Endeavour International Corporation Mining Drilling At Agbaou Demonstrates Potential For Pit Expansion by 24hgold

Mots clés associés : Burkina Faso | Europe | Ghana | Mali |

News Release - Thursday, September 06, 2012
Endeavour Mining Drilling At Agbaou Demonstrates Potential For Pit Expansion

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Vancouver, September 6, 2012 - Endeavour Mining Corporation ("Endeavour") (TSX:EDV, ASX:EVR, OTCQX:EDVMF) today announces drill results from the ongoing near-mine exploration program on its Agbaou gold deposit in C�te d'Ivoire. Exploration success is indicating further upside beyond the current mineral resources and reserves. Agbaou mine construction remains on track to begin production in Q1 2014.

Project Construction

Endeavour recently announced receipt of the official decree from the government of C�te d'Ivoire granting its Ivorian subsidiary the Mining Permit for its 85%-owned Agbaou Gold Project. There are no other permits required for construction and production at the Agbaou Gold Project. Long-lead items for Agbaou construction such as mills, transformers and electrical lines have already been ordered. More recently, ground clearing and crop compensation have begun in preparation for commencement of earthworks expected later this month.

Exploration Results

Exploration drilling has focused on delineating the targets identified during condemnation drilling and on extensions to the principal mineralized zones in the Main and South pit areas (News Releases dated August 3, 2011 and September 12, 2011). The intercepts are shallow; all assays are at depths of less than 100m with a majority of the intersections at depths of less than 60m.

Highlights of the exploration drilling program at Agbaou include (Table 1);

P2		AGBRC1095 with 7m @ 5.0g/t including 1m @ 28.0g/t gold AGBRC1142 with 10m @ 2.4g/t including 2m @ 6.1g/t gold
P4		AGBRC1168 with 9m @ 4.2g/t including 4m @ 8.4g/t gold AGBRC1186 with 3m @ 7.5g/t AGBRC1187 with 4m @ 6.1g/t, including 2m @ 9.7g/t, and 8m @ 2.6 g/t gold
P6		AGBRC1160 with 15m @ 5.6g/t including 6m @ 8.2g/t gold
MPN		AGBRC1237 with 4m @ 13.4g/t including 2m @ 24.7g/t gold AGBRC1238 with 7m @ 4.0g/t including 2m @ 12.5g/t gold

Figure 1: Plan Map of the Agbaou Exploration Target Areas

Click to Enlarge

G�rard De Hert, VP Exploration, stated:

"We are pleased with the ongoing success of this drilling program, which is aimed at increasing the mine life at Agbaou prior to commencing production in early 2014. The results on the P2 and P9* targets support the interpretation of southern extensions from the mineralization in the Main and South pits while drilling around the West Pit and on the P5 and P6 targets has supported the extension of that deposit to the southwest and northeast. We are also testing the down dip potential below the current pit limits in several areas using core drilling."

*P9 results were reported in June 11, 2012 news release, including 6m of 2.02 g/t gold.

Resource Estimate

An updated resource estimation will be completed once the assays from the recent core drilling are available. Agbaou currently has a Measured and Indicated resource of 1.157 million ounces gold comprised of 6.262 million tonnes at 2.2 g/t (438,200 ounces gold) Measured and 8.708 million tonnes at 2.6 g/t (718,500 ounces gold) Indicated (at a 0.5 gram per tonne ("g/t") cut-off, SRK May 2012). A further 1.473 million tonnes at 1.5 g/t (72,900 ounces gold) is in the Inferred category.

Table 1: Agbaou Exploration Drilling Highlights by Target Area

Target	Hole ID	From (m)	To (m)	Length (m)	True Width (m)	Au Grade (g/t)	Final Depth (m)
P1	AGBRC1125	26	37	11	8.8	1.46	60
	including	30	31	1	0.8	6.10
	AGBRC1126	54	58	4	3.2	2.08	78
	including	54	55	1	0.8	4.31
P2	AGBRC1095	55	62	7	*	4.96	104
	including	60	61	1	*	27.97
	AGBRC1104	86	94	8	*	1.19	96
	including	91	92	1	*	4.89
	AGBRC1140	50	59	9	*	1.52	63
	including	55	56	1	*	6.19
	AGBRC1313	0	16	16	*	0.99	52
	including	10	11	1	*	2.03
	and	24	32	8	*	2.74
	including	27	28	1	*	5.53
	AGBRC1331	32	33	1	*	3.71	51
P3	AGBRC1164	24	25	1	*	25.13	54
P4	AGBRC1168	22	31	9	*	4.19	50
	including	22	26	4	*	8.42
	AGBRC1186	7	12	5	*	2.89	54
	including	10	12	2	*	6.30
	and	18	21	3	*	7.51
	AGBRC1187	19	23	4	*	6.14	54
	including	20	22	2	*	9.70
	and	41	49	8	*	2.60	54
	including	41	42	1	*	8.19
	AGBRC1188	11	16	5	*	2.19	54
	including	13	14	1	*	4.56
P5	AGBRC1181	17	21	4	*	2.24	54
	including	18	19	1	*	4.43
	AGBRC1182	34	35	1	*	16.40	59
	and	41	44	3	*	1.93
	including	43	44	1	*	4.88
	AGBRC1183	47	52	5	*	3.45	62
	including	50	52	2	*	5.09
	AGBRC1185	27	36	9	*	2.38	58
	including	32	34	2	*	4.25
	AGBRC1201	6	7	1	*	11.42	62
P6	AGBRC1159	7	8	1	*	2.01	62
	and	11	14	3	*	3.74
	including	12	14	2	*	5.23
	AGBRC1160	33	34	1	*	2.11	74
	and	42	57	15	*	5.59
	including	48	54	6	*	8.24
	AGBRC1171	62	65	3	*	3.58	66
	including	62	63	1	*	5.15
	AGBRC1172	39	41	2	*	1.72	50
	including	39	40	1	*	2.41
	AGBRC1173	5	13	8	*	1.06	50
	including	9	10	1	*	3.71
	AGBRC1174	11	17	6	*	1.32	50
	AGBRC1175	31	35	4	*	2.44	54
P7	AGBRC1142	1	11	10	*	2.35	72
	including	9	11	2	*	6.13
	and	14	15	1	*	10.22
MPN	AGBRC1199	1	2	1	0.9	16.56	70
	AGBRC1237	19	23	4	3.6	13.43	50
	including	21	23	2	1.8	24.66
	AGBRC1238	25	32	7	6.3	4.02	54
	including	25	27	2	1.8	12.54
	and	40	41	1	0.9	5.41
	and	45	48	3	2.7	1.96
SPN	AGBRC1333	4	7	3	2.7	2.35	59
SPN	and	40	42	2	1.8	2.13
WP	AGBRC1209	2	9	7	6.7	2.70	60
WP	including	2	4	2	1.9	5.67

* True widths unknown at this time

Qualified Persons

K. Kirk Woodman, P.Geo., General Manager Exploration is the Qualified Person overseeing Endeavour's exploration projects in Burkina Faso, C�te d'Ivoire and Mali has reviewed and approved this press release.

All Agbaou sample preparations and standard 40-gram gold fire assays were performed by Bureau Veritas Laboratories, Abidjan, C�te d'Ivoire. Endeavour consistently employs a rigorous quality control and assurance program comprising regular insertion of certified reference standards, blanks and duplicates.

Grade intervals reported in this press release are length weighted composites calculated for continuous individual assays ≥0.5g/t with up to 2m internal dilution.

About Endeavour Mining Corporation

Endeavour is a gold producer delivering growth. Endeavour owns two gold mines producing approximately 200,000 ounces per year in Ghana and Burkina Faso that are generating significant operating cash flows to fund exploration and development growth. In addition to upside potential at its current operations, Endeavour's third gold mine, Agbaou in C�te d'Ivoire, has entered the construction phase for an additional 100,000 ounces per year starting in Q1 2014. Endeavour has a strong financial base from which to invest in long-term operational growth, exploration to replace and increase reserves, and funding for acquisitions.

On August 7, 2012, Endeavour announced a definitive agreement to acquire Avion Gold (TSX:AVR) to become one of the largest West African gold mining companies with three producing mines, a fourth mine currently in construction, and an attractive pipeline of exploration and resource development properties. The Avion transaction is expected to close in October 2012.

Endeavour Mining Corporation is listed on the TSX (symbol EDV) and ASX (symbol EVR), and also trades on the OTCQX (symbol EDVMF).

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 of Collar Locations for Reported Holes

Hole ID	Easting m	Northing m	Elevation m	Azimuth degrees	Dip degrees	Final-Depth m
AGBRC1095	253486	673869	235	300	-60	104
AGBRC1104	253337	673905	227	300	-60	96
AGBRC1125	254105	674460	373	300	-60	60
AGBRC1126	254129	674448	373	300	-60	78
AGBRC1140	253498	674028	226	300	-60	63
AGBRC1142	253503	673739	262	300	-60	72
AGBRC1159	253305	674986	197	300	-60	62
AGBRC1160	253334	674970	202	300	-60	74
AGBRC1164	253841	673744	204	300	-60	54
AGBRC1168	252871	675187	209	300	-60	50
AGBRC1171	253357	674959	205	300	-60	66
AGBRC1172	253382	674943	209	300	-60	50
AGBRC1173	253408	674928	213	300	-60	50
AGBRC1174	253434	674912	215	300	-60	50
AGBRC1175	253460	674895	218	300	-60	54
AGBRC1181	253165	675028	213	300	-60	54
AGBRC1182	253106	674980	207	300	-60	59
AGBRC1183	253142	674962	198	300	-60	62
AGBRC1185	253089	674944	209	300	-60	58
AGBRC1186	252917	675228	204	300	-60	54
AGBRC1187	252941	675212	205	300	-60	54
AGBRC1188	252958	675252	206	300	-60	54
AGBRC1199	253654	674853	266	300	-60	70
AGBRC1201	253114	674938	192	300	-60	62
AGBRC1209	252746	674662	212	300	-60	60
AGBRC1237	254057	674698	332	300	-60	50
AGBRC1238	254080	674685	336	300	-60	54
AGBRC1313	253189	673674	240	300	-60	52
AGBRC1331	253316	673889	222	300	-60	51
AGBRC1333	253680	673891	219	300	-60	59

(Northing and Easting reported in WGS 84 UTM Zone 30N)

For additional information, contact:

Marla Gale
Vice President -- Investor Relations
+1 604 609 6117
mgale@endeavourmining.com

UK/Europe: Bobby Morse
Buchanan
+44 20 7466 5000
bobbym@buchanan.uk.com

Australia: David Ikin
Professional Public Relations
+61 8 9388 0944
david.ikin@ppr.com.au

Associated File: http://www.endeavourmining.com/i/pdf/2012-09-06_NR.pdf: 798 KB in size, approx. 2 minutes, 30 seconds to download at 56.6Kbps

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