Golden Rim Resources

Endeavour Mining has declared a maiden resource estimate on the Lafigué target, located within the Fetekro greenfield exploration property in Côte d’Ivoire.

Côte d’Ivoire Endeavour Mining has delineated a maiden mineral resource estimate for the Lafigué target which includes an:

  • Indicated resource of 6.8 Mt grading at 2.25 g/t gold for 494 000 oz of contained gold; and
  • Inferred resource of 3.0 Mt grading at at 2.25 g/t gold for 225 oo oz of contained gold.

Endeavour began exploration on the Fetekro property in March 2017, following a strategic assessment of its exploration tenements which ranked the property as a top priority target.

Since then, nearly 32 000 m were drilled, mainly focused on the highly prospective Lafigué target, with the drill results published on 24 September 2018.

The maiden Lafigué resource estimate encompasses approximately two-thirds of the total mineralised area defined to date which extends over an area 2.5 km long by 0.6 km wide.

The mineralisation remains open at depth and towards the southeast.

Based on the recently completed gold-in-soil geochemical campaign, structural mapping and ground/airborne geophysics campaigns performed, an additional 14 nearby targets have also been identified.

A 45 000 m drill programme has commenced and will continue into 2019, with a focus on the Lafigué target and testing new targets. An updated resource estimate is expected to be published in late 2019.

“This maiden resource brings us one step closer to attaining our strategic objective of identifying a new project as part of our five-year exploration strategy set in late 2016,” says Endeavour Mining President and CEO Sébastien de Montessus.

“While we have one of the largest exploration tenements in West Africa, our key strength has been the team’s ability to prioritise and rank top prospective targets to focus our efforts on those which have the best potential to one day become strategic long-life, low-cost mines within our portfolio,” he adds.

“The maiden resource demonstrates the prospectivity of the Fetekro property. A second exploration campaign at the Lafigué target has been launched quickly with the goal of converting the inferred resources and extending the outlined resource,” says Endevour Mining executive VP of exploration and growth Patrick Bouisset.

“The delineated Lafigué resource encompasses only approximately two-thirds of the total mineralised area defined to date and it remains open at depth, in multiple directions. Based on the initial analysis of the ore characteristics and orebody shape, we believe it could be amenable to open pit mining as mineralisation starts at surface while the preliminary metallurgical test work done suggests the potential for high gold recovery rates.

“Looking ahead, we are excited by the 14 additional targets identified to date, which supports our belief that Fetekro has the potential to become a new stand-alone project,” he notes.