Endeavour Mining Reports Positive Exploration Results at Youga Including 26m
at 1.9g/t and 12m at 2.8g/t
View News Release in PDF Format
All figures are in US dollars, unless otherwise indicated
George Town, Grand Cayman - Endeavour Mining Corporation
("Endeavour")(TSX:EDV) is pleased to report positive results from the
ongoing exploration at its Youga Gold Mine located in Burkina Faso, West
Africa.
Click on link below for map of Youga Mine and Exploration Targets
http://files.newswire.ca/910/Youga.pdf
Parallel Mineralization to the A2 East Zone
A drilling campaign was initiated on the hanging-wall side of the A2 East Zone
to explore for parallel mineralized zones following the previously reported positive
results from the Triple 'A' Zone (News Release dated February 17, 2011) which
is parallel and located to the east of the A2 Main Zone. The Triple 'A' Zone is
outside of the current pit limit and engineering studies are underway to
examine the potential impact of this mineralization on pit expansions. Drilling
for similar parallel structures along the north side of the A2 East Zone and
also in the gap area between the A2 Main and East pits has intersected
additional mineralization. Results from recently completed RC drilling reported
a number of significant intersections including; RC-11-286 with 4m @ 2.1g/t,
RC-11-288 with 7m @ 2.2g/t including 2m @ 5.0g/t, 4m @ 4.7g/t including 1m @
6.2g/t (at the end of the hole) and RC-11-289 with 26m @ 1.9/t including 2m @
4.3g/t (see Table 1).
Table 1 Hanging-Wall to the A2 East Zone 2011 RC Drilling Highlights
|
Hole ID
|
From
(m>
|
To
(m>
|
Length
(m>
|
Au Grade
(g/t)
|
|
RC-11-280
|
42
|
44
|
2
|
3.1
|
|
RC-11-283
|
40
|
49
|
9
|
1.2
|
|
including
|
47
|
49
|
2
|
3.4
|
|
RC-11-285
|
14
|
24
|
10
|
1.1
|
|
RC-11-286
|
85
|
89
|
4
|
2.1
|
|
including
|
85
|
86
|
1
|
3.8
|
|
RC-11-287
|
51
|
54
|
3
|
1.2
|
|
RC-11-288
|
47
|
51
|
4
|
1.8
|
|
including
|
47
|
48
|
1
|
4.6
|
|
and
|
53
|
57
|
4
|
1.0
|
|
and
|
59
|
66
|
7
|
2.2
|
|
including
|
59
|
61
|
2
|
5.0
|
|
and
|
69
|
75
|
6
|
1.1
|
|
and
|
96
|
*100
|
4
|
4.7
|
|
including
|
99
|
*100
|
1
|
6.2
|
|
RC-11-289
|
63
|
89
|
26
|
1.9
|
|
including
|
80
|
82
|
2
|
4.3
|
*denotes end of hole.
**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.
These results represent mineralization associated with previously unrecognized
structures in the hanging-wall of the A2 East deposit. Additional drilling has
been completed with results pending. More holes are planned on parallel
sections and to deepen some of the existing holes to further test the extents
of these zones.
Zergor�
The Zergor� deposit is located 2.5 kilometres east of the Youga plant and 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). A follow-up diamond and RC drilling campaign was initiated
on the extensions and also in gaps in the mineral resource.
Recent results from in-fill diamond drilling have confirmed the geological
model and reported a number of significant intersections including; YZ-11-29
with 12m @ 2.8g/t including 1m @ 28.2g/t and YZ-11-32 with 21m @ 1.6g/t
including 0.7m @ 9.2g/t(see Table 2).
Table 2 Zergor� 2011 Diamond Drilling Highlights
|
Hole ID
|
From
|
To
|
Length
|
True Width
|
Au Grade
|
|
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t)
|
|
YZ-11-27
|
100
|
101
|
1
|
1
|
34.0
|
|
YZ-11-29
|
1.1
|
15.8
|
14.7
|
12
|
2.8
|
|
including
|
4.1
|
5.1
|
1
|
1
|
28.2
|
|
YZ-11-31
|
85.4
|
95.7
|
10.3
|
8
|
1.7
|
|
including
|
88.4
|
89.4
|
1
|
1
|
9.9
|
|
YZ-11-32
|
76.1
|
102.4
|
26.3
|
21
|
1.6
|
|
including
|
99.7
|
100.4
|
0.7
|
0.7
|
9.2
|
|
YZ-11-33
|
65
|
78.5
|
13.5
|
11
|
2.3
|
|
including
|
73.6
|
74.5
|
0.9
|
0.9
|
9.2
|
|
YZ-11-34
|
37.1
|
44.1
|
7
|
6
|
2.7
|
|
including
|
38.2
|
39.2
|
1
|
1
|
6.1
|
|
YZ-11-35
|
59.8
|
75.4
|
15.6
|
12
|
2.0
|
|
including
|
66.3
|
68.3
|
2
|
2
|
5.1
|
|
YZ-11-36
|
0.2
|
11.5
|
11.3
|
9
|
2.0
|
|
including
|
8.5
|
10.5
|
2
|
2
|
7.3
|
|
YZ-11-45
|
24.5
|
28.05
|
3.55
|
3
|
3.8
|
|
and
|
30.85
|
31.7
|
0.85
|
1
|
18.2
|
|
YZ-11-46
|
23
|
29.8
|
6.8
|
5
|
2.0
|
|
including
|
25
|
26.1
|
1.1
|
1
|
7.3
|
|
and
|
60.9
|
74
|
13.1
|
10
|
1.9
|
|
including
|
71
|
73
|
2
|
2
|
3.9
|
Diamond drill holes for samples for metallurgical testwork are underway on the
Zergore, A2NE, Nanga and Tail zones. The testwork will be part of ongoing
engineering studies on advancing these mineral resources towards mineral
reserves.
Exploration Campaign Progress
The 2011 exploration campaign was planned to drill test a total of 17 targets
and drilling to date is well underway on nine of these targets. In addition
five new targets have been identified during prospecting, mapping and review of
geochemical surveys with exploration programs to be developed to test these
targets in 2011.
Neil Woodyer, Chief Executive Officer commented "We are pleased with the
results to date and look forward to additional positive results from the
exploration program and the work to establish additional mineral resources over
the next few months."
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 3.5 kilometres
of the Youga Plant, Endeavour has committed $10 million to the exploration
program in 2011.
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.
The common shares of Endeavour Mining Corporation are traded on the Toronto
Stock Exchange under the symbol "EDV".
For additional information, please visit our corporate website at www.endeavourmining.com.
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
email: sroberts@endeavourmining.com