In addition to the Youga Gold Belt, Endeavour has strategic land positions in two additional greenstone belts in Burkina Faso:
Banfora Gold Belt - Burkina Faso West
The Banfora Gold Belt located in western Burkina Faso extends for over 150 kilometres and continues into Côte d'Ivoire, where significant gold occurrences have been reported. Endeavour holds an interest in six exploration permits along the Banfora Gold Belt covering over 600 square kilometres.
The Banfora Gold Belt is one of the most under-explored volcano-sedimentary belts in Burkina Faso. Limited regional mapping and geochemical surveys were carried out in the belt by junior explorers in the mid-late 90's. In recent years, gold digging activity (orpailleur fields) has been undertaken in the northern parts of the belt. Endeavour has conducted regional exploration over the Banfora Gold Belt. Follow-up pitting and auger drilling has delineated four primary and eight secondary drill targets. Drill-ready targets on the Comoé Permit include Phaco Hill (350 meter long target with 0.5 -4.1 g/t in rock samples coincident with a regional arsenic anomaly), and Siniko West (two targets comprising a 700 meter strike length with up to 1.3 g/t from pits and auger drilling). Additional regional soil targets remain to be tested with auger drilling.
In April 2010, the Company finalized a joint venture agreement with AusQuest Limited of Australia whereby AusQuest acquired an initial 51% of the Banfora project for US$1 million and has the right to acquire up to 80% over a six year period by sole funding US$7 million on the Banfora project. AusQuest will act as operator and has developed an initial 10,000 meter drill program to test eight targets identified by Endeavour.
Boromo Gold Belt - Burkina Faso North
Endeavour holds two permits under option in the Boromo gold belt, which hosts the Bissa Gold Deposit of High River Gold Mines Ltd. The Bissa Deposit hosts 1.1 million ounces of measured and indicated plus 483,000 ounces of inferred resource (High River Gold Mines Ltd., news release dated September 2010). Preliminary investigations by Endeavour on the Boulonga and Minina permits in the areas of active gold digging suggests that the potential exists for significant gold discoveries.
