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Fortuna Silver Mines Inc.
Summary
| Project: | Lindero | |
|---|---|---|
| Deposit: | Lindero | |
| Location: | Argentina | |
| Commodities: | Gold-Copper | |
| Date: | 2/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 22-2-2018: Fortuna Silver Mines Inc. announces a Resource Estimation report for its Lindero deposit at the Lindero project. 2017 annual Resource and Reserve statement. Vancouver, February 22, 2018-- Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is ple | |
| Resources: | (Reserve, P+P): 88.272Mt @ 0.62g/t Au at Lindero | |
| CP/QP: | [Resources]: Eric Chapman (Internal) | |
| ABSTRACT: | Vancouver, February 22, 2018-- Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to report updated Mineral Reserve and Mineral Resource estimates as of December 31, 2017 for the Caylloma Mine located in Peru, the San Jose Mine located in Mexico and the Lindero Project in Argentina. Jorge A. Ganoza, President and CEO, commented: “Our infill drill programs at San Jose and Caylloma mines were successful at replenishing reserves mined in 2017.” Mr. Ganoza continued, “In addition, the exploration programs over the last year at Caylloma have yielded a 92 percent increase in tonnes of Inferred Resources. This success underpins the potential for this mine to continue presenting opportunities to extend its life.” The Lindero Project has Proven and Probable Mineral Reserves of 88.3 Mt containing 1.7 Moz of gold, in addition to Inferred Resources of 5.7 Mt containing 0.07 Moz of gold (see Fortuna news release dated September 21, 2017). Year-over-year, Mineral Reserve tonnes increased 7 percent while gold grade decreased 2 percent to 0.62 g/t. Changes are primarily due to increases in the expected metallurgical recoveries based on updated testwork conducted in 2017, adjustments in projected processing and refining costs, and the conversion of Inferred Resources to Mineral Reserves due to the metallurgical infill drill program conducted in late 2016. | |
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