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Fortuna Silver Mines Inc.

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Summary

Project:

San Jose Mine

Deposit:San Jose Mine
Location:Mexico
Commodities:Silver-Gold
Date:2/1/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:1-2-2017: Fortuna Silver Mines Inc. announces a Resource Estimation report for its San Jose Mine deposit at the San Jose Mine project. Amended report on mineral resources and ore reserves at project. This Technical Report has been prepared by Fortuna Silv
Resources:(Reserve, P+P): 3.78Mt @ 232g/t Ag, 1.73g/t Au at project
CP/QP:[Resources]: Eric Chapman (Internal)
ABSTRACT:This Technical Report has been prepared by Fortuna Silver Mines Inc. (Fortuna) in accordance with the disclosure requirements of Canadian National Instrument 43-101 (NI 43-101) to disclose recent technical and scientific information about the San Jose Property. This information has resulted from additional underground development and sampling, exploration drilling, production related depletion, updated Mineral Resource and Reserve estimates and the commissioning of an upgraded plant to increase production to 3,000 tonnes per day (tpd). Information contained within this section has been reproduced and updated where necessary from previous Technical Reports (Chapman & Kelly, 2013), (CAM, 2010b) (Lechner and Earnest, 2009), (Hester and Ray, 2007). The San Jose Property is 100 percent owned by Fortuna and is located approximately 47 km by road from Oaxaca in the state of Oaxaca, Mexico. The mineral rights of the San Jose Property are held by Compania Minera Cuzcatlan S.A. de C.V. (Minera Cuzcatlan). Minera Cuzcatlan is a Mexican subsidiary 100 percent owned by Fortuna and is responsible for running the San Jose operation. The San Jose Property was purchased in 2006 by Minera Cuzcatlan and placed into commercial production in September of 2011, with production levels increasing to 3,000 tpd in July 2016.

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