Boot
17th June 2009, 12:22
Dual listed FVI.V, FVITF.PK
s/o 92.15 M
PPS .82 17 June 09
Comapny Basics: 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. Caylloma was ramped up from 500 tpd to over 1,000 tpd by July of 2008 and management is fast tracking the Trinidad Zone into a mine at the San Jose Project. At Fortuna, we are aggressively pursuing additional accretive acquisition opportunities.
They have two Key properties:
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. A 33,000 meter in-fill drill program has just been completed in the Trinidad Area of the San Jose Project and the Company expects to release a new 43 -- 101 compliant resource estimation by the end of second quarter of 2009. Currently, Indicated Resources are 17.7 M ounces of silver equivalent with 262 g/t Ag + 2.2 g/t Au and Inferred Resources are 49.1 M ounces of silver equivalent with 260 g/t Ag + 2.6 g/t Au. Management expects to bring a construction decision to the Board of Directors by the end of third 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.
Quick Report:
http://www.fortunasilver.com/s/QwikReport.asp
Recents NRs: http://www.fortunasilver.com/s/NewsReleases.asp?ReportID=349895&_Type=News-Releases&_Title=Fortuna-Provides-San-Jose-Project-Update
Quarterly Report: http://www.fortunasilver.com/i/pdf/FinReview0903.pdf
Debt: 600K
s/o 92.15 M
PPS .82 17 June 09
Comapny Basics: 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. Caylloma was ramped up from 500 tpd to over 1,000 tpd by July of 2008 and management is fast tracking the Trinidad Zone into a mine at the San Jose Project. At Fortuna, we are aggressively pursuing additional accretive acquisition opportunities.
They have two Key properties:
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. A 33,000 meter in-fill drill program has just been completed in the Trinidad Area of the San Jose Project and the Company expects to release a new 43 -- 101 compliant resource estimation by the end of second quarter of 2009. Currently, Indicated Resources are 17.7 M ounces of silver equivalent with 262 g/t Ag + 2.2 g/t Au and Inferred Resources are 49.1 M ounces of silver equivalent with 260 g/t Ag + 2.6 g/t Au. Management expects to bring a construction decision to the Board of Directors by the end of third 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.
Quick Report:
http://www.fortunasilver.com/s/QwikReport.asp
Recents NRs: http://www.fortunasilver.com/s/NewsReleases.asp?ReportID=349895&_Type=News-Releases&_Title=Fortuna-Provides-San-Jose-Project-Update
Quarterly Report: http://www.fortunasilver.com/i/pdf/FinReview0903.pdf
Debt: 600K