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Endeavour Mining Announces 1Moz High-Grade Indicated Resources on Kari Pump at Houndé'
ENDEAVOUR ANNOUNCES 1MOZ HIGH-GRADE INDICATED RESOURCE ON KARI PUMP AT HOUNDéM&I Resources increase by 40% · Discovery cost of $9/oz · Only 35% of the Kari targ
About this update from Endeavour Mining Plc
[{"type":"text","content":" ENDEAVOUR ANNOUNCES 1MOZ HIGH-GRADE INDICATED RESOURCE ON KARI PUMP AT HOUNDéM&I Resources increase by 40% · Discovery cost of $9/oz · Only 35% of the Kari target was tested View News Release in PDF HIGHLIGHTS: Kari Pump 1Moz maiden Indicated resource increases Houndé's M&I resources by 40% Indicated resource of 11.3Mt at 2.71 g/t Au for 987koz; Inferred resource of 0.2Mt at 2.21g/t Au for 20koz The mineralization covers an area 1.3km long by 0.8km wide and remains open in numerous directions 98% of maiden resource has been classified to the Indicated category Higher Indicated resource grade: 2.71g/t Au for Kari Pump compared to 2.05g/t for the Houndé mine Amenable to open pit mining as mineralization starts at surface ~45% of the Indicated resource is located within the oxide and transition zones, compared to most of the Houndé indicated resource being located in fresh zones Low discovery cost of $9 per Indicated resource ounce Kari Pump represents only 35% of the large Kari gold in soil anomaly Kari Pump is one of three high-grade discoveries made in the large Kari gold in soil anomaly where more than 200,000m were drilled over the past 18 months The Kari Center discovery extends 1.2km along strike and across a width of over 200m, while the Kari West discovery extends at least 1.0km along strike and across a width of 500m, with both mineralized systems remaining open A second 200,000m drilling program will start before year-end, focused on extending the mineralization at Kari Pump, and delineating a maiden resource for Kari West and Kari Center Abidjan, November 15, 2018 - Endeavour Mining (TSX:EDV)(OTCQX:EDVMF) is pleased to announce a significant maiden resource estimate for the previously announced Kari Pump discovery at its flagship Houndé mine in Burkina Faso. Kari Pump, located only 7km west of the processing plant, is one of three high-grade discoveries made in the large Kari gold in soil anomaly which covers a 6km-long by 2.5km-wide area. A total of 203,900 meters have been drilled over the past 18 months, covering only 35% of the anomaly, with drill results previously announced on November 13, 2017, and May 24, 2018. Since May 2018, efforts have focused mainly on the Kari Pump discovery, with over 71,000 meters drilled to extend and in-fill its mineralization, which has led to ...