Jan 25 2011
Endeavour Mining Corporation has reported positive results from exploration on its Youga Gold Mine located in Burkina Faso, West Africa.
The focused 2010 exploration campaign identified several new resource targets including the A2NE and LeDuc Zones. These targets are located within the existing Youga Mine Permit and within 3 kilometres of the Youga Plant.
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, Endeavour has expanded the program and committed a further US$10 million in 2011.
A2NE
The A2NE target is located three kilometres to the northeast of the Youga plant. The 2010 program included reverse-circulation ("RC") and diamond drilling along a 350 metre strike. All 52 holes intersected mineralization and were successful in establishing the continuity of the deposit.
Results from the recently completed RC step-out drilling at A2NE reported several high-grade intersections including; YNRC-045 with 5m @ 24.9g/t including 1m @ 107g/t, YNRC-040 with 9m @ 4.8g/t including 3m @ 13.4g/t and YNRC-048 with 8m @ 1.5g/t including 1m @ 4.1g/t.
These results represent an additional 300 metres of strike length on the western end of the portion of this deposit which is currently undergoing resource evaluation.
LeDuc
The LeDuc target is situated three kilometres southwest of the Youga plant. The RC program on the LeDuc zone was only partially completed prior to the year-end break. Highlights from the reported intersections include; YLRC-008 with 20m @ 1.7g/t, YLRC-001 with 22m @ 1.0g/t including 2m @ 3.1g/t and YLRC-010 with 21m @ 1.1g/t. The completion of this program and follow up on the initial results is planned for 2011.
Accelerated Exploration Campaign at Youga Mine and Youga Gold Belt in 2011
Building on the success of the 2010 Youga exploration campaign, Endeavour has committed a further US$10 million in 2011 to accelerate its exploration and resource delineation campaign with the objective of increasing mineral resources and reserves that will extend the Youga mine life. The 2011 program includes in excess of 50,000 metres of combined RC and diamond drilling.
Follow-up and infill drilling is currently underway on these new drill targets and additional mineral resources will be reported in during Q1 2011.
Qualified Persons
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.
Adrian De Freitas, C.Eng., General Manager, Youga Mine is the Qualified Person overseeing production and development in West Africa and has reviewed and approved this press release.
Source:
Endeavour Mining Corporation