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home / news releases / FSM - Fortuna intersects 17.2 g/t Au over 30m at Sunbird Prospect Séguéla Cote d'Ivoire and 17.9 g/t Au over 5.4m at Galgouli Prospect Boussoura Burkina Faso


FSM - Fortuna intersects 17.2 g/t Au over 30m at Sunbird Prospect Séguéla Cote d'Ivoire and 17.9 g/t Au over 5.4m at Galgouli Prospect Boussoura Burkina Faso

VANCOUVER, British Columbia, Sept. 07, 2021 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce continued high-grade results from recent extension and scout drilling at its projects in Cote d’Ivoire and Burkina Faso in West Africa.

Paul Weedon, Vice President of Exploration - West Africa, commented, “The exploration teams at Burkina Faso and Cote d’Ivoire have continued to advance the exploration understanding of key structures and controls on mineralization in both the Sunbird and Galgouli projects with excellent results highlighting the potential for setting up several new targets and extensions to the known deposits at Séguéla and mineralization at Boussoura.” Mr. Weedon continued, “The company is looking forward to the continued growth from both projects as we head into the second half of the year, with Gabbro North and Sunbird emphasising the potential of Séguéla, and the continuing success of scout drilling at Boussoura in expanding the mineralized footprint.”

Séguéla drill highlights 1 include:

Sunbird

  • SGDD089: 17.2 g/t Au over 30 meters from 142 meters
  • SGDD087: 2.9 g/t Au over 20 meters from 110 meters
  • SGRC1306 : 2.7 g/t Au over 12 meters from 63 meters

Koula

  • SGRD1217: 28.8 g/t Au over 7 meters from 80 meters (Hanging wall lode)
  • SGRD1209: 19.8 g/t Au over 11 meters from 124 meters, including 83.3 g/t Au over 3 meters from 128 meters (Hanging wall lode)
  • SGDD085: 6.1 g/t Au over 18 meters from 246 meters (Central lode)

Gabbro North

  • SGRC1236: 23.0 g/t Au over 4 meters from 109 meters, and 9.2 g/t Au over 5 meters from 117 meters
  • SGRC1239: 2.5 g/t Au over 5 meters from 17 meters

Boussoura drill highlights 1 include:

Fofora Scout Drilling

  • FFR259: 6.5 g/t Au over 6 meters from 35 meters (VC4)
  • FFR264: 5.2 g/t Au over 6 meters from 94 meters (VC4)
  • RC125: 12.9 g/t Au over 5 meters from 24 meters and 2.5 g/t Au over 7 meters from 57 meters (VC1)

Fofora Main Drilling

  • FFR272: 6.7 g/t Au over 4 meters from 127 meters and 9.9 g/t Au over 8 meters from 136 meters
  • FFR270: 1.0 g/t Au over 27 meters from 40 meters, 11.4 g/t Au over 3 meters from 141 meters, and 1.5 g/t Au over 10 meters from 197 meters

Galgouli Central

  • GAL055: 17.9 g/t Au over 5.4 meters from 232.2 meters, including 87.4 g/t Au over 0.95 meters from 235.05 meters
  • GAL065: 6.6 g/t Au over 4.8 meters from 253.2 meters, including 58.9 g/t Au over 0.5 meters from 255.65 meters

Galgouli Regional

  • RC096: 22.2 g/t Au over 2 meters from 100 meters
  • RC077: 18.1 g/t Au over 1 meter from 44 meters and 7.8g/t Au over 2 meters from 53 meters

Note:

  1. All intervals are down hole lengths which represent approximately 70% true width

Séguéla gold Project, Cote d’Ivoire

Exploration activities at the Séguéla gold Project (see Figure 1) have continued to advance the high-grade Koula deposit with step-out drilling intersecting a new zone of hanging wall mineralization as well as infilling the extension of the high-grade Koula structure. The combined 7,115-meter, 24-hole Hanging Wall (HW) and Main Zone program, which started in April 2021 is now completed. The significance of the results, including 28.8 g/t gold over 7 meters (refer to the Appendix, drill hole SGRD1217) and 19.8 g/t gold over 11 meters (refer to the Appendix, drill hole SGRD1209 and to Figure 2) and the proximity to the Stage Two Pit Shell are being evaluated. Mineralization remains open at depth on the main Koula structure while the hanging wall mineralization highlights the potential for additional structures at depth.

Depth extension drilling at Sunbird, as part of the recently completed 1,774 meter, 11-hole program which started in May 2021, has extended the mineralized envelope. Results including 17.2 g/t gold over 30 meters (refer to the Appendix, drill hole SGDD089) and 3.2 g/t gold over 28 metres (refer to the Appendix, drill hole SGDD088) highlight the depth potential with the deepest drilling less than 200 meters below surface (refer to Figure 3). In addition, Sunbird is demonstrating very similar structural and lithological controls to those identified at the Koula and Ancien deposits. Mineralization remains open at depth and along strike with more than 1 kilometer of mineralized strike drill tested to date.

Further high-grade results, including 23.0 g/t gold over 4 meters (refer to the Appendix, drill hole SGRC1236), have been returned from the 14-hole, 2,070-meter additional scout drilling program completed in August at Gabbro North (refer to Figure 4), following up from previous high-grade results intersected in the first scout drilling phase in the second quarter of 2021. Drilling only tested the southern zone of known mineralization with mineralization now delineated along a 300-meter strike and where it remains open along strike and at depth.

Figure 1 . Séguéla deposits and satellite prospects

https://www.globenewswire.com/NewsRoom/AttachmentNg/e7992d3c-aa22-4cf8-b137-2f4a38e1c4d8

Figure 2. Koula long section with recent assay results

https://www.globenewswire.com/NewsRoom/AttachmentNg/73281e74-2a53-4279-a73f-6845e56a3ae7

Figure 3 . Sunbird long section with recent assay results

https://www.globenewswire.com/NewsRoom/AttachmentNg/3b6d56f9-58dc-4aab-82d5-61d04ebe0f91

Figure 4 . Gabbro North long section with recent assay results

https://www.globenewswire.com/NewsRoom/AttachmentNg/c4451b62-2683-42aa-9df2-9bc582b0a0ef

Boussoura, Burkina Faso

Exploration activities at Boussoura where a 47-hole, 5,958-meter program since March 2021 has continued to advance Fofora Main where infill and extension drilling has increased the confidence in the structural controls of mineralization, with several additional high-grade intervals returned, including 9.9 g/t gold over 8 meters (refer to the Appendix, drill hole FFR272). Scout drilling at the adjacent vein corridors to the west continues to highlight the regional potential, with drilling on vein corridors VC4 and VC5 intersecting extensive zones of alteration and associated quartz veining and mineralization.

Further south at Galgouli, a 12-hole, 3,419-meter program depth extension drilling on the central zone testing the structural controls and concluded in July was successful in identifying extensions to the high-grade shoots at depth with results including 17.9 g/t gold over 5.4 meters (refer to the Appendix, drill hole GAL055). A 32-hole, 4,022-meter scout drilling program was also successful in identifying high-grade mineralization approximately 1 kilometer to the south and south-east of the central Galgouli zone, testing interpreted parallel structures (10.9 g/t gold over 2 meters; refer to the Appendix, drill hole RC098) and a possible regional scale cross-structure (22.2 g/t gold over 2 meters; refer to the Appendix, drill hole RC096). A total of 44 holes have been completed for a total of 7,444 meters since April 2021.

Figure 5. Boussoura Project location on Houndé Belt, Burkina Faso (Roxgold August 2021)

https://www.globenewswire.com/NewsRoom/AttachmentNg/d1410455-0766-40e5-a651-3cf7d13f91da

Figure 6 . Fofora plan view with recent results (All grades represent grams per tonne gold)

https://www.globenewswire.com/NewsRoom/AttachmentNg/61fb735b-2be3-402e-a604-e9c054cc1e11

Figure 7 . Galgouli plan view with recent results for Galgouli Central and scout drilling (All grades represent grams per tonne gold)

https://www.globenewswire.com/NewsRoom/AttachmentNg/cf190747-a768-41f4-9298-7b2b5068c91b

Quality Assurance & Quality Control (QA-QC)

All drilling data completed by the Company utilized the following procedures and methodologies. All drilling was carried out under the supervision of the company’s personnel.

All RC drilling at Séguéla and Boussoura used a 5.25-inch face sampling pneumatic hammer with samples collected into 60-liter plastic bags. Samples were kept dry by maintaining enough air pressure to exclude groundwater inflow. If water ingress exceeded the air pressure, RC drilling was stopped, and drilling converted to diamond core tails. Once collected, RC samples were riffle split through a three-tier splitter to yield a 12.5% representative sample for submission to the analytical laboratory. The residual 87.5% sample were stored at the drill site until assay results were received and validated. Coarse reject samples for all mineralized samples corresponding to significant intervals are retained and stored on-site at the Company controlled core yard.

All DD drill holes at Séguéla and Boussoura were drilled with HQ sized diamond drill bits. The core was logged, marked up for sampling using standard lengths of one meter or to a geological boundary. Samples were then cut into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the Company core yard at the relevant project site (Séguéla or Boussoura). The other half was sampled, catalogued and placed into sealed bags and securely stored at the site until shipment.

All Séguéla RC and DD core samples were shipped to ALS Laboratories preparation laboratory in Yamoussoukro for preparation while all Boussoura samples were direct shipped to ALS Laboratories in Ouagadougou for preparation. Séguéla samples were shipped via commercial courier to ALS’s facility in Ouagadougou, Burkina Faso. Routine gold analysis using a 50-gram charge and fire assay with an atomic absorption finish was completed for all Boussoura and Séguéla samples. Quality control procedures included the systematic insertion of blanks, duplicates and sample standards into the sample stream. In addition, the ALS laboratory inserted its own quality control samples.

Qualified Person

Paul Weedon, Vice President of Exploration - West Africa for Fortuna Silver Mines Inc., is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects , being a member of the Australian Institute for Geoscientists (Membership #6001). Mr. Weedon has reviewed and approved the scientific and technical information contained in this news release. Mr. Weedon has verified the data disclosed, and the sampling, analytical and test data underlying the information or opinions contained herein by reviewing geochemical and geological databases and reviewing diamond drill core.  There were no limitations to the verification process.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and an advanced development project in Côte d’Ivoire. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website .

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Silver Mines Inc.

Investor Relations:
Carlos Baca | E: info@fortunasilver.com

APPENDIX : Séguéla drill program results

HoleID
Easting 1
Northing 1
Elevation
EOH
Depth
UTM
Azimuth
Dip
Depth
From
(m)
Depth
To

(m)
Down Hole
Width

(m)
Est.
True
Width
Au
(ppm)
Hole
Type
Area
SGDD085





742497





895371





418





326.6





108





-62
246
264
18
12.6
6.10
DD
Koula
including
250
251
1
0.7
18.90
DD
Koula
and
252
253
1
0.7
10.65
DD
Koula
and
256
257
1
0.7
54.70
DD
Koula
SGDD092
742435
895316
406
351.6
108
-64
NSI
DD
Koula
SGDD093
742454
895362
414
396.5
108
-62
374
380
6
4.2
2.05
DD
Koula
SGDD094
742283
895052
384
492.5
108
-62
NSI
DD
Koula
SGRD1208
742459
895366
447
387.5
110
-60
NSI
RCD
Koula
SGRD1209



742442



895263



437



324.5



108



-62
124
135
11
7.7
23.95
RCD
Koula
including
128
131
3
2.1
83.27
RCD
Koula
including
129
130
1
0.7
156.00
RCD
Koula
SGRC1210
742380
895230
397
60.0
108
-62
NSI
RC
Koula
SGRD1211

742401

895223

427

396.8

108

-62
204
212
8
5.6
4.38
RCD
Koula
including
208
209
1
0.7
13.65
RCD
Koula
SGRD1212
742338
895141
419
453.6
108
-62
NSI
RCD
Koula
SGRD1213
742376
895182
422
390.7
108
-62
198
199
1
0.7
10.90
RCD
Koula
SGRD1214
742394
895171
396
351.5
108
-62
NSI
RCD
Koula
SGRD1215

742415

895216

427

345.8

108

-62
154
164
10
7
2.71
RCD
Koula
including
157
158
1
0.7
15.00
RCD
Koula
SGRD1216

742479

895300

412

285.5

108

-62
249
258
9
6.3
1.61
RCD
Koula
and
280
283
3
2.1
2.66
RCD
Koula
SGRD1217



742459



895253



437



282.7



108



-62
80
87
7
4.9
28.78
RCD
Koula
including
83
85
2
1.4
56.70
RCD
Koula
And
86
87
1
0.7
68.40
RCD
Koula
SGRD1218

742424

895268

436

351.6

108

-62
166
176
10
7
0.85
RCD
Koula
and
312
325
13
9.1
1.18
RCD
Koula
SGRD1219
742357
895133
419
408.6
108
-62
NSI
RCD
Koula
SGRD1220
742319
895092
416
432.5
108
-62
267
271
4
2.8
2.08
RCD
Koula
SGRD1221
742511
895234
434
123.5
110
-60
NSI
RCD
Koula
SGRD1222
742489
895241
433
150.5
110
-60
10
15
5
3.5
1.93
RCD
Koula
SGRD1223
742464
895197
401
120.0
110
-60
45
46
1
0.7
6.67
RCD
Koula
SGRD1224
742442
895205
428
150.8
110
-60
NSI
RCD
Koula
SGRD1225
742440
895154
427
120.5
110
-60
NSI
RCD
Koula
SGRD1226
742416
895164
425
150.8
110
-60
NSI
RCD
Koula
SGRD1227

742501

895291

411

260.0

110

-60
44
46
2
1.4
3.25
RCD
Koula
and
222
227
5
3.5
1.51
RCD
Koula
SGDD087

742852

893012

516

190.4

270

-60
110
130
20
14
2.93
DD
Sunbird
including
116
117
1
0.7
27.60
DD
Sunbird
SGDD088









742939









893390









509









199.3









270









-60
112
114
2
1.4
6.86
DD
Sunbird
including
112
113
1
0.7
11.50
DD
Sunbird
and
160
188
28
19.6
3.21
DD
Sunbird
including
163
164
1
0.7
22.10
DD
Sunbird
and
169
170
1
0.7
10.50
DD
Sunbird
and
187
188
1
0.7
15.15
DD
Sunbird
SGDD089













742749













893238













482













174.4













90













-60
17
21
4
2.8
2.78
DD
Sunbird
and
142
172
30
21
17.16
DD
Sunbird
including
142
144
2
1.4
26.70
DD
Sunbird
and
146
147
1
0.7
32.80
DD
Sunbird
and
148
149
1
0.7
12.50
DD
Sunbird
and
154
156
2
1.4
52.90
DD
Sunbird
and
157
165
8
5.6
24.81
DD
Sunbird
and
166
167
1
0.7
78.40
DD
Sunbird
SGDD090

742620

892814

552

225.4

90

-60
189
192
3
2.1
2.77
DD
Sunbird
and
207
212
5
3.5
1.11
DD
Sunbird
SGRC1302
742760
892715
537
133.0
270
-60
111
112
1
0.7
7.58
RC
Sunbird
SGRC1303
742790
892711
549
168.0
270
-60
Not assayed
abandoned
RC
Sunbird
SGRC1304
742940
893437
502
144.0
270
-60
NSI
RC
Sunbird
SGRC1305
742898
893663
460
78.0
270
-60
NSI
RC
Sunbird
SGRC1306
742927
893662
462
120.0
270
-60
63
75
12
8.4
2.67
RC
Sunbird
SGRC1307
742864
892910
507
108.0
270
-60
NSI
RC
Sunbird
SGRC1308
742823
892763
552
234.0
270
-60
NSI
RC
Sunbird
SGRC1228
744610
900650
507
110.0
90
-60
12
22
10
7
1.37
RC
Gabbro North
SGRC1229
744585
900650
506
160.0
90
-60
NSI
RC
Gabbro North
SGRC1230
744560
900650
505
210.0
90
-60
NSI
RC
Gabbro North
SGRC1231
744610
900550
523
120.0
90
-60
NSI
RC
Gabbro North
SGRC1232
744560
900550
525
210.0
90
-60
163
168
5
3.5
1.94
RC
Gabbro North
SGRC1233
744610
900450
537
98.0
90
-60
NSI
RC
Gabbro North
SGRC1234
744585
900450
537
18.0
90
-60
Not assayed
abandoned
RC
Gabbro North
SGRC1235
744585
900450
537
157.0
90
-60
NSI
RC
Gabbro North
SGRC1236





744560





900450





539





210.0





90





-60
109
113
4
2.8
23.03
RC
Gabbro North
including
111
112
1
0.7
86.40
RC
Gabbro North
and
117
122
5
3.5
9.19
RC
Gabbro North
including
117
119
2
1.4
16.33
RC
Gabbro North
SGRC1237
744610
900350
532
110.0
90
-60
NSI
RC
Gabbro North
SGRC1238
744585
900350
532
162.0
90
-60
156
159
3
2.1
1.71
RC
Gabbro North
SGRC1239
744560
900350
533
210.0
90
-60
17
22
5
3.5
2.45
RC
Gabbro North
SGRC1240
744450
900100
505
150.0
90
-60
NSI
RC
Gabbro North
SGRC1241
744400
900100
515
150.0
90
-60
NSI
RC
Gabbro North

Notes:
1. UTM coordinate system WGS84 29N
2. NSI: No Significant Intersect

APPENDIX : Boussoura drill program results

HoleID
Easting 1
Northing 1
Elevation
EOH
Depth
UTM
Azimuth
Dip
Depth
From

(m)
Depth
To

(m)
Down Hole
Width

(m)
Est.
True
Width
Au
(ppm)
Hole
Type
Area
BSR-21-RD-GAL-052
448342
1108445
400
240.0
59
-54
205.9
209.0
3.1
2.2
1.7
RD
Galgouli
BSR-21-RD-GAL-055

448122

1108786

394

282.0

36

-57
232.2
237.6
5.4
3.8
17.9
RD
Galgouli
including
235.1
236.0
0.9
0.7
87.4
Galgouli
BSR-21-RD-GAL-056







448175







1108929







399







255.0







60







-85
183.3
184.3
1.0
0.7
6.3
RD
Galgouli
and
197.1
204.0
6.9
4.9
6.1
Galgouli
including
197.1
198.0
0.9
0.7
32.2
Galgouli
including
201.3
202.0
0.7
0.5
13.6
Galgouli
and
223.4
226.3
3.0
2.1
2.0
Galgouli
BSR-21-RD-GAL-057
448238
1108713
396
200.0
77
-52
168.2
170.5
2.3
1.6
1.5
RD
Galgouli
BSR-21-RD-GAL-058

448215

1108673

396

254.0

58

-57
149.0
150.4
1.4
1.0
7.8
RD
Galgouli
including
149.0
149.6
0.6
0.4
17.5
Galgouli
BSR-21-RD-GAL-059

448214

1108675

396

261.2

65

-72
211.8
213.0
1.3
0.9
9.7
RD
Galgouli
including
211.8
212.4
0.6
0.4
19.2
RD
Galgouli
BSR-21-DD-GAL-060
448212
1108574
397
288.5
60
-60
242.6
244.2
1.6
1.1
4.0
DD
Galgouli
BSR-21-DD-GAL-061
448032
1108796
392
330.0
61
-58
314.9
315.9
1.0
0.7
22.0
DD
Galgouli
BSR-21-DD-GAL-062
447988
1108822
408
372.0
59
-56
354.8
356.5
1.8
1.2
0.6
DD
Galgouli
BSR-21-DD-GAL-063

447988

1108820

391

336.0

56

-47
307.1
307.8
0.7
0.5
5.5
DD
Galgouli
and
322.1
326.3
4.2
2.9
0.7
Galgouli
BSR-21-RD-GAL-064
448133
1108684
394
297.0
45
-53
242.2
247.1
4.9
3.4
0.6
RD
Galgouli
BSR-21-RD-GAL-065



448134



1108695



394



303.0



42



-62
253.2
258.0
4.8
3.4
6.6
RD
Galgouli
including
255.7
256.2
0.5
0.3
58.9
Galgouli
and
274.6
275.0
0.4
0.3
22.4
Galgouli
BSR-21-DD-FFR-229



















445490



















1122947



















453



















381



















65



















-55
60.3
62.0
1.7
1.2
1.6
DD
Fofora VC3
and
101.1
106.8
5.7
4.0
0.5
Fofora VC3
and
134.8
138.9
4.1
2.9
0.9
Fofora VC3
and
142.6
149.0
6.4
4.5
3.0
Fofora VC3
including
144.4
145.5
1.1
0.8
6.9
Fofora VC3
including
148.0
149.0
1.0
0.7
8.2
Fofora VC3
and
159.5
169.5
10.0
7.0
0.8
Fofora VC3
and
285.6
301.0
15.4
10.8
0.5
Fofora VC3
and
329.7
331.3
1.6
1.1
1.4
Fofora VC3
and
365.2
369.8
4.6
3.2
2.1
Fofora VC3
and
372.5
377.0
4.6
3.2
0.7
Fofora VC3
BSR-21-RD-FFR-230











445458











1123036











441











282











65











-55
106.8
116.0
9.2
6.4
0.9
RD
Fofora VC3
including
106.8
107.7
0.9
0.6
5.3
Fofora VC3
and
142.0
148.3
6.3
4.4
0.8
Fofora VC3
and
153.7
156.0
2.3
1.6
1.2
Fofora VC3
and
162.0
168.0
6.0
4.2
0.7
Fofora VC3
and
172.8
173.6
0.8
0.6
1.1
Fofora VC3
and
222.8
225.4
2.6
1.8
1.2
Fofora VC3
BSR-21-RC-FFR-233





445537





1120790





390





110





230





-50
16.0
17.0
1.0
0.7
0.8
RC
Fofora VC4
and
46.0
48.0
2.0
1.4
0.5
Fofora VC4
and
60.0
63.0
3.0
2.1
2.3
Fofora VC4
and
93.0
94.0
1.0
0.7
2.4
Fofora VC4
BSR-21-RC-FFR-236A

445303

1120880

414

135

230

-50
22.0
24.0
2.0
1.4
10.8
RC
Fofora VC5
including
23.0
24.0
1.0
0.7
20.7
Fofora VC5
BSR-21-RC-FFR-238
445395
1120957
411
104
230
-50
45.0
47.0
2.0
1.4
1.0
RC
Fofora VC4
BSR-21-RC-FFR-240

445483

1121033

391

108

230

-50
64.0
66.0
2.0
1.4
1.9
RC
Fofora VC4
and
77.0
80.0
3.0
2.1
2.2
Fofora VC4
BSR-21-RC-FFR-242
445262
1121132
402
102
230
-50
73.0
78.0
5.0
3.5
2.2
RC
Fofora VC5
BSR-21-RC-FFR-243
445311
1121171
401
160
230
-50
139.0
149.0
10.0
7.0
1.1
RC
Fofora VC5
BSR-21-RC-FFR-245

445398

1121239

398

102

230

-50
62.0
64.0
2.0
1.4
2.0
RC
Fofora VC4
and
84.0
89.0
5.0
3.5
0.8
Fofora VC4
BSR-21-RC-FFR-246
445152
1121842
438
117
260
-50
52.0
54.0
2.0
1.4
1.2
RC
Fofora VC4
BSR-21-RC-FFR-247A
446597
1123144
363
120
60
-50
69.0
70.0
1.0
0.7
2.0
RC
Fofora Regional
BSR-21-RC-FFR-248
445331
1122071
429
102
90
-50
77.0
80.0
3.0
2.1
0.5
RC
Fofora Regional
BSR-21-RC-FFR-249A

446649

1123173

361

108

60

-50
1.0
5.0
4.0
2.8
0.6
RC
Fofora Regional
and
11.0
18.0
7.0
4.9
1.1
Fofora Regional
BSR-21-RC-FFR-250
446702
1123201
360
102
60
-50
98.0
102.0
4.0
2.8
0.4
RC
Fofora Regional
BSR-21-RC-FFR-257
446522
1123593
383
102
270
-50
64.0
68.0
4.0
2.8
1.3
RC
Fofora Regional
BSR-21-RC-FFR-259



444643



1123275



412



100



245



-50
35.0
41.0
6.0
4.2
6.5
RC
Fofora VC4
including
36.0
38.0
2.0
1.4
16.6
Fofora VC4
and
82.0
88.0
6.0
4.2
0.4
Fofora VC4
BSR-21-RC-FFR-260
444684
1123300
413
108
245
-50
61.0
63.0
2.0
1.4
1.2
RC
Fofora VC4
BSR-21-RC-FFR-261

445229

1122076

430

106

270

-50
32.0
37.0
5.0
3.5
0.7
RC
Fofora VC4
and
88.0
92.0
4.0
2.8
1.2
Fofora VC4
BSR-21-RC-FFR-262



445208



1122109



432



117



270



-50
1.0
6.0
5.0
3.5
0.4
RC
Fofora VC4
and
18.0
23.0
5.0
3.5
0.4
Fofora VC4
and
45.0
51.0
6.0
4.2
0.9
Fofora VC4
BSR-21-RC-FFR-263

445235

1122111

429

102

270

-50
50.0
53.0
3.0
2.1
0.6
RC
Fofora VC4
and
93.0
97.0
4.0
2.8
0.7
Fofora VC4
BSR-21-RC-FFR-264

445254

1122032

431

120

270

-50
94.0
100.0
6.0
4.2
5.2
RC
Fofora VC4
including
95.0
96.0
1.0
0.7
19.9
Fofora VC4
BSR-21-RC-FFR-265A
445233
1122032
428
105
270
-50
52.0
57.0
5.0
3.5
0.6
RC
Fofora VC4
BSR-21-RC-FFR-266

446652

1122917

366

72

50

-55
31.0
39.0
8.0
5.6
0.7
RC
Fofora Main
and
58.0
60.0
2.0
1.4
2.2
Fofora Main
BSR-21-RC-FFR-267

446557

1122766

370

180

50

-55
142.0
152.0
10.0
7.0
2.0
RC
Fofora Main
149.0
150.0
1.0
0.7
12.4
Fofora Main
BSR-21-RC-FFR-268











446562











1122836











379











150











50











-55
69.0
72.0
3.0
2.1
2.7
RC
Fofora Main
including
70.0
71.0
1.0
0.7
6.5
Fofora Main
and
76.0
79.0
3.0
2.1
0.5
Fofora Main
and
110.0
113.0
3.0
2.1
4.8
Fofora Main
including
110.0
111.0
1.0
0.7
8.7
Fofora Main
and
119.0
125.0
6.0
4.2
3.5
Fofora Main
including
124.0
125.0
1.0
0.7
13.0
Fofora Main
BSR-21-RC-FFR-269



446487



1122895



375



122



50



-55
26.0
28.0
2.0
1.4
2.2
RC
Fofora Main
and
88.0
92.0
4.0
2.8
2.5
Fofora Main
including
89.0
90.0
1.0
0.7
8.0
Fofora Main
BSR-21-RC-FFR-270















446512















1122725















367















228















50















-50
28.0
31.0
3.0
2.1
1.5
RC
Fofora Main
and
40.0
67.0
27.0
18.9
1.0
Fofora Main
including
62.0
63.0
1.0
0.7
7.0
Fofora Main
and
141.0
144.0
3.0
2.1
11.4
Fofora Main
including
141.0
142.0
1.0
0.7
30.8
Fofora Main
and
148.0
152.0
4.0
2.8
0.7
Fofora Main
and
181.0
193.0
12.0
8.4
0.5
Fofora Main
and
197.0
207.0
10.0
7.0
1.5
Fofora Main
including
204.0
205.0
1.0
0.7
10.5
Fofora Main
BSR-21-RC-FFR-271



446451



1122862



382



186



50



-55
143.0
148.0
5.0
3.5
1.5
RC
Fofora Main
and
152.0
158.0
6.0
4.2
0.4
Fofora Main
and
165.0
168.0
3.0
2.1
1.6
Fofora Main
BSR-21-RC-FFR-272









446451









1122884









378









180









50









-52
108.0
116.0
8.0
5.6
1.2
RC
Fofora Main
including
115.0
116.0
1.0
0.7
6.0
Fofora Main
and
127.0
131.0
4.0
2.8
6.7
Fofora Main
including
129.0
130.0
1.0
0.7
18.4
Fofora Main
and
136.0
144.0
8.0
5.6
9.9
Fofora Main
including
142.0
144.0
2.0
1.4
34.3
Fofora Main
BSR-21-RC-FFR-273







446628







1122889







369







96







45







-53
36.0
37.0
1.0
0.7
5.0
RC
Fofora Main
and
38.0
40.0
2.0
1.4
4.3
Fofora Main
and
68.0
70.0
2.0
1.4
3.4
Fofora Main
and
86.0
94.0
8.0
5.6
3.8
Fofora Main
including
89.0
91.0
2.0
1.4
11.2
Fofora Main
BSR-21-RC-FFR-274









446587









1122860









359









125









50









-55
25.0
29.0
4.0
2.8
1.3
RC
Fofora Main
and
37.0
40.0
3.0
2.1
8.3
Fofora Main
including
38.0
39.0
1.0
0.7
15.5
Fofora Main
and
76.0
87.0
11.0
7.7
0.7
Fofora Main
and
95.0
102.0
7.0
4.9
5.9
Fofora Main
including
99.0
100.0
1.0
0.7
34.5
Fofora Main
BSR-21-RC-FFR-275
446395
1122950
379
162
90
-50
100.0
102.0
2.0
1.4
3.2
RC
Fofora Main
BSR-21-RC-FFR-277







446501







1122785







383







190







50







-55
63.0
66.0
3.0
2.1
0.9
RC
Fofora Main
and
129.0
132.0
3.0
2.1
2.6
Fofora Main
and
166.0
168.0
2.0
1.4
4.3
Fofora Main
and
185.0
190.0
5.0
3.5
5.2
Fofora Main
including
186.0
188.0
2.0
1.4
9.6
Fofora Main
BSR-21-RC-FFR-278

445865

1122552

406

42

68

-50
13.0
15.0
2.0
1.4
0.4
Fofora VC2
and
33.0
37.0
4.0
2.8
0.8
Fofora VC2
BSR-21-RC-FFR-279
445903
1122445
409
48
68
-50
1.0
13.0
12.0
8.4
1.0
RC
Fofora VC2
BSR-21-RC-FFR-281



445782



1122515



429



159



68



-50
33.0
35.0
2.0
1.4
1.3
RC
Fofora VC2
and
45.0
49.0
4.0
2.8
1.2
Fofora VC2
and
112.0
119.0
7.0
4.9
0.3
Fofora VC2
BSR-21-RC-FFR-282



445869



1122430



417



96



68



-50
21.0
23.0
2.0
1.4
2.5
RC
Fofora VC2
and
40.0
52.0
12.0
8.4
1.2
Fofora VC2
and
65.0
76.0
11.0
7.7
0.4
Fofora VC2
BSR-21-RC-FFR-283



445892



1122381



415



84



68



-50
16.0
24.0
8.0
5.6
0.7
RC
Fofora VC2
and
28.0
41.0
13.0
9.1
0.9
Fofora VC2
and
63.0
67.0
4.0
2.8
1.1
Fofora VC2
BSR-21-RC-FFR-284
445951
1122354
401
38
68
-50
29.0
38.0
9.0
6.3
0.5
RC
Fofora VC2
BSR-21-RC-FFR-285





445911





1122336





411





93





68





-50
34.0
36.0
2.0
1.4
5.1
RC
Fofora VC2
including
34.0
35.0
1.0
0.7
9.7
Fofora VC2
and
53.0
58.0
5.0
3.5
0.4
Fofora VC2
and
62.0
69.0
7.0
4.9
1.2
Fofora VC2
BSR-21-RC-FFR-286







445879







1122322







411







144







68







-50
30.0
35.0
5.0
3.5
0.3
RC
Fofora VC2
and
90.0
111.0
21.0
14.7
0.5
Fofora VC2
and
128.0
132.0
4.0
2.8
1.8
Fofora VC2
and
139.0
144.0
5.0
3.5
1.3
Fofora VC2
including
140.0
141.0
1.0
0.7
5.2
Fofora VC2
BSR-21-RC-FFR-287





445937





1122300





402





96





68





-50
25.0
33.0
8.0
5.6
0.6
RC
Fofora VC2
and
36.0
37.0
1.0
0.7
2.3
Fofora VC2
and
40.0
57.0
17.0
11.9
0.5
Fofora VC2
and
64.0
70.0
6.0
4.2
0.6
Fofora VC2
BSR-21-RC-FFR-289
445207
1120402
396
142
250
-50
60.0
62.0
2.0
1.4
1.1
RC
Fofora VC5
BSR-21-RC-FFR-292
445054
1120566
400
75
250
-50
49.0
51.0
2.0
1.4
1.4
RC
Fofora VC5
BSR-21-RC-FFR-293
445142
1120594
390
153
250
-50
118.0
119.0
1.0
0.7
9.9
RC
Fofora VC5
BSR-21-RC-FFR-295
445160
1120297
376
72
250
-50
28.0
29.0
1.0
0.7
1.4
RC
Fofora VC5
BSR-21-RC-FFR-296
445240
1120319
394
132
250
-50
88.0
90.0
2.0
1.4
1.1
RC
Fofora VC5
BSR-21-RC-069
445841
1111172
437
114.0
90
-50
73.0
75.0
2.0
1.4
3.4
RC
Galgouli Regional
BSR-21-RC-070
445840
1111257
429
108.0
90
-50
25.0
32.0
7.0
4.9
0.5
RC
Galgouli Regional
BSR-21-RC-071
445888
1111257
438
102.0
90
-50
76.0
77.0
1.0
0.7
6.0
RC
Galgouli Regional
BSR-21-RC-074

449160

1107488

394

174.0

60

-50
125.0
131.0
6.0
4.2
5.6
RC
Galgouli Regional
including
126.0
127.0
1.0
0.7
20.0
RC
Galgouli Regional
BSR-21-RC-076



448540



1107036



390



108.0



80



-50
15.0
16.0
1.0
0.7
1.2
RC
Galgouli Regional
and
48.0
51.0
3.0
2.1
4.7
Galgouli Regional
including
48.0
49.0
1.0
0.7
12.0
Galgouli Regional
BSR-21-RC-077



448576



1106986



399



105.0



85



-50
44.0
45.0
1.0
0.7
18.1
RC
Galgouli Regional
and
53.0
55.0
2.0
1.4
7.8
Galgouli Regional
including
53.0
54.0
1.0
0.7
15.3
Galgouli Regional
BSR-21-RC-083

449722

1107900

420

120.0

320

-50
22.0
23.0
1.0
0.7
1.9
RC
Galgouli Regional
and
35.0
38.0
3.0
2.1
0.5
Galgouli Regional
BSR-21-RC-084



449707



1107837



455



155.0



320



-50
94.0
100.0
6.0
4.2
5.0
RC
Galgouli Regional
including
95.0
96.0
1.0
0.7
12.0
Galgouli Regional
including
97.0
99.0
2.0
1.4
8.5
Galgouli Regional
BSR-21-RC-085







449564







1107794







439







132.0







320







-50
34.0
35.0
1.0
0.7
1.8
RC
Galgouli Regional
and
42.0
43.0
1.0
0.7
0.9
Galgouli Regional
and
70.0
72.0
2.0
1.4
4.7
Galgouli Regional
including
71.0
72.0
1.0
0.7
8.6
Galgouli Regional
and
123.0
124.0
1.0
0.7
2.8
Galgouli Regional
BSR-21-RC-086

449607

1107756

440

150.0

320

-50
75.0
78.0
3.0
2.1
4.5
RC
Galgouli Regional
including
75.0
77.0
2.0
1.4
6.4
Galgouli Regional
BSR-21-RC-087
449307
1107525
403
81.0
320
-50
2.0
9.0
7.0
4.9
0.3
RC
Galgouli Regional
BSR-21-RC-088

449351

1107484

401

156.0

320

-50
139.0
142.0
3.0
2.1
7.2
RC
Galgouli Regional
including
140.0
141.0
1.0
0.7
15.9
RC
Galgouli Regional
BSR-21-RC-089
447844
1110061
397
110.0
60
-50
47.0
50.0
3.0
2.1
1.5
RC
Galgouli Regional
BSR-21-RC-090



447803



1110042



396



114.0



60



-50
21.0
26.0
5.0
3.5
0.3
RC
Galgouli Regional
and
33.0
38.0
5.0
3.5
0.4
Galgouli Regional
and
56.0
64.0
8.0
5.6
0.7
Galgouli Regional
BSR-21-RC-095
447794
1109913
397
120.0
60
-50
9.0
10.0
1.0
0.7
2.8
RC
Galgouli Regional
BSR-21-RC-096

449290

1107423

400

156.0

320

-50
100.0
102.0
2.0
1.4
22.2
RC
Galgouli Regional
and
100.0
101.0
1.0
0.7
44.0
Galgouli Regional
BSR-21-RC-098

448500

1107003

393

132.0

60

-50
129.0
131.0
2.0
1.4
10.9
RC
Galgouli Regional
including
129.0
130.0
1.0
0.7
21.4
Galgouli Regional
BSR-21-RC-099

448566

1106997

398

102.0

60

-50
42.0
45.0
3.0
2.1
5.2
RC
Galgouli Regional
including
42.0
43.0
1.0
0.7
15.0
Galgouli Regional
BSR-21-RC-100
448548
1106951
390
130.0
59
-50
78.0
83.0
5.0
3.5
1.6
RC
Galgouli Regional
BSR-21-RC-103
448606
1106944
403
78.0
60
-50
72.0
73.0
1.0
0.7
1.7
RC
Galgouli Regional
BSR-21-RC-105

449280

1107498

404

102.0

320

-50
38.0
40.0
2.0
1.4
1.1
RC
Galgouli Regional
and
81.0
82.0
1.0
0.7
21.1
Galgouli Regional
BSR-21-RC-106

449408

1107510

398

156.0

320

-50
57.0
58.0
1.0
0.7
1.1
RC
Galgouli Regional
and
121.0
122.0
1.0
0.7
1.3
Galgouli Regional
BSR-21-RC-107

447875

1110035

404

102.0

320

-50
10.0
15.0
5.0
3.5
1.1
RC
Galgouli Regional
and
62.0
66.0
4.0
2.8
0.6
Galgouli Regional
BSR-21-RC-108

447890

1110012

395

114.0

320

-50
53.0
60.0
7.0
4.9
0.5
RC
Galgouli Regional
and
142.0
145.0
3.0
2.1
1.7
RC
Galgouli Regional
BSR-21-RC-109











449667











1107788











440











160.0











320











-50
38.0
39.0
1.0
0.7
1.9
Galgouli Regional
and
42.0
47.0
5.0
3.5
5.7
RC
Galgouli Regional
including
43.0
44.0
1.0
0.7
21.2
Galgouli Regional
and
61.0
62.0
1.0
0.7
1.1
Galgouli Regional
and
66.0
71.0
5.0
3.5
7.0
Galgouli Regional
including
66.0
67.0
1.0
0.7
13.5
Galgouli Regional
including
68.0
69.0
1.0
0.7
15.6
Galgouli Regional
BSR-21-RC-111
449517
1107752
440
102.0
320
-50
95.0
96.0
1.0
0.7
2.1
RC
Galgouli Regional
BSR-21-RC-114

449641

1107708

453

150.0

320

-50
113.0
114.0
1.0
0.7
1.9
RC
Galgouli Regional
and
128.0
130.0
2.0
1.4
1.8
Galgouli Regional
BSR-21-RC-116
449742
1107794
446
210.0
320
-50
127.0
138.0
11.0
7.7
0.8
RC
Galgouli Regional
BSR-21-RC-121

449264

1107459

393

123.0

320

-50
24.0
26.0
2.0
1.4
1.4
RC
Galgouli Regional
and
78.0
88.0
10.0
7.0
1.0
Galgouli Regional
BSR-21-RC-122
449321
1107444
390
150.0
320
-50
51.0
52.0
1.0
0.7
3.4
RC
Galgouli Regional
BSR-21-RC-125









446972









1119870









357









102.0









55









-50
15.0
16.0
1.0
0.7
1.3
RC
Galgouli Regional
and
24.0
29.0
5.0
3.5
12.9
Galgouli Regional
including
25.0
26.0
1.0
0.7
60.6
Galgouli Regional
and
57.0
64.0
7.0
4.9
2.5
Galgouli Regional
including
63.0
64.0
1.0
0.7
11.7
Galgouli Regional
and
82.0
88.0
6.0
4.2
0.4
Galgouli Regional
BSR-21-RC-126

447009

1119819

360

104.0

55

-50
18.0
23.0
5.0
3.5
0.5
RC
Galgouli Regional
and
76.0
81.0
5.0
3.5
0.5
Galgouli Regional

Notes:
1. UTM coordinate system WGS84 29N
2. NSI: No Significant Intersect

Forward-looking Statements

This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release may include, without limitation, statements about the anticipated exploration and other development programs at the Séguéla Project and the Boussoura Project together with the nature, implementation and timing thereof, the exploration and metallurgical results of such programs; the anticipated timing and results of exploration drilling and assays; the proposed timeline and benefits of further drilling; the Company’s plans for its mines and mineral properties; the Company’s business strategy, plans and outlook; the merit of the Company’s mines and mineral properties; mineral resource and reserve estimates; the Company’s ability to convert inferred mineral resources to indicated mineral resources and to convert mineral resources to mineral reserves; timelines; production at the mines; the future financial or operating performance of the Company; the effects of laws, regulations and government policies affecting our operations or potential future operations; future successful development of our projects; the estimates of expected or anticipated economic returns from the Company’s mining operations including future sales of metals, doré and concentrate or other products produced by the Company and the Company’s ability to achieve its production and cost guidance; capital expenditures at the Company’s operations; estimated brownfields expenditures in 2021; the success of the Company’s exploration activities at its mines and development projects; the duration and impacts of COVID-19 on the Company’s production, workforce, business, operations and financial condition; metal price estimates, estimated metal grades in 2021; approvals and other matters. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “anticipated”, “estimated” “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; the impact of the COVID-19 pandemic on the Company’s mining operations and construction activities; the duration and impacts of COVID-19 on the Company’s production, workforce, business, operations and financial condition, and the risks relating to a global pandemic, which unless contained could cause a slowdown in global economic growth; uncertainties related to the impacts of COVID-19 which may include: changing market conditions, changing restrictions on the mining industry in the countries in which the Company operates, the ability to operate as a result of government imposed restrictions, including restrictions on travel, the transportation of concentrates and doré, access to refineries, the impact of additional waves of the pandemic or increases of incidents of COVID-19 in the countries in which we operate; the duration of any suspension of operations at the Company’s mines as a result of COVID-19 which may affect production and the Company’ business operations and financial condition; changes in prices for gold, silver and other metals; changes in the prices of key supplies; technological and operational hazards in Fortuna’s mining and mine development activities; risks inherent in mineral exploration; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; changes to current estimates of mineral reserves and resources; changes to production and cost estimates; governmental and other approvals; changes in government, political unrest or instability in countries where Fortuna is active; fluctuations in currencies and exchange rates; the imposition of capital control in countries in which the Company operates; labor relations issues; as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to the presence of continuity of and metals at the Séguéla Project and the Boussoura Project at estimated grades; the accuracy of the Company’s current mineral resource and reserve estimates and the assumptions upon which they are based; ore grades and recoveries; prices for silver, gold and base metals remaining as estimated; currency exchange rates remaining as estimated; capital, decommissioning and reclamation estimates; prices for energy, labour, materials and supplies, transport and services; that the Company’s activities will be in accordance with the Company’s public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; the duration and impacts of COVID-19 on the Company’s production, workforce, business, operations and financial condition, and the risks relating to a global pandemic, which unless contained could cause a slowdown in global economic growth; government mandates in Peru, Mexico and Argentina with respect to mining operations generally or auxiliary businesses or services required for the Company’s operations; government and the Company’s attempts to reduce the spread of COVID-19 which may affect many aspects of the Company’s operations, including transportation of personnel to and from site, contractor and supplier availability and the ability to sell or deliver concentrate and doré; the expected trends in mineral prices and currency exchange rates; that the Company’s activities will be in accordance with the Company’s public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained for the Company’s business and operations; that there will be no significant disruptions affecting operations and such other assumptions as set out herein. Forward-looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that these Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.


Stock Information

Company Name: Fortuna Silver Mines Inc
Stock Symbol: FSM
Market: NYSE
Website: fortunasilver.com

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