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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.


TSX:EDV - Post by User

Bullboard Posts
Post by chalkmarkson May 31, 2011 10:35am
323 Views
Post# 18649286

Canaccord Still Likes

Canaccord Still Likes

From this mornings MC:

Endeavour Mining* (EDV : TSX : $2.38), Net Change: 0.10, % Change: 4.39%, Volume: 82,861

Working. Endeavour Mining strengthened on new drill results from its Youga project in Burkina Faso, West Africa. The

company reported results from the Triple A zone (a parallel zone to the A2 Zone) and from the Zergore deposit. Highlights from

the Triple A Zone include 26 m at 1.9 g/t gold and 7 m at 2.2 g/t gold. The seven drill holes reported returned 1-26 m grading

1.0-6.2 g/t gold. There is currently no resource estimated at Triple A. Highlights from the Zergore deposit include 21 m at 1.6

g/t gold and 12 m at 2.8 g/t gold. The ten drill holes reported returned 1-21 m grading 2.0-28.2 g/t gold. There are currently

95,000 ounces of gold estimated at Zergore. These drill results support the current resource at Zergore and demonstrate the

potential for new resources to be delineated at the Triple A zone. CEO Neil Woodyer commented, "We are pleased with the

results to date and look forward to additional positive results from the exploration program and the work to establish additional

mineral resources over the next few months." Endeavour’s 2011 exploration campaign was planned to drill test a total of 17

targets and drilling to date is well underway on nine of these targets. Additionally, five new targets have been identified during

prospecting, mapping and review of geochemical surveys with exploration programs to be developed to test these targets in

2011. Canaccord Genuity Mining Analyst Nicholas Campbell is bullish on the name as he expects to see a revaluation of

Endeavour shares through 2011 as the company executes on its growth strategy and diversifies its production base.

Canaccord wants to see the river card, apparently...

Bullboard Posts