Endeavour Mining drills 6.2 m of 43.39 g/t Au at Hounde
ENDEAVOUR MINING Corp. has provided an update of its continuing exploration campaign at both its Hounde and Karma mines in Burkina Faso, ahead of its investor day
and site visits.
At the Hounde mine, following two years of inactivity, exploration resumed in early 2017 and has confirmed the presence of significant potential with a high-grade discovery in the eastern part of the six-kilometre-long Kari geochemical anomaly, while high-grade mineralization was also intercepted on several other targets.
At the Karma mine, drilling has confirmed mineralization at the Yabongso target and has discovered a parallel oxide structure east of the North Kao deposit, both of which are expected to be delineated into resources in first quarter 2018 and add further potential to extend its mine life.
Sebastien de Montessus, president and chief executive officer, stated: “Last year, we highlighted the group’s exploration potential as being a key source of long-term value creation for our shareholders, and we launched a reinvigorated exploration program with five-year discovery targets. Over the past year, we have already enjoyed significant success at our Ivorian Ity mine, which was a key priority ahead of launching its CIL project. We are now pleased to share the results of our 2017 Burkina Faso exploration program as it provides further confidence in the discovery targets set last year and our ability to extend and enhance our mine lives.
“Over the past two years, we have made significant investments to increase our presence in Burkina Faso as we believe it is an exciting underexplored mining jurisdiction, where we have demonstrated our ability to efficiently build and operate mines. As one of the largest producers in the country, we now look forward to continuing to expand our footprint by leveraging our greenfield exploration potential.”
Hounde exploration update The Kari/Kari Pump gold-in-soil geochemical anomaly is the largest target and covers an area six km long by 2.5 km wide. The drilled Kari Pump area and some selected assay results from drill holes overlie the chargeability anomaly.
True width (uncapped):
• RC-17-002: six m of 43.39 g/t Au;
• AC-17-280: 12 m of 8.75 g/t;
• Au RC-17-006: nine m of 4.81 g/t Au;
• AC-17-279: 10 m of 3.13 g/t Au;
• AC-17-278: eight m of 3.02 g/t Au.
Other Hounde targets tested
In ad di tion t o the Kari Pump exploration efforts, a short drilling campaign was also carried out on the high-grade Sia/Sianikoui and Bombi targets to calibrate the geology and test different gold-in-soil and/or geophysics anomalies, in addition to infill/extension drilling on the Bouere deposit.
The selected best intercepts obtained to date from the Sia/Sianikoui targets include (apparent thickness):
• H-17-030: 4.5 m of 4.31 g/t Au (Vein No. 1);
• H-17-031: 2.9 m of 8.05 g/t Au (Sia zone);
• H-17-034: 3.0 m of 4.87 g/t Au (Sia zone).
The selected best intercepts obtained to date from the Bombi target include (true width):
• AC-17-595: 2.9 m of 4.78 g/t Au;
• AC-17-596: 2.9 m of 3.00 g/t Au.
Hounde exploration next steps:
• An exploration campaign on the Kari Pump target (which represents 25 per cent of the Kari area) will begin in early 2018 to test the continuity of the mineralized corridors and its extensions along strike and at depth. In addition, infill drilling will be conducted with the aim of desalinating an indicated maiden mineral resource in second half 2018.
• An exploration program on the remaining 75-per-cent area of the large Kari gold in soil is also planned to be conducted in first half 2018, at a 200-metre-by-50-metre AC drill spacing, to test the mineralization.
• A follow-up RC drilling campaign at Sianikoui will be completed by year-end, with follow-up drilling planned in 2018. Karma exploration update Drilling confirmed a 600-metre-long mineralized area at Yabonsgo, with selected best intercepts, including 8.1 m at 15.8 g/t Au, 6.3 m at 11.0 g/t Au and 9.9 m at 6.67 g/t Au, related to a system of stacked flat-dipping quartz veins centred on a porphyritic granodiorite intrusive.
At North Kao, a new parallel mineralized structure has been discovered to the east of the known zones within the quartz monzodioritic intrusion, with selected best intercepts, including 33.2 m at 4.13 g/t Au and 22.8 m at 4.18 g/t Au.
An updated North Kao resource estimate is expected in first quarrter 2018, and a short follow-up drilling program is being contemplated to better define and further ex-
tend the oxide resource.
We seek Safe Harbor.
Erika Flores condensed this news release (firstname.lastname@example.org).
James Edward Askew, Michael Ernest Beckett, Ian D Cockerill, Olivier Colom, Sebastien Bernard de Montessus de Ballore, Livia Mahler, Wayne W McManus, Naguib Onsi Sawiris
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