Fortuna intersects 88 g/t Au over 3.5m at the S?gu?la Mine and provides exploration update

2023-12-12 / @GlobeNewswire

 

VANCOUVER, British Columbia, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d’Ivoire, the recently acquired Diamba Sud Gold Project in Senegal, and the San Jose Mine in Mexico.

Exploration program highlights

Badior prospect, Séguéla Mine, Côte d’Ivoire:

SGRD1683:17.3 g/t Au over an estimated true width of 6.3 meters from 67 meters, including
49.5 g/t Au over an estimated true width of 1.4 meters from 67 meters
SGRC1682:16.7 g/t Au over an estimated true width of 5.6 meters from 65 meters, including
121.0 g/t Au over an estimated true width of 0.7 meters from 70 meters, and
13.0 g/t Au over an estimated true width of 2.1 meters from 83 meters
SGRD1689:10.7 g/t Au over an estimated true width of 2.1 meters from 159 meters, including
29.6 g/t Au over an estimated true width of 0.7 meters from 161 meters
  

Ancien deposit, Séguéla Mine, Côte d’Ivoire:

SGRD1657:27.1 g/t Au over an estimated true width of 7.7 meters from 239 meters, including
138.5 g/t Au over an estimated true width of 1.4 meters from 241 meters
SGRC1661:14.8 g/t Au over an estimated true width of 2.1 meters from 339 meters, and
22.9 g/t Au over an estimated true width of 15.4 meters from 347 meters, including
88.0 g/t Au over an estimated true width of 3.5 meters from 357 meters
SGRD1663:6.0 g/t Au over an estimated true width of 19.6 meters from 346 meters, including
13.0 g/t Au over an estimated true width of 1.4 meters from 352meters, and
16.4 g/t Au over an estimated true width of 1.4 meters from 358 meters, and
36.4 g/t Au over an estimated true width of 1.4 meters from 362 meters
SGRD1664:2.2 g/t Au over an estimated true width of 15.4 meters from 361 meters, including
11.3 g/t Au over an estimated true width of 0.7 meters from 368 meters, and
10.2 g/t Au over an estimated true width of 0.7 meters from 370 meters
  

Sunbird deposit, Séguéla Mine, Côte d’Ivoire:

SGRD1695:5.0 g/t Au over an estimated true width of 14.7 meters from 341 meters, including
27.7 g/t Au over an estimated true width of 2.1 meters from 347 meters
SGRC1698:4.9 g/t Au over an estimated true width of 8.4 meters from 200 meters
SGRD1696:4.9 g/t Au over an estimated true width of 3.5 meters from 235 meters, including
16.9 g/t Au over an estimated true width of 0.7 meters from 236 meters, and
6.2 g/t Au over an estimated true width of 1.4 meters from 263 meters
  

Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “With the successful commissioning and ramp-up of the Séguéla Mine, the exploration focus has been directed towards the regional potential, featuring the emerging Badior prospect. Recent results include drill hole SGRC1683 intersecting 17.3 g/t Au over an estimated true width of 6.3 meters. In addition, the exploration teams are building the foundation for potential long term underground mining at the Ancien and Sunbird deposits, encouraged by results such as drill hole SGRD1661 intersecting 22.9 g/t Au over an estimated true width of 15.4 meters at Ancien.”


Diamba Sud Gold Project, Senegal:

DSR503:7.5 g/t Au over an estimated true width of 16.2 meters from 75 meters
DSDD129:9.9 g/t Au over an estimated true width of 11.7 meters from 12 meters
DSR491:3.9 g/t Au over an estimated true width of 26.1 meters from 66 meters, and
5.8 g/t Au over an estimated true width of 13.5 meters from 104 meters
DSR490:3.1 g/t Au over an estimated true width of 29.7 meters from 7 meters
DSR506:3.0 g/t Au over an estimated true width of 23.4 meters from 36 meters, and
6.7 g/t Au over an estimated true width of 8.1 meters from 71 meters
DSDD131:9.1 g/t Au over an estimated true width of 5.6 meters from 96.4 meters
  

Mr. Weedon continued, “Exploration drilling at the recently acquired Diamba Sud Gold Project has returned very encouraging results from the initial confirmatory drilling at Area A, with results such as drill hole DSR490 intersecting 3.1 g/t Au over an estimated true width of 29.7 meters from 7 meters, while hole DSR487 highlights the potential to increase the overall footprint of the Area A prospect with an interval of 2.3 g/t Au over an interval of 15.3 meters, extending beyond the historic mine design limit. With the team on the ground operating well after the conclusion of the Diamba Sud acquisition, I am very happy with the progress as we look forward to advancing the project in 2024.”

Yessi vein, San Jose Mine, Mexico:

SJOM-1357:204 g/t Ag Eq over an estimated true width of 7.1 meters from 167.30 meters
SJOM-1366A:153 g/t Ag Eq over an estimated true width of 1.5 meters from 573.45 meters, and
258 g/t Ag Eq over an estimated true width of 1.0 meters from 636.40 meters
SJO-1417:858 g/t Ag Eq over an estimated true width of 0.5 meters from 579.55 meters
SJOM-1418:185 g/t Ag Eq over an estimated true width of 0.8 meters from 406.00 meters
SJOM-1428:545 g/t Ag Eq over an estimated true width of 17.0 meters from 342.75 meters
SJO-1430:1,431 g/t Ag Eq over an estimated true width of 1.1 meters from 593.50 meters, and
250 g/t Ag Eq over an estimated true width of 4.0 meters from 668.85 meters

SJO-1431:195 g/t Ag Eq over an estimated true width of 5.2 meters from 601.30 meters
  

Mr. Weedon also highlighted the continuing work at the San Jose Mine where drilling to define the recently discovered Yessi vein has provided further insights into the regional structural controls with encouraging results, including 1,431 g/t Ag Eq over an estimated true width of 1.1 meters and a further 250 g/t Ag Eq over an estimated true width of 4 meters from SJO-1430, and 545 g/t Ag Eq over an estimated true width of 17.0 meters from SJOM-1428. “The structural complexity of the Yessi vein helps validate the wider regional structural understanding and highlights opportunities for additional near-mine exploration targets.”

Séguéla Mine, Côte d’Ivoire

Drilling for increased geologic confidence and understanding of key high-grade controls at the Badior prospect was recently concluded, with 8 holes drilled totalling 1,691 meters (refer to Figure 1). Drilling has broadly outlined a gently northerly plunging high-grade lode which remains open at depth, with drill hole SGRD1689 intersecting 10.7 g/t Au over 2.1 meters from 159 meters downhole. The interpreted northerly plunge is unusual for mineralization at Séguéla which typically demonstrates a shallow to moderate southerly plunge, and which may represent a new or antithetic structural control. Further work is planned for 2024.

Figure 1: Badior long-section showing select recent results (looking west)
Badior long-section showing select recent results (looking west)

At Ancien, 9 holes for a total of 3,258 meters were completed (refer to Figure 2). This short program was designed to improve the understanding of the structural controls on the high-grade lodes hosting multiple intervals such as those intersected in drill holes SGRD1661 and SGRD1663. This increased geological confidence and understanding will help support an evaluation of the underground mining potential at Ancien, where the deposit remains open at depth. Further work is planned for 2024.

Figure 2: Ancien long-section showing select recent results (looking west)
Ancien long-section showing select recent results (looking west)

At Sunbird, a comprehensive infill drilling program consisting of 47 holes totaling 11,075 meters, was completed in August 2023 (refer to Fortuna news release dated August 8, 2023). The infill drilling was followed by a program to continue testing the extent of mineralization. Results were received for 8 holes totalling 2,100 meters completed in the southern section of the deposit (refer to Figure 3). This short program was designed to improve the understanding of the structural controls projected a further 200 meters down-plunge from the last drilling sections with encouraging results including SGRD1695 intersecting 5.0 g/t Au over an estimated true width of 14.7 meters from 341 meters downhole. This increased geological confidence and understanding will help support an evaluation of the underground mining potential at Sunbird, where the deposit remains open at depth. Further work is planned for 2024.

Refer to Appendix 1 for full details of the Séguéla drill holes and assay results.

Figure 3: Sunbird long-section showing select recent results (looking west)
Sunbird long-section showing select recent results (looking west)

Diamba Sud Gold Project, Senegal

At Diamba Sud, a 10,945-meter, three-drill rig drilling program started on October 8, 2023, with 34 holes completed for 4,976 total meters drilled to date. The objectives of the program are as follows:

  • Selected confirmatory drilling of Area A, Area D, and Karakara to improve resource confidence
  • Drilling to test for extensions to the existing historic resource in support of project development and advancing further studies in 2024
  • Advancing prospective areas such as Gamba Gamba North, Southern Arc, Western Splay,
    Area A North, and others
  • Improved understanding of key geological controls including controlling structures, favorable lithologies, alteration and secondary enrichment zones

The Area A prospect is structurally complex with interpreted supergene mineralization overlaying primary mineralization preferentially hosted in a broad sedimentary package, which has been intersected by steeper mineralized structures and folding. Mineralization remains open along strike and at depth, as demonstrated by drill hole DSR490 intersecting 1.3 g/t Au over an estimated true width of 7.2 meters from 176 meters, and an additional 1.0 g/t Au over an estimated true width of 18.9 meters from 188 meters, extending mineralization beyond the historic pit design (refer to Figures 4 - 6).

This program will continue for the remainder of 2023 with additional drilling programs, including regional exploration and target generation budgeted for 2024.

Refer to Appendix 2 for full details of the Diamba Sud Gold Project drill holes and assay results.

Figure 4: Diamba Sud Gold Project location plan
Diamba Sud Gold Project location plan


Figure 5: Area A drilling location plan
Area A drilling location plan


Figure 6: Area A cross section A - A’; refer to Figure 5 for location
Area A cross section A - A’; refer to Figure 5 for location

Figure 7: Area A cross section B - B’; refer to Figure 5 for location
Area A cross section B - B’; refer to Figure 5 for location

San Jose Mine, Mexico

Drilling of the recently discovered Yessi vein (refer to Fortuna news release filed on SEDAR+ on September 5, 2023) has continued with the objective of defining the structural relationship between the Yessi vein and the various systems at the San Jose Mine with 13 additional holes completed for a total of 7,444 meters.

Initially interpreted as an approximately north-south trending vein, recent drilling has highlighted the likelihood of the Yessi vein forming a north-northwest orientated link structure between the Victoria Mineralized Zone and an as yet undefined structure further eastwards, an interpretation supported by regional geophysical data. Drilling has been re-orientated to better target this revised orientation, with drilling continuing.

Mineralization remains open along strike to the southeast, whereas to the northwest the Yessi vein intersects the Victoria Mineralized Zone.

Refer to Appendix 3 for full details of the Yessi vein drill holes and assay results.

Figure 8: Plan view of the Yessi vein, San Jose Mine. Refer Figure 9 for the long-section view (A-A’).
Plan view of the Yessi vein, San Jose Mine. Refer Figure 9 for the long-section view (A-A’).

Figure 9: Long section view (A-A’) of the Yessi vein, San Jose Mine
Long section view (A-A’) of the Yessi vein, San Jose Mine

Quality Assurance & Quality Control (QA - QC)

Séguéla Mine, Côte d’Ivoire and Diamba Sud Gold Project, Senegal

All drilling data completed by the Company utilized the following procedures and methodologies. All drilling was carried out under the supervision of the Company’s personnel.

All RC drilling used a 5.25-inch face sampling pneumatic hammer with samples collected into 60-liter plastic bags. Samples were kept dry by maintaining enough air pressure to exclude groundwater inflow. If water ingress exceeded the air pressure, RC drilling was stopped, and drilling converted to diamond core tails. Once collected, RC samples were riffle split through a three-tier splitter to yield a
12.5% representative sample for submission to the analytical laboratory. The residual 87.5% samples were stored at the drill site until assay results were received and validated. Coarse reject samples for all mineralized samples corresponding to significant intervals are retained and stored on-site at the
Company-controlled core yard.

All diamond drilling (DD) drill holes at Séguéla were drilled with HQ sized diamond drill bits, whereas DD holes at Diamba Sud started with HQ sized diameter, before reducing to NQ diameter diamond drill bits on intersecting fresh rock. The core was logged, marked up for sampling using standard lengths of one meter or to a geological boundary. Samples were then cut into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the Company core yard at the project site. The other half was sampled, catalogued, and placed into sealed bags and securely stored at the site until shipment.

All Séguéla RC and DD core samples were shipped to ALS Laboratories’ preparation laboratory in Yamoussoukro for preparation and then, via commercial courier, to ALS’s facility in Ouagadougou, Burkina Faso for finishing. All Diamba Sud RC and DD samples were transported to ALS’s preparation laboratory in Kedougou, before also being transported via commercial courier, to ALS’s facility in Ouagadougou. Routine gold analysis using a 50-gram charge and fire assay with an atomic absorption finish was completed for all samples. Quality control procedures included the systematic insertion of blanks, duplicates, and sample standards into the sample stream. In addition, the ALS laboratory inserted its own quality control samples.

San Jose Mine, Mexico

All diamond drilling (DD) drill holes at San Jose were drilled with either NQ sized diameter (drilled from underground) or HQ sized diamond drill bits reducing to NQ sized diameter with greater depth. Following detailed geological and geotechnical logging, all diamond drill core samples are split on-site by diamond sawing. One half of the core is submitted to the internal laboratory located in the CMC facilities. The CMC laboratory has been accredited by the Standard Council of Canada (ISO 17025: 2017) for preparation, drying, gravimetry, fire assay, Inductively Coupled Plasma and Atomic Absorption processes. The remaining half core is retained on-site for verification and reference purposes. Following preparation, the samples are assayed for gold and silver by standard fire assay methods and for silver and base metals by Inductively Coupled Plasma and as well as three acid digestion at the same internal laboratory. The QA - QC program includes the blind insertion of certified reference standards and assay blanks at a frequency of approximately 1 per 20 normal samples as well as the inclusion of duplicate samples for verification of sampling and assay precision levels.

Qualified Person

Paul Weedon, Senior Vice President of Exploration for Fortuna Silver Mines Inc., is a Qualified Person as defined by National Instrument 43-101 being a member of the Australian Institute of Geoscientists (Membership #6001). Mr. Weedon has reviewed and approved the scientific and technical information contained in this news release. Mr. Weedon has verified the data disclosed, including the sampling, analytical and test data underlying the information or opinions contained herein by reviewing geochemical and geological databases and reviewing diamond drill core.  There were no limitations to the verification process.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Silver Mines Inc.

Investor Relations:

Carlos Baca | info@fortunasilver.com | www.fortunasilver.com | X | LinkedIn | YouTube

Forward-looking Statements

This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release include, without limitation, statements about the potential to increase the overall footprint of the Area A prospect and the Company’s plans for the Diamba Sud Gold Project in 2024; statements regarding potential long term underground development at Ancien and at Sunbird at the Séguéla Mine; the Company’s plans to conduct further work at Ancien and at Sunbird during 2024; the Company’s objectives for the current drilling program at the Diamba Sud Gold Project and expectations regarding additional drilling programs budgeted for 2024; the Company’s business strategy, plans and outlook; the merit of the Company’s mines and mineral properties; mineral resource and reserve estimates; timelines; the future financial or operating performance of the Company; expenditures; approvals and other matters. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations. Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; changes in prices for silver, gold and other metals; the timing and success of the Company’s proposed exploration programs; technological and operational hazards in Fortuna’s mining and mine development activities; risks inherent in mineral exploration; fluctuations in prices for energy, labour, materials, supplies and services; fluctuations in currencies; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; the possibility that the ruling in favor of Compañia Minera Cuzcatlan S.A. de C.V. to reinstate the environmental impact authorization at the San Jose Mine will be successfully appealed; the Company’s ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; governmental and other approvals; political unrest or instability in countries where Fortuna is active; labor relations issues; as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form for the financial year ended December 31, 2022. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to expectations regarding the results from the exploration programs conducted at the Séguéla Mine, the San Jose Mine, and the Diamba Sud Gold Project; expected trends in mineral prices and currency exchange rates; the accuracy of the Company’s information derived from its exploration programs at the Company’s mineral properties; current mineral resource and reserve estimates; the presence and continuity of mineralization at the Company’s properties; that the Company’s activities will be in accordance with the Company’s public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained; that there will be no significant disruptions affecting operations and such other assumptions as set out herein. Forward-looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.

Cautionary Note to United States Investors Concerning Estimates of Reserves and Resources

Reserve and resource estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by a Canadian company of scientific and technical information concerning mineral projects. Unless otherwise indicated, all mineral reserve and mineral resource estimates contained in the technical disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Reserves. Canadian standards, including NI 43-101, differ significantly from the requirements of the Securities and Exchange Commission, and mineral reserve and resource information included in this news release may not be comparable to similar information disclosed by U.S. companies.

Appendix 1: Séguéla Mine, Côte d’Ivoire

Hole IDEasting
(WGS84_29N)		Northing
(WGS84_29N)		Elevation
(m)		EOH
Depth
(m)		UTM
Azimuth		DipDepth
From
(m)		Depth
To
(m)		Drilled
Width
(m)		ETW
(m)		Au
(ppm)		Hole
Type		Area
SGRD1656743307888573352225.7277-6018018221.45.54RCDAncien
      incl18018110.710.30RCDAncien
SGRD1657743346888518349276.1277-6022823132.12.76RCDAncien
       239250117.727.06RCDAncien
      incl24124321.4138.45RCDAncien
SGRD1658743366888467348348277-5526826910.75.47RCDAncien
SGRD1659743335888395354336.3277-5527027442.82.99RCDAncien
       3063221611.21.14RCDAncien
SGRD1661743409888381351440.4277-5533934232.114.76RCDAncien
      incl33934010.737.80RCDAncien
       3473692215.422.90RCDAncien
      incl35335410.723.50RCDAncien
      incl35736253.587.96RCDAncien
SGRD1663888361743405356400.4277-553463742819.65.98RCDAncien
      incl35235421.412.95RCDAncien
      and35836021.416.38RCDAncien
      and36236421.436.35RCDAncien
SGRD1664743402.76888335371.24400.22.77-553613832215.42.23RCDAncien
      incl36836910.711.25RCDAncien
      and37037110.710.15RCDAncien
SGRD1665743419888307370430.8277-55NSI    RCDAncien
SGRD1666743368888286358400.5277-5536237085.61.60RCDAncien
SGRC1682743089901800396140270-55657385.616.70RCBadior
      incl707110.7121.00RCBadior
       777921.413.45RCBadior
      incl777810.724.20RCBadior
       838632.113.01RCBadior
      incl858610.733.00RCBadior
SGRC1683743095901850389130270-55596342.81.66RCBadior
       677696.317.32RCBadior
      incl676921.449.50RCBadior
      and717210.744.60RCBadior
       869264.22.28RCBadior
SGRC1685743130901950385190270-55757942.82.46RCBadior
SGRD1686743128901851386192.1268 14214421.44.86RCDBadior
       189192.13.12.21.79RCDBadior
SGRD1687743165901950383270270-55NSI    RCDBadior
SGRD1688743161902003391268268-51NSI    RCDBadior
SGRD1689743128902003393190.7270-5515916232.110.71RCDBadior
      incl16116210.729.60RCDBadior
SGRD1690743133902003396310.3268-52NSI    RCDBadior
SGRC16917428878937984316090-60NSI    RCSunbird
SGRC169274286189379743211090-60NSI    RCSunbird
SGRD1693742584892987518420.590 371381107.02.88RCDSunbird
       39539721.45.57RCDSunbird
      incl39539610.710.10RCDSunbird
SGRD1694742510892710539134    00.0 RCDSunbird
SGRD1695742532892511538375.190-603413622114.74.99RCDSunbird
      incl34735032.127.70RCDSunbird
SGRD1696742573892512547310.390-6023524053.54.91RCDSunbird
      incl23623710.716.90RCDSunbird
       26326521.46.17RCDSunbird
       28028553.52.82RCDSunbird
      incl28428510.712.70RCDSunbird
SGRD169774253489246154439090-60NSI    RCDSunbird
SGRD1698742577892460520300.490-60200212128.44.87RCDSunbird
      incl20020110.714.15RCDSunbird
      and20320410.724.50RCDSunbird
       2182361812.61.54RCDSunbird
       242253117.70.98RCDSunbird

Notes:

  1. EOH: End of hole
  2. NSI: No significant intercepts
  3. ETW: Estimated true width
  4. Depths and widths reported to nearest significant decimal place

Appendix 2: Diamba Sud Gold Project, Senegal

Hole IDEasting
(WGS84_29N)		Northing
(WGS84_29N)		Elevation
(m)		EOH
Depth
(m)		UTM
Azimuth		DipDepth
From
(m)		Depth
To
(m)		Drilled
Width
(m)		ETW
(m)		Au
(ppm)		Hole
Type		Area
DSDD129233200142960918624690-6012251311.79.91DDArea A
      incl161821.843.45DDArea A
       9092.72.72.45.56DDArea A
      incl9292.70.70.611.80DDArea A
       1221351311.70.90DDArea A
       16116876.30.74DDArea A
       18819354.51.57DDArea A
DSDD130233151142961218621990-6063761311.72.62DDArea A
      incl697010.910.35DDArea A
       8394119.90.57DDArea A
       1551873228.81.02DDArea A
       19119765.44.81DDArea A
      incl19319410.919.80DDArea A
DSDD131233283142960718416290-60242954.51.08DDArea A
       96.4102.66.25.69.07DDArea A
      incl96.4981.61.414.35DDArea A
       113123.510.59.51.98DDArea A
DSDD132233161142958318521090-608087.87.87.02.12DDArea A
       147157109.00.71DDArea A
DSDD133233241142955518417490-6089.5955.55.08.67DDArea A
      incl909221.816.46DDArea A
       103107.84.84.32.92DDArea A
       11111210.921.50DDArea A
       11612487.22.90DDArea A
      incl117118.41.41.311.72DDArea A
       14414732.72.25DDArea A
DSDD134233210142955418418990-6091676.35.83DDArea A
      incl111321.811.75DDArea A
       2829.81.81.63.20DDArea A
       40521210.81.36DDArea A
       576143.61.92DDArea A
       106117119.92.08DDArea A
      incl106.6107.50.90.813.30DDArea A
       125132.57.56.81.24DDArea A
DSDD135233184142951018420090-608693.87.87.01.33DDArea A
       106107.651.651.55.21DDArea A
       11912676.33.14DDArea A
       183.7189.055.354.81.14DDArea A
DSDD136233301142955118213190-60546287.20.83DDArea A
       105.151115.855.34.61DDArea A
      incl10610710.919.10DDArea A
DSR486233252142961018616290-6091343.61.31RCArea A
       10010998.10.80RCArea A
       1221422018.01.65RCArea A
DSR487233313142960918213290-6031187.25.18RCArea A
      incl3410.911.80RCArea A
       971141715.32.26RCArea A
DSR488233301142958018213890-6010911787.21.22RCArea A
       12212643.62.09RCArea A
DSR489233247142958218515690-6041398.11.84RCArea A
       475032.719.78RCArea A
       11011221.83.53RCArea A
       11812576.31.37RCArea A
       13013221.82.79RCArea A
DSR490233191142958518521090-607403329.73.09RCArea A
       626865.42.84RCArea A
      incl636410.911.50RCArea A
       1161382219.81.83RCArea A
      incl11711810.911.05RCArea A
       160171119.91.08RCArea A
       17618487.21.27RCArea A
       1882092118.91.00RCArea A
DSR491233301142951018014490-6066952926.13.89RCArea A
      incl686910.922.30RCArea A
      and777810.921.90RCArea A
       1041191513.55.79RCArea A
      incl11411732.717.52RCArea A
DSR492233245142951118116290-601131261311.73.36RCArea A
       1451581311.70.89RCArea A
DSR493233281142943818012090-60808332.73.15RCArea A
DSR494233216142943617616290-6014014443.61.41RCArea A
DSR495233170142941217512390-60NSI    RCArea A
DSR496233189142938517719190-6011612043.62.47RCArea A
       128138109.04.08RCArea A
      incl13213310.922.60RCArea A
DSR497233213142935917514490-60NSI    RCArea A
DSR498233239142938517415090-60NSI    RCArea A
DSR499233336142961217710090-60222532.73.21RCArea A
DSR500233357142958117912090-6011011554.51.11RCArea A
DSR501233328142955917711490-60NSI    RCArea A
DSR502233313142953417812690-60NSI    RCArea A
DSR503233312142948217810090-6075931816.27.51RCArea A
      incl767821.819.63RCArea A
      and798010.910.95RCArea A
      and848510.910.15RCArea A
      and888910.912.50RCArea A
DSR504233272142951218214090-60757721.82.79RCDArea A
       128131.53.53.22.29RCDArea A
DSR50523330914294371759090-60NSI    RCArea A
DSR506233181142955418419390-60212321.83.13RCDArea A
       36622623.42.96RCDArea A
       718098.16.65RCDArea A
      incl717210.913.15RCDArea A
      and757610.912.60RCDArea A
      and787910.914.40RCDArea A
       14714921.82.52RCDArea A
       17117765.42.11RCDArea A
      incl17417510.910.30RCDArea A
DSR507233116142953818416890-605364119.91.41RCArea A
       1091292018.01.45RCArea A
      incl12712810.910.75RCArea A
DSR508233078142955418512090-60NSI    RCArea A
DSR509233044142955418410290-6015331816.20.54RCArea A
DSR51023308214295771837890-60NSI    RCArea A

Notes:

  1. EOH: End of hole
  2. NSI: No significant intercepts
  3. ETW: Estimated true width
  4. Depths and widths reported to nearest significant figure

Appendix 3: Yessi vein, San Jose Mine, Mexico

Hole IDEasting
(NAD27_14N)		Northing
(NAD27_14N)		Elevation
(m)		EOH
Depth
(m)		UTM
Azimuth		DipDepth
From
(m)		Depth
To
(m)		Drilled
Width
(m)		ETW
(m)		Au
(ppm)		Ag
(ppm)		Ag
Eq
(ppm)		Hole Type
SJOM-13487452971847651123630884-39256.32307.6555.6833.30.7290147DD
SJOM-13577452971847650123626792-26167.30190.1822.887.11.8060204DD
SJOM-1366A7452971847650123686895-28464.10465.701.600.21.58195321DD
       573.45592.5010.451.50.7891153DD
       599.35601.902.550.40.75102162DD
       606.55609.753.200.40.7096152DD
       636.40643.457.051.01.22161258DD
SJOM-139974529818476491237479104-8131.85135.603.750.91.22130227DD
SJOM-140474529818476491237433109-8NSI       
SJOM-140874529818476491236540106-23355.35360.301.950.30.8074138DD
       390.50395.304.400.71.11131219DD
       396.95400.352.750.41.05128212DD
       415.75420.053.650.21.39175286DD
       426.70430.003.300.51.50208328DD
       471.25472.31.050.22.40275467DD
SJO-141774605018476471543689239-51579.55580.350.800.54.61489858DD
       600.35601.401.050.61.40140252DD
SJOM-141874529818476491236674107-30406.00407.501.500.81.1395185DD
SJO-142074604618476371543796237-61NSI       
SJOM-14227452971847651123645691-15222.85225.702.851.10.5761106DD
SJO-143074588518479121538789190-61532.10533.751.650.90.6184133DD
       593.50595.652.151.18.267701431DD
       605.60608.903.301.70.7090146DD
       668.85676.757.904.01.25150250DD
       679.95680.550.60.32.11170339DD
SJOM-142874529818476491236479114-10342.75400.0057.2517.02.48347545DD
      Incl367.55368.861.310.46.266201121DD
      and382.95384.001.050.31.98307465DD
      and384.73386.301.570.511.2713442246DD
      and391.85393.371.520.511.0711372023DD
      and393.37394.501.130.32.50314514DD
      and394.50395.330.830.29.427741528DD
      and398.42400.001.580.532.0059058465DD
SJO-143174588518479121538667220-45554.20554.500.300.35.385761006DD
       601.30607.856.555.21.02114195DD
      incl602.85603.150.300.27.168381411DD
      and603.45603.750.300.21.18146240DD
      and605.55606.050.500.41.45147263DD
      and606.05606.400.350.31.29136239DD

Notes:

  1. EOH: End of hole
  2. NSI: No significant intercepts
  3. ETW: Estimated true width
  4. Ag Eq is calculated using a factor of 80:1 using metal prices of US$1,950/oz for gold with 90% metallurgical recovery and US$24.5/oz for silver with 91% metallurgical recovery
  5. Depths and widths reported to nearest significant decimal place

Primary Logo

Figure 1

Badior long-section showing select recent results (looking west)
Figure 2

Ancien long-section showing select recent results (looking west)
Figure 3

Sunbird long-section showing select recent results (looking west)
Figure 4

Diamba Sud Gold Project location plan
Figure 5

Area A drilling location plan
Figure 6

Area A cross section A - A’; refer to Figure 5 for location
Figure 7

Area A cross section B - B’; refer to Figure 5 for location
Figure 8

Plan view of the Yessi vein, San Jose Mine. Refer Figure 9 for the long-section view (A-A’).
Figure 9

Long section view (A-A’) of the Yessi vein, San Jose Mine

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