Fortuna closes transaction for the Taviche Oeste Concession, and drills 427 g/t Ag and 2.77 g/t Au over 12.3 m on new extension zone at San Jose mine, Mexico

About this update from Fortuna Mining Corp.

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Feb. 4, 2013 /CNW/ - Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (BVL: FVI) (Frankfurt:\n F4S.F) is pleased to announce that the transaction to acquire the Taviche Oeste\n Concession (Fortuna news release January 24, 2013) has now closed.\n Fortuna has acquired a 55 percent interest in the property for a US$4\n million cash payment and entered into an option agreement whereby upon\n announcement of a production decision, Fortuna may purchase the\n remaining 45 percent interest for a US$6 million payment.  The Taviche\n Oeste concession is subject to NSR royalties totaling 2.5 percent.\n\n\nSan Jose Drilling Results\n\n\nFortuna is also pleased to report the results of exploration drilling\n carried out to test for extensions to depth and to the north of the\n Trinidad ore shoot at the San Jose Mine in Mexico.\n\n\nHighlights:\n\n\n\nSJO-261\n\n\n\n241 g/t Ag and 1.57 g/t Au (330 g/t Ag Eq) over estimated true width of\n 10.7 m, and\n\n\n1370 g/t Ag and 7.89 g/t Au (1817 g/t Ag Eq) over estimated true width\n of 2.4 m\n\n\n\nSJO-266\n\n\n\n427 g/t Ag and 2.77 g/t Au (584 g/t Ag Eq) over estimated true width of\n 12.3 m, and\n\n\n532 g/t Ag and 3.44 g/t Au (727 g/t Ag Eq) over estimated true width of\n 2.4 m, and\n\n\n867 g/t Ag and 4.36 g/t Au (1114 g/t Ag Eq) over estimated true width of\n 1.8 m\n\n\n\nSJO-268\n\n\n\n320 g/t Ag and 1.45 g/t Au (402 g/t Ag Eq) over estimated true width of\n 7.2 m\n\n\n\n\nDr. Thomas Vehrs, VP Exploration, commented: \"The extension of the\n Trinidad ore shoot to the north and to depth beyond the limits of the\n currently defined mineral resources provides Fortuna with a significant\n opportunity for expansion of the mineral resources and reserves at the\n San Jose Mine. With the completion of our acquisition of the Taviche\n Oeste concession, Fortuna is now positioned to continue the exploration\n of the Trinidad deposit to the north and to further explore extensions\n of the mineralized system to the south.\"\n\n\nFull assay results for the principal mineralized intervals in the\n fourteen drill holes completed in 2012 are appended to this news\n release. The drilling has successfully demonstrated the continuation of\n robust ore grade mineralization in the Trinidad ore shoot to depth and\n to the north with the mineralization remaining open in both directions.\n...

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