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Endeavour Mining Corp.
Summary
| Project: | Karma | |
|---|---|---|
| Deposit: | North Kao | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 2/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-2-2017: Endeavour Mining Corp. announces a Resource Estimation report for its North Kao deposit at the Karma project. Updated resource and Initial reserve for deposit + new drill results incl. 4.7m @ 22g/t Au. Endeavour Mining Corporation (TSX:EDV)(OTC | |
| Resources: | (Reserve, Prob.): 7.1Mt @ 1.16g/t Au for 262koz Au contained at North Kao | |
| CP/QP: | [Resources]: Kevin Harris (Internal) | |
| ABSTRACT: | Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) is pleased to announce that the infill drill program at its North Kao deposit, located at its Karma Gold Mine in Burkina Faso, has confirmed the continuity of the previous inferred resource, resulting in a maiden indicated resource of 314,000 ounces amenable to heap leaching and a subsequent conversion of 262,000 ounces to reserves. Sébastien de Montessus, President & CEO, stated: “When we acquired Karma last year we were confident in its exploration potential and our ability to quickly extend its mine life. Following the conversion of resources at North Kao to reserves, Karma now meets our strategic portfolio criteria of having a minimum life of 10 years and ability to produce at an AISC below $850/oz. Looking ahead, our 2017 program will focus on the Rambo West and Yabonsgo near-mill targets, which we believe could further improve the mine’s outlook.” The North Kao deposit is located within 10 kilometers of the current processing plant. Its main mineralized zone stretches over 1.4 kilometers along strike and remains open to the north. The evolution of its reserves and resources amenable to heap leaching (comprised of oxide and transition material), is summarized in the table below. | |
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