Business
Fortuna completes transaction to purchase 100% of the Taviche Oeste Concession
VANCOUVER , June 19, 2013 /CNW/ - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL...
About this update from Fortuna Mining Corp.
[{"type":"text","content":"\n\n\nVANCOUVER, June 19, 2013 /CNW/ - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt:\n F4S.F) is pleased to announce that the company has made the final US$6.0\n million option payment to purchase the remaining 45% interest in the\n Taviche Oeste Concession.  Fortuna now holds a 100% undivided interest\n in the Taviche Oeste concession which contains the Trinidad North\n discovery. The company will continue to advance exploration efforts on\n the high-grade silver-gold Trinidad North discovery which remains open\n to the north and to depth.\n\n\nCommenting on the acquisition, Jorge A. Ganoza, President and CEO, said,\n \"Given the exciting exploration success at Trinidad North, the company\n believes it is prudent to control 100% interest as we work to put this\n new high-grade silver-gold mineralized area into production by early\n 2015.\"  Mr. Ganoza continued, \"We expect to announce an initial\n resource estimation for Trinidad North during the fourth quarter of\n 2013.\"\n\n\nFortuna Silver Mines Inc.\n\n\nFortuna is a growth oriented, silver and base metal producer focused on\n mining opportunities in Latin America.  Our primary assets are the\n Caylloma silver mine in southern Peru and the San Jose silver-gold mine\n in Mexico.  The company is selectively pursuing additional acquisition\n opportunities.  For more information, please visit our website at www.fortunasilver.com.\n\n\nON BEHALF OF THE BOARD\n\n\nJorge A. Ganoza\nPresident, CEO and Director\nFortuna Silver Mines Inc.\n\n\nTrading symbols: NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F\n\n\n\n\n\nForward-Looking Statements\n\n\nThis news release contains forward-looking statements which constitute\n \"forward-looking information\" within the meaning of applicable Canadian\n securities legislation and \"forward-looking statements\" within the\n meaning of the \"safe harbor\" provisions of the Private Securities\n Litigation Reform Act of 1995.  Forward-looking statements are\n statements that are not historical facts and that are subject to a\n variety of risks and uncertainties which could cause actual events or\n results to differ materially from those reflected in the\n forward-looking statements.  When used in this document, the words such\n as \"anticipates\", \"believes\", \"plans\", \"estima...