BURKINA FASO – Endeavour Mining Corp. has held the official groundbreaking ceremony to mark the beginning of work on the Hounde gold project.
The company said that more than 10,000 people attended the ceremony, including the president of Burkina Faso, the prime minister, the minister of energy, mines and carriers, numerous other government ministers, officials and diplomats, senior community representatives and members, as well as Endeavour’s executive management, its chairman of the board, and Hounde employees.
Hounde is expected to be the company’s flagship, low cost producer and an important gold mine in the country. Construction began two months ago in preparation for pouring the first doré bar in Q4 2017. A 3.0 million t/y open pit and mill (gravity and carbon-in-leach) is to be built. The project will employ up to 1,800 people during construction, and create 470 permanent jobs during the life of the project. Construction costs are estimated at US$328 million.
The Hounde project has proven and probable reserves of 30.6 million tonnes grading 2.1 g/t Au and containing 2.1 million oz of gold. The measured and indicated resources (including reserves) total 37.9 million tonnes at 2.21 g/t, and the inferred resource is 3.2 million tonnes at 2.6 g/t Au.
Pictures from the Hounde groundbreaking ceremony are available at www.EndeavourMining.com/operations/hounde-project.