Fortuna Mining Reports High-Grade Gold Hits at Diamba Sud, Launches $8M Drill Program
Fortuna Mining Corp. (TSX:FVI) reported high-grade gold drill results from its Diamba Sud project and started an $8 million exploration program at the nearby Bambadji property. Recent drilling at Diamba Sud returned 7.8 grams per tonne of gold over 12.8 meters and 3.9 grams per tonne over an estimated true width of 40.8 meters. Following the announcement, shares of Fortuna Mining Corp. gained 3.11% to trade at 15.57 CAD.
The high-grade intersections suggest potential mineral expansion beyond the current mine plan at Diamba Sud, which presently holds proven and probable reserves of 1.15 million ounces of gold at 1.75 grams per tonne. At Bambadji, the company has deployed six drill rigs at the Kabewest target to execute 51,000 meters of drilling during its 2026 program.
Looking ahead, Fortuna Mining Corp. plans to deliver an updated mineral reserve and resource estimate for Diamba Sud by the end of the year. The company also expects to complete an initial resource estimate for the Kabewest deposit in the first quarter of 2027.
Key points
- Fortuna Mining Corp. intersected 7.8 g/t gold over 12.8 meters and 3.9 g/t gold over an estimated true width of 40.8 meters at Diamba Sud.
- The company launched an $8 million, 51,000-meter drilling program at Bambadji's Kabewest deposit with six active rigs.
- Diamba Sud currently holds proven and probable reserves of 1.15 million ounces of gold at an average grade of 1.75 g/t.
- An updated reserve and resource estimate for Diamba Sud is planned for year-end.
- An initial resource estimate for the Kabewest target is anticipated in the first quarter of 2027.
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How we writeDisclaimerQuestions and answers
What were Fortuna Mining's latest drill results at Diamba Sud?
Fortuna Mining intersected high-grade gold at Diamba Sud, including 7.8 g/t gold over 12.8 meters and 3.9 g/t gold over an estimated true width of 40.8 meters.
What is Fortuna Mining's drilling plan for Bambadji?
Fortuna initiated an $8 million, 51,000-meter drilling program at Bambadji's Kabewest deposit using six rigs, aiming for an initial resource estimate in Q1 2027.
When will Fortuna Mining update its Diamba Sud resource estimate?
Fortuna Mining plans to issue an updated mineral reserve and resource estimate for the Diamba Sud project by year-end.