Endeavour Mining - Maiden resource paves way for potential project
On 29 October, Endeavour (EDV) announced a maiden resource at its Fetekro property in north central Côte d’Ivoire of 719koz Au, contained within 9.8Mt. The resource equates to 4.0% of Endeavour’s prior, global resource (on a 100% basis), or 4.8% on an attributable basis. However, it equates to a rather more significant 4.5-7.6% of Endeavour’s 9.5-16.0Moz exploration target over the course of the next five years. Moreover, at 2.25g/t, its average grade is 21.0% above the average of Endeavour’s other resources. The target remains open at depth and to the south-east, while ground geophysics and geochemical data suggest that its mineralisation also extends towards the east and north-east. As a result, a second, 45,000m exploration campaign has now been launched by Endeavour in conjunction with a regional exploration programme to test nearby targets.Endeavour Mining is engaged in the acquisition, exploration and development of gold properties in West Africa.
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