Modern Mining

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March 2016 MODERN MINING 7
MINING News
True Gold Mining Inc, listed on the TSX-V,
has entered into a definitive arrangement
agreement with TSX-listed Endeavour
Mining Corporation in terms of which
Endeavour will acquire all of the issued
and outstanding common shares of True
Gold in an all-share transaction to be
completed by way of a statutory plan
of arrangement. True Gold’s principal
asset is the Karma mine in Burkina Faso,
a low cost, heap leach gold mine nearing
production.
True Gold says the transaction allows it
to reach its strategic objective of becom-
ing an intermediate gold producer. The
Karma gold mine will become a corner-
stone asset within Endeavour’s existing
portfolio of four operating mines along
with its fully permitted and construction
ready Houndé project. The combined
company will also benefit from having one
of the largest and most prospective explo-
ration land packages in West Africa, along
with Endeavour’s operating and executive
team’s significant in-country and regional
experience.
In a recent update on the Karma proj-
ect, True Gold said construction was
approximately 94 % complete with com-
missioning being the major activity on
site. Over 500 000 tonnes of stockpiled
ore will provide the initial feed to the fully
commissioned soft rock crusher, agglom-
eration and stacking circuit.
“With construction nearing comple-
tion and commissioning underway, our
team is now focusing on ramping up to
commercial production,” stated Christian
Milau, President and CEO of True Gold.
“Our mining team has been in full opera-
tion for the past four months, starting with
pre-stripping waste and now stockpiling
ore. Our processing team has successfully
commissioned the ore crushing to stack-
ing circuit, and we are in the final stretch
of process plant completion in prepara-
tion for plant commissioning. It’s incredibly
exciting to be on the eve of a major com-
pany milestone.”
Ore has been introduced into the
crushing and agglomerating circuits, and
True Gold to combine with Endeavour Mining
agglomerated ore is being stacked on the
leach pad.
Piping and solution collection systems
for leach pad cells 1 to 3 have been com-
pleted with the installation of the last of
the HDPE lining for the pad to pond inter-
face. Cell 1 is receiving agglomerated ore,
while Cells 2 and 3 will be completed in the
coming weeks, with final placement of the
drainage layer underway. Cells 4 through 9
are levelled and are ready for HDPE lining
installation.
Phase I of the grade control drilling pro-
gramme for the Goulagou II pit has been
successfully completed and the results are
consistent with the anticipated tonnage
and grade for the volume drilled. 
A Komatsu PC3000 loads a Komatsu 785 haul truck at Karma’s Goulagou II pit (photo: True Gold).