and define a maiden reserve. In addition, we are extremely pleased with our ongoing reconnaissance drilling campaign as it has identified seven new targets which leaves us very well positioned to continue delineating further maiden resources in the large northern Floleu license anomalic area. More broadly, the success we have achieved -- notably at Houndé, Ity and Fetekro -- just two and half years since the implementation of our 5-year strategic exploration plan in late 2016, demonstrates that we continue to add value while remaining on track to reach our ambitious discovery cost target of less than $20/oz.” Le Plaque, located only 6km south of the processing plant, is a high-grade discovery made on the northern part of the wholly-owned Floleu exploration license, as shown in Figure 1 below. | |
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