- Endeavour Mining (EDV) is releasing positive results from its Tanda-Iguela greenfield exploration property in Côte d’Ivoire
- The company releasing the maiden Mineral Resource Estimate (MRE) for the property, which it believes has the potential to be a flagship asset
- The U.K.-based mineral exploration firm owns a 100-percent-interest in the property
- The MRE came after an intensive drill program conducted through 2022
- Endeavour Mining is up 0.78 percent, trading at $27.01 at 11:26 am ET
Endeavour Mining (EDV) is releasing positive results from its Tanda-Iguela greenfield exploration property in Côte d’Ivoire.
The company releasing the maiden Mineral Resource Estimate (MRE) for the property, which it believes has the potential to be a flagship asset.
The U.K.-based mineral exploration firm owns a 100-percent-interest in the property.
The MRE came after an intensive drill program conducted through 2022.
The estimate now gives the property an indicated resource of 14.9Mt of gold at 2.33 grams per tonne for 1.1 million ounces and an inferred resource of 32.9Mt at 1.80 grams per tonne for 1.9 million ounces.
The company has also identified an additional 10 nearby targets at the property.
“We are thrilled with the maiden resource at our Tanda-Iguela greenfield property in Côte d’Ivoire.It ranks as one of the most significant discoveries made in West Africa over the last decade and shows potential to be another flagship asset for the company,” said President and CEO Sébastien de Montessus.
“This discovery builds on our recent success discovering the Lafigué project, where construction was recently launched and reinforces our ability to organically source our project pipeline through ongoing exploration success. Additionally, this discovery showcases West Africa’s geological potential, which is a key reason behind its rapid growth into the largest gold-producing region globally. As the largest gold producer in West Africa, we have developed a strong competitive advantage in the region, strategically positioning us to continue to unlock value over the long term.”
Endeavour Mining is up 0.78 percent, trading at $27.01 at 11:26 am ET.
