Endeavour Mining Agbaou Exploration Results Include 32.5 gpt over 5.6 metres and 8.2 gpt over 8.8 metres

VANCOUVER, Oct. 9, 2014 /CNW/ - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (News - Market indicators) (ASX:EVR) (OTCQX:EDVMF) reports the ongoing Agbaou exploration drilling demonstrates continuity of grades and widths of strike extensions of the deposits in the North pit and the West pit.

Table 1: Key Drilling Highlights

Neil Woodyer, CEO, stated

"Results from the ongoing Agbaou drilling program are giving us confidence of being able to replace and expand our reserve base and extend the mine life at Agbaou.  The areas being drilled are immediately adjacent to the North and West pits and therefore represent similar haulage distances for any reserve that may be identified in these areas.  Drilling is returning strong grades and widths and the majority of the intercepts are near surface and therefore oxide mineralization."

The results received to date have consistently demonstrated continuity of grades and widths and confirmed the quality and interpretation of the mineralized zones. Of the 165 holes completed, 88% intersected mineralization. Additional drilling highlights with true widths, and cross sections of the P2 and P6 mineralization are provided in the appendix to this news release. 

Exploration Drill Program

A reverse-circulation ("RC") drilling program began in August 2014, and to date a total of 165 holes (15,266 metres) were drilled to confirm and further test exploration targets and extensions to the principal mineralized zones in the North and West pit areas (News Releases dated August 3, 2011, September 12, 2011 and September 6, 2012). The intercepts are shallow; all assays are at vertical depths of less than 100 metres with a majority of the intersections at depths of less than 60 metres.

Two holes on the P2 target intersected mineralization with high grades over very wide intersections (see Section A-A' in the appendix to this news release) which include 77 metres at 8.6 g/t gold (including 5 metres at 22.1 g/t gold) and 27 metres at 7.2 g/t gold (including 4 metres at 34.7 g/t gold). These wide, high-grade intersections are related to "mottled" quartz-veins, however, they appear to represent a change in orientation. Additional drilling is required to determine the orientation and strike extent of this mineralization.

These new results are currently being incorporated into the drilling database and will reduce the nominal drill spacing down to 30 metres by 20 metres over extensions of the Main and West deposits as well as new deposits in the P2, P4, P5, P6 and P7 (Figure 1) areas. General dimensions of the mineralization in these areas are provided in Table 2. This additional data will be the basis for a revised mineral resource estimate planned to improve classification of portions of the mineral resource from Inferred to at least Indicated and incorporated into a revised mineral reserve estimate. Additions to resources and reserves will be added during the normal year-end resource and reserve estimates for Agbaou.

Table 2: Agbaou 2014 Drilling Areas

Qualified Persons

K. Kirk Woodman, P.Geo., GM Exploration – Burkina Faso, Cote d'Ivoire and Mali, is the Qualified Person overseeing Endeavour's exploration projects in West Africa and has reviewed and approved this press release.

All sample preparations and standard 50-gram gold fire assays were performed by Bureau Veritas Laboratories, Abidjan, Cote d'Ivoire. Endeavour consistently employs a rigorous quality control and assurance program comprising regular insertion of certified reference standards, blanks and duplicates.

About Endeavour Mining Corporation

Endeavour is a Canadian-based gold mining company producing over 450,000 ounces per year from four mines in West Africa.  Endeavour is focused on effectively managing its existing assets to maximize cash flow as well as pursuing organic and strategic growth opportunities that benefit from its management and operational expertise.

On behalf of Endeavour Mining Corporation

Neil Woodyer
Chief Executive Officer

This news release contains "forward-looking statements" including but not limited to, statements with respect to Endeavour's plans and operating performance, the estimation of mineral reserves and resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, and the success of exploration activities. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" and "anticipates". Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Endeavour operates. Although Endeavour has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to Endeavour's most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour and its business.

Appendix

Agbaou 2014 Drilling Highlights

*Intercept continues to the End of Hole

SOURCE Endeavour Mining Corporation

Image with caption: "Figure 1: Agbaou Exploration Drill Plan (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20141009_C2024_PHOTO_EN_6572.jpg

Image with caption: "Cross Section A-A' in P2 Area (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20141009_C2024_PHOTO_EN_6573.jpg

Image with caption: "Cross Section B-B' in P6 Area (CNW Group/Endeavour Mining Corporation)". Image available at: http://photos.newswire.ca/images/download/20141009_C2024_PHOTO_EN_6574.jpg

Cross Section A-A' in P2 Area (CNW Group/Endeavour Mining Corporation)

Cross Section B-B' in P6 Area (CNW Group/Endeavour Mining Corporation)