The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
FVI: Caylloma Drilling Highlights Exploration Upside
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(08/30/2010)
"Fortuna Silver Mines announced results from initial drilling in the Don Luis II vein at the Caylloma Mine, located ~225 km. NW of Arequipa in Southern Peru. FVI has drilled 12 wide-spaced holes over a strike length of 2.3 km. and to a depth of 200m in the Don Luis II vein. Significant results include 816 g/t silver over true width of 2m, 639 g/t silver over true width of 3.4m and 621 g/t silver over true width of 1m. Mineralization remains open laterally and at depth. The Caylloma district contains more than 30 known veins over 10,200 ha. Historically, six veins have been exploited with current mining operations focused on the Animas, Bateas and Soledad veins. Contingent upon further infill drilling, results from the Don Luis II vein highlight the potential to identify new high-grade production areas over time. Based on current reserves and resources, BMO models a ~10-year mine life. During H110, the Caylloma mine produced ~950 Koz. silver. FVI trades at 1.0x the 10% nominal NPV at spot metal prices vs. junior producer peers within the BMO Research silver universe that trade at 1.1x." |
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