Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) has announced a significant discovery at its Ity gold mine in Côte d’Ivoire, as part of its on-going exploration drilling programme.
The Bakatouo discovery is located along the northern extension of the Zia Northeast and Walter deposits and extends over 800 meters along strike and 250 meters across strike.
The mineralisation remains open at depth, to the southwest, and to the northeast. Similar to the Mount Ity and Zia Northeast deposits, the Bakatouo discovery is characterised by its high-grade and close to surface oxide and fresh mineralisation suggesting potential to supplement both the existing heap leach operation and a future Carbon-in-Leach (“CIL”) project, for which a feasibility study is expected in Q4-2016.
Patrick Bouisset, Executive Vice-President, Exploration and Growth, of Endeavour, commented: “We are very pleased with this new near-mine Bakatouo discovery as we believe it has the potential to become one of Ity’s highest grade deposits. This discovery and the presence of numerous other near-mine targets continues to demonstrate the prolific nature of the Ity mine, which has already grown its M&I resources from 0.2Moz to 3.1Moz between 2012 and 20151. I firmly believe that the trend along which the Ity mine is located ranks amongst one of West-Africa’s most prospective areas with strong potential to make world-class discoveries.”
Sebastien de Montessus, CEO of Endeavour, commented: “Beyond continuing to build on our track-record of being efficient operators and project builders in West-Africa, a key focus of our growth and value creation strategy is to place more emphasis on exploration. As such, we are pleased with this first success and we are confident that we can continue to unlock exploration value across our portfolio.”
Source: Ghana/AccraFM.com
