Fortuna Mining Corp. Reports High-Grade Gold Discoveries

Author: Kelly Martin Updated: 09-12-2024 05:15 AM

Exploration Update on Diamba Sud Gold Project

VANCOUVER, British Columbia – Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) has exciting news from its exploration activities at the Diamba Sud Gold Project. As the company continues to build its gold portfolio, recent drilling results have unveiled significant high-grade gold intersections, indicating great potential for further expansion and development.

Key Takeaways from Diamba Sud Project

According to Paul Weedon, the Senior Vice President of Exploration at Fortuna Mining Corp, the company has focused on enhancing previously identified anomalies in the Western Splay prospect. Notable findings include an impressive intersection of 6.9 g/t Au over a true width of 33.3 meters from depth in drill hole DSDD293, as well as another striking result of 8.9 g/t Au over an estimated width of 27.7 meters from hole DSR680.

Western Splay and Karakara Prospects

The drilling at Western Splay has produced several promising highlights:

DSDD293: 6.9 g/t Au over 33.3 meters, including 3.9 meters of higher grade mineralization.
DSDD301: 5.9 g/t Au across 8.9 meters.
DSR680: 8.9 g/t Au over 27.7 meters.

In addition to these results, the exploration at the Karakara prospect continues to yield positive findings.

Karakara Prospect Highlights

The Karakara prospect also showcases significant assay results, reflecting the ongoing promise of Fortuna’s exploration endeavors:

DSDD300: 8.8 g/t Au over 6.4 meters.
DSDD331: 5.3 g/t Au over 9.6 meters.
DSR749: 4.9 g/t Au over 12.8 meters.

Project Development and Future Plans

This year’s exploration activities at Diamba Sud involved drilling a total of 13,319 meters across 95 drill holes. The focus remains on expanding the extent of the Western Splay, Kassasoko, Bougouda, and Karakara prospects. Encouraging results from ongoing drilling operations are expected to significantly contribute to enlarging the overall resource base.

Ongoing Assessment of Geological Models

The Fortuna team has completed a comprehensive review of the geological models to improve the understanding of mineralization controls and relationships across the different prospects within the Diamba Sud Project. By refining these models, the company has established additional targets for future exploration and development.

Quality Control Measures

Fortuna maintains rigorous quality assurance and quality control protocols for its drill programs. Each drilling activity is meticulously supervised, and the collected samples undergo thorough processing and testing to ensure accurate results. The company employs both reverse circulation and diamond core drilling techniques in its exploration efforts.

About Fortuna Mining Corp.

Fortuna Mining Corp. is a distinguished Canadian precious metals mining company, operating mines in various global markets. With a dedication to sustainability and shared value generation for its stakeholders, Fortuna is engaged in responsibly producing gold and silver while contributing to environmental protection and social responsibility.

Frequently Asked Questions

What are the primary findings from the Diamba Sud Project?

The most notable findings include 6.9 g/t Au over 33.3 meters from drill hole DSDD293 and 8.9 g/t Au over 27.7 meters from drill hole DSR680.

What drilling methods does Fortuna Mining Corp. utilize?

Fortuna employs both reverse circulation (RC) and diamond core drilling methods which are tailored to their exploration strategies.

How does the latest exploration impact Fortuna's future?

The promising results bolster Fortuna's confidence in expanding its gold resource portfolio, raising expectations for further discoveries.

What is the significance of the Karakara and Western Splay prospects?

Both prospects have demonstrated high-grade gold intersections and are expected to contribute significantly to the overall resource potential.

What commitment does Fortuna have towards sustainability?

Fortuna integrates sustainability into all its operations, focusing on environmental protection and social responsibility to benefit its stakeholders.

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