Endeavour reports increased resource at its Houndé mine
The measured and indicated (M&I) resources at dual-listed Endeavour Mining Houndé’s mine, in Burkina Faso, have increased by 554 000 oz to 4.5-million ounces following further resource delineation at the Kari Area.
The resource increase includes extensions for the Kari West and Kari Center deposits plus maiden resources for the adjacent Kari Gap, Kari South and Kari Pump NE deposits.
The Kari Area now accounts for 57% of the Houndé M&I resource, with 2.5-million ounces of indicated resources discovered over the past three years.
The Kari Area hosts high-grade deposits, with about 84% of indicated resources grading more than 2 g/t gold, amounting to 2.1-million ounces.
An exploitation licence has recently been awarded for the Kari Area and mining has started at the Kari Pump deposit.
Maiden reserves for Kari West, along with an updated Houndé mine plan, are expected to be published in the third quarter, followed by maiden reserves for Kari Center and Kari Gap in the fourth quarter.
An additional 20 000 m drill programme is expected to start in the second half of this year.
“We are very excited to announce this resource update as it continues to demonstrate the Houndé mine’s potential. Over 2.5-million ounces of indicated resources have now been discovered in the Kari Area, ranking it as the largest resource in the Houndé mine complex.
"Our ability in moving the Kari Area from discovery to production in under three years underscores the success of an aggressive exploration strategy and the value of our strong and established government partnerships in West Africa,” comments Endeavour CEO Sébastien de Montessus.
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