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Fortuna Silver Mines Inc.
Summary
| Project: | Lindero | |
|---|---|---|
| Deposit: | Lindero | |
| Location: | Argentina | |
| Commodities: | Gold-Copper | |
| Date: | 4/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 4-4-2019: Fortuna Silver Mines Inc. announces a Resource Estimation report for its Lindero deposit at the Lindero project. Updated mineral resource and reserve estimate at the project. Vancouver, April 4, 2019-- Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX | |
| Resources: | (Reserve, P+P): 84.226Mt @ 0.63g/t Au, 0.11% Cu | |
| CP/QP: | [Resources]: Eric Chapman (Internal) | |
| ABSTRACT: | Vancouver, April 4, 2019-- Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to provide its updated estimated gold doré production plan for the first year of commercial production and an updated Mineral Reserve and Mineral Resource estimate as of March 31, 2019 for the Lindero Project located in Argentina. Jorge A. Ganoza, President and CEO, commented, “Based on the results of the 2018 infill drill program and optimization of our mine plan, we have been able to identify higher grade mineralized areas for mining in Lindero´s first year of commercial production.” Mr. Ganoza added, “As we conduct additional studies on expanding the leach pad facility, the Company will be in a position to assess the ability to upgrade material from measured and indicated resources to reserves.” Mineral Reserves and Mineral Resources are reported as of March 31, 2019 based on 212 diamond drill holes totaling 44,550 meters. The estimates incorporate an updated geological interpretation based on the infill drilling conducted in 2018 (see Fortuna news release dated September 6, 2018), updated metal prices and estimated operating costs. The updated technical information does not materially change the information presented in the Technical Report entitled “Fortuna Silver Mines Inc.: Lindero Property, Salta Province, Argentina”, with an effective date of October 31, 2017 prepared by Eric Chapman, Edwin Gutierrez, Geoff Allard, and Denys Parra Murrugarra (“Technical Report”). Mineral Resource estimation involved the usage of drill hole samples in conjunction with surface mapping to construct three-dimensional wireframes defining lithologic, alteration, and grade domains. Samples were selected inside these wireframes, coded, composited and top cut. | |
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