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Fortuna Mining updates Mineral Reserves and Mineral Resources for the Séguéla Mine, Côte d'Ivoire
VANCOUVER, British Columbia, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce updated Mineral Reserves and M
About this update from Fortuna Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce updated Mineral Reserves and Mineral Resources at its Séguéla Mine with the discovery of over 500,000 gold ounces of new Inferred Resources. Jorge A. Ganoza, President and CEO, commented, “Our exploration programs in 2024 have successfully grown our Inferred Resources to 677,000 gold ounces, including the contribution of four new mineral deposits.” Mr. Ganoza added, “These new resources come from a growing pipeline of deposits that are planned for further expansion and definition drilling in 2025 as we look for opportunities to replace annual production related depletion and expand reserves.\" Updated Mineral Reserve and Mineral Resources highlights Proven and Probable Mineral Reserves are reported containing 1.0 Moz Au. Measured and Indicated Resources exclusive of Mineral Reserves are reported containing 396,000 oz Au. Inferred Mineral Resources are reported containing 677,000 oz Au which includes maiden Inferred Resources containing 294,000 oz for Kingfisher and 61,000 oz for Badior, as well as an additional 141,000 oz Au of underground Inferred Resource at the Sunbird deposit. Primary drivers for changes in Mineral Reserves and Mineral Resources are production related depletion and the addition of new Inferred Resources as a result of the ongoing exploration drilling activities. For the full year 2024, the Séguéla Mine is expected to produce at the upper range of 126,000 to 138,000 gold ounces. Paul Weedon, Senior Vice President, Exploration, commented, \"The Kingfisher deposit has emerged as an important discovery which remains open along strike and at depth, providing excellent potential for additional growth.\" Mr. Weedon concluded, \"There remains a host of further exploration targets ranked for priority drill testing as we continue to explore the ultimate potential scale of our property package of 62,000 hectares.\" Fortuna estimates the Kingfisher deposit contains an Inferred Mineral Resource of 4.0 Mt at an average grade of 2.29 g/t Au containing 294,000 gold ounces, and the Badior deposit contains an Inferred Mineral Resource of 470,000 tonnes at an average grade of 4.05 g/t Au containing 61,000 gold ounces. The updated Inferred Mineral Resource will not materially change ...