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Fortuna Silver Mines Inc.
Summary
| Project: | Lindero | |
|---|---|---|
| Deposit: | Lindero | |
| Location: | Argentina | |
| Commodities: | Gold-Copper | |
| Date: | 9/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 6-9-2018: Fortuna Silver Mines Inc. announces an Exploration/Drilling Update report for its Lindero deposit at the Lindero project. Drilling results incl. 66m @ 1.20g/t Au, 0.19% Cu from 0m. Vancouver, September 6, 2018 -- Fortuna Silver Mines Inc. (NYSE: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Eric Chapman (Internal) | |
| ABSTRACT: | Vancouver, September 6, 2018 -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to provide results for its infill drilling program at the Lindero Project in Argentina. The Lindero Project is under construction, and commercial operations are planned to start late in the third quarter of 2019, with an estimated gold production of 137,000 ounces of gold in the first full year of operation (Please refer to the Lindero Project Technical report dated October 31, 2017). Eric Chapman, Vice President of Technical Services, commented: "Infill drilling has been carried out with the express intention of improving the confidence in the estimated tonnes and grade of material planned for mining in year one at Lindero. The mineralized intercepts encountered have met or exceeded our expectations in 44 of the 61 holes drilled when compared to estimated block model gold grades as of September 9, 2017." Mr. Chapman continued, "Of particular interest are the results for drill holes LDH-138, LDH-139, and LDH-164 associated with the mingled diorite porphyry unit in the center of the deposit, in an area which was previously thought to be non-mineralized. The new drilling results are presently being incorporated into an updated internal estimate of Mineral Resources and Reserves with the intention of optimizing the mine plan to capture the benefits of these new results. Such updated technical information will not materially change the existing Mineral Resources estimates." The infill drilling program, consisting of 61 diamond drill holes totaling 1,952 meters, focused on the areas planned for mining at Lindero in year one with holes ranging from 12 meters to 68 meters in length. The program was designed with three objectives: to improve the estimation of grades in mineralized areas with lower density of drilling; to better define the contact between mineralized and non-mineralized material at the periphery of the deposit and at the boundaries between lithologic units; and to source fresh samples for complementary metallurgical column tests on Mineral Reserves scheduled for year one. A map showing 2018 infill drilling collar location and a longitudinal section showing updated drilling and 2017 block model can be found at the following links, respectively | |
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