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Fortuna Intersects 88 G/T AU Over 3.5m at the Seguela Mine‚ And Provides Exploration Update

VANCOUVER, British Columbia, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d’Ivoire, the recently acquired Diamba Sud Gold Project in Senegal, and the San Jose Mine in Mexico.

Exploration program highlights

Badior prospect, Séguéla Mine, Côte d’Ivoire:

SGRD1683:

17.3 g/t Au over an estimated true width of 6.3 meters from 67 meters, including
49.5 g/t Au over an estimated true width of 1.4 meters from 67 meters

SGRC1682:

16.7 g/t Au over an estimated true width of 5.6 meters from 65 meters, including
121.0 g/t Au over an estimated true width of 0.7 meters from 70 meters, and
13.0 g/t Au over an estimated true width of 2.1 meters from 83 meters

SGRD1689:

10.7 g/t Au over an estimated true width of 2.1 meters from 159 meters, including
29.6 g/t Au over an estimated true width of 0.7 meters from 161 meters

 

 

Ancien deposit, Séguéla Mine, Côte d’Ivoire:

SGRD1657:

27.1 g/t Au over an estimated true width of 7.7 meters from 239 meters, including
138.5 g/t Au over an estimated true width of 1.4 meters from 241 meters

SGRC1661:

14.8 g/t Au over an estimated true width of 2.1 meters from 339 meters, and
22.9 g/t Au over an estimated true width of 15.4 meters from 347 meters, including
88.0 g/t Au over an estimated true width of 3.5 meters from 357 meters

SGRD1663:

6.0 g/t Au over an estimated true width of 19.6 meters from 346 meters, including
13.0 g/t Au over an estimated true width of 1.4 meters from 352meters, and
16.4 g/t Au over an estimated true width of 1.4 meters from 358 meters, and
36.4 g/t Au over an estimated true width of 1.4 meters from 362 meters

SGRD1664:

2.2 g/t Au over an estimated true width of 15.4 meters from 361 meters, including
11.3 g/t Au over an estimated true width of 0.7 meters from 368 meters, and
10.2 g/t Au over an estimated true width of 0.7 meters from 370 meters

 

 

Sunbird deposit, Séguéla Mine, Côte d’Ivoire:

SGRD1695:

5.0 g/t Au over an estimated true width of 14.7 meters from 341 meters, including
27.7 g/t Au over an estimated true width of 2.1 meters from 347 meters

SGRC1698:

4.9 g/t Au over an estimated true width of 8.4 meters from 200 meters

SGRD1696:

4.9 g/t Au over an estimated true width of 3.5 meters from 235 meters, including
16.9 g/t Au over an estimated true width of 0.7 meters from 236 meters, and
6.2 g/t Au over an estimated true width of 1.4 meters from 263 meters

 

 

Paul Weedon, Senior Vice President of Exploration at Fortuna, commented,

“With the successful commissioning and ramp-up of the Séguéla Mine, the exploration focus has been directed towards the regional potential, featuring the emerging Badior prospect. Recent results include drill hole SGRC1683 intersecting 17.3 g/t Au over an estimated true width of 6.3 meters. In addition, the exploration teams are building the foundation for potential long term underground mining at the Ancien and Sunbird deposits, encouraged by results such as drill hole SGRD1661 intersecting 22.9 g/t Au over an estimated true width of 15.4 meters at Ancien.”


Diamba Sud Gold Project, Senegal:

DSR503:

7.5 g/t Au over an estimated true width of 16.2 meters from 75 meters

DSDD129:

9.9 g/t Au over an estimated true width of 11.7 meters from 12 meters

DSR491:

3.9 g/t Au over an estimated true width of 26.1 meters from 66 meters, and
5.8 g/t Au over an estimated true width of 13.5 meters from 104 meters

DSR490:

3.1 g/t Au over an estimated true width of 29.7 meters from 7 meters

DSR506:

3.0 g/t Au over an estimated true width of 23.4 meters from 36 meters, and
6.7 g/t Au over an estimated true width of 8.1 meters from 71 meters

DSDD131:

9.1 g/t Au over an estimated true width of 5.6 meters from 96.4 meters

 

 

Mr. Weedon continued, “Exploration drilling at the recently acquired Diamba Sud Gold Project has returned very encouraging results from the initial confirmatory drilling at Area A, with results such as drill hole DSR490 intersecting 3.1 g/t Au over an estimated true width of 29.7 meters from 7 meters, while hole DSR487 highlights the potential to increase the overall footprint of the Area A prospect with an interval of 2.3 g/t Au over an interval of 15.3 meters, extending beyond the historic mine design limit. With the team on the ground operating well after the conclusion of the Diamba Sud acquisition, I am very happy with the progress as we look forward to advancing the project in 2024.”

Yessi vein, San Jose Mine, Mexico:

SJOM-1357:

204 g/t Ag Eq over an estimated true width of 7.1 meters from 167.30 meters

SJOM-1366A:

153 g/t Ag Eq over an estimated true width of 1.5 meters from 573.45 meters, and
258 g/t Ag Eq over an estimated true width of 1.0 meters from 636.40 meters

SJO-1417:

858 g/t Ag Eq over an estimated true width of 0.5 meters from 579.55 meters

SJOM-1418:

185 g/t Ag Eq over an estimated true width of 0.8 meters from 406.00 meters

SJOM-1428:

545 g/t Ag Eq over an estimated true width of 17.0 meters from 342.75 meters

SJO-1430:

1,431 g/t Ag Eq over an estimated true width of 1.1 meters from 593.50 meters, and
250 g/t Ag Eq over an estimated true width of 4.0 meters from 668.85 meters

SJO-1431:

195 g/t Ag Eq over an estimated true width of 5.2 meters from 601.30 meters

 

 

Mr. Weedon also highlighted the continuing work at the San Jose Mine where drilling to define the recently discovered Yessi vein has provided further insights into the regional structural controls with encouraging results, including 1,431 g/t Ag Eq over an estimated true width of 1.1 meters and a further 250 g/t Ag Eq over an estimated true width of 4 meters from SJO-1430, and 545 g/t Ag Eq over an estimated true width of 17.0 meters from SJOM-1428. “The structural complexity of the Yessi vein helps validate the wider regional structural understanding and highlights opportunities for additional near-mine exploration targets.”

Séguéla Mine, Côte d’Ivoire

Drilling for increased geologic confidence and understanding of key high-grade controls at the Badior prospect was recently concluded, with 8 holes drilled totalling 1,691 meters (refer to Figure 1). Drilling has broadly outlined a gently northerly plunging high-grade lode which remains open at depth, with drill hole SGRD1689 intersecting 10.7 g/t Au over 2.1 meters from 159 meters downhole. The interpreted northerly plunge is unusual for mineralization at Séguéla which typically demonstrates a shallow to moderate southerly plunge, and which may represent a new or antithetic structural control. Further work is planned for 2024.

Figure 1: Badior long-section showing select recent results (looking west)image-20231212211038-1

At Ancien, 9 holes for a total of 3,258 meters were completed (refer to Figure 2). This short program was designed to improve the understanding of the structural controls on the high-grade lodes hosting multiple intervals such as those intersected in drill holes SGRD1661 and SGRD1663. This increased geological confidence and understanding will help support an evaluation of the underground mining potential at Ancien, where the deposit remains open at depth. Further work is planned for 2024.

Figure2: Ancien long-section showing select recent results (looking west)image-20231212211038-2

At Sunbird, a comprehensive infill drilling program consisting of 47 holes totaling 11,075 meters, was completed in August 2023 (refer to Fortuna news release dated August 8, 2023). The infill drilling was followed by a program to continue testing the extent of mineralization. Results were received for 8 holes totalling 2,100 meters completed in the southern section of the deposit (refer to Figure 3). This short program was designed to improve the understanding of the structural controls projected a further 200 meters down-plunge from the last drilling sections with encouraging results including SGRD1695 intersecting 5.0 g/t Au over an estimated true width of 14.7 meters from 341 meters downhole. This increased geological confidence and understanding will help support an evaluation of the underground mining potential at Sunbird, where the deposit remains open at depth. Further work is planned for 2024.

Refer to Appendix 1 for full details of the Séguéla drill holes and assay results.

Figure3: Sunbird long-section showing select recent results (looking west)image-20231212211038-3

Diamba Sud Gold Project, Senegal

At Diamba Sud, a 10,945-meter, three-drill rig drilling program started on October 8, 2023, with 34 holes completed for 4,976 total meters drilled to date. The objectives of the program are as follows:

  • Selected confirmatory drilling of Area A, Area D, and Karakara to improve resource confidence
  • Drilling to test for extensions to the existing historic resource in support of project development and advancing further studies in 2024
  • Advancing prospective areas such as Gamba Gamba North, Southern Arc, Western Splay,
    Area A North, and others
  • Improved understanding of key geological controls including controlling structures, favorable lithologies, alteration and secondary enrichment zones

The Area A prospect is structurally complex with interpreted supergene mineralization overlaying primary mineralization preferentially hosted in a broad sedimentary package, which has been intersected by steeper mineralized structures and folding. Mineralization remains open along strike and at depth, as demonstrated by drill hole DSR490 intersecting 1.3 g/t Au over an estimated true width of 7.2 meters from 176 meters, and an additional 1.0 g/t Au over an estimated true width of 18.9 meters from 188 meters, extending mineralization beyond the historic pit design (refer to Figures 4 - 6).

This program will continue for the remainder of 2023 with additional drilling programs, including regional exploration and target generation budgeted for 2024.

Refer to Appendix 2 for full details of the Diamba Sud Gold Project drill holes and assay results.

Figure 4: Diamba Sud Gold Project location planimage-20231212211038-4


Figure 5: Area A drilling location planimage-20231212211038-5


Figure 6: Area A cross section A - A’; refer to Figure 5 for locationimage-20231212211038-6

Figure 7: Area A cross section B - B’; refer to Figure 5 for locationimage-20231212211038-7

San Jose Mine, Mexico

Drilling of the recently discovered Yessi vein (refer to Fortuna news release filed on SEDAR+ on September 5, 2023) has continued with the objective of defining the structural relationship between the Yessi vein and the various systems at the San Jose Mine with 13 additional holes completed for a total of 7,444 meters.

Initially interpreted as an approximately north-south trending vein, recent drilling has highlighted the likelihood of the Yessi vein forming a north-northwest orientated link structure between the Victoria Mineralized Zone and an as yet undefined structure further eastwards, an interpretation supported by regional geophysical data. Drilling has been re-orientated to better target this revised orientation, with drilling continuing.

Mineralization remains open along strike to the southeast, whereas to the northwest the Yessi vein intersects the Victoria Mineralized Zone.

Refer to Appendix 3 for full details of the Yessi vein drill holes and assay results.

Figure 8: Plan view of the Yessi vein, San Jose Mine. Refer Figure 9 for the long-section view (A-A’).

image-20231212211038-8

Figure 9: Long section view (A-A’) of the Yessi vein, San Jose Mineimage-20231212211038-9

Quality Assurance & Quality Control (QA - QC)

Séguéla Mine, Côte d’Ivoire and Diamba Sud Gold Project, Senegal

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 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% samples 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 diamond drilling (DD) drill holes at Séguéla were drilled with HQ sized diamond drill bits, whereas DD holes at Diamba Sud started with HQ sized diameter, before reducing to NQ diameter diamond drill bits on intersecting fresh rock. 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 project site. 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 and then, via commercial courier, to ALS’s facility in Ouagadougou, Burkina Faso for finishing. All Diamba Sud RC and DD samples were transported to ALS’s preparation laboratory in Kedougou, before also being transported via commercial courier, to ALS’s facility in Ouagadougou. Routine gold analysis using a 50-gram charge and fire assay with an atomic absorption finish was completed for all 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.

San Jose Mine, Mexico

All diamond drilling (DD) drill holes at San Jose were drilled with either NQ sized diameter (drilled from underground) or HQ sized diamond drill bits reducing to NQ sized diameter with greater depth. Following detailed geological and geotechnical logging, all diamond drill core samples are split on-site by diamond sawing. One half of the core is submitted to the internal laboratory located in the CMC facilities. The CMC laboratory has been accredited by the Standard Council of Canada (ISO 17025: 2017) for preparation, drying, gravimetry, fire assay, Inductively Coupled Plasma and Atomic Absorption processes. The remaining half core is retained on-site for verification and reference purposes. Following preparation, the samples are assayed for gold and silver by standard fire assay methods and for silver and base metals by Inductively Coupled Plasma and as well as three acid digestion at the same internal laboratory. The QA - QC program includes the blind insertion of certified reference standards and assay blanks at a frequency of approximately 1 per 20 normal samples as well as the inclusion of duplicate samples for verification of sampling and assay precision levels.

Qualified Person

Paul Weedon, Senior Vice President of Exploration for Fortuna Silver Mines Inc., is a Qualified Person as defined by National Instrument 43-101 being a member of the Australian Institute of 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, including 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 five operating mines in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our 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 | info@fortunasilver.com | www.fortunasilver.com | X | LinkedIn | YouTube

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 include, without limitation, statements about the potential to increase the overall footprint of the Area A prospect and the Company’s plans for the Diamba Sud Gold Project in 2024; statements regarding potential long term underground development at Ancien and at Sunbird at the Séguéla Mine; the Company’s plans to conduct further work at Ancien and at Sunbird during 2024; the Company’s objectives for the current drilling program at the Diamba Sud Gold Project and expectations regarding additional drilling programs budgeted for 2024; the Company’s business strategy, plans and outlook; the merit of the Company’s mines and mineral properties; mineral resource and reserve estimates; timelines; the future financial or operating performance of the Company; expenditures; 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”, “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; changes in prices for silver, gold and other metals; the timing and success of the Company’s proposed exploration programs; technological and operational hazards in Fortuna’s mining and mine development activities; risks inherent in mineral exploration; fluctuations in prices for energy, labour, materials, supplies and services; fluctuations in currencies; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; the possibility that the ruling in favor of Compañia Minera Cuzcatlan S.A. de C.V. to reinstate the environmental impact authorization at the San Jose Mine will be successfully appealed; the Company’s ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; governmental and other approvals; political unrest or instability in countries where Fortuna is active; labor relations issues; as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form for the financial year ended December 31, 2022. 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 expectations regarding the results from the exploration programs conducted at the Séguéla Mine, the San Jose Mine, and the Diamba Sud Gold Project; expected trends in mineral prices and currency exchange rates; the accuracy of the Company’s information derived from its exploration programs at the Company’s mineral properties; current mineral resource and reserve estimates; the presence and continuity of mineralization at the Company’s properties; 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; 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 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.

Cautionary Note to United States Investors Concerning Estimates of Reserves and Resources

Reserve and resource estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by a Canadian company of scientific and technical information concerning mineral projects. Unless otherwise indicated, all mineral reserve and mineral resource estimates contained in the technical disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Reserves. Canadian standards, including NI 43-101, differ significantly from the requirements of the Securities and Exchange Commission, and mineral reserve and resource information included in this news release may not be comparable to similar information disclosed by U.S. companies.

Appendix 1: Séguéla Mine, Côte d’Ivoire

Hole ID

Easting
(WGS84_29N)

Northing
(WGS84_29N)

Elevation
(m)

EOH
Depth
(m)

UTM
Azimuth

Dip

Depth
From
(m)

Depth
To
(m)

Drilled
Width
(m)

ETW
(m)

Au
(ppm)

Hole
Type

Area

SGRD1656

743307

888573

352

225.7

277

-60

180

182

2

1.4

5.54

RCD

Ancien

 

 

 

 

 

 

incl

180

181

1

0.7

10.30

RCD

Ancien

SGRD1657

743346

888518

349

276.1

277

-60

228

231

3

2.1

2.76

RCD

Ancien

 

 

 

 

 

 

 

239

250

11

7.7

27.06

RCD

Ancien

 

 

 

 

 

 

incl

241

243

2

1.4

138.45

RCD

Ancien

SGRD1658

743366

888467

348

348

277

-55

268

269

1

0.7

5.47

RCD

Ancien

SGRD1659

743335

888395

354

336.3

277

-55

270

274

4

2.8

2.99

RCD

Ancien

 

 

 

 

 

 

 

306

322

16

11.2

1.14

RCD

Ancien

SGRD1661

743409

888381

351

440.4

277

-55

339

342

3

2.1

14.76

RCD

Ancien

 

 

 

 

 

 

incl

339

340

1

0.7

37.80

RCD

Ancien

 

 

 

 

 

 

 

347

369

22

15.4

22.90

RCD

Ancien

 

 

 

 

 

 

incl

353

354

1

0.7

23.50

RCD

Ancien

 

 

 

 

 

 

incl

357

362

5

3.5

87.96

RCD

Ancien

SGRD1663

888361

743405

356

400.4

277

-55

346

374

28

19.6

5.98

RCD

Ancien

 

 

 

 

 

 

incl

352

354

2

1.4

12.95

RCD

Ancien

 

 

 

 

 

 

and

358

360

2

1.4

16.38

RCD

Ancien

 

 

 

 

 

 

and

362

364

2

1.4

36.35

RCD

Ancien

SGRD1664

743402.76

888335

371.24

400.2

2.77

-55

361

383

22

15.4

2.23

RCD

Ancien

 

 

 

 

 

 

incl

368

369

1

0.7

11.25

RCD

Ancien

 

 

 

 

 

 

and

370

371

1

0.7

10.15

RCD

Ancien

SGRD1665

743419

888307

370

430.8

277

-55

NSI

 

 

 

 

RCD

Ancien

SGRD1666

743368

888286

358

400.5

277

-55

362

370

8

5.6

1.60

RCD

Ancien

SGRC1682

743089

901800

396

140

270

-55

65

73

8

5.6

16.70

RC

Badior

 

 

 

 

 

 

incl

70

71

1

0.7

121.00

RC

Badior

 

 

 

 

 

 

 

77

79

2

1.4

13.45

RC

Badior

 

 

 

 

 

 

incl

77

78

1

0.7

24.20

RC

Badior

 

 

 

 

 

 

 

83

86

3

2.1

13.01

RC

Badior

 

 

 

 

 

 

incl

85

86

1

0.7

33.00

RC

Badior

SGRC1683

743095

901850

389

130

270

-55

59

63

4

2.8

1.66

RC

Badior

 

 

 

 

 

 

 

67

76

9

6.3

17.32

RC

Badior

 

 

 

 

 

 

incl

67

69

2

1.4

49.50

RC

Badior

 

 

 

 

 

 

and

71

72

1

0.7

44.60

RC

Badior

 

 

 

 

 

 

 

86

92

6

4.2

2.28

RC

Badior

SGRC1685

743130

901950

385

190

270

-55

75

79

4

2.8

2.46

RC

Badior

SGRD1686

743128

901851

386

192.1

268

 

142

144

2

1.4

4.86

RCD

Badior

 

 

 

 

 

 

 

189

192.1

3.1

2.2

1.79

RCD

Badior

SGRD1687

743165

901950

383

270

270

-55

NSI

 

 

 

 

RCD

Badior

SGRD1688

743161

902003

391

268

268

-51

NSI

 

 

 

 

RCD

Badior

SGRD1689

743128

902003

393

190.7

270

-55

159

162

3

2.1

10.71

RCD

Badior

 

 

 

 

 

 

incl

161

162

1

0.7

29.60

RCD

Badior

SGRD1690

743133

902003

396

310.3

268

-52

NSI

 

 

 

 

RCD

Badior

SGRC1691

742887

893798

431

60

90

-60

NSI

 

 

 

 

RC

Sunbird

SGRC1692

742861

893797

432

110

90

-60

NSI

 

 

 

 

RC

Sunbird

SGRD1693

742584

892987

518

420.5

90

 

371

381

10

7.0

2.88

RCD

Sunbird

 

 

 

 

 

 

 

395

397

2

1.4

5.57

RCD

Sunbird

 

 

 

 

 

 

incl

395

396

1

0.7

10.10

RCD

Sunbird

SGRD1694

742510

892710

539

134

 

 

 

 

0

0.0

 

RCD

Sunbird

SGRD1695

742532

892511

538

375.1

90

-60

341

362

21

14.7

4.99

RCD

Sunbird

 

 

 

 

 

 

incl

347

350

3

2.1

27.70

RCD

Sunbird

SGRD1696

742573

892512

547

310.3

90

-60

235

240

5

3.5

4.91

RCD

Sunbird

 

 

 

 

 

 

incl

236

237

1

0.7

16.90

RCD

Sunbird

 

 

 

 

 

 

 

263

265

2

1.4

6.17

RCD

Sunbird

 

 

 

 

 

 

 

280

285

5

3.5

2.82

RCD

Sunbird

 

 

 

 

 

 

incl

284

285

1

0.7

12.70

RCD

Sunbird

SGRD1697

742534

892461

544

390

90

-60

NSI

 

 

 

 

RCD

Sunbird

SGRD1698

742577

892460

520

300.4

90

-60

200

212

12

8.4

4.87

RCD

Sunbird

 

 

 

 

 

 

incl

200

201

1

0.7

14.15

RCD

Sunbird

 

 

 

 

 

 

and

203

204

1

0.7

24.50

RCD

Sunbird

 

 

 

 

 

 

 

218

236

18

12.6

1.54

RCD

Sunbird

 

 

 

 

 

 

 

242

253

11

7.7

0.98

RCD

Sunbird

Notes:

  1. EOH: End of hole
  2. NSI: No significant intercepts
  3. ETW: Estimated true width
  4. Depths and widths reported to nearest significant decimal place

Appendix 2: Diamba Sud Gold Project, Senegal

Hole ID

Easting
(WGS84_29N)

Northing
(WGS84_29N)

Elevation
(m)

EOH
Depth
(m)

UTM
Azimuth

Dip

Depth
From
(m)

Depth
To
(m)

Drilled
Width
(m)

ETW
(m)

Au
(ppm)

Hole
Type

Area

DSDD129

233200

1429609

186

246

90

-60

12

25

13

11.7

9.91

DD

Area A

 

 

 

 

 

 

incl

16

18

2

1.8

43.45

DD

Area A

 

 

 

 

 

 

 

90

92.7

2.7

2.4

5.56

DD

Area A

 

 

 

 

 

 

incl

92

92.7

0.7

0.6

11.80

DD

Area A

 

 

 

 

 

 

 

122

135

13

11.7

0.90

DD

Area A

 

 

 

 

 

 

 

161

168

7

6.3

0.74

DD

Area A

 

 

 

 

 

 

 

188

193

5

4.5

1.57

DD

Area A

DSDD130

233151

1429612

186

219

90

-60

63

76

13

11.7

2.62

DD

Area A

 

 

 

 

 

 

incl

69

70

1

0.9

10.35

DD

Area A

 

 

 

 

 

 

 

83

94

11

9.9

0.57

DD

Area A

 

 

 

 

 

 

 

155

187

32

28.8

1.02

DD

Area A

 

 

 

 

 

 

 

191

197

6

5.4

4.81

DD

Area A

 

 

 

 

 

 

incl

193

194

1

0.9

19.80

DD

Area A

DSDD131

233283

1429607

184

162

90

-60

24

29

5

4.5

1.08

DD

Area A

 

 

 

 

 

 

 

96.4

102.6

6.2

5.6

9.07

DD

Area A

 

 

 

 

 

 

incl

96.4

98

1.6

1.4

14.35

DD

Area A

 

 

 

 

 

 

 

113

123.5

10.5

9.5

1.98

DD

Area A

DSDD132

233161

1429583

185

210

90

-60

80

87.8

7.8

7.0

2.12

DD

Area A

 

 

 

 

 

 

 

147

157

10

9.0

0.71

DD

Area A

DSDD133

233241

1429555

184

174

90

-60

89.5

95

5.5

5.0

8.67

DD

Area A

 

 

 

 

 

 

incl

90

92

2

1.8

16.46

DD

Area A

 

 

 

 

 

 

 

103

107.8

4.8

4.3

2.92

DD

Area A

 

 

 

 

 

 

 

111

112

1

0.9

21.50

DD

Area A

 

 

 

 

 

 

 

116

124

8

7.2

2.90

DD

Area A

 

 

 

 

 

 

incl

117

118.4

1.4

1.3

11.72

DD

Area A

 

 

 

 

 

 

 

144

147

3

2.7

2.25

DD

Area A

DSDD134

233210

1429554

184

189

90

-60

9

16

7

6.3

5.83

DD

Area A

 

 

 

 

 

 

incl

11

13

2

1.8

11.75

DD

Area A

 

 

 

 

 

 

 

28

29.8

1.8

1.6

3.20

DD

Area A

 

 

 

 

 

 

 

40

52

12

10.8

1.36

DD

Area A

 

 

 

 

 

 

 

57

61

4

3.6

1.92

DD

Area A

 

 

 

 

 

 

 

106

117

11

9.9

2.08

DD

Area A

 

 

 

 

 

 

incl

106.6

107.5

0.9

0.8

13.30

DD

Area A

 

 

 

 

 

 

 

125

132.5

7.5

6.8

1.24

DD

Area A

DSDD135

233184

1429510

184

200

90

-60

86

93.8

7.8

7.0

1.33

DD

Area A

 

 

 

 

 

 

 

106

107.65

1.65

1.5

5.21

DD

Area A

 

 

 

 

 

 

 

119

126

7

6.3

3.14

DD

Area A

 

 

 

 

 

 

 

183.7

189.05

5.35

4.8

1.14

DD

Area A

DSDD136

233301

1429551

182

131

90

-60

54

62

8

7.2

0.83

DD

Area A

 

 

 

 

 

 

 

105.15

111

5.85

5.3

4.61

DD

Area A

 

 

 

 

 

 

incl

106

107

1

0.9

19.10

DD

Area A

DSR486

233252

1429610

186

162

90

-60

9

13

4

3.6

1.31

RC

Area A

 

 

 

 

 

 

 

100

109

9

8.1

0.80

RC

Area A

 

 

 

 

 

 

 

122

142

20

18.0

1.65

RC

Area A

DSR487

233313

1429609

182

132

90

-60

3

11

8

7.2

5.18

RC

Area A

 

 

 

 

 

 

incl

3

4

1

0.9

11.80

RC

Area A

 

 

 

 

 

 

 

97

114

17

15.3

2.26

RC

Area A

DSR488

233301

1429580

182

138

90

-60

109

117

8

7.2

1.22

RC

Area A

 

 

 

 

 

 

 

122

126

4

3.6

2.09

RC

Area A

DSR489

233247

1429582

185

156

90

-60

4

13

9

8.1

1.84

RC

Area A

 

 

 

 

 

 

 

47

50

3

2.7

19.78

RC

Area A

 

 

 

 

 

 

 

110

112

2

1.8

3.53

RC

Area A

 

 

 

 

 

 

 

118

125

7

6.3

1.37

RC

Area A

 

 

 

 

 

 

 

130

132

2

1.8

2.79

RC

Area A

DSR490

233191

1429585

185

210

90

-60

7

40

33

29.7

3.09

RC

Area A

 

 

 

 

 

 

 

62

68

6

5.4

2.84

RC

Area A

 

 

 

 

 

 

incl

63

64

1

0.9

11.50

RC

Area A

 

 

 

 

 

 

 

116

138

22

19.8

1.83

RC

Area A

 

 

 

 

 

 

incl

117

118

1

0.9

11.05

RC

Area A

 

 

 

 

 

 

 

160

171

11

9.9

1.08

RC

Area A

 

 

 

 

 

 

 

176

184

8

7.2

1.27

RC

Area A

 

 

 

 

 

 

 

188

209

21

18.9

1.00

RC

Area A

DSR491

233301

1429510

180

144

90

-60

66

95

29

26.1

3.89

RC

Area A

 

 

 

 

 

 

incl

68

69

1

0.9

22.30

RC

Area A

 

 

 

 

 

 

and

77

78

1

0.9

21.90

RC

Area A

 

 

 

 

 

 

 

104

119

15

13.5

5.79

RC

Area A

 

 

 

 

 

 

incl

114

117

3

2.7

17.52

RC

Area A

DSR492

233245

1429511

181

162

90

-60

113

126

13

11.7

3.36

RC

Area A

 

 

 

 

 

 

 

145

158

13

11.7

0.89

RC

Area A

DSR493

233281

1429438

180

120

90

-60

80

83

3

2.7

3.15

RC

Area A

DSR494

233216

1429436

176

162

90

-60

140

144

4

3.6

1.41

RC

Area A

DSR495

233170

1429412

175

123

90

-60

NSI

 

 

 

 

RC

Area A

DSR496

233189

1429385

177

191

90

-60

116

120

4

3.6

2.47

RC

Area A

 

 

 

 

 

 

 

128

138

10

9.0

4.08

RC

Area A

 

 

 

 

 

 

incl

132

133

1

0.9

22.60

RC

Area A

DSR497

233213

1429359

175

144

90

-60

NSI

 

 

 

 

RC

Area A

DSR498

233239

1429385

174

150

90

-60

NSI

 

 

 

 

RC

Area A

DSR499

233336

1429612

177

100

90

-60

22

25

3

2.7

3.21

RC

Area A

DSR500

233357

1429581

179

120

90

-60

110

115

5

4.5

1.11

RC

Area A

DSR501

233328

1429559

177

114

90

-60

NSI

 

 

 

 

RC

Area A

DSR502

233313

1429534

178

126

90

-60

NSI

 

 

 

 

RC

Area A

DSR503

233312

1429482

178

100

90

-60

75

93

18

16.2

7.51

RC

Area A

 

 

 

 

 

 

incl

76

78

2

1.8

19.63

RC

Area A

 

 

 

 

 

 

and

79

80

1

0.9

10.95

RC

Area A

 

 

 

 

 

 

and

84

85

1

0.9

10.15

RC

Area A

 

 

 

 

 

 

and

88

89

1

0.9

12.50

RC

Area A

DSR504

233272

1429512

182

140

90

-60

75

77

2

1.8

2.79

RCD

Area A

 

 

 

 

 

 

 

128

131.5

3.5

3.2

2.29

RCD

Area A

DSR505

233309

1429437

175

90

90

-60

NSI

 

 

 

 

RC

Area A

DSR506

233181

1429554

184

193

90

-60

21

23

2

1.8

3.13

RCD

Area A

 

 

 

 

 

 

 

36

62

26

23.4

2.96

RCD

Area A

 

 

 

 

 

 

 

71

80

9

8.1

6.65

RCD

Area A

 

 

 

 

 

 

incl

71

72

1

0.9

13.15

RCD

Area A

 

 

 

 

 

 

and

75

76

1

0.9

12.60

RCD

Area A

 

 

 

 

 

 

and

78

79

1

0.9

14.40

RCD

Area A

 

 

 

 

 

 

 

147

149

2

1.8

2.52

RCD

Area A

 

 

 

 

 

 

 

171

177

6

5.4

2.11

RCD

Area A

 

 

 

 

 

 

incl

174

175

1

0.9

10.30

RCD

Area A

DSR507

233116

1429538

184

168

90

-60

53

64

11

9.9

1.41

RC

Area A

 

 

 

 

 

 

 

109

129

20

18.0

1.45

RC

Area A

 

 

 

 

 

 

incl

127

128

1

0.9

10.75

RC

Area A

DSR508

233078

1429554

185

120

90

-60

NSI

 

 

 

 

RC

Area A

DSR509

233044

1429554

184

102

90

-60

15

33

18

16.2

0.54

RC

Area A

DSR510

233082

1429577

183

78

90

-60

NSI

 

 

 

 

RC

Area A

Notes:

  1. EOH: End of hole
  2. NSI: No significant intercepts
  3. ETW: Estimated true width
  4. Depths and widths reported to nearest significant figure

Appendix 3: Yessi vein, San Jose Mine, Mexico

Hole ID

Easting
(NAD27_14N)

Northing
(NAD27_14N)

Elevation
(m)

EOH
Depth
(m)

UTM
Azimuth

Dip

Depth
From
(m)

Depth
To
(m)

Drilled
Width
(m)

ETW
(m)

Au
(ppm)

Ag
(ppm)

Ag
Eq
(ppm)

Hole Type

SJOM-1348

745297

1847651

1236

308

84

-39

256.32

307.65

55.68

33.3

0.72

90

147

DD

SJOM-1357

745297

1847650

1236

267

92

-26

167.30

190.18

22.88

7.1

1.80

60

204

DD

SJOM-1366A

745297

1847650

1236

868

95

-28

464.10

465.70

1.60

0.2

1.58

195

321

DD

 

 

 

 

 

 

 

573.45

592.50

10.45

1.5

0.78

91

153

DD

 

 

 

 

 

 

 

599.35

601.90

2.55

0.4

0.75

102

162

DD

 

 

 

 

 

 

 

606.55

609.75

3.20

0.4

0.70

96

152

DD

 

 

 

 

 

 

 

636.40

643.45

7.05

1.0

1.22

161

258

DD

SJOM-1399

745298

1847649

1237

479

104

-8

131.85

135.60

3.75

0.9

1.22

130

227

DD

SJOM-1404

745298

1847649

1237

433

109

-8

NSI

 

 

 

 

 

 

 

SJOM-1408

745298

1847649

1236

540

106

-23

355.35

360.30

1.95

0.3

0.80

74

138

DD

 

 

 

 

 

 

 

390.50

395.30

4.40

0.7

1.11

131

219

DD

 

 

 

 

 

 

 

396.95

400.35

2.75

0.4

1.05

128

212

DD

 

 

 

 

 

 

 

415.75

420.05

3.65

0.2

1.39

175

286

DD

 

 

 

 

 

 

 

426.70

430.00

3.30

0.5

1.50

208

328

DD

 

 

 

 

 

 

 

471.25

472.3

1.05

0.2

2.40

275

467

DD

SJO-1417

746050

1847647

1543

689

239

-51

579.55

580.35

0.80

0.5

4.61

489

858

DD

 

 

 

 

 

 

 

600.35

601.40

1.05

0.6

1.40

140

252

DD

SJOM-1418

745298

1847649

1236

674

107

-30

406.00

407.50

1.50

0.8

1.13

95

185

DD

SJO-1420

746046

1847637

1543

796

237

-61

NSI

 

 

 

 

 

 

 

SJOM-1422

745297

1847651

1236

456

91

-15

222.85

225.70

2.85

1.1

0.57

61

106

DD

SJO-1430

745885

1847912

1538

789

190

-61

532.10

533.75

1.65

0.9

0.61

84

133

DD

 

 

 

 

 

 

 

593.50

595.65

2.15

1.1

8.26

770

1431

DD

 

 

 

 

 

 

 

605.60

608.90

3.30

1.7

0.70

90

146

DD

 

 

 

 

 

 

 

668.85

676.75

7.90

4.0

1.25

150

250

DD

 

 

 

 

 

 

 

679.95

680.55

0.6

0.3

2.11

170

339

DD

SJOM-1428

745298

1847649

1236

479

114

-10

342.75

400.00

57.25

17.0

2.48

347

545

DD

 

 

 

 

 

 

Incl

367.55

368.86

1.31

0.4

6.26

620

1121

DD

 

 

 

 

 

 

and

382.95

384.00

1.05

0.3

1.98

307

465

DD

 

 

 

 

 

 

and

384.73

386.30

1.57

0.5

11.27

1344

2246

DD

 

 

 

 

 

 

and

391.85

393.37

1.52

0.5

11.07

1137

2023

DD

 

 

 

 

 

 

and

393.37

394.50

1.13

0.3

2.50

314

514

DD

 

 

 

 

 

 

and

394.50

395.33

0.83

0.2

9.42

774

1528

DD

 

 

 

 

 

 

and

398.42

400.00

1.58

0.5

32.00

5905

8465

DD

SJO-1431

745885

1847912

1538

667

220

-45

554.20

554.50

0.30

0.3

5.38

576

1006

DD

 

 

 

 

 

 

 

601.30

607.85

6.55

5.2

1.02

114

195

DD

 

 

 

 

 

 

incl

602.85

603.15

0.30

0.2

7.16

838

1411

DD

 

 

 

 

 

 

and

603.45

603.75

0.30

0.2

1.18

146

240

DD

 

 

 

 

 

 

and

605.55

606.05

0.50

0.4

1.45

147

263

DD

 

 

 

 

 

 

and

606.05

606.40

0.35

0.3

1.29

136

239

DD

Notes:

  1. EOH: End of hole
  2. NSI: No significant intercepts
  3. ETW: Estimated true width
  4. Ag Eq is calculated using a factor of 80:1 using metal prices of US$1,950/oz for gold with 90% metallurgical recovery and US$24.5/oz for silver with 91% metallurgical recovery
  5. Depths and widths reported to nearest significant decimal place

image-20231212211038-10image-20231212211038-11

image-20231212211038-12

Figure 1

image-20231212211038-13

Badior long-section showing select recent results (looking west)

Figure 2

image-20231212211038-14

Ancien long-section showing select recent results (looking west)

Figure 3

image-20231212211038-15

Sunbird long-section showing select recent results (looking west)

Figure 4

image-20231212211038-16

Diamba Sud Gold Project location plan

Figure 5

image-20231212211038-17

Area A drilling location plan

Figure 6

image-20231212211038-18

Area A cross section A - A’; refer to Figure 5 for location

Figure 7

image-20231212211038-19

Area A cross section B - B’; refer to Figure 5 for location

Figure 8

image-20231212211038-20

Plan view of the Yessi vein, San Jose Mine. Refer Figure 9 for the long-section view (A-A’).

Figure 9

image-20231212211038-21

Long section view (A-A’) of the Yessi vein, San Jose Mine

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