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Fortuna intersects 90.9 g/t Au over 1.8 meters at Barana Prospect

VANCOUVER, British Columbia, Aug. 08, 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 Yaramoko Mine in Burkina Faso, and the Baborigame Project in Mexico.

Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “Infill drilling at the Sunbird Deposit to upgrade geologic confidence has concluded, with the next phase of estimation, optimization, and design having commenced as part of reserve development and expected life-of-mine extension for the Séguéla Mine. With this underway, the focus has returned to generating new anomalies and testing prospects, with positive near surface results at Barana emphasising the regional potential; such as drill hole SGRD1647 intersecting 90.9 g/t Au over an estimated true width of 1.8 meters.”

Mr. Weedon continued, “Recent drilling of Zone 55 at the Yaramoko Mine has identified high grade mineralization extending at least 130 meters beyond the current resource envelope to the west, confirmed by recent mine development in the area, with intervals such as 32.8 g/t Au over an estimated true width of 3.1 meters in drill hole YRM-23-GCDD-203.”

Mr. Weedon concluded, “In addition to the encouraging results from West Africa, first pass drilling to test geological concepts at our Baborigame Project in Mexico was successful in testing several vein arrays, intersecting multiple mineralized zones such as 2.7 g/t Au and 155 g/t Ag over an estimated true width of 4.04 meters in drill hole BAB-22-004.”

Séguéla Mine, Cote d’Ivoire

Sunbird Deposit drilling highlights:

  • SGRD1586: 12.7 g/t Au over an estimated true width of 18.9 meters from 147 meters
  • SGRD1580: 22.2 g/t Au over an estimated true width of 2.1 meters from 115 meters and 7.5 g/t Au over an estimated true width of 23.8 meters from 128 meters
  • SGRD1615: 16.2 g/t Au over an estimated true width of 8.4 meters from 270 meters
  • SGRD1585: 28.7 g/t Au over an estimated true width of 2.8 meters from 151 meters
  • SGRD1599: 4.7 g/t Au over an estimated true width of 13.3 meters from 81 meters
  • SGRD1281: 10.7 g/t Au over an estimated true width of 5.6 meters from 199 meters (re-entered hole)

Infill drilling for increased geologic confidence at the Sunbird Deposit was recently completed, with 47 holes drilled totalling 11,075 meters of an expanded 15,126 meter program, increased from 9,500 meters due to continued positive results. Drilling has intersected high grade mineralization close to the margins of the pit optimization limit. Drill hole SGRD1580 intersected several zones of mineralization including 22.2 g/t Au over a true width of 2.1 meters and 7.5 g/t Au over a true width of 23.8 meters while a re-entered drill hole, SGRD1281, intersected 10.7 g/t Au over a true width of 5.6 meters on the margin of the current pit optimization shell (Figure 1). Results will be incorporated into an updated Mineral Resource and Mineral Reserve estimate prior to pit optimization and design of a revised Séguéla life-of-mine planned for release in the fourth quarter of 2023.

Further drilling to test the depth potential of the southerly plunging high grade shoots is planned for the second half of 2023. Refer to Appendix 1 for full results of all holes drilled in this phase of the Sunbird exploration program.

Figure 1: Sunbird Deposit long-section showing select recent drilling results (looking west)

image-20230808081054-1

Barana and Badior drilling highlights:

  • SGRD1647: 90.9 g/t Au over an estimated true width of 1.8 meters from 43 meters (Barana)
  • SGRD1634: 1.4 g/t Au over an estimated true width of 8.1 meters from 77 meters (Barana)
  • SGRD1641: 2.4 g/t Au over an estimated true width of 5.4 meters from 67 meters (Barana)
  • SGRD1623: 4.9 g/t Au over an estimated true width of 12.6 meters from 110 meters (Badior)

At the Barana and Badior prospects (Figure 2), 30 holes totaling 3,907 meters were drilled (Figure 3) with the objective of testing the strike extent and continuity of mineralization identified in the first scout drilling program (refer to Fortuna news release dated December 5, 2022). In addition, the drilling program was designed to provide greater understanding of the key structures associated with mineralization controls as well as grade distribution along the principal structures.

Further drilling is planned for later in 2023. Refer to Appendix 1 for full results received for all drill holes drilled in this phase of the Barana and Badior drilling program.

Figure 2: Séguéla Mine location plan highlighting key exploration prospects

image-20230808081054-2

Figure 3: Barana and Badior plan showing recent drilling results

image-20230808081054-3

Yaramoko Mine, Burkina Faso

A successful drilling program of 29 holes for a total of 7,011 meters was completed at the Yaramoko Mine, testing the strike and vertical extent of high grade extensions to the Zone 55 mineralization to the west, and limited strike extent testing to the lower east levels of the underground operation. Based on the positive exploration results, management expects to provide an updated Mineral Resource and Mineral Reserve estimate for the Yaramoko Mine before the end of the year.

Zone 55 drilling highlights:

  • YRM-22-GCDD-184: 9.6 g/t Au over an estimated true width of 5.5 meters from 254.10 meters
  • YRM-23-GCDD-203: 32.8 g/t Au over an estimated true width of 3.1 meters from 287.90 meters
  • YRM-23-GCDD-205: 13.2 g/t Au over an estimated true width of 4.6 meters from 302.28 meters
  • YRM-23-GCDD-224: 8.9 g/t Au over an estimated true width of 8.2 meters from 120.95 meters
  • YRM-23-GCDD-227: 8.8 g/t Au over an estimated true width of 8.6 meters from 140.10 meters

Drilling to the west has intersected new high grade mineralization beyond the boundary of the 2022 Mineral Resource (refer to Fortuna news release dated March 21, 2023), with recent mine development extending approximately 130 meters beyond the previous design (Figure 4). Drilling will continue to test the depth potential in the second half of 2023, which remains open and where the deepest intersection returned 10.6 g/t Au over a true width of 2.3 meters in drill hole GCDD-207.

Figure 4: Zone 55 long-section showing recent drilling results

image-20230808081054-4

Step-out drilling to the east and at depth has also continued to identify the Zone 55 mineralized structure beyond the limits of the 2022 Mineral Resource boundary, with encouraging results including drill hole GCDD-224 returning 8.9 g/t Au over a true width of 8.2 meters at (Figure 4). Drilling will continue in the second half of 2023. Refer to Appendix 2 for full results of all holes drilled in this phase of the Yaramoko exploration program.

Baborigame Project, Mexico

A program of 14 diamond drill holes over two phases totaling 3,902 meters was conducted between late 2022 and 2023 as part of a “proof of concept” evaluation of the Baborigame Project. Baborigame is located within the central Sierra Madre Occidental, a major mountain range system of the North American Cordillera, in southwestern Chihuahua, Mexico.

Baborigame drilling highlights:

  • BAB-22-004: 2.7 g/t Au and 155 g/t Ag over an estimated true width of 4.04 meters from 192.00 meters
  • BAB-23-010: 3.3 g/t Au and 538 g/t Ag over an estimated true width of 1.20 meters from 191.00 meters
  • BAB-23-009: 2.4 g/t Au and 314 g/t Ag over an estimated true width of 2.04 meters from 188.15 meters

Exploration drilling focused on testing key structural zones at productive geologic horizons beneath high-level epithermal expressions observed at surface (Figure 5), 10 of the 14 drill holes returned positive exploration results and warrant further work. Further drilling is scheduled for the second half of 2023 targeting the western extension of Cebollas West and the undrilled Los Pinos structure where surface rock sampling returned up to 10 g/t Au and 369 g/t Ag. Refer to Appendix 3 for full results of all holes drilled in this phase of the Baborigame exploration program.

Figure 5: Baborigame plan view of drill testing at Los Pinos and the western extension of the Cebollas West zone; refer to Figure 6 and Figure 7 for cross-sections 1 and 2

image-20230808081054-5

Figure 6. Cross-section 1 of drill testing at Los Pinos and the western extension of the Cebollas West zone

image-20230808081054-6

Figure 7. Cross-section 2 of drill testing at Los Pinos and the western extension of the Cebollas West zone

image-20230808081054-7

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 reverse circulation (RC) drilling at Séguéla 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 percent representative sample for submission to the analytical laboratory. The residual 87.5 percent 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 Yaramoko diamond drill holes were cored with NQ2-diameter 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´s core yard at the mine 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 core samples from Yaramoko were transported by 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.

All DD drill holes at Baborigame were drilled with HQ-sized diamond drill bits and reduced to NQ if ground conditions warranted. The core was logged, marked up for sampling using standard lengths of two meters 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 Baborigame DD core samples were shipped to ALS Laboratories’ preparation laboratory in Zacatecas for preparation and then to ALS’s facility in Vancouver, Canada for finishing.  Samples were analyzed using a 33 element four acid ICP and trace Hg along with a 30-gram fire assay for gold.  Over limits for Au, Ag, Pb, and Zn were analyzed using an appropriate method.  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, 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, 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 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 Company’s plans for the exploration on the Sunbird deposit at the Séguéla Mine; the anticipated exploration and development programs at the Sunbird deposit, together with the investment, nature, implementation and timing thereof; the timing for, and anticipated results of the exploration programs at the Sunbird deposit at the Séguéla Mine, and the intention and proposed timing of an updated mineral resource and mineral reserve estimate and revised life-of-mine for the Séguéla Mine; planned drilling for the remainder of 2023 at Barana and Badior at the Séguéla Mine, Zone 55 at the Yaramoko Mine, and at the Baborigame Project; the intention and proposed timing of an updated mineral resource and mineral reserve estimate for the Yaramoko Mine; 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 of the Company’s proposed exploration programs at the Sunbird deposit, Barana, and Badior at the Séguéla Mine ; Zone 55 at the Yaramoko Mine, and at the Baborigame Project; the 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, labor, materials, supplies and services; fluctuations in currencies; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; our 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; 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 Séguéla Mine; 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: Sunbird Deposit drill results

HoleID

Easting (WGS84_29N)

Northing (WGS84_29N)

Elevation

EOH1 Depth

UTM Azimuth

Dip

Depth From2
(m)

Depth To (m)

Drilled Width (m)

ETW3 (m)

Au (ppm)

Hole Type4

Area

SGDD118

742580

892735

557

280.2

90

-60

169

173

4

2.8

2.47

DD

Sunbird

SGDD125

742702

893062

496

240.1

90

-60

178

184

6

4.2

3.69

DD

Sunbird

 

 

 

 

 

 

including

180

181

1

0.7

12.60

DD

Sunbird

 

 

 

 

 

 

 

189

199

10

7

2.99

DD

Sunbird

 

 

 

 

 

 

including

198

199

1

0.7

18.65

DD

Sunbird

SGRD1281

742932

893463

493

246

270

-60

199

207

8

5.6

10.68

RCD

Sunbird

 

 

 

 

 

 

including

200

203

3

2.1

24.17

RCD

Sunbird

SGRD1558

742650

892735

556

167.3

90

-60

Not sampled - Abandoned

 

 

 

 

RCD

Sunbird

SGRD1559

742570

892810

548

400.4

90

-60

313

318

5

3.5

4.38

RCD

Sunbird

 

 

 

 

 

 

including

317

318

1

0.7

15.15

RCD

Sunbird

 

 

 

 

 

 

 

349

360

11

7.7

1.91

RCD

Sunbird

 

 

 

 

 

 

 

366

376

10

7

3.42

RCD

Sunbird

 

 

 

 

 

 

including

372

373

1

0.7

10.55

RCD

Sunbird

SGRD1561

742675

893160

492

327.4

90

-60

268

273

5

3.5

1.01

RCD

Sunbird

 

 

 

 

 

 

 

286

291

5

3.5

2.14

RCD

Sunbird

SGRD1577

742765

893410

485

200

90

-60

160

171

11

7.7

6.73

RCD

Sunbird

 

 

 

 

 

 

including

161

164

3

2.1

15.23

RCD

Sunbird

SGRD1578

742735

893410

477

240.1

90

-60

236

237

1

0.7

6.43

RCD

Sunbird

SGRD1580

742935

893410

502

201.4

270

-60

90

93

3

2.1

4.46

RCD

Sunbird

 

 

 

 

 

 

 

115

118

3

2.1

22.16

RCD

Sunbird

 

 

 

 

 

 

including

115

116

1

0.7

65.50

RCD

Sunbird

 

 

 

 

 

 

 

128

162

34

23.8

7.48

RCD

Sunbird

 

 

 

 

 

 

including

129

132

3

2.1

22.97

RCD

Sunbird

 

 

 

 

 

 

and

137

139

2

1.4

22.30

RCD

Sunbird

 

 

 

 

 

 

and

151

154

3

2.1

25.90

RCD

Sunbird

SGRD1582

742740

893360

478

309.4

90

-60

184

194

10

7

6.43

RCD

Sunbird

 

 

 

 

 

 

including

185

186

1

0.7

16.55

RCD

Sunbird

 

 

 

 

 

 

and

189

190

1

0.7

11.20

RCD

Sunbird

 

 

 

 

 

 

and

193

194

1

0.7

12.35

RCD

Sunbird

 

 

 

 

 

 

 

277

283

6

4.2

1.25

RCD

Sunbird

SGRD1583

742770

893335

481

220

90

-60

134

144

10

7

1.61

RCD

Sunbird

 

 

 

 

 

 

 

148

155

7

4.9

5.12

RCD

Sunbird

 

 

 

 

 

 

including

153

154

1

0.7

28.80

RCD

Sunbird

SGRD1584

742717

893335

471

303.1

90

-60

223

226

3

2.1

6.40

RCD

Sunbird

 

 

 

 

 

 

including

223

224

1

0.7

16.30

RCD

Sunbird

SGRD1585

742760

893310

479

253.1

90

-60

100

101

1

0.7

5.76

RCD

Sunbird

 

 

 

 

 

 

 

151

155

4

2.8

28.71

RCD

Sunbird

 

 

 

 

 

 

including

154

155

1

0.7

111.00

RCD

Sunbird

SGRD1586

742750

893260

483

220.1

90

-60

147

174

27

18.9

12.72

RCD

Sunbird

 

 

 

 

 

 

including

148

152

4

2.8

76.84

RCD

Sunbird

 

 

 

 

 

 

and

156

157

1

0.7

14.80

RCD

Sunbird

SGRD1587

742722

893260

477

260.1

90

-60

17

19

2

1.4

7.01

RCD

Sunbird

 

 

 

 

 

 

including

17

18

1

0.7

12.15

RCD

Sunbird

 

 

 

 

 

 

 

214

226

12

8.4

1.49

RCD

Sunbird

SGRD1589

742725

893210

481

261.4

90

-60

184

192

8

5.6

6.05

RCD

Sunbird

 

 

 

 

 

 

including

185

186

1

0.7

33.30

RCD

Sunbird

 

 

 

 

 

 

 

201

204

3

2.1

2.81

RCD

Sunbird

SGRC1592

742860

893560

466

48

90

-60

42

44

2

1.4

15.74

RC

Sunbird

 

 

 

 

 

 

including

42

43

1

0.7

30.20

RC

Sunbird

SGRC1593

742840

893560

466

97

90

-60

70

71

1

0.7

6.36

RC

Sunbird

SGRC1594

742827

893585

462

120

90

-60

NSI

 

 

 

 

RC

Sunbird

SGRC1595

742800

893110

503

60

90

-60

NSI

 

 

 

 

RC

Sunbird

SGRC1596

742750

893110

491

133

90

-60

57

66

9

6.3

2.17

RC

Sunbird

 

 

 

 

 

 

 

120

123

3

2.1

12.15

RC

Sunbird

 

 

 

 

 

 

including

121

123

2

1.4

17.08

RC

Sunbird

SGRD1597

742685

893085

496

282.1

90

-60

242

248

6

4.2

2.74

RCD

Sunbird

 

 

 

 

 

 

including

243

244

1

0.7

10.05

RCD

Sunbird

 

 

 

 

 

 

 

259

265

6

4.2

4.81

RCD

Sunbird

 

 

 

 

 

 

including

261.6

263

1.4

0.98

19.60

RCD

Sunbird

SGRD1598

742700

893060

497

240.1

90

-60

202

221

19

13.3

1.57

RCD

Sunbird

 

 

 

 

 

 

 

225

230

5

3.5

4.15

RCD

Sunbird

SGRD1599

742715

893010

503

183.1

90

-60

81

100

19

13.3

4.73

RCD

Sunbird

 

 

 

 

 

 

including

95

96

1

0.7

72.90

RCD

Sunbird

 

 

 

 

 

 

 

126

150

24

16.8

2.15

RCD

Sunbird

SGRD1600

742650

893010

515

321.4

90

-60

268

278

10

7

4.33

RCD

Sunbird

 

 

 

 

 

 

including

268

269.2

1.2

0.84

21.80

RCD

Sunbird

 

 

 

 

 

 

and

269.4

270

0.6

0.42

12.80

RCD

Sunbird

 

 

 

 

 

 

 

285

293

8

5.6

3.97

RCD

Sunbird

SGRD1601

742650

892935

530

300.1

90

-60

240

255

15

10.5

2.64

RCD

Sunbird

SGRD1602

742650

892910

531

280.1

90

-60

246

265

19

13.3

2.39

RCD

Sunbird

 

 

 

 

 

 

including

261

262

1

0.7

11.15

RCD

Sunbird

SGRD1603

742650

892885

535

279.1

90

-60

173

183

10

7

0.85

RCD

Sunbird

 

 

 

 

 

 

 

244

263

19

13.3

1.98

RCD

Sunbird

 

 

 

 

 

 

including

262

263

1

0.7

11.55

RCD

Sunbird

SGRD1604

742615

892835

547

330.2

90

-60

266

267

1

0.7

17.20

RCD

Sunbird

 

 

 

 

 

 

 

299

302

3

2.1

4.45

RCD

Sunbird

 

 

 

 

 

 

 

306

316

10

7

3.17

RCD

Sunbird

 

 

 

 

 

 

 

324

325

1

0.7

18.40

RCD

Sunbird

SGRC1605

742710

892735

541

121

90

-60

NSI

 

 

 

 

RC

Sunbird

SGRC1606

742570

892710

557

61

90

-60

Not sampled - Abandoned

 

 

 

 

RC

Sunbird

SGRD1607

742600

892660

565

350.1

90

-60

195

202

7

4.9

12.19

RCD

Sunbird

 

 

 

 

 

 

including

196

197

1

0.7

61.70

RCD

Sunbird

 

 

 

 

 

 

and

199

200

1

0.7

16.45

RCD

Sunbird

 

 

 

 

 

 

 

271

277

6

4.2

0.97

RCD

Sunbird

SGRC1608

742685

892610

552

102

90

-60

NSI

 

 

 

 

RC

Sunbird

SGRC1609

742685

892635

551

100

90

-60

NSI

 

 

 

 

RC

Sunbird

SGRC1610

742675

892560

558

160

90

-60

NSI

 

 

 

 

RC

Sunbird

SGRC1611

742645

892510

568

180

90

-60

NSI

 

 

 

 

RC

Sunbird

SGRD1612

742615

892635

568

261

90

-60

170

188

18

12.6

2.30

RCD

Sunbird

 

 

 

 

 

 

including

178

179

1

0.7

12.40

RCD

Sunbird

 

 

 

 

 

 

 

205

211

6

4.2

4.18

RCD

Sunbird

 

 

 

 

 

 

including

210

211

1

0.7

16.75

RCD

Sunbird

SGRD1613

742670

892685

551

200

90

-60

105

111

6

4.2

5.72

RCD

Sunbird

 

 

 

 

 

 

including

109

110

1

0.7

15.00

RCD

Sunbird

 

 

 

 

 

 

 

115

117

2

1.4

21.44

RCD

Sunbird

 

 

 

 

 

 

including

115

116

1

0.7

39.90

RCD

Sunbird

 

 

 

 

 

 

 

126

130

4

2.8

5.03

RCD

Sunbird

 

 

 

 

 

 

including

129

130

1

0.7

14.10

RCD

Sunbird

SGRC1614

742700

892685

544

130

90

-60

NSI

 

 

 

 

RC

Sunbird

SGRD1615

742580

892635

566

340

90

-60

270

282

12

8.4

16.22

RCD

Sunbird

 

 

 

 

 

 

including

274

277

3

2.1

41.63

RCD

Sunbird

 

 

 

 

 

 

and

278

280

2

1.4

25.85

RCD

Sunbird

SGRC1616

742650

892635

561

180

90

-60

151

164

13

9.1

1.65

RC

Sunbird

SGRD1617

742600

892560

575

280.2

90

-60

189

196

7

4.9

1.48

RCD

Sunbird

SGRD1618

742650

892735

556

280

90

-60

NSI

 

 

 

 

RCD

Sunbird

SGRD1619

742705

893310

474

320

90

-60

230

235

5

3.5

1.67

RCD

Sunbird

SGRD1620

742570

892710

557

400

90

-60

377

382

5

3.5

6.22

RCD

Sunbird

 

 

 

 

 

 

including

379

380

1

0.7

25.30

RCD

Sunbird

SGRD1621

742580

892860

539

405.1

90

-60

270

271

1

0.7

10.55

RCD

Sunbird

 

 

 

 

 

 

 

329

354

25

17.5

1.94

RCD

Sunbird

SGRD1622

742580

892735

557

400.1

90

-60

314

315

1

0.7

5.27

RCD

Sunbird

 

 

 

 

 

 

 

369

378

9

6.3

8.90

RCD

Sunbird

 

 

 

 

 

 

including

371

373

2

1.4

30.03

RCD

Sunbird

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SGRD1623

743128

901901

386

231.9

270

-60

110

128

18

12.6

4.94

RCD

Badior

 

 

 

 

 

 

including

115

117

2

1.4

25.03

RCD

Badior

 

 

 

 

 

 

 

133

134

1

0.7

38.70

RCD

Badior

 

 

 

 

 

 

 

157

158

1

0.7

36.80

RCD

Badior

SGRD1624

743155

901800

385

189.4

270

-60

NSI

 

 

 

 

RCD

Badior

SGRC1625

743011

901800

389

60

270

-60

48

52

4

2.8

1.73

RC

Badior

SGRD1626

743104

901700

383

170

270

-60

NSI

 

 

 

 

RCD

Badior

SGRD1627

743157

901700

384

279.3

270

-60

NSI

 

 

 

 

RCD

Badior

SGRC1628

743060

902002

389

80

270

-60

NSI

 

 

 

 

RC

Badior

SGRC1629

743087

902001

388

140

270

-60

NSI

 

 

 

 

RC

Badior

SGRC1630

743055

902101

389

50

270

-60

NSI

 

 

 

 

RC

Badior

SGRC1631

743085

902103

389

116

270

-60

NSI

 

 

 

 

RC

Badior

SGRD1632

743156

901797

385

270.8

270

-60

NSI

 

 

 

 

RCD

Badior

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SGRC1633

743732

902550

392

78

270

-60

39

40

1

0.9

5.09

RC

Barana

 

 

 

 

 

 

 

55

63

8

7.2

1.38

RC

Barana

SGRC1634

743826

902549

393

160

270

-60

77

86

9

8.1

1.38

RC

Barana

 

 

 

 

 

 

 

90

94

4

3.6

2.82

RC

Barana

SGRC1635

743647

902700

389

100

270

-60

NSI

 

 

 

 

RC

Barana

SGRC1636

743694

902698

390

123

270

-60

NSI

 

 

 

 

RC

Barana

SGRC1637

743755

902699

391

120

270

-60

21

28

7

6.3

0.83

RC

Barana

SGRC1638

743682

902900

399

100

270

-60

NSI

 

 

 

 

RC

Barana

SGRC1639

743734

902902

401

120

270

-60

76

79

3

2.7

2.48

RC

Barana

SGRC1640

743704

903001

403

107

270

-60

NSI

 

 

 

 

RC

Barana

SGRC1641

743748

903001

405

100

270

-60

67

73

6

5.4

2.43

RC

Barana

 

 

 

 

 

 

including

71

72

1

0.9

13.15

RC

Barana

SGRC1642

743713

903099

406

100

270

-60

30

36

6

5.4

1.46

RC

Barana

SGRC1643

743757

903098

407

100

270

-60

NSI

 

 

 

 

RC

Barana

SGRC1644

743736

903400

404

104

270

-60

12

15

3

2.7

1.71

RC

Barana

 

 

 

 

 

 

 

41

45

4

3.6

1.72

RC

Barana

SGRC1645

743787

903400

405

100

270

-60

NSI

 

 

 

 

RC

Barana

SGRC1646

743724

903301

405

100

270

-60

NSI

 

 

 

 

RC

Barana

SGRC1647

743773

903301

406

120

270

-60

43

45

2

1.8

90.90

RC

Barana

 

 

 

 

 

 

including

43

44

1

0.9

180.50

RC

Barana

SGRC1648

743735

903498

402

120

270

-60

NSI

 

 

 

 

RC

Barana

SGRC1649

743783

903500

404

132

270

-60

NSI

 

 

 

 

RC

Barana

SGRD1650

743769

902799

399

203.6

270

-60

NSI

 

 

 

 

RCD

Barana

SGRC1651

743806

902701

395

112

270

-60

NSI

 

 

 

 

RC

Barana

SGRC1652

743819

902799

399

120

270

-60

57

64

7

6.3

0.74

RC

Barana

 

Notes:

  1. EOH: End of hole
  2. NSI: No significant intercepts
  3. ETW: Estimated true width
  4. RCD: Reverse circulation with diamond tail | DD: Diamond drilling tail | RC: Reverse Circulation drilling
     

APPENDIX 2. Yaramoko Mine, Burkina Faso: Zone 55 drill results

HoleID

Easting (ADINDAN_30N)

Northing (ADINDAN_30N)

Mine Elevation (m)

Actual Elevation
(m)

EOH1 Depth (m)

UTM Azimuth

Dip

Depth2 From (m)

Depth To
(m)

Drilled Interval (m)

ETW3
(m)

Au (ppm)

YRM-22-GCDD-184

469653

1299283

4512

-488

273.0

169

-12

254.1

259.7

5.6

5.5

9.60

YRM-22-GCDD-187

469654

1299284

4512

-488

278.1

164

-15

254.85

258.2

3.3

2.9

9.46

YRM-22-GCDD-188

469654

1299284

4512

-488

282.7

163

-22

272.8

275.65

2.8

2.6

5.05

YRM-22-GCDD-190

469654

1299284

4512

-488

272.2

157

-18

251.7

257.3

5.6

5.2

4.91

YRM-22-GCDD-193

469654

1299284

4512

-488

282.0

169

-19

266.85

268.45

1.6

1.3

6.18

YRM-22-GCDD-194

469654

1299284

4512

-488

304.3

169

-24

281.8

284.9

3.1

2.6

9.54

YRM-22-GCDD-199

469700

1299286

4511

-489

265.0

184

-10

NS

Hole Abandoned

YRM-23-GCDD-200

469653

1299284

4512

-488

282.0

173

-17

267.7

270

2.3

2.0

9.76

YRM-22-GCDD-201

469888

1299363

4508

-492

317.5

143

-47

NS

Hole Abandoned

YRM-22-GCDD-202

469653

1299284

4512

-488

267.0

173

-12

256.4

259

2.6

2.5

12.90

YRM-23-GCDD-203

469653

1299284

4512

-488

311.7

175

-22

287.9

291.97

4.1

3.1

32.77

YRM-23-GCDD-204

469653

1299284

4512

-488

312.0

175

-25

292.7

295.8

3.1

2.4

2.75

YRM-23-GCDD-205

469652

1299284

4512

-488

321.8

186

-20

302.28

307.9

5.6

4.6

13.19

YRM-23-GCDD-206

469653

1299284

4512

-488

332.0

184

-26

307.8

313.7

5.9

2.5

2.72

YRM-23-GCDD-207

469653

1299284

4512

-488

316.7

175

-27

294.8

297.65

2.8

2.3

10.58

YRM-23-GCDD-214

469932

1299193

4368

-632

125.8

165

-61

119.5

123.8

4.3

1.8

9.47

YRM-23-GCDD-215

469932

1299193

4368

-632

150.0

165

-65

133

135.5

2.5

1.2

0.20

YRM-23-GCDD-216

469950

1299198

4369

-631

105.0

114

-6

84.25

85.7

1.5

1.1

0.62

YRM-23-GCDD-217

469950

1299197

4369

-631

110.0

127

-16

75.55

78.45

2.9

2.4

1.50

YRM-23-GCDD-222

469951

1299198

4369

-631

116.0

117

-31

90

91

1.0

0.9

4.91

YRM-23-GCDD-223

469951

1299199

4369

-631

130.0

103

-31

104.9

112.4

7.5

5.9

1.07

YRM-23-GCDD-223

 

 

 

 

 

 

Incl

110

112.4

2.4

1.7

3.10

YRM-23-GCDD-224

469951

1299199

4369

-631

150.4

102

-42

120.95

133.6

12.7

8.2

8.94

YRM-23-GCDD-225

469950

1299198

4368

-632

177.5

129

-66

138.05

159.6

21.6

8.1

0.01

YRM-23-GCDD-227

469951

1299199

4368

-632

177.5

100

-51

140.1

152.75

12.7

8.6

8.82

YRM-22-DD-534

469654

1299284

4512

-488

296.0

156

-24

271.2

274.2

3.0

2.6

2.45

YRM-23-DD-547

469652

1299284

4512

-488

304.0

187

-12

292.6

297.3

4.7

3.8

3.44

YRM-23-DD-548

469653

1299284

4512

-488

331.2

188

-1

273.2

273.6

0.4

0.4

1.35

YRM-23-DD-550

469643

1299358

4723

-277

420.0

183

-23

356.7

358.2

1.5

1.1

0.03

Notes:

  1. EOH: End of hole
  2. NS: Not sampled
  3. ETW: Estimated true width

APPENDIX 3. Baborigame Project, Mexico: Drill results

Hole_ID

Zone

Easting (WGS84_13N)

Northing (WGS84_13N)

Elevation (m)

EOH1 Depth (m)

Azimuth

Dip

Depth from (m)

Depth2 To (m)

ETW3 (m)

Au (ppm)

Ag (ppm)

BAB-22-001

Los Angeles

267974

2918084

2070

162

180

-45

122.00

122.30

0.24

7.79

9

 

 

 

 

 

 

 

 

129.50

129.85

0.28

1.49

12

 

 

 

 

 

 

 

 

153.75

155.00

1.00

22.60

28

BAB-22-002

Los Angeles

267968

2918138

2077

231

180

-60

NSI

BAB-22-003

Cebollas West

269374

2922508.14

2277.8

279

215

-65

20.20

21.00

0.64

0.94

9

 

 

 

 

 

 

 

 

29.00

30.20

0.96

0.82

13

 

 

 

 

 

 

 

 

47.50

48.60

0.88

1.03

24

 

 

 

 

 

 

 

 

105.80

106.40

0.48

0.80

14

 

 

 

 

 

 

 

 

144.85

145.20

0.28

1.29

36

 

 

 

 

 

 

 

 

153.35

155.90

2.08

2.01

132

 

 

 

 

 

 

 

Incl

153.35

154.95

1.28

3.05

193

BAB-22-004

Cebollas West

269374

2922508.26

2277.8

348

215

-80

99.25

100.40

0.92

0.81

36

 

 

 

 

 

 

 

 

104.00

105.35

1.08

2.25

13

 

 

 

 

 

 

 

 

170.80

171.30

0.40

2.35

242

 

 

 

 

 

 

 

 

178.00

179.50

1.20

7.64

55

 

 

 

 

 

 

 

 

182.50

183.00

0.40

1.68

157

 

 

 

 

 

 

 

 

192.00

197.05

4.04

2.66

155

 

 

 

 

 

 

 

Incl

192.00

194.65

2.12

2.74

29

 

 

 

 

 

 

 

Incl

196.10

197.05

0.76

6.25

705

 

 

 

 

 

 

 

 

248.10

248.50

0.32

1.20

121

 

 

 

 

 

 

 

 

280.00

282.30

1.84

1.40

123

 

 

 

 

 

 

 

Incl

282.00

282.3

0.24

5.05

347

 

 

 

 

 

 

 

 

318.20

319.10

0.72

4.86

341

 

 

 

 

 

 

 

Incl

318.20

318.6

0.32

10.15

693

 

 

 

 

 

 

 

 

333.65

335.75

1.68

0.30

82

BAB-22-005

Cebollas West

269590

2922498

2215

201

205

-50

141.40

142.70

1.04

0.61

39

 

 

 

 

 

 

 

 

146.05

147.00

0.76

1.34

17

 

 

 

 

 

 

 

 

151.85

152.2

0.28

0.92

251

BAB-22-006

Cebollas West

269590

2922498

2215

354

205

-72

145.95

146.65

0.56

0.83

14

BAB-22-007

Los Angeles

267940

2918187

2080

294

180

-55

256.15

256.85

0.56

1.15

56

BAB-23-008

Cebollas Centre

270161

2922424

2165

443

154

-48

111.00

113.00

1.60

1.59

11

 

 

 

 

 

 

 

 

132.70

134.35

1.32

1.06

9

 

 

 

 

 

 

 

 

167

168

0.80

0.42

45

 

 

 

 

 

 

 

 

171.85

173

0.92

0.78

14

 

 

 

 

 

 

 

 

186.00

187.00

0.80

1.09

20

BAB-23-009

Cebollas West

269515

2922631

2170

402

224

-50

47.00

49.00

1.60

1.42

14

 

 

 

 

 

 

 

 

56.80

57.10

0.24

28.70

28

 

 

 

 

 

 

 

 

72.00

73.00

0.80

1.47

7

 

 

 

 

 

 

 

 

160.50

162.00

1.20

0.61

111

 

 

 

 

 

 

 

 

188.15

190.70

2.04

2.41

314

 

 

 

 

 

 

 

Incl

188.15

188.7

0.44

8.52

1025

 

 

 

 

 

 

 

 

281.50

282.15

0.52

0.32

60

 

 

 

 

 

 

 

 

345.65

346.40

0.60

5.95

631

 

 

 

 

 

 

 

 

350.00

351.00

0.80

1.10

111

 

 

 

 

 

 

 

 

379.00

381.00

1.60

0.22

85

BAB-23-010

Cebollas West

269293

2922575

2275

312

221

-75

120.85

121.2

0.28

0.95

29

 

 

 

 

 

 

 

 

124.35

125.00

0.52

1.07

26

 

 

 

 

 

 

 

 

179.00

180.00

0.80

1.43

84

 

 

 

 

 

 

 

 

186.00

187.00

0.80

0.52

44

 

 

 

 

 

 

 

 

188.75

189.70

0.76

0.23

166

 

 

 

 

 

 

 

 

191.00

192.50

1.20

3.34

538

 

 

 

 

 

 

 

Incl

191.00

192

0.80

4.65

721

 

 

 

 

 

 

 

 

267.00

269.00

1.60

4.35

3

BAB-23-011

Sucara

269999

2923629

2025

228

291

-50

NSI

BAB-23-012

Sucara

269783

2923704

2098

105

109

-50

NSI

BAB-23-013

Sucara

269781

2923705

2098

303

288

-50

NSI

BAB-23-014

Sucara South

269873

2922842

2248

240

270

-70

NSI

Notes:

  1. EOH: End of hole
  2. NSI: No significant intercepts
  3. ETW: Estimated true width

image-20230808081054-10

Figure 1

image-20230808081054-11

Sunbird Deposit long-section showing select recent drilling results (looking west)
Figure 2

image-20230808081054-12

Séguéla Mine location plan highlighting key exploration prospects
Figure 3

image-20230808081054-13

Barana and Badior plan showing recent drilling results
Figure 4

image-20230808081054-14

Zone 55 long-section showing recent drilling results
Figure 5

image-20230808081054-15

Baborigame plan view of drill testing at Los Pinos and the western extension of the Cebollas West zone; refer to Figure 6 and Figure 7 for cross-sections 1 and 2
Figure 6

image-20230808081054-16

Cross-section 1 of drill testing at Los Pinos and the western extension of the Cebollas West zone
Figure 7

image-20230808081054-17

Cross-section 2 of drill testing at Los Pinos and the western extension of the Cebollas West zone

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