Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Fortuna intersects 31.3 g/t gold over 12.0 meters from the Karakara Prospect at the Diamba Sud Gold Project By: Fortuna Mining Corp. via GlobeNewswire June 25, 2024 at 05:00 AM EDT VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration programs at the Diamba Sud Gold Project in Senegal. Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “Drilling at Karakara continues to improve our understanding of the prospect’s potential, returning several high-grade intercepts including a highlight intersection of 31.3 g/t Au over an estimated true width of 12.0 meters in drill hole DSDD243. The exploration team is looking forward to utilizing the improved understanding of the geological controls on gold mineralization to further advance the regional exploration programs.” Mr. Weedon concluded, “Our focus has now moved towards progressing some of the many satellite opportunities at Diamba Sud, with highly encouraging, early-stage results such as 8.9 g/t Au over an estimated true width of 27.7 meters returned from drill hole DSR680 at Western Splay, and 2.9 g/t Au over an estimated true width of 15.3 meters returned from drill hole DSDD262 at Kassasoko. These prospects represent new opportunities for additional ounces and continue to highlight the prospectivity of the wider Diamba Sud Gold Project.” Diamba Sud Gold Project, Senegal Drilling at Diamba Sud has continued with the focus moving to testing and upgrading several key high priority satellite prospects (refer to Figure 1), including Western Splay and Kassasoko, as well as further work to improve the definition and understanding of the mineralization controls at Bougouda and Karakara. An additional 20,665-meter, 159-hole program has been completed at Diamba Sud since March 2024 (refer to Fortuna news release dated March 11, 2024). Results from this program will be incorporated into the ongoing project development work, with the encouraging results from Western Splay and Kassasoko expected to contribute toward growing the project portfolio and resource base, while also improving confidence in the regional geological understanding. With the tempo of drilling planned to slow across the forthcoming rainy season, the exploration team will continue to review and fine-tune the geological controls on mineralization. Figure 1: Diamba Sud Gold Project location plan Karakara Prospect Infill and extension drilling at Karakara continued to define additional mineralization beyond the historic pit design, while also providing confirmatory data to help validate previous geological interpretations. Karakara drilling highlights include: DSDD223:4.6 g/t Au over an estimated true width of 8.2 meters from 139 metersDSDD229:7.0 g/t Au23.7 g/t Au over an estimated true width of 7.2 meters from 141 meters over an estimated true width of 1.6 meters from 157 metersDSDD238:4.3 g/t Au over an estimated true width of 10.4 meters from 120 metersDSDD243:31.3 g/t Au 87.0 g/t Au 11.1 g/t Au 1.8 g/t Au over an estimated true width of 12.0 meters from 24 meters, including over an estimated true width of 4.0 meters from 28 meters, and over an estimated true width of 1.6 meters from 34 meters over an estimated true width of 8.0 meters from 85 metersDSDD246:4.6 g/t Au over an estimated true width of 10.8 meters from 128.5 metersDSDD217:1.6 g/t Au 1.1 g/t Au 9.6 g/t Au over an estimated true width of 7.6 meters from 50.5 meters over an estimated true width of 6.3 meters from 79.6 meters over an estimated true width of 3.2 meters from 117 metersDSDD219:1.8 g/t Au over an estimated true width of 10.4 meters from 112 metersDSDD292:6.3 g/t Au over an estimated true width of 5.9 meters from 44 meters An updated interpretation supported by further drilling will take place during the third quarter of 2024 to further refine the controls on mineralization, the association with the nearby Area D and the Moungoundi to Southern Arc prospects (refer to Figure 2). Figure 2: Karakara cross-section showing select results - looking north Kassasoko Prospect Drilling at Kassasoko, located approximately 1-kilometer to the southeast of Western Splay, was successful in intersecting several broad zones of mineralization. Drilling highlights include: DSDD262:2.9 g/t Au over an estimated true width of 15.3 meters from 28.2 metersDSR685:1.3 g/t Au over an estimated true width of 16.8 meters from 108 metersDSR6862.5 g/t Au 1.1g/t Au over an estimated true width of 7.7 meters from 19 meters, and over an estimated true width of 11.9 meters from 116 meters In comparison to mineralization elsewhere at Diamba Sud, mineralization at Kassasoko is hosted within a granitic unit and in close proximity to a series of dioritic intrusives (refer to Figure 3). Exploration work is continuing. Figure 3: Kassasoko cross-section showing select results - looking northeast Western Splay drilling highlights include: DSDD232:8.6 g/t Au over an estimated true width of 11.9 meters from 132 metersDSDD275:12.8 g/t Au over an estimated true width of 8.2 meters from 114.7 metersDSR679:8.8 g/t Au 6.1 g/t Au over an estimated true width of 4.0 meters from 7 meters, and over an estimated true width of 6.9 meters from 47 metersDSR680:8.9 g/t Au over an estimated true width of 27.7 meters from 104 metersDSDD245:2.8 g/t Au 1.3 g/t Au 1.4 g/t Au over an estimated true width of 12.9 meters from 11 meters, and over an estimated true width of 5.0 meters from 30 meters, and over an estimated true width of 7.3 meters from 53 metersDSDD248:4.8 g/t Au 3.0 g/t Au 2.1 g/t Au 3.4 g/t Au over an estimated true width of 7.9 meters from 19 meters, and over an estimated true width of 4.0 meters from 31 meters, and over an estimated true width of 17.8 meters from 59 meters, and over an estimated true width of 5.9 meters from 83 metersDSDD293:6.9 g/t Au over an estimated true width of 33.3 meters from 115.4 meters Drilling continues, extending further to the south to test below an active artisanal area, with the objective of increasing the prospect footprint, as well as improving the geological interpretation of the wider southern area of Diamba Sud, particularly the relationships between the Moungoundi-Western Splay-Kassasoko-Southern Arc prospects. Figure 4: Western Splay cross-section showing select results - looking north Refer to Appendix 1 for full details of the drill holes and assay results for this drill program at the Diamba Sud Gold Project. 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 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 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 RC and DD samples were transported to ALS’s preparation laboratory in Kedougou, Senegal before also being transported 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 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, Senior Vice President of Exploration for Fortuna Mining Corp., 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 Mining Corp. Fortuna Mining Corp. 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 DirectorFortuna Mining Corp. Investor Relations: Carlos Baca | info@fmcmail.com | fortunamining.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 of the Diamba Sud Gold Project based on the early success at the Western Splay and Kassasoko prospects, statements relating to the potential to progress the satellite opportunities at the Diamba Sud Gold Project; the proposed plan to update the geological interpretation of certain prospects including the Karakara prospect in the third quarter of 2024; the Company’s objectives for the current drilling program at the Diamba Sud Gold Project and expectations regarding additional drilling and exploration programs planned 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 gold, silver, 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 appeal in respect of the ruling in favor of Compañia Minera Cuzcatlan S.A. de C.V. reinstating the environmental impact authorization at the San Jose Mine (the “EIA”) will be successful; 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, 2023. 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 Company’s mineral properties including 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 the appeal filed in the Mexican Collegiate Court challenging the reinstatement of the EIA will be unsuccessful; 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: Diamba Sud Gold Project, Senegal HoleIDEasting (WGS84_29N)Northing (WGS84_29N)Elev (m)EOH1 Depth (m)UTM AzimuthDipDepth From (m)Depth To (m)Drilled Width (m)ETW (m)Au (ppm)Hole TypeAreaDSDD2132318711428285153221270-60NSI DDKarakaraDSDD2152316981428285152152270-6064.367.83.52.86.0DDKarakara incl6767.80.80.613.1DDKarakara 97105.78.77.04.9DDKarakara incl104.8105.70.90.729.1DDKarakaraDSDD2172317481428219151157270-5550.5609.57.61.6DDKarakara 79.687.47.96.31.1DDKarakara 1171214.03.29.6DDKarakara incl1191201.00.834.9DDKarakaraDSDD2192317191428103150203340-5011212513.010.41.8DDKarakara 1691723.02.42.6DDKarakaraDSDD2222319751428419153191270-601361437.05.61.9DDKarakaraDSDD2232318221428246152203270-601191256.04.82.2DDKarakara 1311354.03.22.3DDKarakara 139149.310.38.24.6DDKarakara incl1451461.00.810.5DDKarakara and148.1149.31.21.021.8DDKarakaraDSDD2262319661428407154179270-65NSI DDKarakaraDSDD2272319161428376154179270-6087.7935.34.33.7DDKarakara incl92931.00.812.7DDKarakara 1401433.02.42.1DDKarakaraDSDD2292319101428425155191270-601411509.07.27.0DDKarakara incl1441451.00.852.0DDKarakara 1571592.01.623.7DDKarakara incl1571581.00.843.8DDKarakaraDSDD2312318881428344154201270-6048513.02.44.8DDKarakara incl49501.00.812.3DDKarakara 829311.08.81.5DDKarakaraDSDD2332318631428325153185270-6074751.00.87.9DDKarakara 1451483.02.42.0DDKarakaraDSDD2342316141428102151161340-50NSI DDKarakaraDSDD2372317931428200151222270-5055594.03.22.2DDKarakara 81854.03.22.4DDKarakara 94984.03.21.5DDKarakara 171.91742.11.76.1DDKarakara incl171.91731.10.910.2DDKarakara 1931974.03.21.4DDKarakaraDSDD2382318531428225151200270-5512013313.010.44.3DDKarakara incl1211221.00.828.7DDKarakara and1251261.00.814.5DDKarakaraDSDD240231739142826815218590-60607313.010.41.2DDKarakaraDSDD2432317491428174150161270-50243915.012.031.3DDKarakara incl28335.04.087.0DDKarakara and34362.01.611.1DDKarakara 859510.08.01.8DDKarakaraDSDD2442319171428204151233270-551001022.01.613.1DDKarakara incl1011021.00.823.4DDKarakara 1391434.03.28.0DDKarakara incl1391401.00.826.0DDKarakara 1471503.02.46.5DDKarakara incl1481491.00.813.9DDKarakara 1992034.03.21.9DDKarakaraDSDD2462318501428253152200270-6089.990.50.60.512.4DDKarakara 109.5112.53.02.41.8DDKarakara 116.21214.83.92.0DDKarakara 128.514213.510.84.6DDKarakara incl1291301.00.831.2DDKarakaraDSDD247231805142837815314990-6058613.02.42.8DDKarakara 1311321.00.85.1DDKarakaraDSR624231456142820215412090-50NSI RCKarakaraDSR625231393142819715315090-50NSI RCKarakaraDSR626231344142820215315090-50NSI RCKarakaraDSR627231428142827515615690-50NSI RCKarakaraDSR628231368142827715615490-50NSI RCKarakaraDSR629233310142826815215090-50NSI RCKarakaraDSR6302315591428117153132340-50152510.08.00.8RCKarakara 304111.08.81.2RCKarakara 455611.08.80.9RCKarakaraDSR6312315061428148151130340-50NSI RCKarakaraDSR6322315261428108151180340-50NSI RCKarakaraDSR6332315791428053150180340-50NSI RCKarakaraDSR6702315581428006149102340-50NSI RCKarakaraDSR6712320401428349157102270-50NSI RCKarakaraDSR6722321011428398159108270-50NSI RCKarakaraDSR6732321681428450162102270-50NSI RCKarakaraDSDD2922316771428179152152273-4944506.05.96.3DDKarakara Inc46471.01.020.4 58591.01.05.5 DSDD2952316601428201153104271-5045505.05.03.2DDKarakara DSDD2392316661425923145133.6150-5511132.01.43.6DDKassasokoDSDD2412317211425826116105330-50NSI DDKassasokoDSDD2422316371425919118150330-50203717.011.91.3DDKassasoko 46537.04.90.9DDKassasokoDSDD2592316861425747144131330-50NSI DDKassasokoDSDD2602315881425832144138150-502526.71.71.26.7DDKassasoko incl2626.70.70.513.9DDKassasokoDSDD261231814142578714374330-50NSI DDKassasokoDSDD262231877142588514298330-6528.25021.815.32.9DDKassasoko incl36371.00.720.8DDKassasokoDSDD263232299142612014280330-50NSI DDKassasokoDSDD2642317051425912145125150-5021232.01.412.6DDKassasoko incl21221.00.723.4DDKassasoko 88924.02.81.3DDKassasokoDSDD2652316021425855144138150-501301311.00.75.3DDKassasokoDSDD2682318411425730144153330-5584939.06.31.1DDKassasoko 1331396.04.21.2DDKassasokoDSDD2712315541425886145164150-50NSI DDKassasokoDSDD2732317121425941144134150-55NSI DDKassasokoDSR6852317821425886143144150-50405111.07.71.2RCKassasoko 63663.02.12.6RCKassasoko 10813224.016.81.3RCKassasokoDSR6862317601425904143146150-50193011.07.72.5RCKassasoko 566812.08.40.7RCKassasoko 11613317.011.91.1RCKassasokoDSR6872315681425964144150150-50273811.07.70.8RCKassasoko 60666.04.21.0RCKassasokoDSR688231874142594614494150-5570799.06.31.2RCKassasokoDSR689231892142596214490150-50NSI RCKassasokoDSR690231929142599514495150-5062631.00.78.6RCKassasokoDSR6912322441426155144114150-5040488.05.63.3RCKassasoko incl41421.00.711.0RCKassasokoDSR692232315142618814490150-50NSI RCKassasoko DSDD230231070142625014515290-5015227.06.92.0DDWestern Splay 2733.56.56.43.2DDWestern Splay incl3333.50.50.511.5DDWestern Splay 56.8647.27.13.7DDWestern Splay incl56.857.50.70.717.2DDWestern SplayDSDD232231130142627714515290-5031310.09.90.9DDWestern Splay 66.5681.51.56.7DDWestern Splay 13214412.011.98.6DDWestern Splay incl132134.42.42.425.1DDWestern Splay and1381391.01.015.1DDWestern Splay and143143.50.50.514.0DDWestern SplayDSDD23523123114263251478190-5012197.06.91.9DDWestern Splay 23318.07.91.8DDWestern Splay 3540.45.45.33.8DDWestern Splay incl3939.80.80.813.1DDWestern Splay 60633.03.02.5DDWestern SplayDSDD2362312291426136140178310-55NSI DDWestern SplayDSDD245231097142626614521590-50112413.012.92.8DDWestern Splay incl19201.01.012.5DDWestern Splay 30355.05.01.3DDWestern Splay 5360.47.47.31.4DDWestern Splay 67.5757.57.40.7DDWestern Splay 164.7167.52.82.83.4DDWestern Splay 197.72035.35.21.3DDWestern SplayDSDD248231035142627614614390-5019278.07.94.8DDWestern Splay incl19201.01.014.9DDWestern Splay 31354.04.03.0DDWestern Splay 597718.017.82.1DDWestern Splay 83896.05.93.4DDWestern SplayDSDD249231109142634314715290-60223210.09.90.8DDWestern SplayDSDD250231062142632714622790-5039445.05.01.8DDWestern Splay 92931.01.05.9DDWestern Splay 1931952.02.02.9DDWestern SplayDSDD251231085142630014520490-50154168.214.214.13.1DDWestern Splay 1551561.01.011.5DDWestern Splay 171.31797.87.71.2DDWestern SplayDSDD252231115142632814623390-50169178.29.29.12.5DDWestern Splay incl1701711.01.014.7DDWestern SplayDSDD253231031142629314621590-50484.04.04.4DDWestern Splay incl561.01.012.5DDWestern Splay 45.549.84.34.31.3DDWestern Splay 68768.07.92.5DDWestern Splay 1821831.01.013.2DDWestern Splay 1982068.07.91.2DDWestern SplayDSDD254230882142640014716790-6083918.07.91.7DDWestern Splay 1001022.02.05.4DDWestern Splay 1121208.07.92.4DDWestern Splay 1251327.06.91.4DDWestern SplayDSDD25523112214263821488190-55NSI DDWestern SplayDSDD25623117914264071495990-55NSI DDWestern SplayDSDD25723112914264071489390-5541465.05.01.5DDWestern SplayDSDD258231237142635114812890-50NSI DDWestern SplayDSDD274231255142629514612290-50NSI DDWestern SplayDSDD275231186142628014614090-50114.71238.38.212.8DDWestern Splay incl1161193.03.032.5DDWestern SplayDSDD2772312021426184146120310-506070.210.27.12.9DDWestern Splay incl6969.70.70.717.1DDWestern SplayDSDD2792311871426174146188310-50NSI DDWestern SplayDSDD2822311631426140146117310-5065.2726.84.82.1DDWestern SplayDSDD2842312201426180146116310-55NSI DDWestern SplayDSDD2852311881426118146135310-50NSI DDWestern SplayDSR6742313481426181146102330-50NSI RCWestern SplayDSR6752313941426186147126330-50NSI RCWestern SplayDSR67623116814264511507890-50NSI RCWestern SplayDSR677231127142644814912690-50NSI RCWestern SplayDSR678231214142634514813290-6039478.07.93.2RCWestern SplayDSR679231261142632614713290-507114.04.08.8RCWestern Splay incl9101.01.025.6RCWestern Splay 20244.04.04.5RCWestern Splay incl21221.01.015.5RCWestern Splay 47547.06.96.1RCWestern Splay incl47481.01.025.2RCWestern Splay 586911.010.90.7RCWestern SplayDSR680231217142630014613890-5010413228.027.78.9RCWestern Splay incl1051061.01.013.7RCWestern Splay and1101144.04.028.6RCWestern Splay and1191201.01.011.3RCWestern SplayDSR681231063142621414515690-50NSI RCWestern SplayDSR682231129142630214618690-503118.07.91.2RCWestern SplayDSR683230980142626914615690-501081124.04.02.4RCWestern Splay 1291356.05.93.2RCWestern SplayDSR684230996142629514613990-5051598.07.91.9RCWestern SplayDSDD2872312461426227146179311-481481568.07.92.1DDWestern Splay Inc151.21520.8 10.3 DSDD2892312631426278146173309-50 NSIDDWestern Splay DSDD293231186142630414618090-49115.414933.633.36.9DDWestern Splay Inc127.11313.93.932.4 131.6132.30.70.613.6 1331341.01.011.1 1471481.01.010.1 DSDD266234590141195616768150-50231.00.79.9DDBougoudaDSDD2672345651411999167119150-50NSI DDBougoudaDSDD269234669141201416773150-5041.4464.73.33.2DDBougoudaDSDD2702346451412052167128150-501101177.04.93.5DDBougouda incl1111121.00.712.3DDBougoudaDSDD2722348491412030167139325-5071765.03.52.7DDBougoudaDSDD2782348731412074167104325-50NSI DDBougoudaDSDD2802348961412043167149325-50931018.05.63.3DDBougouda incl991001.00.712.8DDBougoudaDSDD2812350441412181167122325-50NSI DDBougoudaDSDD2832350681412150167153325-50NSI DDBougoudaDSDD2862353721411456167116150-50NSI DDBougoudaDSDD2882354881411556167152150-5074.275.81.61.210.5DDBougouda incl7575.80.80.620.3DDBougouda 10011313.09.11.8DDBougoudaDSR693235294141139316784150-50NSI RCBougoudaDSR694235334141141616784150-50748410.07.02.2RCBougoudaDSR695235460141149416775150-50NSI RCBougoudaDSR696235418141147616775150-5053563.02.13.8RCBougoudaDSR697235244141137316775150-50NSI RCBougoudaDSR698234576141165416792145-50NSI RCBougoudaDSR699234661141170616778145-5060622.01.411.2RCBougouda incl61621.00.715.6RCBougoudaDSR700234750141176116782140-5039401.00.75.5RCBougoudaDSR701234645141154816792140-50NSI RCBougoudaDSR702234732141159716780140-50NSI RCBougoudaDSR703234822141168316772140-50NSI RCBougoudaDSR7042346341411729167144145-50NSI RCBougoudaDSR705234973141095516772150-50NSI RCBougoudaDSR706234929141093516780150-50NSI RCBougoudaDSR707234749141087716796150-5065661.00.716.1RCBougouda 74762.01.431.3RCBougoudaDSR708234662141092716778200-50NSI RCBougoudaDSR709234609141093616796200-50NSI RCBougoudaDSR7102347311410877167156200-501491567.04.92.7RCBougoudaDSR7112347351410913167150150-5010111211.07.73.5RCBougouda incl1101111.00.724.9RCBougoudaDSR712234836141088716784150-5047503.02.12.8RCBougoudaDSR713234880141090416784150-5028335.03.51.5RCBougoudaDSR7142350541411011167100150-50NSI RCBougoudaDSR715235210141134816754150-50NSI RCBougoudaDSR716235502141151716790150-50658924.016.82.1RCBougouda incl77781.00.710.6RCBougoudaDSR717235553141154816790150-50193213.09.11.7RCBougouda 73796.04.20.9RCBougoudaDSR718235163141132116781150-50NSI RCBougoudaDSR719234712141172516778140-50NSI RCBougoudaDSR720234796141178316796145-50NSI RCBougoudaDSR7212346231411679167100140-5042475.03.59.4RCBougouda incl42442.01.419.3RCBougouda 51543.02.113.9RCBougouda incl51521.00.737.6RCBougoudaDSR7222346741411775167150140-50NSI RCBougoudaDSR723234617141152216780145-50NSI RCBougoudaDSR724234777141169916772145-50NSI RCBougoudaDSR725234773141164016784145-5070722.01.46.1RCBougoudaDSR726234857141169616772145-50NSI RCBougoudaDSR7282346181411592167162145-50NSI RCBougoudaDSR7292355311411583167150150-501031085.03.51.8RCBougoudaDSR7302353201411454167150150-5091910.07.00.7RCBougouda 1081157.04.92.3RCBougouda 1241317.04.91.0RCBougoudaDSR7312352251411409167150150-5024262.01.46.9RCBougouda incl24251.00.712.5RCBougouda 35416.04.26.8RCBougouda incl36371.00.735.7RCBougouda 47547.04.91.0RCBougoudaDSR7322354431411533167156150-50NSI RCBougoudaDSR7332347151411615167120325-50NSI RCBougoudaDSR736234790141201616760322-5135405.0 1.8RCBougouda 51521.0 6.6 DSR7372348101411987167113328-51991056.0 1.3RCBougoudaDSR738235110141224516790325-52NSI RCBougoudaDSR7392353451412424167126330-51NSI RCBougoudaDSR740235270141237416790326-51NSI RCBougoudaDSR741235192141231916784328-50NSI RCBougoudaDSR7422351461412207167126324-511051083.0 4.3RCBougoudaDSR7442349931412093167162320-52NSI RCBougoudaDSR745235215141228516766324-52NSI RCBougoudaDSR7342347791411714167120327-52NSI RCBougoudaDSR7352348321411731167126323-51NSI RCBougoudaDSDD2942354151411382167116327-517779.152.2 5.6DDBougoudaDSDD2902354501411404167128331-5264.9661.1 36.8DDBougouda Inc65.4660.6 56.4 BougoudaDSDD2912354841411458167128329-56NSI DDBougoudaDSDD2962353711411369167131326-52NSI DDBougouda Explanatory Notes: A. EOH - End of hole B. NSI: No significant intercepts C. ETW: Estimated true width D. Depths and widths reported to nearest significant decimal place E. DD: diamond drilling tail | RC: reverse circulation drilling A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/7bf0e403-d41b-42db-baa3-0702e83cbf9f Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/cf6acc2e-621e-4bdc-b7ca-445d960b9fbb https://www.globenewswire.com/NewsRoom/AttachmentNg/4bded518-db5b-4ac2-bcbe-46618e787759 https://www.globenewswire.com/NewsRoom/AttachmentNg/d12c02cf-9e7d-4726-af84-8a3f9aae6052 https://www.globenewswire.com/NewsRoom/AttachmentNg/355b3dad-801d-4742-81cc-d26606282394 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Fortuna intersects 31.3 g/t gold over 12.0 meters from the Karakara Prospect at the Diamba Sud Gold Project By: Fortuna Mining Corp. via GlobeNewswire June 25, 2024 at 05:00 AM EDT VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration programs at the Diamba Sud Gold Project in Senegal. Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “Drilling at Karakara continues to improve our understanding of the prospect’s potential, returning several high-grade intercepts including a highlight intersection of 31.3 g/t Au over an estimated true width of 12.0 meters in drill hole DSDD243. The exploration team is looking forward to utilizing the improved understanding of the geological controls on gold mineralization to further advance the regional exploration programs.” Mr. Weedon concluded, “Our focus has now moved towards progressing some of the many satellite opportunities at Diamba Sud, with highly encouraging, early-stage results such as 8.9 g/t Au over an estimated true width of 27.7 meters returned from drill hole DSR680 at Western Splay, and 2.9 g/t Au over an estimated true width of 15.3 meters returned from drill hole DSDD262 at Kassasoko. These prospects represent new opportunities for additional ounces and continue to highlight the prospectivity of the wider Diamba Sud Gold Project.” Diamba Sud Gold Project, Senegal Drilling at Diamba Sud has continued with the focus moving to testing and upgrading several key high priority satellite prospects (refer to Figure 1), including Western Splay and Kassasoko, as well as further work to improve the definition and understanding of the mineralization controls at Bougouda and Karakara. An additional 20,665-meter, 159-hole program has been completed at Diamba Sud since March 2024 (refer to Fortuna news release dated March 11, 2024). Results from this program will be incorporated into the ongoing project development work, with the encouraging results from Western Splay and Kassasoko expected to contribute toward growing the project portfolio and resource base, while also improving confidence in the regional geological understanding. With the tempo of drilling planned to slow across the forthcoming rainy season, the exploration team will continue to review and fine-tune the geological controls on mineralization. Figure 1: Diamba Sud Gold Project location plan Karakara Prospect Infill and extension drilling at Karakara continued to define additional mineralization beyond the historic pit design, while also providing confirmatory data to help validate previous geological interpretations. Karakara drilling highlights include: DSDD223:4.6 g/t Au over an estimated true width of 8.2 meters from 139 metersDSDD229:7.0 g/t Au23.7 g/t Au over an estimated true width of 7.2 meters from 141 meters over an estimated true width of 1.6 meters from 157 metersDSDD238:4.3 g/t Au over an estimated true width of 10.4 meters from 120 metersDSDD243:31.3 g/t Au 87.0 g/t Au 11.1 g/t Au 1.8 g/t Au over an estimated true width of 12.0 meters from 24 meters, including over an estimated true width of 4.0 meters from 28 meters, and over an estimated true width of 1.6 meters from 34 meters over an estimated true width of 8.0 meters from 85 metersDSDD246:4.6 g/t Au over an estimated true width of 10.8 meters from 128.5 metersDSDD217:1.6 g/t Au 1.1 g/t Au 9.6 g/t Au over an estimated true width of 7.6 meters from 50.5 meters over an estimated true width of 6.3 meters from 79.6 meters over an estimated true width of 3.2 meters from 117 metersDSDD219:1.8 g/t Au over an estimated true width of 10.4 meters from 112 metersDSDD292:6.3 g/t Au over an estimated true width of 5.9 meters from 44 meters An updated interpretation supported by further drilling will take place during the third quarter of 2024 to further refine the controls on mineralization, the association with the nearby Area D and the Moungoundi to Southern Arc prospects (refer to Figure 2). Figure 2: Karakara cross-section showing select results - looking north Kassasoko Prospect Drilling at Kassasoko, located approximately 1-kilometer to the southeast of Western Splay, was successful in intersecting several broad zones of mineralization. Drilling highlights include: DSDD262:2.9 g/t Au over an estimated true width of 15.3 meters from 28.2 metersDSR685:1.3 g/t Au over an estimated true width of 16.8 meters from 108 metersDSR6862.5 g/t Au 1.1g/t Au over an estimated true width of 7.7 meters from 19 meters, and over an estimated true width of 11.9 meters from 116 meters In comparison to mineralization elsewhere at Diamba Sud, mineralization at Kassasoko is hosted within a granitic unit and in close proximity to a series of dioritic intrusives (refer to Figure 3). Exploration work is continuing. Figure 3: Kassasoko cross-section showing select results - looking northeast Western Splay drilling highlights include: DSDD232:8.6 g/t Au over an estimated true width of 11.9 meters from 132 metersDSDD275:12.8 g/t Au over an estimated true width of 8.2 meters from 114.7 metersDSR679:8.8 g/t Au 6.1 g/t Au over an estimated true width of 4.0 meters from 7 meters, and over an estimated true width of 6.9 meters from 47 metersDSR680:8.9 g/t Au over an estimated true width of 27.7 meters from 104 metersDSDD245:2.8 g/t Au 1.3 g/t Au 1.4 g/t Au over an estimated true width of 12.9 meters from 11 meters, and over an estimated true width of 5.0 meters from 30 meters, and over an estimated true width of 7.3 meters from 53 metersDSDD248:4.8 g/t Au 3.0 g/t Au 2.1 g/t Au 3.4 g/t Au over an estimated true width of 7.9 meters from 19 meters, and over an estimated true width of 4.0 meters from 31 meters, and over an estimated true width of 17.8 meters from 59 meters, and over an estimated true width of 5.9 meters from 83 metersDSDD293:6.9 g/t Au over an estimated true width of 33.3 meters from 115.4 meters Drilling continues, extending further to the south to test below an active artisanal area, with the objective of increasing the prospect footprint, as well as improving the geological interpretation of the wider southern area of Diamba Sud, particularly the relationships between the Moungoundi-Western Splay-Kassasoko-Southern Arc prospects. Figure 4: Western Splay cross-section showing select results - looking north Refer to Appendix 1 for full details of the drill holes and assay results for this drill program at the Diamba Sud Gold Project. 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 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 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 RC and DD samples were transported to ALS’s preparation laboratory in Kedougou, Senegal before also being transported 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 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, Senior Vice President of Exploration for Fortuna Mining Corp., 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 Mining Corp. Fortuna Mining Corp. 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 DirectorFortuna Mining Corp. Investor Relations: Carlos Baca | info@fmcmail.com | fortunamining.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 of the Diamba Sud Gold Project based on the early success at the Western Splay and Kassasoko prospects, statements relating to the potential to progress the satellite opportunities at the Diamba Sud Gold Project; the proposed plan to update the geological interpretation of certain prospects including the Karakara prospect in the third quarter of 2024; the Company’s objectives for the current drilling program at the Diamba Sud Gold Project and expectations regarding additional drilling and exploration programs planned 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 gold, silver, 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 appeal in respect of the ruling in favor of Compañia Minera Cuzcatlan S.A. de C.V. reinstating the environmental impact authorization at the San Jose Mine (the “EIA”) will be successful; 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, 2023. 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 Company’s mineral properties including 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 the appeal filed in the Mexican Collegiate Court challenging the reinstatement of the EIA will be unsuccessful; 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: Diamba Sud Gold Project, Senegal HoleIDEasting (WGS84_29N)Northing (WGS84_29N)Elev (m)EOH1 Depth (m)UTM AzimuthDipDepth From (m)Depth To (m)Drilled Width (m)ETW (m)Au (ppm)Hole TypeAreaDSDD2132318711428285153221270-60NSI DDKarakaraDSDD2152316981428285152152270-6064.367.83.52.86.0DDKarakara incl6767.80.80.613.1DDKarakara 97105.78.77.04.9DDKarakara incl104.8105.70.90.729.1DDKarakaraDSDD2172317481428219151157270-5550.5609.57.61.6DDKarakara 79.687.47.96.31.1DDKarakara 1171214.03.29.6DDKarakara incl1191201.00.834.9DDKarakaraDSDD2192317191428103150203340-5011212513.010.41.8DDKarakara 1691723.02.42.6DDKarakaraDSDD2222319751428419153191270-601361437.05.61.9DDKarakaraDSDD2232318221428246152203270-601191256.04.82.2DDKarakara 1311354.03.22.3DDKarakara 139149.310.38.24.6DDKarakara incl1451461.00.810.5DDKarakara and148.1149.31.21.021.8DDKarakaraDSDD2262319661428407154179270-65NSI DDKarakaraDSDD2272319161428376154179270-6087.7935.34.33.7DDKarakara incl92931.00.812.7DDKarakara 1401433.02.42.1DDKarakaraDSDD2292319101428425155191270-601411509.07.27.0DDKarakara incl1441451.00.852.0DDKarakara 1571592.01.623.7DDKarakara incl1571581.00.843.8DDKarakaraDSDD2312318881428344154201270-6048513.02.44.8DDKarakara incl49501.00.812.3DDKarakara 829311.08.81.5DDKarakaraDSDD2332318631428325153185270-6074751.00.87.9DDKarakara 1451483.02.42.0DDKarakaraDSDD2342316141428102151161340-50NSI DDKarakaraDSDD2372317931428200151222270-5055594.03.22.2DDKarakara 81854.03.22.4DDKarakara 94984.03.21.5DDKarakara 171.91742.11.76.1DDKarakara incl171.91731.10.910.2DDKarakara 1931974.03.21.4DDKarakaraDSDD2382318531428225151200270-5512013313.010.44.3DDKarakara incl1211221.00.828.7DDKarakara and1251261.00.814.5DDKarakaraDSDD240231739142826815218590-60607313.010.41.2DDKarakaraDSDD2432317491428174150161270-50243915.012.031.3DDKarakara incl28335.04.087.0DDKarakara and34362.01.611.1DDKarakara 859510.08.01.8DDKarakaraDSDD2442319171428204151233270-551001022.01.613.1DDKarakara incl1011021.00.823.4DDKarakara 1391434.03.28.0DDKarakara incl1391401.00.826.0DDKarakara 1471503.02.46.5DDKarakara incl1481491.00.813.9DDKarakara 1992034.03.21.9DDKarakaraDSDD2462318501428253152200270-6089.990.50.60.512.4DDKarakara 109.5112.53.02.41.8DDKarakara 116.21214.83.92.0DDKarakara 128.514213.510.84.6DDKarakara incl1291301.00.831.2DDKarakaraDSDD247231805142837815314990-6058613.02.42.8DDKarakara 1311321.00.85.1DDKarakaraDSR624231456142820215412090-50NSI RCKarakaraDSR625231393142819715315090-50NSI RCKarakaraDSR626231344142820215315090-50NSI RCKarakaraDSR627231428142827515615690-50NSI RCKarakaraDSR628231368142827715615490-50NSI RCKarakaraDSR629233310142826815215090-50NSI RCKarakaraDSR6302315591428117153132340-50152510.08.00.8RCKarakara 304111.08.81.2RCKarakara 455611.08.80.9RCKarakaraDSR6312315061428148151130340-50NSI RCKarakaraDSR6322315261428108151180340-50NSI RCKarakaraDSR6332315791428053150180340-50NSI RCKarakaraDSR6702315581428006149102340-50NSI RCKarakaraDSR6712320401428349157102270-50NSI RCKarakaraDSR6722321011428398159108270-50NSI RCKarakaraDSR6732321681428450162102270-50NSI RCKarakaraDSDD2922316771428179152152273-4944506.05.96.3DDKarakara Inc46471.01.020.4 58591.01.05.5 DSDD2952316601428201153104271-5045505.05.03.2DDKarakara DSDD2392316661425923145133.6150-5511132.01.43.6DDKassasokoDSDD2412317211425826116105330-50NSI DDKassasokoDSDD2422316371425919118150330-50203717.011.91.3DDKassasoko 46537.04.90.9DDKassasokoDSDD2592316861425747144131330-50NSI DDKassasokoDSDD2602315881425832144138150-502526.71.71.26.7DDKassasoko incl2626.70.70.513.9DDKassasokoDSDD261231814142578714374330-50NSI DDKassasokoDSDD262231877142588514298330-6528.25021.815.32.9DDKassasoko incl36371.00.720.8DDKassasokoDSDD263232299142612014280330-50NSI DDKassasokoDSDD2642317051425912145125150-5021232.01.412.6DDKassasoko incl21221.00.723.4DDKassasoko 88924.02.81.3DDKassasokoDSDD2652316021425855144138150-501301311.00.75.3DDKassasokoDSDD2682318411425730144153330-5584939.06.31.1DDKassasoko 1331396.04.21.2DDKassasokoDSDD2712315541425886145164150-50NSI DDKassasokoDSDD2732317121425941144134150-55NSI DDKassasokoDSR6852317821425886143144150-50405111.07.71.2RCKassasoko 63663.02.12.6RCKassasoko 10813224.016.81.3RCKassasokoDSR6862317601425904143146150-50193011.07.72.5RCKassasoko 566812.08.40.7RCKassasoko 11613317.011.91.1RCKassasokoDSR6872315681425964144150150-50273811.07.70.8RCKassasoko 60666.04.21.0RCKassasokoDSR688231874142594614494150-5570799.06.31.2RCKassasokoDSR689231892142596214490150-50NSI RCKassasokoDSR690231929142599514495150-5062631.00.78.6RCKassasokoDSR6912322441426155144114150-5040488.05.63.3RCKassasoko incl41421.00.711.0RCKassasokoDSR692232315142618814490150-50NSI RCKassasoko DSDD230231070142625014515290-5015227.06.92.0DDWestern Splay 2733.56.56.43.2DDWestern Splay incl3333.50.50.511.5DDWestern Splay 56.8647.27.13.7DDWestern Splay incl56.857.50.70.717.2DDWestern SplayDSDD232231130142627714515290-5031310.09.90.9DDWestern Splay 66.5681.51.56.7DDWestern Splay 13214412.011.98.6DDWestern Splay incl132134.42.42.425.1DDWestern Splay and1381391.01.015.1DDWestern Splay and143143.50.50.514.0DDWestern SplayDSDD23523123114263251478190-5012197.06.91.9DDWestern Splay 23318.07.91.8DDWestern Splay 3540.45.45.33.8DDWestern Splay incl3939.80.80.813.1DDWestern Splay 60633.03.02.5DDWestern SplayDSDD2362312291426136140178310-55NSI DDWestern SplayDSDD245231097142626614521590-50112413.012.92.8DDWestern Splay incl19201.01.012.5DDWestern Splay 30355.05.01.3DDWestern Splay 5360.47.47.31.4DDWestern Splay 67.5757.57.40.7DDWestern Splay 164.7167.52.82.83.4DDWestern Splay 197.72035.35.21.3DDWestern SplayDSDD248231035142627614614390-5019278.07.94.8DDWestern Splay incl19201.01.014.9DDWestern Splay 31354.04.03.0DDWestern Splay 597718.017.82.1DDWestern Splay 83896.05.93.4DDWestern SplayDSDD249231109142634314715290-60223210.09.90.8DDWestern SplayDSDD250231062142632714622790-5039445.05.01.8DDWestern Splay 92931.01.05.9DDWestern Splay 1931952.02.02.9DDWestern SplayDSDD251231085142630014520490-50154168.214.214.13.1DDWestern Splay 1551561.01.011.5DDWestern Splay 171.31797.87.71.2DDWestern SplayDSDD252231115142632814623390-50169178.29.29.12.5DDWestern Splay incl1701711.01.014.7DDWestern SplayDSDD253231031142629314621590-50484.04.04.4DDWestern Splay incl561.01.012.5DDWestern Splay 45.549.84.34.31.3DDWestern Splay 68768.07.92.5DDWestern Splay 1821831.01.013.2DDWestern Splay 1982068.07.91.2DDWestern SplayDSDD254230882142640014716790-6083918.07.91.7DDWestern Splay 1001022.02.05.4DDWestern Splay 1121208.07.92.4DDWestern Splay 1251327.06.91.4DDWestern SplayDSDD25523112214263821488190-55NSI DDWestern SplayDSDD25623117914264071495990-55NSI DDWestern SplayDSDD25723112914264071489390-5541465.05.01.5DDWestern SplayDSDD258231237142635114812890-50NSI DDWestern SplayDSDD274231255142629514612290-50NSI DDWestern SplayDSDD275231186142628014614090-50114.71238.38.212.8DDWestern Splay incl1161193.03.032.5DDWestern SplayDSDD2772312021426184146120310-506070.210.27.12.9DDWestern Splay incl6969.70.70.717.1DDWestern SplayDSDD2792311871426174146188310-50NSI DDWestern SplayDSDD2822311631426140146117310-5065.2726.84.82.1DDWestern SplayDSDD2842312201426180146116310-55NSI DDWestern SplayDSDD2852311881426118146135310-50NSI DDWestern SplayDSR6742313481426181146102330-50NSI RCWestern SplayDSR6752313941426186147126330-50NSI RCWestern SplayDSR67623116814264511507890-50NSI RCWestern SplayDSR677231127142644814912690-50NSI RCWestern SplayDSR678231214142634514813290-6039478.07.93.2RCWestern SplayDSR679231261142632614713290-507114.04.08.8RCWestern Splay incl9101.01.025.6RCWestern Splay 20244.04.04.5RCWestern Splay incl21221.01.015.5RCWestern Splay 47547.06.96.1RCWestern Splay incl47481.01.025.2RCWestern Splay 586911.010.90.7RCWestern SplayDSR680231217142630014613890-5010413228.027.78.9RCWestern Splay incl1051061.01.013.7RCWestern Splay and1101144.04.028.6RCWestern Splay and1191201.01.011.3RCWestern SplayDSR681231063142621414515690-50NSI RCWestern SplayDSR682231129142630214618690-503118.07.91.2RCWestern SplayDSR683230980142626914615690-501081124.04.02.4RCWestern Splay 1291356.05.93.2RCWestern SplayDSR684230996142629514613990-5051598.07.91.9RCWestern SplayDSDD2872312461426227146179311-481481568.07.92.1DDWestern Splay Inc151.21520.8 10.3 DSDD2892312631426278146173309-50 NSIDDWestern Splay DSDD293231186142630414618090-49115.414933.633.36.9DDWestern Splay Inc127.11313.93.932.4 131.6132.30.70.613.6 1331341.01.011.1 1471481.01.010.1 DSDD266234590141195616768150-50231.00.79.9DDBougoudaDSDD2672345651411999167119150-50NSI DDBougoudaDSDD269234669141201416773150-5041.4464.73.33.2DDBougoudaDSDD2702346451412052167128150-501101177.04.93.5DDBougouda incl1111121.00.712.3DDBougoudaDSDD2722348491412030167139325-5071765.03.52.7DDBougoudaDSDD2782348731412074167104325-50NSI DDBougoudaDSDD2802348961412043167149325-50931018.05.63.3DDBougouda incl991001.00.712.8DDBougoudaDSDD2812350441412181167122325-50NSI DDBougoudaDSDD2832350681412150167153325-50NSI DDBougoudaDSDD2862353721411456167116150-50NSI DDBougoudaDSDD2882354881411556167152150-5074.275.81.61.210.5DDBougouda incl7575.80.80.620.3DDBougouda 10011313.09.11.8DDBougoudaDSR693235294141139316784150-50NSI RCBougoudaDSR694235334141141616784150-50748410.07.02.2RCBougoudaDSR695235460141149416775150-50NSI RCBougoudaDSR696235418141147616775150-5053563.02.13.8RCBougoudaDSR697235244141137316775150-50NSI RCBougoudaDSR698234576141165416792145-50NSI RCBougoudaDSR699234661141170616778145-5060622.01.411.2RCBougouda incl61621.00.715.6RCBougoudaDSR700234750141176116782140-5039401.00.75.5RCBougoudaDSR701234645141154816792140-50NSI RCBougoudaDSR702234732141159716780140-50NSI RCBougoudaDSR703234822141168316772140-50NSI RCBougoudaDSR7042346341411729167144145-50NSI RCBougoudaDSR705234973141095516772150-50NSI RCBougoudaDSR706234929141093516780150-50NSI RCBougoudaDSR707234749141087716796150-5065661.00.716.1RCBougouda 74762.01.431.3RCBougoudaDSR708234662141092716778200-50NSI RCBougoudaDSR709234609141093616796200-50NSI RCBougoudaDSR7102347311410877167156200-501491567.04.92.7RCBougoudaDSR7112347351410913167150150-5010111211.07.73.5RCBougouda incl1101111.00.724.9RCBougoudaDSR712234836141088716784150-5047503.02.12.8RCBougoudaDSR713234880141090416784150-5028335.03.51.5RCBougoudaDSR7142350541411011167100150-50NSI RCBougoudaDSR715235210141134816754150-50NSI RCBougoudaDSR716235502141151716790150-50658924.016.82.1RCBougouda incl77781.00.710.6RCBougoudaDSR717235553141154816790150-50193213.09.11.7RCBougouda 73796.04.20.9RCBougoudaDSR718235163141132116781150-50NSI RCBougoudaDSR719234712141172516778140-50NSI RCBougoudaDSR720234796141178316796145-50NSI RCBougoudaDSR7212346231411679167100140-5042475.03.59.4RCBougouda incl42442.01.419.3RCBougouda 51543.02.113.9RCBougouda incl51521.00.737.6RCBougoudaDSR7222346741411775167150140-50NSI RCBougoudaDSR723234617141152216780145-50NSI RCBougoudaDSR724234777141169916772145-50NSI RCBougoudaDSR725234773141164016784145-5070722.01.46.1RCBougoudaDSR726234857141169616772145-50NSI RCBougoudaDSR7282346181411592167162145-50NSI RCBougoudaDSR7292355311411583167150150-501031085.03.51.8RCBougoudaDSR7302353201411454167150150-5091910.07.00.7RCBougouda 1081157.04.92.3RCBougouda 1241317.04.91.0RCBougoudaDSR7312352251411409167150150-5024262.01.46.9RCBougouda incl24251.00.712.5RCBougouda 35416.04.26.8RCBougouda incl36371.00.735.7RCBougouda 47547.04.91.0RCBougoudaDSR7322354431411533167156150-50NSI RCBougoudaDSR7332347151411615167120325-50NSI RCBougoudaDSR736234790141201616760322-5135405.0 1.8RCBougouda 51521.0 6.6 DSR7372348101411987167113328-51991056.0 1.3RCBougoudaDSR738235110141224516790325-52NSI RCBougoudaDSR7392353451412424167126330-51NSI RCBougoudaDSR740235270141237416790326-51NSI RCBougoudaDSR741235192141231916784328-50NSI RCBougoudaDSR7422351461412207167126324-511051083.0 4.3RCBougoudaDSR7442349931412093167162320-52NSI RCBougoudaDSR745235215141228516766324-52NSI RCBougoudaDSR7342347791411714167120327-52NSI RCBougoudaDSR7352348321411731167126323-51NSI RCBougoudaDSDD2942354151411382167116327-517779.152.2 5.6DDBougoudaDSDD2902354501411404167128331-5264.9661.1 36.8DDBougouda Inc65.4660.6 56.4 BougoudaDSDD2912354841411458167128329-56NSI DDBougoudaDSDD2962353711411369167131326-52NSI DDBougouda Explanatory Notes: A. EOH - End of hole B. NSI: No significant intercepts C. ETW: Estimated true width D. Depths and widths reported to nearest significant decimal place E. DD: diamond drilling tail | RC: reverse circulation drilling A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/7bf0e403-d41b-42db-baa3-0702e83cbf9f Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/cf6acc2e-621e-4bdc-b7ca-445d960b9fbb https://www.globenewswire.com/NewsRoom/AttachmentNg/4bded518-db5b-4ac2-bcbe-46618e787759 https://www.globenewswire.com/NewsRoom/AttachmentNg/d12c02cf-9e7d-4726-af84-8a3f9aae6052 https://www.globenewswire.com/NewsRoom/AttachmentNg/355b3dad-801d-4742-81cc-d26606282394
VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration programs at the Diamba Sud Gold Project in Senegal. Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “Drilling at Karakara continues to improve our understanding of the prospect’s potential, returning several high-grade intercepts including a highlight intersection of 31.3 g/t Au over an estimated true width of 12.0 meters in drill hole DSDD243. The exploration team is looking forward to utilizing the improved understanding of the geological controls on gold mineralization to further advance the regional exploration programs.” Mr. Weedon concluded, “Our focus has now moved towards progressing some of the many satellite opportunities at Diamba Sud, with highly encouraging, early-stage results such as 8.9 g/t Au over an estimated true width of 27.7 meters returned from drill hole DSR680 at Western Splay, and 2.9 g/t Au over an estimated true width of 15.3 meters returned from drill hole DSDD262 at Kassasoko. These prospects represent new opportunities for additional ounces and continue to highlight the prospectivity of the wider Diamba Sud Gold Project.” Diamba Sud Gold Project, Senegal Drilling at Diamba Sud has continued with the focus moving to testing and upgrading several key high priority satellite prospects (refer to Figure 1), including Western Splay and Kassasoko, as well as further work to improve the definition and understanding of the mineralization controls at Bougouda and Karakara. An additional 20,665-meter, 159-hole program has been completed at Diamba Sud since March 2024 (refer to Fortuna news release dated March 11, 2024). Results from this program will be incorporated into the ongoing project development work, with the encouraging results from Western Splay and Kassasoko expected to contribute toward growing the project portfolio and resource base, while also improving confidence in the regional geological understanding. With the tempo of drilling planned to slow across the forthcoming rainy season, the exploration team will continue to review and fine-tune the geological controls on mineralization. Figure 1: Diamba Sud Gold Project location plan Karakara Prospect Infill and extension drilling at Karakara continued to define additional mineralization beyond the historic pit design, while also providing confirmatory data to help validate previous geological interpretations. Karakara drilling highlights include: DSDD223:4.6 g/t Au over an estimated true width of 8.2 meters from 139 metersDSDD229:7.0 g/t Au23.7 g/t Au over an estimated true width of 7.2 meters from 141 meters over an estimated true width of 1.6 meters from 157 metersDSDD238:4.3 g/t Au over an estimated true width of 10.4 meters from 120 metersDSDD243:31.3 g/t Au 87.0 g/t Au 11.1 g/t Au 1.8 g/t Au over an estimated true width of 12.0 meters from 24 meters, including over an estimated true width of 4.0 meters from 28 meters, and over an estimated true width of 1.6 meters from 34 meters over an estimated true width of 8.0 meters from 85 metersDSDD246:4.6 g/t Au over an estimated true width of 10.8 meters from 128.5 metersDSDD217:1.6 g/t Au 1.1 g/t Au 9.6 g/t Au over an estimated true width of 7.6 meters from 50.5 meters over an estimated true width of 6.3 meters from 79.6 meters over an estimated true width of 3.2 meters from 117 metersDSDD219:1.8 g/t Au over an estimated true width of 10.4 meters from 112 metersDSDD292:6.3 g/t Au over an estimated true width of 5.9 meters from 44 meters An updated interpretation supported by further drilling will take place during the third quarter of 2024 to further refine the controls on mineralization, the association with the nearby Area D and the Moungoundi to Southern Arc prospects (refer to Figure 2). Figure 2: Karakara cross-section showing select results - looking north Kassasoko Prospect Drilling at Kassasoko, located approximately 1-kilometer to the southeast of Western Splay, was successful in intersecting several broad zones of mineralization. Drilling highlights include: DSDD262:2.9 g/t Au over an estimated true width of 15.3 meters from 28.2 metersDSR685:1.3 g/t Au over an estimated true width of 16.8 meters from 108 metersDSR6862.5 g/t Au 1.1g/t Au over an estimated true width of 7.7 meters from 19 meters, and over an estimated true width of 11.9 meters from 116 meters In comparison to mineralization elsewhere at Diamba Sud, mineralization at Kassasoko is hosted within a granitic unit and in close proximity to a series of dioritic intrusives (refer to Figure 3). Exploration work is continuing. Figure 3: Kassasoko cross-section showing select results - looking northeast Western Splay drilling highlights include: DSDD232:8.6 g/t Au over an estimated true width of 11.9 meters from 132 metersDSDD275:12.8 g/t Au over an estimated true width of 8.2 meters from 114.7 metersDSR679:8.8 g/t Au 6.1 g/t Au over an estimated true width of 4.0 meters from 7 meters, and over an estimated true width of 6.9 meters from 47 metersDSR680:8.9 g/t Au over an estimated true width of 27.7 meters from 104 metersDSDD245:2.8 g/t Au 1.3 g/t Au 1.4 g/t Au over an estimated true width of 12.9 meters from 11 meters, and over an estimated true width of 5.0 meters from 30 meters, and over an estimated true width of 7.3 meters from 53 metersDSDD248:4.8 g/t Au 3.0 g/t Au 2.1 g/t Au 3.4 g/t Au over an estimated true width of 7.9 meters from 19 meters, and over an estimated true width of 4.0 meters from 31 meters, and over an estimated true width of 17.8 meters from 59 meters, and over an estimated true width of 5.9 meters from 83 metersDSDD293:6.9 g/t Au over an estimated true width of 33.3 meters from 115.4 meters Drilling continues, extending further to the south to test below an active artisanal area, with the objective of increasing the prospect footprint, as well as improving the geological interpretation of the wider southern area of Diamba Sud, particularly the relationships between the Moungoundi-Western Splay-Kassasoko-Southern Arc prospects. Figure 4: Western Splay cross-section showing select results - looking north Refer to Appendix 1 for full details of the drill holes and assay results for this drill program at the Diamba Sud Gold Project. 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 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 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 RC and DD samples were transported to ALS’s preparation laboratory in Kedougou, Senegal before also being transported 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 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, Senior Vice President of Exploration for Fortuna Mining Corp., 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 Mining Corp. Fortuna Mining Corp. 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 DirectorFortuna Mining Corp. Investor Relations: Carlos Baca | info@fmcmail.com | fortunamining.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 of the Diamba Sud Gold Project based on the early success at the Western Splay and Kassasoko prospects, statements relating to the potential to progress the satellite opportunities at the Diamba Sud Gold Project; the proposed plan to update the geological interpretation of certain prospects including the Karakara prospect in the third quarter of 2024; the Company’s objectives for the current drilling program at the Diamba Sud Gold Project and expectations regarding additional drilling and exploration programs planned 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 gold, silver, 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 appeal in respect of the ruling in favor of Compañia Minera Cuzcatlan S.A. de C.V. reinstating the environmental impact authorization at the San Jose Mine (the “EIA”) will be successful; 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, 2023. 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 Company’s mineral properties including 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 the appeal filed in the Mexican Collegiate Court challenging the reinstatement of the EIA will be unsuccessful; 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: Diamba Sud Gold Project, Senegal HoleIDEasting (WGS84_29N)Northing (WGS84_29N)Elev (m)EOH1 Depth (m)UTM AzimuthDipDepth From (m)Depth To (m)Drilled Width (m)ETW (m)Au (ppm)Hole TypeAreaDSDD2132318711428285153221270-60NSI DDKarakaraDSDD2152316981428285152152270-6064.367.83.52.86.0DDKarakara incl6767.80.80.613.1DDKarakara 97105.78.77.04.9DDKarakara incl104.8105.70.90.729.1DDKarakaraDSDD2172317481428219151157270-5550.5609.57.61.6DDKarakara 79.687.47.96.31.1DDKarakara 1171214.03.29.6DDKarakara incl1191201.00.834.9DDKarakaraDSDD2192317191428103150203340-5011212513.010.41.8DDKarakara 1691723.02.42.6DDKarakaraDSDD2222319751428419153191270-601361437.05.61.9DDKarakaraDSDD2232318221428246152203270-601191256.04.82.2DDKarakara 1311354.03.22.3DDKarakara 139149.310.38.24.6DDKarakara incl1451461.00.810.5DDKarakara and148.1149.31.21.021.8DDKarakaraDSDD2262319661428407154179270-65NSI DDKarakaraDSDD2272319161428376154179270-6087.7935.34.33.7DDKarakara incl92931.00.812.7DDKarakara 1401433.02.42.1DDKarakaraDSDD2292319101428425155191270-601411509.07.27.0DDKarakara incl1441451.00.852.0DDKarakara 1571592.01.623.7DDKarakara incl1571581.00.843.8DDKarakaraDSDD2312318881428344154201270-6048513.02.44.8DDKarakara incl49501.00.812.3DDKarakara 829311.08.81.5DDKarakaraDSDD2332318631428325153185270-6074751.00.87.9DDKarakara 1451483.02.42.0DDKarakaraDSDD2342316141428102151161340-50NSI DDKarakaraDSDD2372317931428200151222270-5055594.03.22.2DDKarakara 81854.03.22.4DDKarakara 94984.03.21.5DDKarakara 171.91742.11.76.1DDKarakara incl171.91731.10.910.2DDKarakara 1931974.03.21.4DDKarakaraDSDD2382318531428225151200270-5512013313.010.44.3DDKarakara incl1211221.00.828.7DDKarakara and1251261.00.814.5DDKarakaraDSDD240231739142826815218590-60607313.010.41.2DDKarakaraDSDD2432317491428174150161270-50243915.012.031.3DDKarakara incl28335.04.087.0DDKarakara and34362.01.611.1DDKarakara 859510.08.01.8DDKarakaraDSDD2442319171428204151233270-551001022.01.613.1DDKarakara incl1011021.00.823.4DDKarakara 1391434.03.28.0DDKarakara incl1391401.00.826.0DDKarakara 1471503.02.46.5DDKarakara incl1481491.00.813.9DDKarakara 1992034.03.21.9DDKarakaraDSDD2462318501428253152200270-6089.990.50.60.512.4DDKarakara 109.5112.53.02.41.8DDKarakara 116.21214.83.92.0DDKarakara 128.514213.510.84.6DDKarakara incl1291301.00.831.2DDKarakaraDSDD247231805142837815314990-6058613.02.42.8DDKarakara 1311321.00.85.1DDKarakaraDSR624231456142820215412090-50NSI RCKarakaraDSR625231393142819715315090-50NSI RCKarakaraDSR626231344142820215315090-50NSI RCKarakaraDSR627231428142827515615690-50NSI RCKarakaraDSR628231368142827715615490-50NSI RCKarakaraDSR629233310142826815215090-50NSI RCKarakaraDSR6302315591428117153132340-50152510.08.00.8RCKarakara 304111.08.81.2RCKarakara 455611.08.80.9RCKarakaraDSR6312315061428148151130340-50NSI RCKarakaraDSR6322315261428108151180340-50NSI RCKarakaraDSR6332315791428053150180340-50NSI RCKarakaraDSR6702315581428006149102340-50NSI RCKarakaraDSR6712320401428349157102270-50NSI RCKarakaraDSR6722321011428398159108270-50NSI RCKarakaraDSR6732321681428450162102270-50NSI RCKarakaraDSDD2922316771428179152152273-4944506.05.96.3DDKarakara Inc46471.01.020.4 58591.01.05.5 DSDD2952316601428201153104271-5045505.05.03.2DDKarakara DSDD2392316661425923145133.6150-5511132.01.43.6DDKassasokoDSDD2412317211425826116105330-50NSI DDKassasokoDSDD2422316371425919118150330-50203717.011.91.3DDKassasoko 46537.04.90.9DDKassasokoDSDD2592316861425747144131330-50NSI DDKassasokoDSDD2602315881425832144138150-502526.71.71.26.7DDKassasoko incl2626.70.70.513.9DDKassasokoDSDD261231814142578714374330-50NSI DDKassasokoDSDD262231877142588514298330-6528.25021.815.32.9DDKassasoko incl36371.00.720.8DDKassasokoDSDD263232299142612014280330-50NSI DDKassasokoDSDD2642317051425912145125150-5021232.01.412.6DDKassasoko incl21221.00.723.4DDKassasoko 88924.02.81.3DDKassasokoDSDD2652316021425855144138150-501301311.00.75.3DDKassasokoDSDD2682318411425730144153330-5584939.06.31.1DDKassasoko 1331396.04.21.2DDKassasokoDSDD2712315541425886145164150-50NSI DDKassasokoDSDD2732317121425941144134150-55NSI DDKassasokoDSR6852317821425886143144150-50405111.07.71.2RCKassasoko 63663.02.12.6RCKassasoko 10813224.016.81.3RCKassasokoDSR6862317601425904143146150-50193011.07.72.5RCKassasoko 566812.08.40.7RCKassasoko 11613317.011.91.1RCKassasokoDSR6872315681425964144150150-50273811.07.70.8RCKassasoko 60666.04.21.0RCKassasokoDSR688231874142594614494150-5570799.06.31.2RCKassasokoDSR689231892142596214490150-50NSI RCKassasokoDSR690231929142599514495150-5062631.00.78.6RCKassasokoDSR6912322441426155144114150-5040488.05.63.3RCKassasoko incl41421.00.711.0RCKassasokoDSR692232315142618814490150-50NSI RCKassasoko DSDD230231070142625014515290-5015227.06.92.0DDWestern Splay 2733.56.56.43.2DDWestern Splay incl3333.50.50.511.5DDWestern Splay 56.8647.27.13.7DDWestern Splay incl56.857.50.70.717.2DDWestern SplayDSDD232231130142627714515290-5031310.09.90.9DDWestern Splay 66.5681.51.56.7DDWestern Splay 13214412.011.98.6DDWestern Splay incl132134.42.42.425.1DDWestern Splay and1381391.01.015.1DDWestern Splay and143143.50.50.514.0DDWestern SplayDSDD23523123114263251478190-5012197.06.91.9DDWestern Splay 23318.07.91.8DDWestern Splay 3540.45.45.33.8DDWestern Splay incl3939.80.80.813.1DDWestern Splay 60633.03.02.5DDWestern SplayDSDD2362312291426136140178310-55NSI DDWestern SplayDSDD245231097142626614521590-50112413.012.92.8DDWestern Splay incl19201.01.012.5DDWestern Splay 30355.05.01.3DDWestern Splay 5360.47.47.31.4DDWestern Splay 67.5757.57.40.7DDWestern Splay 164.7167.52.82.83.4DDWestern Splay 197.72035.35.21.3DDWestern SplayDSDD248231035142627614614390-5019278.07.94.8DDWestern Splay incl19201.01.014.9DDWestern Splay 31354.04.03.0DDWestern Splay 597718.017.82.1DDWestern Splay 83896.05.93.4DDWestern SplayDSDD249231109142634314715290-60223210.09.90.8DDWestern SplayDSDD250231062142632714622790-5039445.05.01.8DDWestern Splay 92931.01.05.9DDWestern Splay 1931952.02.02.9DDWestern SplayDSDD251231085142630014520490-50154168.214.214.13.1DDWestern Splay 1551561.01.011.5DDWestern Splay 171.31797.87.71.2DDWestern SplayDSDD252231115142632814623390-50169178.29.29.12.5DDWestern Splay incl1701711.01.014.7DDWestern SplayDSDD253231031142629314621590-50484.04.04.4DDWestern Splay incl561.01.012.5DDWestern Splay 45.549.84.34.31.3DDWestern Splay 68768.07.92.5DDWestern Splay 1821831.01.013.2DDWestern Splay 1982068.07.91.2DDWestern SplayDSDD254230882142640014716790-6083918.07.91.7DDWestern Splay 1001022.02.05.4DDWestern Splay 1121208.07.92.4DDWestern Splay 1251327.06.91.4DDWestern SplayDSDD25523112214263821488190-55NSI DDWestern SplayDSDD25623117914264071495990-55NSI DDWestern SplayDSDD25723112914264071489390-5541465.05.01.5DDWestern SplayDSDD258231237142635114812890-50NSI DDWestern SplayDSDD274231255142629514612290-50NSI DDWestern SplayDSDD275231186142628014614090-50114.71238.38.212.8DDWestern Splay incl1161193.03.032.5DDWestern SplayDSDD2772312021426184146120310-506070.210.27.12.9DDWestern Splay incl6969.70.70.717.1DDWestern SplayDSDD2792311871426174146188310-50NSI DDWestern SplayDSDD2822311631426140146117310-5065.2726.84.82.1DDWestern SplayDSDD2842312201426180146116310-55NSI DDWestern SplayDSDD2852311881426118146135310-50NSI DDWestern SplayDSR6742313481426181146102330-50NSI RCWestern SplayDSR6752313941426186147126330-50NSI RCWestern SplayDSR67623116814264511507890-50NSI RCWestern SplayDSR677231127142644814912690-50NSI RCWestern SplayDSR678231214142634514813290-6039478.07.93.2RCWestern SplayDSR679231261142632614713290-507114.04.08.8RCWestern Splay incl9101.01.025.6RCWestern Splay 20244.04.04.5RCWestern Splay incl21221.01.015.5RCWestern Splay 47547.06.96.1RCWestern Splay incl47481.01.025.2RCWestern Splay 586911.010.90.7RCWestern SplayDSR680231217142630014613890-5010413228.027.78.9RCWestern Splay incl1051061.01.013.7RCWestern Splay and1101144.04.028.6RCWestern Splay and1191201.01.011.3RCWestern SplayDSR681231063142621414515690-50NSI RCWestern SplayDSR682231129142630214618690-503118.07.91.2RCWestern SplayDSR683230980142626914615690-501081124.04.02.4RCWestern Splay 1291356.05.93.2RCWestern SplayDSR684230996142629514613990-5051598.07.91.9RCWestern SplayDSDD2872312461426227146179311-481481568.07.92.1DDWestern Splay Inc151.21520.8 10.3 DSDD2892312631426278146173309-50 NSIDDWestern Splay DSDD293231186142630414618090-49115.414933.633.36.9DDWestern Splay Inc127.11313.93.932.4 131.6132.30.70.613.6 1331341.01.011.1 1471481.01.010.1 DSDD266234590141195616768150-50231.00.79.9DDBougoudaDSDD2672345651411999167119150-50NSI DDBougoudaDSDD269234669141201416773150-5041.4464.73.33.2DDBougoudaDSDD2702346451412052167128150-501101177.04.93.5DDBougouda incl1111121.00.712.3DDBougoudaDSDD2722348491412030167139325-5071765.03.52.7DDBougoudaDSDD2782348731412074167104325-50NSI DDBougoudaDSDD2802348961412043167149325-50931018.05.63.3DDBougouda incl991001.00.712.8DDBougoudaDSDD2812350441412181167122325-50NSI DDBougoudaDSDD2832350681412150167153325-50NSI DDBougoudaDSDD2862353721411456167116150-50NSI DDBougoudaDSDD2882354881411556167152150-5074.275.81.61.210.5DDBougouda incl7575.80.80.620.3DDBougouda 10011313.09.11.8DDBougoudaDSR693235294141139316784150-50NSI RCBougoudaDSR694235334141141616784150-50748410.07.02.2RCBougoudaDSR695235460141149416775150-50NSI RCBougoudaDSR696235418141147616775150-5053563.02.13.8RCBougoudaDSR697235244141137316775150-50NSI RCBougoudaDSR698234576141165416792145-50NSI RCBougoudaDSR699234661141170616778145-5060622.01.411.2RCBougouda incl61621.00.715.6RCBougoudaDSR700234750141176116782140-5039401.00.75.5RCBougoudaDSR701234645141154816792140-50NSI RCBougoudaDSR702234732141159716780140-50NSI RCBougoudaDSR703234822141168316772140-50NSI RCBougoudaDSR7042346341411729167144145-50NSI RCBougoudaDSR705234973141095516772150-50NSI RCBougoudaDSR706234929141093516780150-50NSI RCBougoudaDSR707234749141087716796150-5065661.00.716.1RCBougouda 74762.01.431.3RCBougoudaDSR708234662141092716778200-50NSI RCBougoudaDSR709234609141093616796200-50NSI RCBougoudaDSR7102347311410877167156200-501491567.04.92.7RCBougoudaDSR7112347351410913167150150-5010111211.07.73.5RCBougouda incl1101111.00.724.9RCBougoudaDSR712234836141088716784150-5047503.02.12.8RCBougoudaDSR713234880141090416784150-5028335.03.51.5RCBougoudaDSR7142350541411011167100150-50NSI RCBougoudaDSR715235210141134816754150-50NSI RCBougoudaDSR716235502141151716790150-50658924.016.82.1RCBougouda incl77781.00.710.6RCBougoudaDSR717235553141154816790150-50193213.09.11.7RCBougouda 73796.04.20.9RCBougoudaDSR718235163141132116781150-50NSI RCBougoudaDSR719234712141172516778140-50NSI RCBougoudaDSR720234796141178316796145-50NSI RCBougoudaDSR7212346231411679167100140-5042475.03.59.4RCBougouda incl42442.01.419.3RCBougouda 51543.02.113.9RCBougouda incl51521.00.737.6RCBougoudaDSR7222346741411775167150140-50NSI RCBougoudaDSR723234617141152216780145-50NSI RCBougoudaDSR724234777141169916772145-50NSI RCBougoudaDSR725234773141164016784145-5070722.01.46.1RCBougoudaDSR726234857141169616772145-50NSI RCBougoudaDSR7282346181411592167162145-50NSI RCBougoudaDSR7292355311411583167150150-501031085.03.51.8RCBougoudaDSR7302353201411454167150150-5091910.07.00.7RCBougouda 1081157.04.92.3RCBougouda 1241317.04.91.0RCBougoudaDSR7312352251411409167150150-5024262.01.46.9RCBougouda incl24251.00.712.5RCBougouda 35416.04.26.8RCBougouda incl36371.00.735.7RCBougouda 47547.04.91.0RCBougoudaDSR7322354431411533167156150-50NSI RCBougoudaDSR7332347151411615167120325-50NSI RCBougoudaDSR736234790141201616760322-5135405.0 1.8RCBougouda 51521.0 6.6 DSR7372348101411987167113328-51991056.0 1.3RCBougoudaDSR738235110141224516790325-52NSI RCBougoudaDSR7392353451412424167126330-51NSI RCBougoudaDSR740235270141237416790326-51NSI RCBougoudaDSR741235192141231916784328-50NSI RCBougoudaDSR7422351461412207167126324-511051083.0 4.3RCBougoudaDSR7442349931412093167162320-52NSI RCBougoudaDSR745235215141228516766324-52NSI RCBougoudaDSR7342347791411714167120327-52NSI RCBougoudaDSR7352348321411731167126323-51NSI RCBougoudaDSDD2942354151411382167116327-517779.152.2 5.6DDBougoudaDSDD2902354501411404167128331-5264.9661.1 36.8DDBougouda Inc65.4660.6 56.4 BougoudaDSDD2912354841411458167128329-56NSI DDBougoudaDSDD2962353711411369167131326-52NSI DDBougouda Explanatory Notes: A. EOH - End of hole B. NSI: No significant intercepts C. ETW: Estimated true width D. Depths and widths reported to nearest significant decimal place E. DD: diamond drilling tail | RC: reverse circulation drilling A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/7bf0e403-d41b-42db-baa3-0702e83cbf9f Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/cf6acc2e-621e-4bdc-b7ca-445d960b9fbb https://www.globenewswire.com/NewsRoom/AttachmentNg/4bded518-db5b-4ac2-bcbe-46618e787759 https://www.globenewswire.com/NewsRoom/AttachmentNg/d12c02cf-9e7d-4726-af84-8a3f9aae6052 https://www.globenewswire.com/NewsRoom/AttachmentNg/355b3dad-801d-4742-81cc-d26606282394