Fortuna reports positive reconciliation of reserves for the fourth quarter 2019 at the Lindero Mine, Argentina

Fortuna reports positive reconciliation of reserves for the fourth quarter 2019 at the Lindero Mine, Argentina

VANCOUVER, British Columbia, Jan. 13, 2020 (GLOBE NEWSWIRE) — Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to report pre-production mining reconciliation results at the Lindero Mine located in the Province of Salta, Argentina. In the fourth quarter of 2019, an estimated 452,000 tonnes of mineralized material was stockpiled averaging 0.58 g/t Au containing 8,400 ounces of gold, representing 12 percent more gold ounces than was predicted in the reserve block model. The operation also benefitted from handling five percent less waste tonnes than expected.
Eric Chapman, Vice-President Technical Services, commented, “The encouraging maiden reconciliation results reflect a good correlation in gold grade between the mine and the reserve model.” Mr. Chapman continued, “In the first quarter of 2020, the mining rate is planned to increase as mining activities expose higher grade mineralized areas located in the southeast of the deposit for direct feeding to the crushing circuit.”In September 2019, pre-production mining activities commenced at Lindero with blasting and the development of production platforms. A total of 452,000 tonnes of mineralized material and 929,000 tonnes of waste were mined in the fourth quarter of 2019.The table below details material movements from the pit as estimated from the grade control model versus the Mineral Reserve block model for comparable volumes.
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