AMN - BURKINA FASO: High-grade Houndé gold discoveries

Endeavour Mining's ongoing exploration at its operating Houndé Gold Project in Burkina Faso has extended high-grade mineralisation at Kari Pump and discovered two new large mineralised zones named Kari Centre and Kari West.

Following the Kari Pump discovery, announced on November 13, 2017, exploration efforts were prioritised on the wider Kari area which hosts a large gold-in-soil geochemical anomaly covering a 6km by 2.5km area.

Kari is only 7km west of the processing plant and in proximity to an existing haul road that will be used to transport ore from Bouéré.

More than 1000 holes comprising 76,000 metres have been drilled in the Kari area since late December, extending the mineralised zone to a very large area now measuring 4km long and 3km wide, with about 25% of the gold-in-soil anomaly remaining to be drilled.

Executive president Exploration and Growth Patrick Bouisset said: "Following the initial discovery made last year, we have undertaken an extensive drilling campaign on the wider Kari target due to its potential size and higher-grade nature.

"With more than half of the planned 141,000-metre drilling program complete, we are extremely pleased with the results as they validate its potential and we are eager to delineate a first maiden resource on the Kari Pump area by year-end."

President and CEO Sebastien de Montessus said: "With Houndé ramped-up and the plant performing above nameplate capacity, we are now eager to pursue additional upside from exploration.

"These new discoveries provide confidence in achieving our strategic objective of maintaining a steady production profile at an attractive all-in sustaining cost over at least 10-years."

The Kari Centre discovery extends 1.2km along strike and across a width of over 200 metres, with mineralisation open at depth.

The Kari West high-grade discovery extends at least 1km along strike and across a width of 500 metres, with mineralisation open at depth and towards Kari Pump.

A further 65,000 metres of drilling is underway to delineate and extend the three discoveries made, with infill drilling planned on the Kari Pump target to obtain a maiden resource by year-end.

Endeavour operates five mines across Côte d'Ivoire (Agbaou and Ity), Burkina Faso (Houndé, Karma), and Mali (Tabakoto) which are expected to produce 670,000-720,000 ounces in 2018 at an AISC of $840-890/ounce.

www.endeavourmining.com