| Announcement Date: | 2022-12-05 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Fortuna Silver Mines Inc. |
| Project name: | Seguela |
| Location: | Ivory Coast |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, December 5, 2022– Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to provide an update on its exploration program at the Séguéla gold Project located in Côte d’Ivoire. Sunbird´s new resource estimation is in addition to Séguéla’s current Mineral Reserves of 12.1 Mt averaging 2.80 g/t Au containing 1.09 Moz (refer to Fortuna´s news release dated March 17, 2022). Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “Drilling at Séguéla has continued to highlight the exploration potential of the project including the definition of a maiden Indicated Mineral Resource and a substantial increase in the Inferred Mineral Resource at the Sunbird Deposit. Successful regional exploration work has identified two new prosects, at Barana and Badior, and additional high-grade results from Kestrel”. Mr. Weedon continued, “Ongoing extension drilling at Sunbird continues to expand the mineralized footprint, extending the southern high-grade shoot a further 75 meters along strike with drill hole SGDD109 intersecting 10.2 g/t gold over a true width of 9.1 meters and drill hole SGDD110 intersecting 10.2 g/t gold over a true width of 7.0 meters. Additionally, drilling has also confirmed the continuity of mineralization |
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