TSX-listed Endeavour Mining Corp has announced a significant discovery at its Ity gold mine in Côte d’Ivoire as part of its on-going exploration drilling programme.
The Bakatouo discovery is located along the northern extension of the Zia Northeast and Walter deposits and extends over 800 m along strike and 250 m across strike. The mineralisation remains open at depth, to the south-west, and to the north-east.
The Ity gold mine in Côte d’Ivoire (photo: Endeavour Mining).
Similar to the Mount Ity and Zia Northeast deposits, the Bakatouo discovery is characterised by its high grade and close-to-surface oxide and fresh mineralisation suggesting potential to supplement both the existing heap leach operation and a future Carbon-in-Leach (CIL) project, for which a feasibility study is expected in Q4 2016.
Patrick Bouisset, Executive Vice-President Exploration and Growth of Endeavour, commented: “We are very pleased with this new near-mine Bakatouo discovery as we believe it has the potential to become one of Ity’s highest grade deposits. This discovery and the presence of numerous other near-mine targets continues to demonstrate the prolific nature of the Ity mine, which has already grown its M&I resources from 0,2 Moz to 3,1 Moz between 2012 and 2015. I firmly believe that the trend along which the Ity mine is located ranks amongst one of West-Africa’s most prospective areas with strong potential to make world-class discoveries.”
The discovery is the result of a 165-hole diamond-drilling programme totalling 20 417 m completed in Q3 2016, before the start of the rainy season. Intercepts include (true width): 9,65 m at 27,7 g/t including 1,13 m at 133,7 g/t; and 5,76 m at 17,9 g/t including 0,54 m at 121,9 g/t.
All available drill results are being interpreted and the geological model is being constructed, with a maiden resource estimate expected to be published during the fourth quarter of 2016. Endeavour will then assess which portion of the estimate can be included in the heap leach operation and which could be included as part of a future CIL project.
Ity has the longest operating history of any gold mine in Côte d'Ivoire, with gold first discovered near the village of Ity in the 1950s and the first modern gold production reported in 1991. It has produced more than 1,2 Moz of gold in its 20+ year operations. It is located approximately 480 km north-west of Abidjan.