Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) has announced that the infill drill programme at its North Kao deposit, located at its Karma Gold Mine in Burkina Faso, will continue the previously 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.
North Kao Highlights:
North Kao infill drilling confirms the continuity of the previous inferred resource and improves the grade profile
• 314koz of resources amenable to heap leach processing converted to indicated status
• Indicated resource grade up 53% over the previous inferred grade to 1.22 g/t Au
262koz were subsequently converted to reserves, extending Karma’s mine life to beyond 10 years
The North Kao mineralised structure remains open to the north and the potential exists for additional sub-parallel zones
Following the success at North Kao, the 2017 exploration campaign will focus on other near-mill targets, such as Rambo West and Yabonsgo
Sébastien de Montessus, President and 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 programme 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 mineralised zone stretches over 1.4 kilometers along strike and remains open to the north.
Source: Ghana/Goldoilgas.com
