Fortuna unveils maiden 350 000 oz inferred resource at Séguéla project

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Fortuna unveils maiden 350 000 oz inferred resource at Séguéla project

Dual-listed Fortuna Silver Mines has announced a maiden inferred mineral resource estimate of 350 000 oz at 3.16 g/t gold at the Sunbird discovery at its Séguéla project, in Côte d´Ivoire.

The Sunbird discovery remains open along strike and at depth, providing excellent potential for additional growth based on the ongoing expansion drilling programme under way. The inferred resource will not materially change the existing mineral resource estimate at Séguéla or impact on its construction plan. The Sunbird deposit is about 1.5 km to the southeast of the Antenna deposit at Séguéla.

Resolution

“We regard the definition of the Sunbird deposit as a single step in the discovery journey with many more exploration targets identified and yet to be tested,” said Senior VP of exploration, Paul Weedon.

In September of 2021, the Company made a construction decision to proceed to build a 3,750 tonnes per day open pit mine at the Séguéla gold Project, with first gold pour expected in mid-2023. Exploration drilling at the Séguéla gold Project continues to advance the Sunbird Prospect with a recently completed 7-hole, 1,887-meter program testing the continuity of mineralization at depth and along strike to the south.

Drilling was primarily focused on providing better resolution of the extent of the central high-grade core identified in earlier drilling ahead of the anticipated preparation of a maiden mineral inferred resource estimate, with assays highlighting the continuity of the mineralization.

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