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FORTUNA SILVER MINES INC. | 2014 ANNUAL REPORT
Mineral Reserves San J e
increased by 24% in contained
lver and by 12% in contained
gold of December 31, 2014.
Trinidad North yields robust mineralization
Favorable drilling results from the Trinidad North
Zone, a significant increase in Inferred resources and
the open exploration potential to the north and to
depth bode well for the future of the San Jose Mine
Highlights
• Inferred resources increase by 68% in contained
silver and 48% in contained gold
• Trinidad North remains open for expansion in
three directions
• Estimated true widths of up to 18.8 meters, with
silver equivalent values ranging to 4.4 kg/t
As of December 31, 2014, Mineral Reserves at San
Jose increased by 24% in contained silver and by
12% in contained gold. Inferred resources also
improved, increasing by 68% in contained silver and
48% in contained gold, primarily due to the
expansion of Trinidad North Zone.
Step-out drilling of Trinidad North continues at
approximate 100 meter centers from underground
drill stations. As in the main Trinidad deposit, silver
and gold mineralization is hosted in hydrothermal
boiling breccias, crackle breccias and stockwork-like
vein systems controlled by the Bonanza and Trinidad
structures. The mineralized system pinches and
swells along strike reflecting the primary structural
controls of the epithermal system.
Drill results in 2014 confirm that the Bonanza and
Trinidad veins, as well as the structurally and
spatially related Trinidad North Stockwork Zone, all
remain open to the north and to depth along the
strike and plunge of the ore shoots.
Brownfields exploration
Our $3.5 million brownfields exploration budget for
2015 includes 12,000 meters of drilling, surface
mapping and sampling in areas west of the Trinidad
vein system. The program is focused on three
initiatives:
• Evaluation of and target generation on multiple
prospects within the property package, including
Veta Maria, La Noria, San Jose West, San Dionisio
Ocotlan, Los Ocotes and El Portillo
• Underground exploration drilling of a 300 meter
extension north of the Trinidad North zone outside
the shell of existing inferred resources
• Drill testing from the surface of the northern strike
projection of the vein system beyond Trinidad
North, subject to community agreements
