Endeavour Mining identifies new targets at mines in Burkina Faso

14 November 2017 (Last Updated November 14th, 2017 12:12)

Endeavour Mining has identified new targets at both its Houndé and Karma gold mines in Burkina Faso.

Endeavour Mining has identified new targets at both its Houndé and Karma gold mines in Burkina Faso.

With respect to the Houndé operation, an initial reconnaissance exploration drilling campaign conducted earlier this year validated its exploration potential.

High-grade mineralisation was identified at the Kari and Sia/Sianikoui targets.

The drilling at the Karma mine has confirmed mineralisation at the Yabongso target.

“We are very pleased with the exploration success achieved at Karma since we acquired the asset in mid-2016.”

Endeavour Mining exploration and growth executive president Patrick Bouisset said: “At Houndé, the high-grade drill results obtained at Kari Pump and at the other targets are very encouraging since they are in line with our objective of discovering and delineating higher-grade deposits, which can complement production from the main Vindaloo deposit and extend its current ten-year reserve mine life at low AISC with a production profile of more than 200koz of gold per annum.”

“We are very pleased with the exploration success achieved at Karma since we acquired the asset in mid-2016. Last year, we successfully extended its mine life from eight to beyond ten years with the addition of North Kao, and the initial results of this year’s campaign continue to be very encouraging as they suggest the possibility for further resource delineation.”

Once mineralisation at the Yabongso target is confirmed, the company intends to drill other selected high-priority targets throughout next year.

The company also discovered an oxide mineralisation on a parallel structure east of the North Kao deposit.

The discoveries are expected to have the potential to extend the life of the Karma mine.

Intercepts identified through the drilling campaign include 43.39g/t Au over 6.2m, 8.75g/t Au over 12.2m and 4.81g/t Au over 9m.

Endeavour is planning to commence an infill and extension drilling campaign at Kari Pump early next year in an effort to extend and better define its mineralisation, with a maiden resource targeted in the second half of next year.