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Endeavour Mining Extends Karma Mine Life to +10 years as North Kao Infill Drilling Adds 262koz of Reserves
Abidjan, February 23, 2017 - Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) is pleased to announce that the infill drill program at its North Kao deposit,
About this update from Endeavour Mining Plc
[{"type":"text","content":"Abidjan, February 23, 2017 - Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) is pleased to announce that the infill drill program at its North Kao deposit, located at its Karma Gold Mine in Burkina Faso, has confirmed the continuity of the previous inferred resource, resulting in a maiden indicated resource of 314,000 ounces amenable to heap leaching and a subsequent conversion of 262,000 ounces to reserves. Sébastien de Montessus, President & CEO, stated: \"When we acquired Karma last year we were confident in its exploration potential and our ability to quickly extend its mine life. Following the conversion of resources at North Kao to reserves, Karma now meets our strategic portfolio criteria of having a minimum life of 10 years and ability to produce at an AISC below $850/oz. Looking ahead, our 2017 program will focus on the Rambo West and Yabonsgo near-mill targets, which we believe could further improve the mine's outlook.\" The North Kao deposit is located within 10 kilometers of the current processing plant. Its main mineralized zone stretches over 1.4 kilometers along strike and remains open to the north. The evolution of its reserves and resources amenable to heap leaching (comprised of oxide and transition material), is summarized in the table below. Table 1: North Kao Reserve and Resource (Heap Leaching) On a 100% basisResources shown inclusive of reserves (only oxide and transition material shown) December 31, 2015 December 31, 2016 Tonnage(Mt) Grade(Au g/t) Content(Au koz) Tonnage(Mt) Grade(Au g/t) Content(Au koz) Probable Reserves - - - 7.1 1.16 262 Indicated Resources(including reserves) - - - 8.0 1.22 314 Inferred Resources 16.4 0.80 423 0.1 1.10 5 Notes provided in Section \"About the Mineral Reserves and Resources\" of this Press Release. Infill Drilling Program An infill drilling program was completed in 2016 with the objective of upgrading the existing inferred resources to the indicated category. The program comprised 68 core holes (7,571 meters) and 488 reverse circulation holes (39,554 meters). The sections were spaced by 50 meters, with 35 meters between holes. As shown in Figure 1 below, the main mineralized zone at North Kao can be ...