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Elemental Royalties Notes Endeavour Targeting Discovery of Additional 1.5 - 2.0 Million Ounces at Wahgnion
Elemental Royalties Notes Endeavour Targeting Discovery of Additional 1.5 - 2.0 Million O...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"\n \n \n \n Elemental Royalties Notes Endeavour Targeting Discovery of Additional 1.5 - 2.0 Million Ounces at Wahgnion\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 7, 2021\n \n /CNW/ - Elemental Royalties Corp. (\"\n \n Elemental\n \n \" or \"the\n \n Company\n \n \") (TSXV: ELE) (OTCQX: ELEMF) is pleased to note the recent announcement by Endeavour Mining plc (\"\n \n \n Endeavour\n \n \n \") (LSE/TSX: EDV) outlining a five-year exploration and discovery outlook, including a Risked Mean Indicated Resource Discovery Target\n \n 1\n \n of 1.5 to 2.0Moz gold at the Wahgnion Gold Project in\n \n Burkina Faso\n \n . Elemental acquired a 1% NSR royalty covering the entire Wahgnion Gold Project in\n \n January 2020\n \n .\n \n \n \n \n Highlights\n \n \n \n \n \n \n Endeavour\n \n have announced that between 1.5 to 2.0Moz of Indicated Resources are targeted to be discovered at Wahgnion over the next five years in addition to the existing 2.2Moz at 1.51g/t gold of Measured and Indicated Resource. Production at Wahgnion over the period is currently expected to be approximately 775,000 ounces of gold\n \n 2\n \n \n \n The Exploration Target defined by\n \n Endeavour\n \n for Wahgnion is 21 to 39Mt at 1.2 to 3.0g/t gold\n \n \n \n Endeavour\n \n have indicated that an approximate\n \n US$36 million\n \n exploration program over five years to end 2025 will focus on open pit targets located within 10 kilometres of the existing infrastructure, including Nogbele North, Nogbele South, Fourkoura, Hillside and Korindougou, as well as greenfields targets such as Kafina West\n \n \n Development at the Wahgnion mine has been accelerated since commissioning in 2019 to feed the plant which was running at 30% above nameplate capacity, requiring a need to accelerate discovery to meet future mill demands\n \n \n There will be a focus on both the Nogbele North and Nogbele South deposits, where\n \n Endeavour\n \n allocate a high probability of success, targeting the continuation of mineralised structures beneath and be...