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Endeavour Mining Announces Maiden Reserve for the Le Plaque Discovery at its Ity Mine
LE PLAQUE HIGHLIGHTS: Le Plaque maiden reserve of 5.5Mt at 2.34 g/t Au for 415koz High M&I resource to reserve conversion rate of 91% Significantly higher grade
About this update from Endeavour Mining Plc
[{"type":"text","content":"LE PLAQUE HIGHLIGHTS: Le Plaque maiden reserve of 5.5Mt at 2.34 g/t Au for 415koz High M&I resource to reserve conversion rate of 91% Significantly higher grade: 51% higher than the Ity mine reserve grade of 1.55g/t Au Located only 6km south of the processing plant Permitting process underway with mining license expected to be received in H2-2020 Le Plaque resource and reserve estimates are expected to further increase in Q2-2020 based on the H2-2019 drill results and the ongoing H1-2020 drill program Maiden reserve is based on the resource announced in July 2019. An additional 194 DD and RC holes totaling 25,695m were drilled in H2-2019 over Le Plaque. These drill results indicate that the deposit remains open in various directions and at depth with a significant extension delineated to the south. An aggressive 41,000m RC and DD drilling campaign is underway with results expected to be included in the upcoming resource and reserve estimate update 244 regional AC holes drilled in H2-2019, totaling 12,177m, confirmed the potential of 7 targets near Le Plaque and an additional 30,000m AC drilling campaign has been scheduled for H2-2020 to advance them A $14m exploration program, totaling circa 100,000m, has been budgeted for the Ity area in 2020, with the aim of delineating additional resources at Le Plaque and Bakatouo SW deposits, as well as testing other targets Abidjan, February 24, 2020 – Endeavour Mining (TSX:EDV)(OTCQX:EDVMF) is pleased to announce a 415koz maiden Probable Reserve for the Le Plaque discovery at its flagship Ity mine in Côte d’Ivoire. The maiden Le Plaque reserve, as summarized in Table 1 below, is based on the resource published in July 2019. An updated reserve and resource estimate is expected to be published in late Q2-2020 to incorporate the drill results obtained from the 25,695 meters of additional RC and DD drilling conducted in the H2-2019 and the results of the recently initiated 41,000 meter drill program. Sébastien de Montessus, President and CEO of Endeavour Mining, stated: “We are very pleased with the maiden reserve at Le Plaque, which is significantly higher grade than the current reserve grade at Ity. Once again, the exploration team has demonstrated their ability to swiftly unlock exploration value by moving from discovery to production in und...