Canadian company Endeavour Mining has increased the indicated resource at the Fetekro gold project in Côte d’Ivoire by 14% to 1.2 million ounces.
Fetekro is a greenfield exploration project and according to Sébastien de Montessus, president and CEO of Endeavour, Fetekro’s resource scale has reached an important milestone as it is now similar in size and grade to that of the company’s Agbaou mine, also in Côte d’Ivoire, when it started production in 2014.
“We are therefore eager to advance our exploration efforts to continue to grow the resource base while initiating various environmental and technical studies,” says de Montessus.
Endeavour began exploration on the Fetekro property in March 2017, following a strategic assessment of its exploration tenements which ranked the property as a top priority target. The majority of drilling to-date has focused on the Lafigué target where a maiden resource was published on October 29, 2018, based on 32 000m drilled. Since then approximately
35 000m have been drilled to infill and extend the Lafigué deposit, which led to a 0.7Moz increase in Indicated resources while increasing the average grade by 13% to 2.54g/t of gold.
The Lafigué resource estimate now encompasses a mineralised area extending 2.2km long by 0.6km wide which remains open at depth and towards the southeast. At least
30 000m of additional drilling is scheduled to begin towards the end of 2019.