Houndé gold project, Burkina Faso
Name and Location
Houndé gold project, Burkina Faso.
Client
Avion Gold, a wholly owned subsidiary of Endeavour Mining.
Project Description
Houndé has a proven and probable reserve of 25-million tonnes, with an average grade of 1.95 g/t of gold.
A National Instrument 43-101 compliant feasibility study (FS) completed on the Houndé project has proved positive for an openpit gold mine.
The project FS focuses on the Vindaloo group of deposits that are located about 250 km south-west of Ouagadougou, the capital city of Burkina Faso.
The FS envisages production of 178 000 oz/y of gold over an 8.1-year life-of-mine (LoM), with a total LoM production of 1.44-million ounces.
Average gold recovery of 93.3% is forecast using a semiautogenous/ball mill grinding circuit, followed by processing through a gravity/carbon-in-leach plant capable of treating three-million tonnes a year of ore.
Value
Initial start-up capital is estimated at $315-million.
Duration
Engineering, procurement and construction is estimated at 21 months from board approval to first gold production.
Latest Developments
The project permitting process has started and is expected to take six to nine months.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Endeavour Mining senior VP business development, Doug Reddy, tel +1 604 609 6114 or email investor@endeavourmining.com.
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