Name and Location
Houndé gold project, Burkina Faso.

Client
Endeavour Mining.

Project Description
A preliminary economic assessment (PEA) completed on the Houndé project estimates potential production of 161 000 oz/y of gold over a ten-year mine life, with a total life-of-mine production of 1.61-million ounces using owner-operated openpit mining. The PEA envisages an average 91% process recovery at a milling rate of 8 000 t/d, supplying a conventional gravity/carbon-in-leach circuit.

Value
$345-million, including start-up capital.

Duration
Not stated.

Latest Developments
Endeavour has reported that in-fill drilling for the Houndé feasibility study has been completed about one month ahead of schedule. Modelling of the mineralisation, geology and alteration has started in preparation for an updated resource estimate as part of the feasibility study. Geotechnical drilling has been carried out on the preferred sites for the mill, tailings and water storage facilities and test pitting is in progress. Sterilisation augur drilling and induced-polarisation geophysical surveys are in progress and reverse-circulation drilling will be used to evaluate any targets developed during the sterilisation work.

Pit geotechnical drilling has been completed and the data has been delivered to the geotechnical consultants. Environmental baseline data collection started in the beginning of the year and will continue for the rest of the year. 

Key Contracts and Suppliers
None stated.

On Budget and on Time?
All studies are on schedule.

Contact Details for Project Information
Endeavour Mining VP: investor relations Marla Gale, tel +1 604 609 6117 or
email mgale@endeavourmining.com.