Fortuna discovers new Kingfisher prospect at Séguéla Mine and provides exploration update at the Diamba Sud Gold Project
Fortuna Silver Mines Inc. provides updates on exploration programs at Séguéla Mine in Côte d’Ivoire and Diamba Sud Gold Project in Senegal. Significant discoveries at both sites, including high-grade intersections and successful drilling results, highlight the potential for underground mining and resource expansion. The company's ongoing drilling programs aim to enhance resource confidence, test satellite opportunities, and extend mineralized zones beyond historic pit shells.
From a geological perspective, the reported drill results from Fortuna Silver Mines Inc. suggest significant exploration success. High-grade intersections, such as 68.0 g/t Au over 2.1 meters, indicate the presence of ore with potentially economical concentrations of gold. The true width measurements provided are essential for assessing the actual thickness of the mineralized zones, which directly impacts the economic viability of mining operations.
The discovery of new prospects and the extension of known mineralized zones beyond historic pit optimization shells are indicative of a resource with expansion potential. This could lead to an increase in the estimated resource base, potentially improving the mine's life and financial forecasts. The continuation of drilling programs and the emphasis on understanding geological controls are crucial for delineating the extent of the mineralization and enhancing resource confidence, which is a key factor for investors and stakeholders in evaluating the project's prospects.
Assessing the technical updates provided, the drilling results not only have implications for the resource estimation but also for the mining method selection and mine planning. High-grade intersections at depth, such as those reported at the Koula deposit, could make the case for an underground mining scenario more compelling. The logistical and technical challenges associated with underground operations require precise planning and higher initial capital compared to open-pit mining, but the reported high grades could offset these costs.
Moreover, the identification of multiple lodes and the open strike and depth potential at the Kingfisher prospect suggest that there may be opportunities for economies of scale if the deposit continues to grow. The company's commitment to further exploration is a positive sign for the future development of the project, as it indicates a proactive approach to resource management and the potential for long-term growth.
From a financial analysis standpoint, the exploration update by Fortuna Silver Mines Inc. has several implications for the company's valuation and investment profile. The reported high-grade intersections and new discoveries could lead to an increase in the company's inferred and indicated resources, which is a positive indicator for investors. This may result in upward revisions of net asset value (NAV) estimates and could potentially lead to a re-rating of the company's stock.
However, investors should also consider the cost implications of further exploration and the potential for capital expenditure increases, as these could impact the company's cash flow projections. The $9.2 million budget for the 2024 drilling program at Diamba Sud Gold Project is a significant investment and its efficacy in expanding the resource base will be critical for the company's future profitability. Any delays or lower than expected results from the drilling program could affect investor sentiment and stock performance.
03/11/2024 - 05:00 AM
VANCOUVER, British Columbia, March 11, 2024 (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 and the recently acquired Diamba Sud Gold Project in Senegal.
Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “Emphasizing the exploration potential at Séguéla, the team has continued their impressive run-rate of discoveries with the new Kingfisher prospect. This follows the Barana, Badior and Kestrel discoveries made during 2022 and 2023.” Mr. Weedon continued, “In addition to the exploration success at Kingfisher, drilling for Koula underground mining potential has resulted in several high-grade intersections. This includes 68.0 g/t Au over an estimated true width of 2.1 meters in SGRD1783, as part of a larger interval of 22.5 g/t Au over an estimated true width of 9.8 meters, highlighting the opportunity for underground mining.”
Commenting on the successful drilling at the Diamba Sud Gold Project, Mr. Weedon noted, “With the initial campaign of confirmatory drilling wrapping up at Area A and Area D, exploration focus is progressing towards testing the satellite opportunities. Early success at the Moungoundi, Western Splay, and Kassasoko satellite prospects highlight the potential of Diamba Sud.” Mr. Weedon continued, “In addition to improving the confidence at Area A, Area D, and Karakara, drilling intersected several mineralized zones extending beyond the historic pit optimization shells. These extensions will be incorporated into a resource model to be prepared later in 2024.”
Exploration program highlights
Séguéla Mine, Côte d’Ivoire Kingfisher prospect
SGRD1724 :5.2 g/t Au over an estimated true width of 8.4 meters from 98 meters, including 14.8 g/t Au over an estimated true width of 2.1 meters from 100 meters SGRC1728 :1.9 g/t Au over an estimated true width of 17.5 meters from 41 meters SGRC1762 :2.9 g/t Au over an estimated true width of 19.6 meters from 106 meters SGRC1763 :2.9 g/t Au over an estimated true width of 16.1 meters from 136 meters SGRC1764: 2.4 g/t Au over an estimated true width of 16.8 meters from 125 meters, including 19.2 g/t Au over an estimated true width of 1.4 meters from 147 meters
Koula deposit
SGRD1781: 20.3 g/t Au over an estimated true width of 2.1 meters from 110 meters SGRD1783: 22.5 g/t Au over an estimated true width of 9.8 meters from 208 meters, including 68.0 g/t Au over an estimated true width of 2.1 meters from 215 meters, and 40.7 g/t Au over an estimated true width of 1.4 meters from 220 meters SGRD1784: 4.9 g/t Au over an estimated true width of 7.7 meters from 268 meters, including 33.7 g/t Au over an estimated true width of 0.7 meters from 276 meters SGRD1806: 11.6 g/t Au over an estimated true width of 2.8 meters from 36 meters
Diamba Sud Gold Project, Senegal
Area A
DSR515 :3.5 g/t Au over an estimated true width of 23.4 meters from 74 meters DSDD140 :6.2 g/t Au over an estimated true width of 11.2 meters from 126.6 meters Area D DSDD163 :6.0 g/t Au over an estimated true width of 32.0 meters from 7 meters, including 39.4 g/t Au over an estimated true width of 2.2 meters from 31 meters DSDD173 :3.5 g/t Au over an estimated true width of 44.8 meters from 8 meters DSDD176 :4.4 g/t Au over an estimated true width of 15.6 meters from 36 meters, including 20.6 g/t Au over an estimated true width of 2.4 meters from 38 meters DSDD196: 6.3 g/t Au over an estimated true width of 18.4 meters from 3 meters, including 20.9 g/t Au over an estimated true width of 1.6 meters from 16 meters DSDD206: 4.6 g/t Au over an estimated true width of 19.0 meters from 48 meters, including 70.7 g/t Au over an estimated true width of 0.8 meters from 63 meters Karakara DSDD205: 2.0 g/t Au over an estimated true width of 6.8 meters from 20 meters, and 5.2 g/t Au over an estimated true width of 14.4 meters from 74 meters DSDD207: 8.5 g/t Au over an estimated true width of 9 meters from 79 meters, including 36.2 g/t Au over an estimated true width of 1.5 meters from 80 meters DSR541: 4.2 g/t Au over an estimated true width of 12.8 meters from 92 meters DSR546: 2.8 g/t Au over an estimated true width of 14.3 meters from 79 meters, and 4.5 g/t Au over an estimated true width of 11.3 meters from 117 meters Moungoundi DSR551: 2.1 g/t Au over an estimated true width of 20.3 meters from 31 meters DSR558: 5.4 g/t Au over an estimated true width of 6.8 meters from 88 meters DSR563: 2.7 g/t Au over an estimated true width of 14.2 meters from 45 meters DSR568: 30.7 g/t Au over an estimated true width of 11.3 meters from 46 meters, including 146.0 g/t Au over an estimated true width of 2.25 meters from 46 meters Kassasoko DSR604: 1.5 g/t Au over an estimated true width of 11.3 meters from 29 meters Western Splay DSR584: 2.1 g/t Au over an estimated true width of 13.5 meters from 17 meters DSR598: 7.4 g/t Au over an estimated true width of 7.5 meters from 56 meters, including 19.6 g/t Au over an estimated true width of 1.5 meters from 61 meters
Séguéla Mine, Côte d’Ivoire Kingfisher prospect
A 2,040-meter, 20-hole program was completed at the newly discovered Kingfisher prospect identifying three lodes along a 1.9-kilometer strike, all of which remain open along strike and at depth (refer to Figures 1 and 2). Results include drill hole SGRC1762 intersecting 2.9 g/t Au over an estimated true width of 19.6 meters from 106 meters downhole, and drill hole SGRC1763 intersecting 2.9 g/t Au over an estimated true width of 16.1 meters from 136 meters downhole.
The Kingfisher prospect is hosted in a set of quartz veins along a moderately sheared contact between a series of basalt-dolerite units which also hosts the Boulder and Agouti deposits, one and three kilometers, respectively, to the north, with a steep easterly dip consistent with the majority of other deposits at Séguéla.
Additional drilling at Kingfisher is scheduled in the second quarter of 2024 to further test its strike and depth potential.
Figure 1: Kingfisher prospect location; approximately one kilometer east of the Sunbird deposit
Figure 2: Kingfisher prospect long section (looking west)
Koula deposit
A 3,106-meter, 12-hole program was completed at the Koula deposit in December 2023 (refer to Figure 3). As part of the support for potential underground mining, the program was designed to infill and further improve the understanding of the structural controls on the central and hanging wall high-grade lodes. Results such as 22.5 g/t Au over an estimated true width of 9.8 meters from 208 meters downhole, including 68.0 g/t Au over an estimated true width of 2.1 meters from 215 meters downhole in drillhole SGRD1783, highlight the potential of Koula. Drilling continues to expand Koula’s underground potential and the further delineation of the hanging wall lodes.
Figure 3: Koula deposit long-section showing select recent results (looking west)
Refer to Appendix 1 for full details of the Séguéla drill holes and assay results.
Diamba Sud Gold Project, Senegal
The Diamba Sud Gold Project’s initial 10,945-meter, three-drill rig drilling program, started on October 8, 2023 (refer to Fortuna news release dated December 12, 2023 ) and was extended into the 2024 budget of $9.2 million which consists of a 42,700 meter RC and diamond drilling campaign. The current program has seen the completion of 181 drill holes totaling 23,170 meters since December 2023.
The objectives of the 2024 drilling program are to:
Conduct selected confirmatory drilling to improve resource confidence at Area A, Area D, and Karakara (refer to Figure 4) Drill to test for extensions to the existing historic resource in support of project development and advancing further economic studies Advance prospective areas such as Moungoundi, Kassasoko, Western Splay, Area A North, and others (refer to Figure 4) Improve understanding of key geological controls including controlling structures, favorable lithologies, alteration, and secondary enrichment zones Figure 4: Location plan of the Diamba Sud Gold Project
Drilling continues at Diamba Sud focusing on growing the project’s historic resource base through testing satellite areas and other anomalies with limited previous drilling. In addition, drilling is continuing to delineate extensions to high-grade lodes extending beyond the historic pit optimization shells at Area A, Area D, and Karakara.
Highlights of recent drilling at Area A and Area D include several areas where mineralization has extended beyond the historic pit optimization shells. Further drilling is planned to determine the full extent of the mineralization and the relationship with key structures and lithologies. In addition, infill drilling to support resource confidence has intersected several broad zones of mineralization in areas of previous low confidence, as demonstrated by drill hole DSDD176 at Area D intersecting the following estimated true width intervals (refer to Figure 5):
1.0 g/t Au over 15.2 meters from 10 meters, and 4.4 g/t Au over 15.6 meters from 36 meters, and 1.0 g/t Au over 10.2 meters from 81 meters, and 1.6 g/t Au over 8.6 meters from 111 meters Figure 5: Area D cross-section showing select recent results (looking north)
Early-stage drilling returned encouraging results from Moungoundi, located approximately two to four kilometers south of Karakara (refer to Figure 4). Hosted in a shear zone traversing a sediment/granite contact, Moungoundi remains open at depth where additional follow up drilling is planned in the second quarter of 2024. Results include 2.1 g/t Au over an estimated true width of 20.3 meters from 31 meters in drill hole DSR551, and 5.4 g/t Au over an estimated true width of 6.8 meters from 88 meters in drill hole DSR558 (refer to Figure 6).
Figure 6: Moungoundi cross-section showing select recent results (looking north)
Encouraging results were also received from first pass drilling at Kassasoko, with highlights including 1.0 g/t Au over an estimated true width of 18.75 meters from 29 meters in drill hole DSR613 and 1.5 g/t Au over an estimated true width of 11.25 meters in drill hole DSR604. Similar results were also returned from first pass drilling at Western Splay, including 2.1 g/t Au over an estimated true width of 13.5 meters from drill hole DSR584, and 7.4 g/t Au over an estimated true width of 7.5 meters from drill hole DSR598.
Refer to Appendix 2 for full details of the Diamba Sud Gold Project drill holes and assay results.
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 reverse circulation (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 percent representative sample for submission to the analytical laboratory. The residual 87.5 percent 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, Senegal 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.
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 Standards of Disclosure for Mineral Projects 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 regarding the exploration potential at Séguéla and the potential for underground mining operations at Koula; planned additional drilling during the second quarter of 2024 to further test the strike and depth potential at Kingfisher; statements relating to the potential of the Diamba Sud Gold Project based on the early success at Moungoundi, Western Splay and Kassasoko; the exploration budget at the Diamba Sud Gold Project and the objectives of the program; statements relating to growing the resource base at the Diamba Sud Gold Project and that encouraging results having been returned from Moungoundi and Kassasoko; 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, labor, materials, supplies and services; fluctuations in currencies; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; the possibility that the appeal in respect of the ruling in favor of Compañia Minera Cuzcatlan S.A. de C.V. reinstating the environmental impact authorization (the “EIA”) at the San Jose Mine will be successful; 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, 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 the appeal filed in the Mexican Collegiate Court challenging the reinstatement of the EIA will be unsuccessful; 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 ID Easting (WGS84_29N) Northing (WGS84_29N) Elevation (m) EOH Depth (m) 1,4 UTM Azimuth (°) Dip (°) Depth From (m) 2,4 Depth To (m) 4 Drilled Width (m) 4 ETW (m) 3 Au (ppm) Hole Type 5 Area SGRD1699 742578 892361 581 320.1 90 -60 178 181 3 2.1 4.52 RCD Sunbird including 178 179 1 0.7 10.90 RCD Sunbird 188 193 5 3.5 2.67 RCD Sunbird including 192 193 1 0.7 11.30 RCD Sunbird SGRD1700 742537 892362 573 405.1 90 -60 274 280 6 4.2 1.59 RCD Sunbird 286 294 8 5.6 3.31 RCD Sunbird SGRD1731 742489 892361 562 490 90 -60 376 382 6 4.2 0.92 RCD Sunbird 395 414 19 13.3 2.36 RCD Sunbird including 410 411 1 0.7 12.85 RCD Sunbird 426 429 3 2.1 16.59 RCD Sunbird including 427 429 2 1.4 19.93 RCD Sunbird SGRD1732 742535 892263 580 531.4 90 -60 324 327 3 2.1 3.33 RCD Sunbird SGRD1733 742495 892460 551 490 90 -60 418 423 5 3.5 1.54 RCD Sunbird 477 487 10 7 0.96 RCD Sunbird SGRD1734 742487 892504 549 498.2 90 -60 436 440 4 2.8 1.83 RCD Sunbird 482 497 15 10.5 1.91 RCD Sunbird SGRD1736 742533 892160 592 537.2 90 -60 NSI RCD Sunbird SGRD1737 742391 892360 567 598.4 90 -60 76 83 7 4.9 0.97 RCD Sunbird 569 588 19 13.3 0.96 RCD Sunbird SGRC1719 743890 893102 410 54 90 -60 46 53 7 4.9 1.99 RC Kingfisher SGRC1720 743867 893103 412 110 90 -60 82 86 4 2.8 1.59 RC Kingfisher SGRC1721 743840 892901 414 54 90 -60 31 32 1 0.7 6.50 RC Kingfisher SGRD1722 743803 892898 420 120.2 90 -60 90 98 8 5.6 4.55 RCD Kingfisher including 97 98 1 0.7 17.75 RCD Kingfisher SGRC1723 743785 892700 406 62 90 -60 19 32 13 9.1 0.89 RC Kingfisher SGRD1724 743751 892700 411 120.2 90 -60 98 110 12 8.4 5.21 RCD Kingfisher including 100 103 3 2.1 14.82 RCD Kingfisher SGRC1725 743721 892501 404 67 90 -60 NSI RC Kingfisher SGRC1726 743690 892502 406 118 90 -60 102 116 14 9.8 1.43 RC Kingfisher SGRC1727 743690 892091 413 50 90 -60 2 18 16 11.2 2.19 RC Kingfisher 32 38 6 4.2 1.44 RC Kingfisher SGRC1728 743658 892092 419 120 90 -60 41 66 25 17.5 1.92 RC Kingfisher including 64 65 1 0.7 12.35 RC Kingfisher SGRC1729 743659 891892 425 60 90 -60 NSI RC Kingfisher SGRC1730 743639 891692 416 84 90 -60 13 24 11 7.7 1.36 RC Kingfisher SGRC1741 743606 891693 421 140 90 -60 NSI RC Kingfisher SGRC1742 743622 891493 401 65 90 -60 8 22 14 9.8 0.91 RC Kingfisher SGRC1743 743591 891493 402 110 90 -60 52 54 2 1.4 2.72 RC Kingfisher 61 69 8 5.6 0.78 RC Kingfisher SGRC1744 743622 891294 400 60 90 -60 NSI RC Kingfisher SGRC1745 743591 891294 402 120 90 -60 66 71 5 3.5 7.68 RC Kingfisher including 69 70 1 0.7 30.00 RC Kingfisher SGRC1762 743662 892500 409 167 90 -60 11 12 1 0.7 5.10 RC Kingfisher 106 134 28 19.6 2.92 RC Kingfisher including 107 108 1 0.7 11.05 RC Kingfisher and 128 129 1 0.7 12.80 RC Kingfisher and 131 132 1 0.7 29.40 RC Kingfisher 157 161 4 2.8 4.38 RC Kingfisher including 159 160 1 0.7 12.10 RC Kingfisher SGRC1763 743670 892594 425 189 90 -60 136 159 23 16.1 2.92 RC Kingfisher including 152 153 1 0.7 27.90 RC Kingfisher 163 180 17 11.9 0.83 RC Kingfisher SGRC1764 743747 892803 409 170 90 -60 125 149 24 16.8 2.42 RC Kingfisher including 147 149 2 1.4 19.18 RC Kingfisher 156 165 9 6.3 1.27 RC Kingfisher SGRC1780 742462 895226 425 90 110 -60 NSI RC Koula SGRD1781 742439 895235 426 150.5 110 -60 110 113 3 2.1 20.33 RCD Koula 120 126 6 4.2 0.88 RCD Koula SGRD1782 742448 895284 434 310.3 110 -60 NSI RCD Koula SGRD1783 742549 895434 451 260.4 110 -60 208 222 14 9.8 22.46 RCD Koula including 210 211 1 0.7 12.90 RCD Koula and 215 218 3 2.1 68.03 RCD Koula and 220 222 2 1.4 40.68 RCD Koula 227 230 3 2.1 2.19 RCD Koula SGRD1784 742519 895432 453 310.3 110 -60 268 279 11 7.7 4.85 RCD Koula including 276 277 1 0.7 33.70 RCD Koula and 278 279 1 0.7 11.40 RCD Koula SGRD1785 742558 895404 446 250.4 110 -60 194 200 6 4.2 1.78 RCD Koula 214 217 3 2.1 3.35 RCD Koula SGRD1786 742422 895295 432 354.4 110 -60 317 333 16 11.2 1.63 RCD Koula SGRD1787 742470 895276 435 288.2 110 -60 70 80 10 7 4.47 RCD Koula including 79 80 1 0.7 11.95 RCD Koula 276 281 5 3.5 1.97 RCD Koula SGRC1805 742475 895248 429 24 110 -60 Not Sampled Abandoned RC Koula SGRD1806 742475 895248 429 300 110 -60 36 40 4 2.8 11.60 RCD Koula 244 247 3 2.1 1.75 RCD Koula SGRD1807 742382 895262 422 410 110 -60 NSI RCD Koula SGRD1808 742410 895253 424 357 110 -60 NSI RCD Koula
Notes:
EOH: End of hole NSI: No significant intercepts ETW: Estimated true width Depths and widths reported to nearest significant decimal place RC: reverse circulation drilling | RCD: reverse circulation drilling with diamond tail Appendix 2: Diamba Sud Gold Project, Senegal
Hole ID Easting (WGS84_29N) Northing (WGS84_29N) Elevation (m) EOH Depth (m) 1,4 UTM Azimuth (°) Dip (°) Depth From (m) 2,4 Depth To (m) 4 Drilled Width (m) 4 ETW (m) 3 Au (ppm) Hole Type 5 Area DSDD137 233278 1429536 182 150 90 -60 88 97.25 9.25 8.33 4.73 DD Area A incl 92 93 1 0.90 10.20 DD Area A DSDD138 233266 1429481 180 140 90 -60 97 109 12 10.80 2.43 RCD Area A DSDD139 233203 1429484 180 197 90 -60 103.75 111.3 7.55 6.80 21.08 RCD Area A incl 103.75 107 3.25 2.93 34.67 RCD Area A and 108 109 1 0.90 13.25 RCD Area A and 109.75 110.75 1 0.90 20.90 RCD Area A 115 129.7 14.7 13.23 1.67 RCD Area A 138 148 10 9.00 1.11 RCD Area A DSDD140 233182 1429431 179 191 90 -60 126.6 139 12.4 11.16 6.16 RCD Area A incl 129.2 131 1.8 1.62 16.20 RCD Area A 160 166 6 5.40 2.19 RCD Area A 184 187 3 2.70 2.59 RCD Area A DSDD141 233224 1429460 175 176 90 -60 112.9 115 2.1 1.89 4.79 RCD Area A incl 113.5 114 0.5 0.45 10.10 DD Area A 119 135 16 14.40 1.40 DD Area A DSDD142 233142 1429359 178 246 90 -60 125 132 7 6.30 1.10 DD Area A 140 150 10 9.00 9.36 DD Area A incl 141 142 1 0.90 10.10 DD Area A and 144 146 2 1.80 24.48 DD Area A 156 169 13 11.70 1.95 DD Area A 179 187.4 8.4 7.56 0.83 DD Area A 213 225 12 10.80 1.33 DD Area A DSDD143 233173 1429408 179 198 90 -60 131.45 136 4.55 4.10 3.37 DD Area A 165 174.8 9.8 8.82 1.64 DD Area A DSDD150 233123 1429605 186 243 90 -60 60 64 4 3.60 2.43 DD Area A DSDD153 232846 1429579 184 220 90 -60 28 42 14 12.60 1.89 RCD Area A incl 40 41 1 0.90 11.70 RCD Area A 193 195 2 1.80 9.12 RCD Area A incl 194 195 1 0.90 16.35 RCD Area A 204 210 6 5.40 6.74 RCD Area A incl 208 209 1 0.90 12.80 RCD Area A DSDD155 233067 1429469 182 236 90 -60 93 96 3 2.70 5.57 RCD Area A incl 95 96 1 0.90 14.70 RCD Area A DSDD156 233091 1429414 181 263 90 -60 191.5 209 17.5 15.75 1.07 RCD Area A DSDD159 233229 1429410 175 161 90 -60 78 80 2 1.80 11.96 DD Area A incl 78 79 1 0.90 22.50 DD Area A DSDD164 233289 1429459 178 125 90 -60 88 92.85 4.85 4.36 2.68 DD Area A DSDD220 233143 1429662 188 192 0 0.00 DD Area A DSDD221 233136 1429439 180 245.5 0 0.00 DD Area A DSDD224 231121 1429363 179 291 0 0.00 DD Area A DSR511 233179 1429532 182 212 90 -60 56 65 9 8.10 2.42 RCD Area A incl 61 62 1 0.90 15.50 RCD Area A 72 78 6 5.40 6.86 RCD Area A incl 73 74 1 0.90 25.80 RCD Area A DSR512 233045 1429577 185 90 90 -60 NSI RC Area A DSR513 233176 1429481 182 215 90 -60 121 128 7 6.30 1.15 RCD Area A DSR514 233234 1429663 187 150 90 -60 78 83 5 4.50 2.64 RC Area A 92 96 4 3.60 1.25 RC Area A DSR515 233199 1429659 187 180 90 -60 74 100 26 23.40 3.46 RC Area A incl 86 89 3 2.70 17.98 RC Area A DSR516 233160 1429457 181 224 90 -60 140 141 1 0.90 7.10 RCD Area A DSDD144 232995 1429497 183 56 90 -60 NSI DD Area D DSDD145 232984 1429519 183 66 90 -60 6 10 4 3.20 1.43 DD Area D 15 22 7 5.60 1.40 DD Area D 36 38 2 1.60 13.27 DD Area D incl 36 37 1 0.80 24.60 DD Area D DSDD146 232949 1429524 183 89 90 -60 8 19 11 8.80 5.44 DD Area D incl 12 13 1 0.80 11.85 DD Area D and 16 17 1 0.80 15.50 DD Area D 53 54 1 0.80 5.75 DD Area D DSDD147 232899 1429522 183 111 90 -60 102.1 103.1 1 0.80 71.40 DD Area D DSDD148 232851 1429523 183 98 90 -60 6 16 10 8.00 3.77 DD Area D DSDD149 232869 1429579 184 131 90 -60 8 15 7 5.60 3.75 DD Area D incl 13 14 1 0.80 16.35 DD Area D 23 28 5 4.00 3.23 DD Area D 55.3 57 1.7 1.36 5.27 DD Area D incl 56.4 57 0.6 0.48 11.40 DD Area D 92.6 103 10.4 8.32 1.75 DD Area D incl 93.5 94 0.5 0.40 11.85 DD Area D DSDD151 232846 1429579 184 140 90 -60 17 211 4 3.20 4.34 DD Area D DSDD152 232716 1429548 183 98 90 -60 12 15 3 2.40 1.82 DD Area D 20 442 24 19.20 1.84 DD Area D incl 26 28 2 1.60 12.55 DD Area D DSDD154 232726 1429522 182 118 90 -60 14 393 25 20.00 5.18 DD Area D incl 28 29 1 0.80 39.70 DD Area D and 35 36 1 0.80 13.10 DD Area D and 37 38 1 0.80 16.55 DD Area D DSDD157 232802 1429547 183 63 90 -60 NSI DD Area D DSDD158 232809 1429528 183 90 90 -60 4 484 44 35.20 6.29 DD Area D incl 12 13 1 0.80 11.15 DD Area D and 16 24 8 6.40 21.99 DD Area D 55 64 9 7.20 3.65 DD Area D incl 62 63 1 0.80 16.60 DD Area D DSDD160 232853 1429545 183 90 90 -60 7 215 14 11.20 3.43 DD Area D incl 12 13 1 0.80 14.20 DD Area D 26 366 10 8.00 1.72 DD Area D DSDD161 232829 1429504 182 90 90 -60 3 277 24 19.20 3.33 DD Area D incl 13 14 1 0.80 14.85 DD Area D and 19 20 1 0.80 14.55 DD Area D 31 388 7 5.60 9.13 DD Area D incl 31.7 32.5 0.8 0.64 63.10 DD Area D DSDD162 232650 1429517 181 155.5 90 -60 88.5 91 2.5 2.00 2.17 DD Area D 99.15 100.75 1.6 1.28 4.27 DD Area D DSDD163 232684 1429496 181 153 90 -60 7 479 40 32.00 5.99 DD Area D incl 9 10 1 0.80 10.45 DD Area D and 11 12 1 0.80 28.50 DD Area D and 31 33.7 2.7 2.16 39.41 DD Area D 58 61 3 2.40 8.48 DD Area D incl 58 60 2 1.60 12.28 DD Area D 78 84 6 4.80 1.10 DD Area D DSDD165 232769 1429502 182 150 90 -60 27 34 7 5.60 1.95 DD Area D 38 41 3 2.40 18.26 DD Area D incl 39 40 1 0.80 52.30 DD Area D 48 53 5 4.00 6.02 DD Area D incl 49 50 1 0.80 10.90 DD Area D DSDD166 232703 1429479 181 134 90 -60 16 4310 27 21.60 3.38 DD Area D incl 30 31 1 0.80 15.05 DD Area D and 39 40 1 0.80 10.80 DD Area D 53 62 9 7.20 1.45 DD Area D 76 101 25 20.00 1.39 DD Area D incl 76 76.6 0.6 0.48 12.75 DD Area D DSDD167 232755 1429478 181 122 90 -60 58 67 9 7.20 1.62 DD Area D 71 76 5 4.00 1.62 DD Area D 86 94 8 6.40 1.19 DD Area D DSDD168 232735 1429488 181 123 90 -60 24 28 4 3.20 4.26 DD Area D 68 76 8 6.40 1.07 DD Area D 89 97 8 6.40 0.98 DD Area D 109 110 1 0.80 5.51 DD Area D DSDD169 232651 1429478 181 152 90 -60 100 115 15 12.00 2.70 DD Area D incl 101 102 1 0.80 12.05 DD Area D 133.5 138.25 4.75 3.80 2.40 DD Area D DSDD170 232727 1429400 179 146 90 -60 13 22 9 7.20 2.20 DD Area D 26 43 17 13.60 1.88 DD Area D 49 9311 44 35.20 2.57 DD Area D incl 78 79 1 0.80 32.40 DD Area D and 89 89.8 0.8 0.64 14.50 DD Area D 136 146 10 8.00 1.37 DD Area D DSDD171 232728 1429450 180 132 90 -60 15 27 12 9.60 6.52 DD Area D incl 18 19 1 0.80 11.10 DD Area D and 21 23 2 1.60 15.10 DD Area D DSDD172 232678 1429452 180 150 90 -60 25 29 4 3.20 8.18 DD Area D incl 25 27 2 1.60 12.05 DD Area D 43 49 6 4.80 2.36 DD Area D 70 94 24 19.20 1.92 DD Area D incl 71 72 1 0.80 16.65 DD Area D DSDD173 232771 1429399 180 125 90 -60 8 6412 56 44.80 3.47 DD Area D incl 10 11 1 0.80 20.30 DD Area D and 12 13 1 0.80 10.30 DD Area D and 26 29 3 2.40 12.82 DD Area D 119 121.4 2.4 1.92 2.27 DD Area D DSDD174 232754 1429418 180 132 90 -60 10 17 7 5.60 2.58 DD Area D 24 50 26 20.80 2.04 DD Area D 67 71 4 3.20 2.53 DD Area D 77 104 27 21.60 1.07 DD Area D DSDD175 232678 1429396 179 182 90 -60 17 34 17 13.60 1.05 DD Area D 169.6 176 6.4 5.12 0.95 DD Area D DSDD176 232693 1429425 180 129 90 -60 10 29 19 15.20 1.03 DD Area D 36 55.513 19.5 15.60 4.38 DD Area D incl 38 41 3 2.40 20.63 DD Area D 81 93.814 12.8 10.24 1.05 DD Area D 111.2 122 10.8 8.64 1.64 DD Area D DSDD177 232753 1429376 179 152 90 -60 13 15 2 1.60 6.14 DD Area D 26 8915 63 50.40 2.78 DD Area D incl 28 29 1 0.80 10.70 DD Area D and 32 33 1 0.80 22.40 DD Area D and 55 57 2 1.60 13.38 DD Area D 101.4 106.6 5.2 4.16 1.37 DD Area D 124 135 11 8.80 1.34 DD Area D DSDD178 232648 1429430 180 98 90 -60 NSI DD Area D DSDD179 232675 1429374 179 200 90 -60 16 26 10 8.00 0.95 DD Area D 31 4616 15 12.00 2.55 DD Area D incl 36 37 1 0.80 11.55 DD Area D 81 90 9 7.20 2.80 DD Area D DSDD180 232618 1429398 179 94 90 -60 12 4417 32 25.60 2.52 DD Area D incl 22 23 1 0.80 29.80 DD Area D DSDD181 232621 1429355 178 82 90 -60 NSI DD Area D DSDD182 232522 1429505 180 135 90 -60 53 58 5 4.00 5.66 DD Area D incl 54 54.5 0.5 0.40 47.50 DD Area D DSDD183 232547 1429350 177 95 90 -60 21 2918 8 6.40 1.17 DD Area D DSDD184 232600 1429482 180 153 90 -60 76.15 79 2.85 2.28 1.85 DD Area D DSDD185 232578 1429374 178 106 90 -60 30 41 11 8.80 1.45 DD Area D DSDD186 232572 1429480 180 152 90 -60 54 7019 16 12.80 3.28 DD Area D incl 60 61 1 0.80 37.80 DD Area D 74 93.55 19.55 15.64 1.99 DD Area D 108 120 12 9.60 0.98 DD Area D 137 138 1 0.80 15.30 DD Area D DSDD187 232528 1429405 178 153 90 -60 113 117 4 3.20 1.31 DD Area D DSDD188 232613 1429458 180 123 90 -60 NSI DD Area D DSDD189 232757 1429355 179 140 90 -60 67 70 3 2.40 2.43 DD Area D 91 99 8 6.40 0.68 DD Area D DSDD190 232840 1429482 182 60 90 -60 7 26 19 15.20 4.92 DD Area D incl 13 16 3 2.40 22.82 DD Area D DSDD191 232703 1429354 178 182 90 -60 47 54.120 7.1 5.68 1.42 DD Area D 69.6 76 6.4 5.12 1.44 DD Area D 80 84 4 3.20 1.30 DD Area D 102 108 6 4.80 1.68 DD Area D 119 121 2 1.60 7.87 DD Area D incl 120 121 1 0.80 11.65 DD Area D 151 163.1 12.1 9.68 1.99 DD Area D DSDD192 232796 1429477 181 80 90 -60 23 41 18 14.40 6.82 DD Area D incl 28 29 1 0.80 20.90 DD Area D and 33 34 1 0.80 11.70 DD Area D and 37 39 2 1.60 22.00 DD Area D 47 6121 14 11.20 14.59 DD Area D incl 47 48 1 0.80 12.55 DD Area D and 52 53 1 0.80 26.00 DD Area D and 55 56 1 0.80 149.00 DD Area D DSDD193 232830 1429451 182 55 90 -60 10.9 21 10.1 8.08 0.99 DD Area D DSDD194 232725 1429325 178 161 90 -60 NSI DD Area D DSDD195 232830 1429425 181 60 90 -60 13 31 18 14.40 3.73 DD Area D incl 18 20 2 1.60 14.23 DD Area D 44 49 5 4.00 1.85 DD Area D DSDD196 232939 1429499 183 110 90 -60 3 26 23 18.40 6.27 DD Area D incl 10 11 1 0.80 11.55 DD Area D and 13 14 1 0.80 38.30 DD Area D and 16 18 2 1.60 20.90 DD Area D 63.4 65 1.6 1.28 9.85 DD Area D DSDD197 232675 1429325 177 92 90 -60 7 14 7 5.60 1.81 DD Area D 31.8 43.55 11.75 9.40 0.91 DD Area D DSDD198 232879 1429499 183 68.2 90 -60 65 66 1 0.80 10.50 DD Area D DSDD199 232624 1429325 177 116 90 -60 NSI DD Area D DSDD200 232846 1429374 180 66 90 -60 7 8 1 0.80 6.38 DD Area D DSDD201 232575 1429326 177 97 90 -60 15 26 11 8.80 3.19 DD Area D DSDD202 232802 1429377 180 96 90 -60 8 11 3 2.40 1.81 DD Area D DSDD204 232781 1429330 179 123 90 -60 NSI DD Area D DSDD206 232495 1429422 178 101 90 -60 48 71.7 23.7 18.96 4.63 DD Area D incl 63 64 1 0.80 70.70 DD Area D and 71 71.7 0.7 0.56 11.25 DD Area D DSDD208 232408 1429546 182 75 90 -60 NSI DD Area D DSDD210 232429 1429498 180 80 90 -60 41 50 9 7.20 1.30 DD Area D 54 56 2 1.60 3.23 DD Area D DSR517 232549 1429152 174 100 90 -60 40 53 13 10.40 1.04 RC Area D South DSR518 232569 1429102 174 90 90 -60 NSI RC Area D South DSR519 232567 1429078 174 102 90 -60 98 99 1 0.80 27.50 RC Area D South DSR520 232554 1429053 173 102 90 -60 NSI RC Area D South DSDD203 231762 1428385 153 107 270 -60 50.35 56 5.65 4.24 1.16 DD Karakara DSDD205 231815 1428376 153 134 270 -60 20 29 9 6.75 1.95 DD Karakara incl 25.05 26.05 1 0.75 10.60 DD Karakara 46 51 5 3.75 1.12 DD Karakara 58 62 4 3.00 1.98 DD Karakara 74 93.2 19.2 14.40 5.23 DD Karakara incl 89 90 1 0.75 17.75 DD Karakara and 92 93.2 1.2 0.90 39.40 DD Karakara DSDD207 231866 1428374 154 167 270 -60 34 47 13 9.75 0.75 DD Karakara 71 75.9 4.9 3.68 2.72 DD Karakara 79 91 12 9.00 8.54 DD Karakara incl 80 82 2 1.50 36.23 DD Karakara DSDD209 231793 1428273 153 182 270 -60 106 113 7 5.25 1.75 DD Karakara 116.9 123.25 6.35 4.76 2.06 DD Karakara DSR524 231846 1428400 174 130 270 -60 86 93 7 5.25 3.68 RC Karakara DSR525 231838 1428352 174 156 270 -60 42 48 6 4.50 1.75 RC Karakara 98 103 5 3.75 11.20 RC Karakara incl 99 100 1 0.75 38.00 RC Karakara 107 108 1 0.75 16.40 RC Karakara 112 124 12 9.00 3.20 RC Karakara incl 121 122 1 0.75 27.40 RC Karakara DSR529 231751 1428352 155 100 270 -60 29 48 19 14.25 2.37 RC Karakara incl 47 48 1 0.75 11.00 RC Karakara DSR530 231725 1428224 154 140 270 -60 58 63 5 3.75 4.04 RC Karakara 75 80 5 3.75 1.37 RC Karakara 100 104 4 3.00 3.38 RC Karakara DSR531 231838 1428147 154 84 90 -60 47 50 3 2.25 5.02 RC Karakara 66 67 1 0.75 10.50 RC Karakara DSR533 231725 1428146 154 102 270 -60 67 70 3 2.25 2.71 RC Karakara DSR534 231629 1428067 153 180 340 -60 11 22 11 8.25 1.59 RC Karakara 100 111 11 8.25 0.65 RC Karakara 153 159 6 4.50 5.64 RC Karakara incl 156 157 1 0.75 13.40 RC Karakara DSR535 231615 1428117 156 144 340 -60 43 56 13 9.75 0.87 RC Karakara 65 73 8 6.00 5.33 RC Karakara 81 95 14 10.50 1.94 RC Karakara incl 90 91 1 0.75 13.90 RC Karakara DSR536 231869 1428203 153 150 270 -60 52 58 6 4.50 1.04 RC Karakara 64 78 14 10.50 4.18 RC Karakara incl 72 73 1 0.75 33.30 RC Karakara 111 128 17 12.75 0.72 RC Karakara DSR537 231780 1428250 151 174 270 -60 80 98 18 13.50 2.33 RC Karakara incl 81 82 1 0.75 24.10 RC Karakara 104 107 3 2.25 7.08 RC Karakara incl 104 105 1 0.75 13.35 RC Karakara DSR538 231743 1428203 150 180 270 -60 86 100 14 10.50 2.10 RC Karakara incl 94 95 1 0.75 11.85 RC Karakara 133 135 2 1.50 2.64 RC Karakara DSR539 231703 1428174 150 120 270 -60 18 30 12 9.00 2.73 RC Karakara incl 18 19 1 0.75 18.60 RC Karakara 41 44 3 2.25 3.71 RC Karakara 52 57 5 3.75 3.62 RC Karakara 108 118 10 7.50 2.04 RC Karakara DSR540 231780 1428304 150 100 90 -60 65 74 9 6.75 2.53 RC Karakara DSR541 231817 1428321 150 132 270 -60 48 54 6 4.50 0.98 RC Karakara 92 109 17 12.75 4.17 RC Karakara incl 95 96 1 0.75 26.20 RC Karakara and 107 108 1 0.75 21.00 RC Karakara 114 118 4 3.00 5.77 RC Karakara incl 114 115 1 0.75 13.30 RC Karakara DSR542 231750 1428165 152 170 340 -60 50 59 9 6.75 6.88 RC Karakara incl 56 58 2 1.50 24.35 RC Karakara DSR543 231749 1428159 149 108 270 -60 38 41 3 2.25 4.62 RC Karakara 72 78 6 4.50 17.20 RC Karakara incl 72 74 2 1.50 47.35 RC Karakara 97 100 3 2.25 8.04 RC Karakara incl 98 99 1 0.75 18.30 RC Karakara DSR545 231953 1428495 150 132 90 -60 66 77 11 8.25 0.53 RC Karakara DSR546 231952 1428395 151 200 270 -60 79 98 19 14.25 2.80 RC Karakara incl 91 92 1 0.75 13.50 RC Karakara and 94 95 1 0.75 18.45 RC Karakara 105 110 5 3.75 4.17 RC Karakara incl 106 107 1 0.75 11.35 RC Karakara 117 132 15 11.25 4.51 RC Karakara incl 127 129 2 1.50 17.60 RC Karakara DSR548 231814 1428398 152 132 90 -60 113 114 1 0.75 14.45 RC Karakara 120 129 9 6.75 0.99 RC Karakara DSR549 230888 1426892 149 90 90 -55 25 44 19 14.25 0.94 RC Moungoundi 49 52 3 2.25 5.68 RC Moungoundi DSR550 230912 1426894 152 78 90 -55 NSI RC Moungoundi DSR551 230856 1426924 151 108 90 -50 31 58 27 20.25 2.10 RC Moungoundi incl 50 52 2 1.50 15.88 RC Moungoundi DSR552 230878 1426961 155 90 90 -50 51 66 15 11.25 4.35 RC Moungoundi incl 56 57 1 0.75 20.60 RC Moungoundi and 64 66 2 1.50 18.88 RC Moungoundi DSR553 230911 1426925 153 81 90 -50 NSI RC Moungoundi DSR554 230765 1426874 155 90 190 -55 58 59 1 0.75 11.80 RC Moungoundi 80 81 1 0.75 15.95 RC Moungoundi DSR555 230687 1426848 153 84 190 -50 NSI RC Moungoundi DSR556 230766 1426877 155 126 135 -50 108 116 8 6.00 1.30 RC Moungoundi DSR557 230859 1426880 155 110 90 -50 NSI RC Moungoundi DSR558 230807 1426926 155 140 90 -50 88 97 9 6.75 5.39 RC Moungoundi incl 92 94 2 1.50 15.63 RC Moungoundi DSR559 230759 1426934 156 132 90 -50 101 124 23 17.25 1.20 RC Moungoundi DSR560 230653 1426792 155 90 5 -50 NSI RC Moungoundi DSR561 230648 1426725 153 100 85 -60 20 29 9 6.75 0.58 RC Moungoundi 35 39 4 3.00 1.86 RC Moungoundi 43 52 9 6.75 0.89 RC Moungoundi DSR562 230663 1426746 152 80 10 -60 NSI RC Moungoundi DSR563 230672 1426897 153 156 90 -60 45 64 19 14.25 2.74 RC Moungoundi incl 50 51 1 0.75 17.80 RC Moungoundi DSR564 230721 1426901 153 165 90 -60 NSI RC Moungoundi DSR565 230671 1426772 150 100 5 -55 46 54 8 6.00 1.11 RC Moungoundi DSR566 230633 1426700 150 150 10 -50 NSI RC Moungoundi DSR567 230845 1426830 153 145 90 -50 NSI RC Moungoundi DSR568 230894 1426826 153 110 90 -50 46 61 15 11.25 30.74 RC Moungoundi incl 46 49 3 2.25 146.03 RC Moungoundi 66 78 12 9.00 1.73 RC Moungoundi DSR569 230934 1426830 154 90 90 -50 NSI RC Moungoundi DSR570 230936 1426852 154 114 90 -50 NSI RC Moungoundi DSR571 231368 1426840 156 102 90 -50 NSI RC Moungoundi DSR572 231309 1426840 156 100 90 -50 NSI RC Moungoundi DSR573 231248 1426841 156 108 90 -50 NSI RC Moungoundi DSR574 231189 1426838 156 100 90 -50 NSI RC Moungoundi DSR575 231176 1426371 149 75 90 -50 14 20 6 4.50 2.12 RC Western Splay DSR576 231151 1426371 149 78 90 -50 19 28 9 6.75 1.38 RC Western Splay DSR577 231153 1426371 149 78 270 -75 NSI RC Western Splay DSR578 230900 1426369 148 120 90 -50 118 120 2 1.50 13.91 RC Western Splay incl 119 120 1 0.75 24.70 RC Western Splay DSR579 231017 1426328 147 141 90 -50 38 48 10 7.50 1.71 RC Western Splay 113 122 9 6.75 1.80 RC Western Splay 138 141 3 2.25 2.72 RC Western Splay DSR580 231162 1426327 147 100 90 -50 NSI RC Western Splay DSR581 231034 1426246 146 120 90 -50 43 54 11 8.25 1.17 RC Western Splay DSR582 231088 1426248 145 120 90 -50 5 6 1 0.75 5.20 RC Western Splay 58 68 10 7.50 3.33 RC Western Splay DSR583 231193 1426351 148 65 260 -80 NSI RC Western Splay DSR584 231214 1426326 147 100 90 -50 17 35 18 13.50 2.13 RC Western Splay 58 61 3 2.25 3.70 RC Western Splay DSR585 230966 1426326 146 150 90 -50 110 118 8 6.00 1.03 RC Western Splay DSR586 230927 1426374 147 108 90 -50 NSI RC Western Splay DSR587 230878 1426372 147 120 90 -50 NSI RC Western Splay DSR588 231016 1426428 147 106 90 -50 NSI RC Western Splay DSR589 230913 1426426 148 108 90 -50 93 96 3 2.25 2.40 RC Western Splay DSR590 230875 1426430 147 102 90 -50 NSI RC Western Splay DSR591 231261 1426157 144 102 90 -50 NSI RC Western Splay DSR592 231059 1426158 145 102 90 -50 NSI RC Western Splay DSR593 231008 1426160 145 102 90 -50 NSI RC Western Splay DSR594 231013 1426105 146 102 90 -50 NSI RC Western Splay DSR595 231166 1426084 145 102 90 -50 NSI RC Western Splay DSR596 231267 1426216 145 186 310 -50 140 143 3 2.25 4.64 RC Western Splay 179 186 7 5.25 1.32 RC Western Splay DSR597 231284 1426258 147 180 310 -50 9 12 3 2.25 2.67 RC Western Splay 127 132 5 3.75 1.01 RC Western Splay 171 179 8 6.00 1.62 RC Western Splay DSR598 231210 1426158 145 150 310 -50 56 66 10 7.50 7.42 RC Western Splay incl 58 59 1 0.75 11.50 RC Western Splay and 61 63 2 1.50 19.60 RC Western Splay 82 95 13 9.75 1.42 RC Western Splay 99 101 2 1.50 3.39 RC Western Splay DSR599 230778 1425923 152 150 340 -50 NSI RC Western Splay DSR600 231634 1425852 144 138 150 -50 19 27 8 6.00 1.48 RC Kassasoko 47 56 9 6.75 0.99 RC Kassasoko 66 74 8 6.00 1.15 RC Kassasoko DSR601 231665 1425873 144 132 150 -50 10 18 8 6.00 2.26 RC Kassasoko 32 44 12 9.00 1.24 RC Kassasoko DSR602 231677 1425899 145 110 150 -50 28 38 10 7.50 0.90 RC Kassasoko DSR603 231714 1425876 145 100 150 -50 NSI RC Kassasoko DSR604 231726 1425913 144 168 150 -50 4 12 8 6.00 1.07 RC Kassasoko 29 44 15 11.25 1.49 RC Kassasoko DSR605 231670 1425965 143 160 150 -50 26 34 8 6.00 1.02 RC Kassasoko DSR606 231616 1425834 144 138 150 -50 45 56 11 8.25 0.94 RC Kassasoko DSR607 231580 1425860 144 150 150 -50 30 35 5 3.75 1.89 RC Kassasoko DSR608 231566 1425817 144 126 150 -50 NSI RC Kassasoko DSR609 231590 1425778 144 78 NSI RC Kassasoko DSR610 231468 1425733 145 70 150 -50 NSI RC Kassasoko DSR611 231377 1425691 145 60 150 -50 NSI RC Kassasoko DSR612 231431 1425820 144 156 150 -50 63 75 12 9.00 1.29 RC Kassasoko DSR613 231590 1425977 144 150 150 -50 0 5 5 3.75 2.15 RC Kassasoko 29 54 25 18.75 1.01 RC Kassasoko DSR614 231853 1425886 142 90 150 -50 47 58 11 8.25 0.75 RC Kassasoko 79 90 11 8.25 0.76 RC Kassasoko DSR615 231836 1425949 144 120 150 -50 NSI RC Kassasoko DSR616 231884 1425921 143 60 150 -50 6 13 7 5.25 1.25 RC Kassasoko DSR617 231861 1425971 144 100 150 -50 NSI RC Kassasoko DSR618 231920 1426011 144 120 150 -50 NSI RC Kassasoko DSR619 231976 1426023 145 96 150 -50 NSI RC Kassasoko DSR620 232084 1426032 145 144 150 -50 NSI RC Kassasoko DSR621 232159 1426106 145 162 150 -50 NSI RC Kassasoko DSR622 232283 1426177 143 162 150 -50 46 51 5 3.75 3.44 RC Kassasoko DSR623 232198 1426238 145 180 150 -50 50 54 4 3.00 2.61 RC Kassasoko
Notes:
EOH - End of hole NSI: No significant intercepts ETW: Estimated true width Depths and widths reported to nearest significant figure DD: Diamond drilling tail | RC: reverse circulation drilling | RCD: reverse circulation drilling with diamond tail SDD151 - 17 to 21m intercept includes 0.5m core loss from 18.5m taken as zero value DSDD152 - 20 to 44m intercept includes 0.7m core loss from 42.3m taken as zero value DSDD154 - 14 to 39m intercept includes 0.7m core loss from 16m taken as zero value DSDD158 - 4 to 48m intercept includes 1.5m core loss from 7m, 1m core loss from 8m, 1m core loss from 14m, 1m core loss from 18m, 0.4m core loss from 27.6m and 1m core loss from 30m, all taken as zero value DSDD160 - 17 to 21m intercept includes 1m core loss from 18m taken as zero value DSDD160 - 26 to 36m intercept includes 1m core loss from 33m taken as zero value DSDD161 - 3 to 27m intercept includes 0.5m core loss from 3.5m, 0.5m core loss from 12.5m, 1m core loss from 15m and 0.5m core loss from 24.5m, all taken as zero value DSDD161 - 31 to 38m intercept includes 0.5m core loss from 33.5m taken as zero value DSDD163 - 7 to 47m intercept includes 1m core loss from 22m taken as zero value DSDD166 - 16 to 43m intercept includes 1m core loss from 17m taken as zero value DSDD170 - 49 to 93m intercept includes 1.3m core loss from 63m, 1m core loss from 67m, 1.7m core loss from 68m and 1m core loss from 73m, all taken as zero value DSDD173 - 8 to 64m intercept includes 1.5m core loss from 61m taken as zero value DSDD176 - 36 to 55.5m intercept includes 1m core loss from 48m and 2m core loss from 51m, all taken as zero value DSDD176 - 81 to 93.8m intercept includes 2.2m core loss from 82m, 1.5m core loss from 86.5m and 2.8m core loss from 89.6m, all taken as zero value DSDD177 - 26 to 89m intercept includes 1m core loss from 30m, 1m core loss from 39m, 1m core loss from 41m and 1m core loss from 61m, all taken as zero value DSDD179 - 31 to 46m intercept includes 1m core loss from 40m taken as zero value DSDD180 - 12 to 44m intercept includes 1m core loss from 39m taken as zero value DSDD183 - 21 to 29m intercept includes 0.7m core loss from 22m taken as zero value DSDD186 - 54 to 70m intercept includes 1m core loss from 57m and 1m core loss from 61m, all taken as zero value DSDD191 - 47 to 54.1m intercept includes 3m core loss from 50m taken as zero value DSDD192 - 47 to 61m intercept includes 1m core loss from 56m taken as zero value
Photos accompanying this announcement are available at:
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https://www.globenewswire.com/NewsRoom/AttachmentNg/055bd923-0364-43ee-9623-6c1dc98845be
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What updates did Fortuna Silver Mines Inc. provide regarding its exploration programs?
Fortuna Silver Mines Inc. provided updates on its exploration programs at the Séguéla Mine in Côte d’Ivoire and the Diamba Sud Gold Project in Senegal.
What significant discoveries were made at the Séguéla Mine?
Significant discoveries at the Séguéla Mine include the new Kingfisher prospect and high-grade intersections at the Koula deposit.
What are the objectives of the 2024 drilling program at the Diamba Sud Gold Project?
The objectives of the 2024 drilling program at the Diamba Sud Gold Project are to conduct confirmatory drilling, test for extensions to existing resources, and advance prospective areas.
Who is the Qualified Person overseeing the exploration programs?
Paul Weedon, Senior Vice President of Exploration for Fortuna Silver Mines Inc., is the Qualified Person overseeing the exploration programs.