- Fortuna Silver Mines Inc. (FVI) has announced its resource estimate for 350,000 inferred gold ounces on its Séguéla Project emphasized by high grades of gold
- The company’s work on the Séguéla Project keeps creating attractive mining targets
- Expansion drilling continues to intersect high-grade mineralization outside its initial target
- An additional 5,110 metre 15-hole programhas begun to extend the area’s potential
- Fortuna Silver Mines Inc. (FVI) is down 0.57 per cent and is trading at $4.35 per share as of 12:31 p.m. ET
Fortuna Silver Mines (FVI) has announced its resource estimate for 350,000 inferred gold ounces on its Séguéla Project.
Fortuna started its exploration on the Séguéla Project and continues discovering mining targets along the project’s key structural corridors.
According to the company, expansion drilling continues to intersect high-grade mineralization outside its initial target used for the maiden inferred mineral resource.
“Further drilling is underway to test these extensions, with drill hole SGRD1423, a further 100 metres down plunge, intersecting several points of visible gold,” Paul Weedon, Senior Vice President of Exploration, said.
Drilling has successfully intersected an interpreted continuation of the core high grade mineralization a further 100 metres down-plunge from previous intersections. Assays are pending for one additional hole which hit several points of visible gold another 100 metres down.
Aside from extending mineralization at depth, Fortuna’s drilling was also designed to further define the central high-grade core, with a total of eight holes consistently intersecting high grades.
“In addition to the exploration success at Sunbird this field season, target generation elsewhere on the Séguéla property has continued to grow the portfolio with several new very encouraging prospects identified,” Weedon said.
The company stated it has begun an additional 5,110 metre 15-hole program to extend the area’s potential, and four holes have already been completed.
Fortuna Silver Mines Inc. (FVI) is down 0.57 per cent and is trading at $4.35 per share as of 12:31 p.m. ET.