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Property NewsSeptember 12, 2011 Endeavour Mining Corporation reported results from the ongoing drilling at its Agbaou Gold project located in Côte d’Ivoire, West Africa. Figure 3 – Bitou Permit, Burkina Faso August 3, 2011 Endeavour Mining Corporation announced exploration results on development projects in Côte d’Ivoire and Burkina Faso, and operational results for the second quarter of 2011. October 14, 2009 Etruscan Resources announced the completion of an update of its December 2008 feasibility study of the Agbaou Gold project which has resulted in a significant increase in both the reserves and the project economics. For the update, the gold price assumption for economic modeling and pit optimization was set at $1,000/oz versus $850/oz (pit at $750/oz) in the past feasibility study. This change resulted in an increase in reserve ounces to 731,000 ounces, a 29% increase from the past study, and a pre-tax project internal rate of return (IRR) of 24.9% based on 100% equity financing |
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