Endeavour Mining reports exploration results at Côte d'Ivoire development project and from Burkina Faso properties

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[{"type":"text","content":"\n\n\n\n\n\nToronto Stock Exchange: EDV\n\n\nGEORGE TOWN, Grand Cayman, Aug. 3, 2011 /CNW/ - Endeavour Mining\n Corporation (\"Endeavour\" or the \"Corporation\") (TSX:EDV) today\n announces positive exploration results on development projects in Cte\n d'Ivoire and Burkina Faso, and operational results for the second\n quarter of 2011.\n\n\nInfill drilling program at the Agbaou feasibility-stage project in Cte\n d'Ivoire resumed in June 2011. The results received to date have\n consistently demonstrated continuity of grades and widths and confirmed\n the quality and interpretation of the mineralised zones within the\n deposit. Intersections include 24 metres at 10.66 g/t gold and 10\n metres at 17.06 g/t gold.\n\n\nIn addition, significant new exploration results were obtained from the\n Agbaou condemnation drilling campaign in areas which were being\n conceptually considered for the location of the tailings storage\n facility and the waste rock dump. Intersections from the waste rock\n dump area included 4 metres at 9.75 g/t gold and 6 metres at 3.58 g/t\n gold.\n\n\nPositive technical evaluation work for the expansion of the Youga Main\n and East pits and the 2010 NI 43-101 resource estimate will be updated\n during the second half of 2011 to include the encouraging exploration\n results on the periphery of the current pits.\n\n\nExploration results from a resource delineation and expansion program at\n the Ouar deposit, located 40 kilometres northwest of the Youga Mine in\n Burkina Faso, include intersections of 8.8 metres at 3.83 g/t gold and\n 6.4 metres at 2.55 g/t gold which confirm earlier interpretations and\n demonstrate continuity of the Ouar Main Zone.\n\n\nMetallurgical testwork is being initiated at Ouar in preparation for\n scoping studies to evaluate whether the deposit will be fed to the\n Youga mill or potentially be a heap leach operation.\n\n\nDuring Q2 2011, the Youga Mine in Burkina Faso produced 21,575 ounces of\n gold. Based on actual production results of 41,631 ounces for the\n first half of 2011 and the budgeted plan for the remainder of 2011, the\n Corporation anticipates achieving its full year guidance of\n approximately 84,000 ounces. Endeavour is scheduled to release its full\n Q2 2011 results on Wednesday, August 10, 2011.\n\n\nCte d'Ivoire \n\n\nAgbaou Project Development\n\n\nEndeavour is pleas...

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