Endeavour International Corporation

Published : September 19th, 2011

Mining Reports Positive Exploration Results at Youga Including 10m at 5.9 g/t

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Re:        News Release - Monday, September 19, 2011
Title:     Endeavour Mining Reports Positive Exploration Results at Youga Including 10m at 5.9 g/t


George Town, Grand Cayman, September 19, 2011 - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV) is pleased to report positive results from the ongoing exploration at its Youga Gold Mine property located in Burkina Faso, West Africa.

Neil Woodyer, CEO commented "We are pleased with the exploration successes achieved at Youga. The new discoveries are close to the current pits and represent possible mine life additions. We look forward to more drill results in the coming months."

Zergor�

The Zergor� deposit is located 2.5 kilometres east of the Youga plant. Zergor� has a recently reported Inferred Mineral Resource of 2.304 million tonnes with an average grade of 1.29 g/t Au at a 0.5 g/t Au cutoff grade (News Release dated February 17, 2011).

Recent results from in-fill reverse-circulation ("RC") drilling have consistently demonstrated continuity of grades and widths and continue to improve the confidence, quality and interpretation of the mineralised zones within the deposit. A number of significant intersections were reported including; YZRC-110 with 30m at 2.4 g/t including 1m at 10.3 g/t and YZRC-169 with 10m at 5.9 g/t including 3m at 11.4 g/t (see Table 1).

Table 1 Zergor� 2011 RC Drilling Highlights

Hole
ID
From
(m)
To
(m)
Length
(m)
True Width
(m)
Au Grade
(g/t)
YZRC-086 42 50 8 6 2.0
including 49 50 1 1 5.5
YZRC-087 24 28 4 3 2.7
including 24 25 1 1 5.0
YZRC-089 14 21 7 6 2.5
including 20 21 1 1 10.3
YZRC-092 11 24 13 10 1.5
including 11 12 1 1 4.9
and 48 57 9 7 2.2
including 55 56 1 1 7.3
YZRC-093 0 4 4 3 7.4
including 2 4 2 2 12.6
and 7 19 12 10 2.8
including 13 15 2 2 11.9
YZRC-094 33 43 10 8 1.6
including 41 43 2 2 5.6
YZRC-097 77 78 1 1 13.5
YZRC-098 32 40 8 6 2.9
including 34 37 3 2 4.7
YZRC-099 52 68 16 13 1.8
including 60 62 2 2 4.7
YZRC-100 45 51 6 5 2.3
including 48 49 1 1 4.9
and 54 63 9 7 2.1
including 56 58 2 2 6.8
YZRC-101 49 64 15 12 2.4
including 55 57 2 2 6.1
YZRC-102 63 69 6 5 2.4
including 66 67 1 1 6.1
YZRC-104 9 15 6 5 1.8
including 14 15 1 1 4.3
YZRC-105 21 46 25 20 1.2
including 37 40 3 2 2.9
YZRC-109 20 30 10 8 1.9
including 27 28 1 1 6.8
and 60 65 5 4 4.1
including 63 65 2 2 8.1
YZRC-110 55 93 38 30 2.4
including 76 77 1 1 10.3
YZRC-114 113 122 9 7 1.7
including 113 114 1 1 3.6
YZRC-115 34 38 4 3 3.2
including 36 37 1 1 7.3
YZRC-117 15 25 10 8 2.0
including 23 24 1 1 6.0
YZRC-120 0 31 31 25 1.4
including 28 30 2 2 7.1
YZRC-121 0 16 16 13 2.3
including 9 10 1 1 10.9
YZRC-130 21 33 12 10 2.1
including 23 26 3 2 5.7
YZRC-133 33 38 5 4 2.4
including 33 35 2 2 4.5
YZRC-137 58 75 17 14 3.6
including 61 64 3 2 12.0
YZRC-138 43 50 7 6 10.7
including 43 46 3 2 21.6
and 55 60 5 4 5.4
including 56 59 3 2 7.5
YZRC-139 11 24 13 10 2.1
including 12 13 1 1 6.1
and 72 78 6 5 1.7
including 74 75 1 1 5.0
YZRC-140 39 42 3 2 4.9
YZRC-142 11 24 13 10 2.2
including 22 23 1 1 8.3
YZRC-143 31 44 13 10 2.7
including 39 42 3 2 8.0
YZRC-160 27 31 4 3 2.4
including 30 31 1 1 3.9
YZRC-165 21 33 12 10 1.9
including 28 29 1 1 6.7
and 45 60 15 12 1.9
including 53 55 2 2 7.8
YZRC-166 27 32 5 4 4.5
including 28 31 3 2 6.9
YZRC-169 83 95 12 10 5.9
including 83 87 4 3 11.4

The current drill program has been concluded with final assays expected in the coming weeks and updated resource estimate to follow.

Main / East Pit Exploration

Following up the previously reported positive results from the Triple 'A' Zone (News Releases dated February 17, 2011 and August 3, 2011) on the east wall of the Main Pit at Youga, and the mineralization on the north wall of the East Pit (News Releases dated May 30, 2011 and August 3, 2011), additional RC drilling has reported a number of significant intersections including; RC-11-340 with 7m at 2.4 g/t including 1m at 7.8 g/t, and RC-11-329 with 32m at 4.2 g/t, including 2m at 46.6 g/t (see Table 2).


Table 2 A2 Main / East 2011 RC Drilling Highlights

Zone Hole ID From
(m)
To
(m)
Length
(m)
Au Grade
(g/t)
Triple A RC-11-330 79 82 3 1.0
RC-11-331 73 78 5 2.8
Including 73 75 2 3.8
And 82 83 1 7.0
RC-11-332 62 67 5 1.8
including 63 65 2 3.1
A2RCDD-11-338 119 129 10 1.4
including 126 128 2 3.3
RC-11-339 46 51 5 2.6
including 46 47 1 6.7
and 55 66 11 1.2
including 64 65 1 3.4
RC-11-340 112 119 7 2.4
including 113 114 1 7.8
RC-11-341 22 23 1 24.4
and 35 41 6 2.0
including 38 40 2 4.2
East Pit Hanging Wall RC-11-329 56 72 16 2.0
including 69 71 2 7.8
and 109 141 32 4.2
including 112 114 2 46.6
RC-11-325 69 72 3 9.5
including 70 71 1 20.5
and 75 79 4 1.3
and 84 101 17 1.0
RC-11-326 78 82 4 1.7
and 84 102 18 1.2
including 87 88 1 3.2

*All intervals are reported as down-hole lengths and are not corrected to true widths for the mineralized intervals. Additional work is required to determine true widths.

Due to the close proximity of these new discoveries to the current pits and the possible significant potential impact on operations, the resource estimation of these zones has moved up in priority and the data is currently being prepared for delivery to the resource estimation team.

Exploration Campaign at Youga Mine and Youga Gold Belt in 2011

Endeavour's Youga Gold Mine, which has been in production since 2008, produced 82,400 ounces of gold in 2010 and is targeting production of 84,000 ounces of gold in 2011. Endeavour's on-going exploration focus is the addition of mineral reserves at Youga. Building on the success of the 2010 Youga exploration campaign, which identified several new resource targets within 3 kilometres of the Youga Plant, Endeavour initially committed US$10 million to the exploration program in 2011. Based on recent positive results and additional targets, Endeavour has committed an additional US$2.6 million bringing the commitment to a total of 73,000 m of RC and core drilling as part of exploration and resource/reserve development.

Qualified Person

K. Kirk Woodman, P. Geo, Head of Exploration 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 SGS Laboratories, Ouagadougou, Burkina Faso. 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 gold producer. Endeavour also holds an extensive exploration land position and various advanced-stage development gold projects in West Africa. Endeavour has a global strategy, supported by financial resources and management's company building expertise, to grow into an intermediate gold producer through strategic acquisitions.

On August 21, 2011, Endeavour and Adamus Resources Limited (ASX:ADU) announced they have entered into a definitive Merger Implementation Agreement to combine through an all-stock merger of equals transaction creating a new growth focused West African gold producer. The merger is scheduled to close during December 2011.

The common shares of Endeavour Mining Corporation are traded on the Toronto Stock Exchange under the symbol "EDV".

On behalf of Endeavour Mining Corporation
"Neil Woodyer"

Neil Woodyer
Chief Executive Officer

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking information relating to the future performance of Endeavour Mining Corporation. Forward-looking information, specifically, that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Corporation's filings with the appropriate securities commissions.

For additional information, contact:

Stephen Roberts, Senior Vice President - Investor Relations (604) 609-6130, sroberts@endeavourmining.com

or

Vanguard Shareholder Solutions 1-866-341-4111 or (604) 608-0824, investor@endeavourmining.com


Copyright � 2011 ENDEAVOUR MINING CORPORATION (EDR) All rights reserved. For more information visit our website at http://www.endeavourmining.com/ or send email to info@endeavourmining.com ..

Data and Statistics for these countries : Burkina Faso | All
Gold and Silver Prices for these countries : Burkina Faso | All

Endeavour International Corporation

DEVELOPMENT STAGE
CODE : END
ISIN : US29259G2003
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Endeavour is a and oil development stage company based in United states of america.

Endeavour develops natural gas in U.k., and holds various exploration projects in Norway.

Its main asset in development is COLUMBUS in U.k. and its main exploration properties are NOATUN and ROCHELLE DISCOVERY in Norway.

Endeavour is listed in United States of America. Its market capitalisation is US$ 7.3 millions as of today (€ 5.8 millions).

Its stock quote reached its highest recent level on January 13, 2012 at US$ 9.99, and its lowest recent point on October 10, 2014 at US$ 0.15.

Endeavour has 47 200 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Endeavour International Corporation
9/3/2010Endeavour Merchant Bank Becomes Gold Producer
Financings of Endeavour International Corporation
7/11/2016Closes C$144 million Bought Deal Financing
Nominations of Endeavour International Corporation
10/3/2016appoints two new independent non-executive directors
6/5/2013Mining Reports Election Of Directors
4/2/2013Mining Appoints Ian Henderson to Board of Directors
3/22/2013Mining Announces Director Resignation Following Integration ...
6/8/2012Mining Appoints VP Investor Relations
11/7/2008announces resignation of U.S Global and appointment of new c...
Financials of Endeavour International Corporation
4/21/2016and True Gold Shareholders Approve Acquisition Transaction
11/6/2013Announces 2013 Third Quarter Financial and Operational Resul...
8/6/2013Announces 2013 Second Quarter Financial and Operational Resu...
7/30/2013Schedules 2013 Second Quarter Conference Call and Web Cast
5/9/2012Mining Delivers Strong First Quarter Results Including 49,53...
3/14/2012Mining Reports 2011 Financial Results
3/14/2012Mining Reports 2011 Financial Results And Demonstrates Signi...
8/10/2011Mining Reports Q2 2011 Cash Flow From Mine Operations
6/13/2011Mining Reports Q1 2011 Cash Flow From Mine Operations
3/22/2011Mining Reports Net Income Of $9.6 Million
2/9/2009REPORTS FINANCIAL RESULTS FOR QUARTER ENDED DECEMBER 31, 20...
11/13/2008REPORTS FINANCIAL RESULTS FOR QUARTER ENDED SEPTEMBER 30, 20...
8/22/2008Release Financial Results
Project news of Endeavour International Corporation
4/26/2016Completes Acquisition of True Gold
1/27/2014Mining Declares Commercial Production at Agbaou and Signs Co...
11/29/2013Mining Pours First Gold Bar at Agbaou Mine Ahead of Schedule
11/13/2013Completes Sale and Forms Joint Venture with Samson Explorati...
11/13/2013Mining Reports Record Q3 Gold Production of 88,445 oz and Al...
11/6/2013Mining Announces Positive Feasibility Study ForHound=E9 Gold...
8/6/2013Mining Reports Delivery of Mining Equipment at Agbaou Gold M...
6/25/2013Mining Reports Tabakoto Mill Expansion Achieves Design Capac...
6/12/2013Mining Reports Delivery of Mills at Agbaou Gold Mine and Ach...
4/24/2013Mining Reports Agbaou Gold Mine Construction Progress
1/22/2013Mining Delivers 310,000 Oz Gold Production and Provides 2013...
1/22/2013Mining Delivers 310,000 Oz Gold Production Exceeding 2012 Gu...
10/18/2012Mining closes Avion Acquisition and announces new Board Memb...
10/1/2012Mining Announces ISS and Glass Lewis Recommend in Favour of ...
9/20/2012Mining Announces Full and Final Settlement With Gold Reserve
9/7/2012Mining Drilling At Agbaou Demonstrates Potential For Pit Exp...
7/16/2012Mining Delivers 102,691 Oz of Gold Production in First Half ...
7/13/2012Mining Files Technical Report For Agbaou Gold Project
6/11/2012Agbaou Gold Project enters construction with planned 103,000...
6/11/2012Agbaou Gold Project Enters Construction
5/11/2012Mining Discovers New Oxide Zones at Nzema Gold Mine
5/3/2012Expands Nzema Sulphide Program And Initiates Preliminary Eco...
3/20/2012Goals Met, New Targets Set: Endeavour Mining Earns an A+ For...
3/20/2012Canaccord Genuity Issues $4.00 Target on Endeavour Mining
3/6/2012Mining Sells 40% Interest in Finkolo JV for US$20 Million Ca...
2/23/2012Near-Mine Exploration Programs Yield Strong Results for Ende...
12/19/2011Mining And Adamus Resources Complete Merger
12/5/2011Mining Merger With Adamus Resources Has Become Effective
9/12/2011Mining Reports Positive Drill Results at Agbaou Including 10...
9/12/2011Mining Reports Positive Drill Results at Agbaou
8/22/2011Mining and Adamus Resources to Merge
8/3/2011Mining Reports Exploration Results At C=F4te D'Ivoire Develo...
Corporate news of Endeavour International Corporation
7/26/2016to Announce its Q2 Results on Thursday July 28, 2016
5/9/2016Announces Governance Changes
2/26/2014Issues Statement Regarding Nomination Notice by Stockholders
1/30/2014Mining Delivers 324,275 oz in 2013 and Forecasts 400,000 to ...
1/27/2014Announces Closing of $255 Million Senior Secured First Lien ...
1/6/2014Announces Intention to Refinance Revolving Credit Facility a...
12/3/2013Mining Files Technical Report For Hound=E9 GoldProject Feasi...
11/4/2013Mining to Release Q3 Results on November 12, 2013
10/28/2013Mining Closes Sale of Non-Core Finkolo JV and Receives $16 M...
10/22/2013Announces Completion of Strategic Review, Organizational Cha...
10/15/2013Mining Initiates Mining at Agbaou and Completes Power Line I...
8/7/2013Mining To Release Q2 Results On August 14, 2013
7/24/2013Mining Increases And Extends Debt Facility To Strengthen Fin...
7/18/2013Business Excellence features Endeavour Mining in July 2013 i...
5/15/2013Mining Reports Q1 All-In Sustaining Margin Of $39 Million An...
5/6/2013Mining to Release Q1 Results on May 14, 2013
4/30/2013Mining Sells Non-Core Rare Earths Shareholding For US$5.3M C...
3/27/2013Mining Reports 2012 All-In Margin of $130 Million and Update...
3/20/2013Mining To Release 2012 Year-End Results On March 28, 2013
3/13/2013Mining's Agbaou Construction Continues on Schedule
3/12/2013Mining Files Hound=E9 PEA=2C Completes In-FillDrilling And ...
1/22/2013Mining Announces Positive PEA for Hound=E9 GoldProject
11/8/2012Mining To Release Q3 Results On November 14, 2012
10/12/2012Mining Shareholders Approve Avion Acquisition to Grow Gold P...
8/27/2012Receives Encouraging Drill Results from PEA-Stage Ouar=E9 Pr...
8/27/2012Bids for Avion
8/15/2012Mining Granted Mining Permit for Agbaou Gold Project
8/8/2012MINING TO ACQUIRE AVION GOLD
8/8/2012Mining Reports Strong Q2, with Cash Flow of $47.6 Million fr...
8/3/2012Mining Q2 Webcast Moved To August 9
8/1/2012Mining to Release Q2 Results on August 7
6/28/2012Completes Ouar=E9 Drilling and Commences Resource Update for...
6/21/2012Mining in Gold Newsletter
6/1/2012Digs Deeper, Brings Strong Gold Results from Youga
5/28/2012Positive Drilling Results from Endeavour's Youga Gold Mine
5/4/2012Mining To Release Q1 Results On May 8th, 2012
5/2/2012Expands Nzema Sulphide Program
4/30/2012Strong drilling results from Endeavour Mining's Youga Gold M...
4/19/2012Buy Recommendation for Endeavour Mining
4/2/2012Mining Commences Trading in the U.S. on OTCQX International
3/26/2012Mining Corp. on the Way Up with 3 Mines and 3 Triangles
3/22/2012Five Things to Love About Endeavour Mining
3/8/2012Mining to Release Year End Results on March 13, 2012
3/7/2012VIDEO CORRECTION - Endeavour Mining CEO on BNN
3/7/2012Mining CEO on BNN
3/4/2012Mining Completes Salman Village Resettlement In Ghana
2/2/2012Mining Meets 2011 Gold Production Targets
1/30/2012Mining Reports Q4 and Full Year 2011 Gold Production and 201...
1/30/2012Mining Reports Q4 and Full Year 2011 Gold Production
1/27/2012Mining in Globe and Mail
1/10/2012Mining in Gold Newsletter
11/29/2011Mining Closeout Of Youga Gold Hedge Book
11/28/2011Mining on BNN's Market Call
11/25/2011Mining Shareholders Approve Merger With Adamus
10/13/2011Mining Reports Closing of Sale of Non-Core Diamond Assets an...
10/13/2011Mining Reports Closing Of Sale Of Non-Core Diamond Assets
9/20/2011Mining In Gold Newsletter
9/19/2011Mining Reports Positive Exploration Results at Youga Includi...
9/8/2011Mining in Winston's Growth Stock Report
8/31/2011Two West African Gold Producers Merge - Endeavour Mining
8/26/2011MD/CEO Mark Connelly discusses Adamus' Merger of Equals with...
8/25/2011Mining To Merge With Adamus
8/18/2011Junior Gold Producers Rising to the Occasion - Endeavour Min...
8/15/2011Mining's Profit Rises on Higher Gold Output, Prices
8/11/2011Mining Corp. is Moving Toward Mid Tier Gold Producer Status
8/8/2011Mining - A Deep Discounted Emerging Gold Producer
8/4/2011Mining To Release Second Quarter 2011 Results On August 10, ...
6/10/2011to Release First Quarter 2011 Results on June 13, 2011
6/28/2010ANNOUNCES SIGNING OF $100 MILLION ACQUISITION FACILITY WITH...
6/11/2010and Severstal Find Synergy In Crew Gold: MineralSTOX
6/2/2010Severstal & Endeavour Reach Agreement for Building Value in ...
10/14/2009Appointed as Project Finance Advisor
2/23/2009Financing Highlights Investors Moving into Gold - Midas Lett...
1/19/2009DECLARES MONTHLY DIVIDEND FOR JANUARY 2009
12/17/2008DECLARES MONTHLY DIVIDEND FOR DECEMBER 2008
11/3/2008to Release Q1 Results November 12, 2008
9/4/2008REPORTS NET INCOME OF US$56.5 MILLION FOR YEAR ENDED JUNE 30...
8/12/2008Declares Monthly Dividend for August 2008
7/14/2008Declares Monthly Dividend for July 2008
5/12/2008 DECLARES MONTHLY DIVIDEND FOR MAY 2008
4/12/2008Declares Monthly Dividend for April 2008
3/13/2008Declares Monthly Dividend for March 2008
5/24/2007Acquires Remaining 49% Interest In Guanacevi Mines Project, ...
5/2/2007 Closes Acquisition of Bolanitos Exploitation Contracts; Ann...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AMEX (END)
0.155-16.26%
AMEX
US$ 0.155
10/07 16:07 -0.030
-16.26%
Prev close Open
0.185 0.180
Low High
0.150 0.190
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.155 -3.12%
Volume 1 month var.
415,127 -3.12%
24hGold TrendPower© : -34
Produces
Develops Natural gas - Oil
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.94+9.34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.55%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.69+13.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.60+1.83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+5.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.61+0.98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :