Company News: Fortuna Silver
Updated: 20 Sep 2010
Latin American Expertise
Fortuna's key strength is industry expertise in Latin America. Management's knowledge of regional mining, business practices, exploration, geology and regulatory environments has allowed Fortuna to identify and seize opportunities within the region. We are aggressively pursuing and evaluating further accretive acquisitions throughout the Americas.
Two Key Assets
The 100%-owned Caylloma silver-zinc-lead mine lies within the mineral-rich Caylloma Mining District in the southern highlands of Arequipa, Peru. It is a high grade epithermal vein system with significant untested potential within its over 12,000 hectare land package. Fortuna operates the mine at over 1,000 tpd and is working on the permitting to further increase throughput to 1,500 tpd. Exploration activities include testing of high grade silver and base metal targets within the Caylloma Mining District and evaluation of surrounding properties to identify opportunities warranting more advanced exploration and development.
The 100% owned San Jose silver-gold project is a low sulphidation epithermal system located within the Taviche Mining District located in southern Oaxaca, Mexico. Fortuna has completed over 64,000m of drilling in the Trinidad Area of the San Jose Project which has been incorporated into a new NI43-101 compliant resource estimation published in October 2009. Indicated Resources are 37.6 M ounces of silver equivalent at 295 g/t Ag + 2.27 g/t Au and Inferred Resources are 30.4 M ounces of silver equivalent with 262 g/t Ag + 2.11 g/t Au. Management expects to bring a construction decision to the Board of Directors during the fourth quarter of 2009, start construction in 2010 and production in 2011. Once San Jose enters production, Fortuna will deliver approximately 5 million ounces of silver equivalent per year from its operations in Peru and Mexico.
Rapid Growth
Fortuna is a growth oriented silver and base metal producer focused on mining opportunities in Latin America. We acquired both Caylloma and San Jose in late 2005. In Peru, Caylloma is currently producing at a rate of roughly 1,200 tpd. In Mexico, management is fast tracking development of the San Jose silver-gold project. We are also aggressively pursuing additional accretive acquisition opportunities.
Fortuna's key strength is industry expertise in Latin America. Management's knowledge of regional mining, business practices, exploration, geology and regulatory environments has allowed Fortuna to identify and seize opportunities within the region. We are aggressively pursuing and evaluating further accretive acquisitions throughout the Americas.
Two Key Assets
The 100%-owned Caylloma silver-zinc-lead mine lies within the mineral-rich Caylloma Mining District in the southern highlands of Arequipa, Peru. It is a high grade epithermal vein system with significant untested potential within its over 12,000 hectare land package. Fortuna operates the mine at over 1,000 tpd and is working on the permitting to further increase throughput to 1,500 tpd. Exploration activities include testing of high grade silver and base metal targets within the Caylloma Mining District and evaluation of surrounding properties to identify opportunities warranting more advanced exploration and development.
The 100% owned San Jose silver-gold project is a low sulphidation epithermal system located within the Taviche Mining District located in southern Oaxaca, Mexico. Fortuna has completed over 64,000m of drilling in the Trinidad Area of the San Jose Project which has been incorporated into a new NI43-101 compliant resource estimation published in October 2009. Indicated Resources are 37.6 M ounces of silver equivalent at 295 g/t Ag + 2.27 g/t Au and Inferred Resources are 30.4 M ounces of silver equivalent with 262 g/t Ag + 2.11 g/t Au. Management expects to bring a construction decision to the Board of Directors during the fourth quarter of 2009, start construction in 2010 and production in 2011. Once San Jose enters production, Fortuna will deliver approximately 5 million ounces of silver equivalent per year from its operations in Peru and Mexico.
Rapid Growth
Fortuna is a growth oriented silver and base metal producer focused on mining opportunities in Latin America. We acquired both Caylloma and San Jose in late 2005. In Peru, Caylloma is currently producing at a rate of roughly 1,200 tpd. In Mexico, management is fast tracking development of the San Jose silver-gold project. We are also aggressively pursuing additional accretive acquisition opportunities.
| Exchange/Symbol: | TSXV:FVI |
Most Recent Company News
- Professional Placements: Vice President Corporate Development - Fortuna Silver Mines - 01 Mar 2012 1:15pm
Established in 2004, Fortuna is a growth-oriented silver and base metal producer focused on mining opportunities in Latin America. Read more... - Site visit: Fortuna gets second silver mine up and running - 28 Oct 2011 12:27pm
In November 2005, and having just come off its first acquisition, Fortuna Silver Mines Inc announced its entry into Mexico’s San Jose silver development project. Now, six years later, an underground silver-gold mine has been built, on schedule Read more... - San Jose commercial - 09 Sep 2011 1:25pm
Commercial production has started at Fortuna Silver Mines Inc’s wholly-owned San Jose silver-gold mine in Oaxaca, Mexico Read more... - Mexico: Shine on - 13 May 2011 11:43am
Mexico has regained top spot as the world’s largest silver producer as companies seek out its mineral wealth Read more... - Peru: holds steady - 15 Apr 2011 11:42am
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Mexico can count on its mining industry to shine as the country’s economy begins to recover Read more... - Fortuna begins San Jose build - 30 Apr 2010 10:51am
Fortuna Silver Mines Inc has awarded the engineering, procurement and construction management contract for the plant and other facilities at its San Jose epithermal silver-gold silver project in Mexico, following a positive independent prefeasibility study Read more...
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