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Be the first with the news that moves the market- Fortuna Silver Mines Inc. (FVI) is reporting its latest round of assay results as it looks to expand the resource at its Séguéla Gold Project
- The Vancouver-based precious metals explorer released assay results Monday showing up to 14.9 grams of gold per tonne over a true width of 14 metres
- Thus far, infill drilling has covered 4,560 metres of a 9,500-metre program
- Drilling testing continuity beyond existing pit optimization continues to intersect shallow high-grade mineralization
- Fortuna Silver Mines Inc. (FVI) is 10.23 percent, trading at $4.85 at 1:56 p.m. ET
Fortuna Silver Mines (FVI) reported its latest round of assay results as it looks to expand the resource at its Séguéla Gold Project in Côte d’Ivoire.
The Vancouver-based precious metals explorer released assay results Monday showing up to 14.9 grams of gold per tonne over a true width of 14 metres.
Thus far, infill drilling has covered 4,560 metres of a 9,500-metre program, which will incorporate a total of 30 drill holes.
Drilling testing continuity beyond existing pit optimization continues to intersect shallow high-grade mineralization.
Those areas were previously thought to contain lower grades based on earlier, wider-spaced drilling as the company continues attempting to expand the mineral deposit on the project.
“Infill drilling at Sunbird to upgrade resource confidence has commenced, with the first batch of results returning shallow high-grade intersections from modelled low-grade areas from within the pit optimization shell, including highlights such as 10.6 grams per tonne over a true width of 21.7 metres in drill hole SGRC1572 and 14.9 grams per tonne gold over a true width of 14 metres from drill hole SGRC1570,” said Senior Vice President of Exploration Paul Weedon.
“The focus at Sunbird is currently on upgrading its resource confidence with the ultimate intention of conversion to mineral reserves to expand Séguéla’s current 1.1 million ounces of gold reserves and nine-year life-of-mine. The Company is looking forward to the positive outcome of the program and the resumption of testing the high-grade depth potential beyond the current optimization shell limit.”
Drilling is scheduled to be completed in the second quarter of this year.
Optimization work and integration into the life of mine plan will also be done at the same time.
Further drilling to test the depth potential of the high-grade shoots previously identified plunging to the south is planned for the second half of the year.
Fortuna Silver Mines Inc. (FVI) is 10.23 percent, trading at $4.85 at 1:56 p.m. ET.
