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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: onepath who wrote (71681)	9/12/2011 4:24:04 PM
From: roymario	Read Replies (1) \| Respond to of 78407

Endeavour Mining drills 10 m of 10.9 g/t Au at Agbaou 2011-09-12 10:09 ET - News Release Mr. Neil Woodyer reports ENDEAVOUR MINING REPORTS POSITIVE DRILL RESULTS AT AGBAOU INCLUDING 10 METRES AT 10.9 G/T Endeavour Mining Corp. has released results from the continuing drilling at its Agbaou gold project located in Cote d'Ivoire, West Africa. Neil Woodyer stated: "We continue to be very encouraged by the results at Agbaou, and I am pleased to see this additional potential being developed. Any additions to reserves that may arise from this latest round of work can only serve to enhance the project." Infill drill program The 7,000-metre infill portion of the drilling program at the Agbaou feasibility-stage project in Cote d'Ivoire was completed in August, 2011, and all results have now been received. A total of 63 holes were drilled in the main deposit and 22 holes were drilled in the south deposit. The results have consistently demonstrated continuity of grades and widths and confirmed the quality and interpretation of the mineralized zones within the deposits. Intersections include 10 metres at 10.90 grams per tonne gold and 12 metres at 7.51 g/t gold. Additional highlights with true widths are provided in a table. AGBAOU MAIN INFILL DRILLING HIGHLIGHTS Hole ID From To Length True width Au grade (m) (m) (m) (m) (g/t) AGBRC483 20 28 8 6.8 7.11 including 24 28 4 3.4 10.79 AGBRC484 14 26 12 10.2 1.78 including 14 16 2 1.7 8.61 and 36 46 10 8.5 10.90 including 38 44 6 5.1 16.39 AGBRC485 0 8 8 6.8 5.17 including 6 8 2 1.7 18.04 AGBRC486 10 20 10 8.5 4.17 including 16 20 4 3.4 7.59 AGBRC487 10 14 4 3.4 1.60 AGBRC488 18 28 10 8.5 2.88 including 24 26 2 1.7 9.62 AGBRC489 10 12 2 1.7 4.37 AGBRC490 44 58 14 11.9 3.54 including 48 50 2 1.7 15.08 AGBRC491 36 54 18 15.3 3.57 including 38 44 6 5.1 8.56 AGBRC492 56 60 4 3.4 17.60 AGBRC493 44 48 4 3.4 2.06 and 70 82 12 10.2 4.67 including 72 78 6 5.1 7.37 AGBRC494 32 34 2 1.7 19.95 and 50 54 4 3.4 1.29 and 70 84 14 11.9 4.43 including 70 76 6 5.1 8.30 AGBRC495 80 102 22 18.7 5.49 including 84 86 2 1.7 21.67 AGBRC496 106 112 6 5.1 1.46 AGBRC497 82 94 12 10.2 7.51 including 88 92 4 3.4 12.98 AGBRC498 46 48 2 1.7 8.54 and 84 98 14 11.9 5.45 including 88 92 4 3.4 12.11 AGBRC499 76 84 8 6.8 3.75 including 78 80 2 1.7 7.06 AGBRC500 66 74 8 6.8 2.30 including 66 70 4 3.4 3.98 AGBRC501 32 34 2 1.7 7.34 and 88 98 10 8.5 2.91 including 92 96 4 3.4 5.83 AGBRC502 18 28 10 8.5 2.09 including 22 24 2 1.7 4.96 and 40 54 14 11.9 2.02 including 52 54 2 1.7 4.08 AGBRC503 50 56 6 5.1 1.72 including 54 56 2 1.7 4.06 and 70 74 4 3.4 8.37 AGBRC504 74 76 2 1.7 11.52 AGBRC505 70 76 6 5.1 1.22 These new results are currently being incorporated into the database and will reduce the nominal drill spacing down to 20 metres by 20 metres over an area covering 200 metres by 260 metres of the main deposit. The results will reduce the spacing down to 60 metres by 180 metres of the south deposit. The area of infill drilling represents approximately 38 per cent of the deposit area. These additional data will be the basis for a revised resource estimate planned to improve classification of portions of the mineral resource from indicated to measured. Condemnation/exploration drill program The condemnation/exploration program resumed in August, 2011, and a second drill rig was added to expedite the program, which was completed in late August, 2011. A total of 12,914 metres in 250 holes were completed, and assays have been reported for 60 per cent of the program. Initial results from this program had outlined six targets for further investigation (news release dated Aug. 3, 2011). The most recent reverse circulation drill results combined with a review of 2010 RAB drilling have identified four additional targets for further drilling. New RC drilling results include 14 metres at 2.69 grams per tonne gold, and 22 metres at 3.66 g/t gold including two metres at 14.05 g/t gold. Additional highlights are provided in a table. The RAB drilling results from 2010 were reviewed in light of the positive RC drilling and were used to highlight other areas that warrant further drilling. Results include six metres at 1.04 g/t gold. Additional highlights are provided in a table. AGBAOU MAIN CONDEMNATION/EXPLORATION DRILLING HIGHLIGHTS Hole ID From To Length Gold grade (m) (m) (m) (g/t) AGBRC384 3 15 12 0.66 AGBRC387 0 6 6 0.88 AGBRC388 3 6 3 1.42 AGBRC397 12 15 3 2.04 AGBRC599 36 38 2 1.06 and 44 46 2 6.71 AGBRC600 8 22 14 2.69 including 20 22 2 14.45 and 24 46 22 3.66 including 38 40 2 14.05 AGBRC601 0 14 14 1.25 and 12 14 2 4.18 AGBRC602 2 8 6 0.69 AGBAOU RAB DRILLING HIGHLIGHTS Hole ID From To Length Gold grade (m) (m) (m) (g/t) AGBRB047 0 3 3 0.75 AGBRB048 0 3 3 0.68 AGBRB049 0 6 6 0.86 AGBRB050 3 9 6 1.04 AGBRB051 0 6 6 0.97 Additional exploration campaign The initial 2011 condemnation/exploration drill campaign was planned to test the areas of significant mine infrastructure and resulted in the identification of a combined total of 10 new targets, including the one target based on RAB drilling. This prompted Endeavour to allocate an additional $800,000 (U.S.) budget to complete an additional 9,500 metres of RC drilling to further test these targets. This additional drilling is being completed in two phases. Phase one is a series of fences of holes that flank these targets and provide 100-metre spacing between intersections, which are currently on lines 300 metres apart. Phase 2 is a 100-metre step-out from the phase-one holes and will be adjusted based on the phase-one results. Drilling has already commenced on phase one of this additional campaign using the two RC rigs already on site. Mine development Endeavour is also pleased to announce that Senet, a South African engineering company, has been engaged to update the Agbaou project in support of development studies. Qualified person K. Kirk Woodman, PGeo, head of exploration, is the qualified person overseeing Endeavour's exploration projects in West Africa and has reviewed and approved this news release. All sample preparations and standard 50-gram gold fire assays were performed by Bureau Veritas Laboratories, Abidjan, Cote d'Ivoire. Endeavour consistently employs a rigorous quality control and assurance program comprising regular insertion of certified reference standards, blanks and duplicates.