Endomines expanded its activities to North America through the acquisition of TVL Gold LLC (now Endomines Idaho LLC), which holds five gold projects in Idaho, USA. The known resources in the Idaho projects amount to over 500,000 oz gold, in addition to which the exploration potential in the area is significant.
Endomines aims to start production at the first of the Idaho projects, Friday, within a year from the acquisition, i.e. before the end of Q1 2019. Subject to further exploration and planning the other four projects, Rescue, Kimberly, Buffalo Gulch and Deadwood, are estimated to be taken into production within the next 2–5 years.
To date, the key achievements relating to the Friday mine include metallurgical testing, in which gold recoveries of over 90 per cent have been consistently achieved. The ore has also proven very amenable to flotation concentration, and further studies to optimize the concentrate grade are being carried out. Process design is also ongoing for equipment selection.
The planned underground operations of the Friday mine are already permitted. Permitting of the plant site is ongoing, and it is currently estimated that construction at the site could commence during the second quarter of 2018. Permits required for operating the plant are anticipated to be obtained during the current year. The permitting process is estimated to be relatively fast, as the planned initial processing volumes of up to 150 tonne of ore per day will allow operation under applicable State of Idaho exemptions for small mines.
Endomines expects production at the Friday mine to amount to around 9,000 oz gold per year for more than seven years of production.
Endomines Idaho in brief:
- Focused on mining and developing the 40-kilometer-long Orogrande Mining District in Idaho
- 3 of the 4 largest projects in the District in portfolio
- Total claim area 15.9 km2
- 140 years of history in mining in the area