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Fortuna cuts 2.2 kg/t Ag + 9.6 g/t Au over 9.2m in upper portion of Animas Vein, Caylloma Mine, Peru
Fortuna cuts 2.2 kg/t Ag + 9.6 g/t Au over 9.2m in upper portion of Animas Vein, Caylloma Mine, Peru
About this update from Fortuna Mining Corp.
[{"type":"text","content":"\n\n\n\n May 12, 2010 (Canada NewsWire Group) -- Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) is pleased to announce the results of drilling completed in the upper portion of the Animas Vein at the Caylloma Mine in southern Peru. Exploration raises and cross-cuts completed in late 2009 and early 2010 along the Animas structure above level 6 of the mine cut high-grade silver-gold mineralization as previously reported (see Fortuna news release dated Feb. 2, 2010).\n\n\n >\n\n\nWidths given are estimated true widths based on the orientation of the drill holes relative to the Animas Vein. The drilling tested the Animas Vein mineralization over a strike length of 500m and vertically from level 6 to the surface, a distance of 150 to 200m along the inclination of the vein.\nThe full assay results from all twenty drill holes completed in the upper portion of the Animas Vein are summarized below with length-weighted assay averages calculated for the mineralized intervals. The new silver results compare extremely favorably to the 156g/t Ag average Proven and Probable Reserve (P&P) grade for Caylloma with sixty percent of the holes returning higher silver grades (see Fortuna news release dated July 16, 2009):\n\n\n >\n\n\nAssay results:\n\n\n >\n\n\nThe location of the drill holes relative to the underground workings is indicated in the longitudinal section of the Animas Vein which is available for viewing at:\nhttp://www.fortunasilver.com/i/pdf/Caylloma_Animas_L6_long_section_23APR2010.pdf\nThe full results of the drilling and sampling of the underground workings are currently being compiled and interpreted in preparation for completion of a new resource and reserve estimate for the upper portion of the Animas Vein. Development of the 6th level is in progress and will allow the rapid integration of the new resources into the current mine plan.\n\nDon Luis II Exploration Target\n\nExploration drilling of the Don Luis II Vein prospect has been initiated where surface sampling and mapping have identified mineralized structures with strong silver and gold mineralization. Surface channel samples collected over a strike length of 400m at the Don Luis II Vein include 9.89 g/t Au and 347 g/t Ag (sample 251778), 10.0 g/t Au and 93.5 g/t Ag (sample 251740) and 1.16 g/t Au and 1250 g/t Ag (sample 251751). Seven drill holes totalin...