VANCOUVER,
Oct. 17, 2013 /PRNewswire/ -
Fortuna Silver Mines Inc. (NYSE: FSM) | (TSX:FVI) | (BVL: FVI) |
(Frankfurt: F4S.F) announces that its October 17, 2013 news release entitled
"Fortuna Silver increases San
Jose silver reserves by 22% and silver inferred resources by
39%" (the "Release") contains typographical errors in the table
providing the detail of Measured and Indicated Mineral Resource
estimates for the San Jose Mine located in Oaxaca, Mexico. Accordingly, the table headed
"Mineral Resources - Measured and Indicated" in the Release is
retracted and the following substituted in its place:
|
|
|
|
|
|
|
Mineral Resources - Measured and
Indicated |
Contained Metal |
Property |
Classification |
Tonnes (000) |
Ag (g/t) |
Au (g/t) |
Ag (Moz) |
Au (koz) |
San Jose, Mx |
Measured |
44 |
67 |
0.55 |
0.1 |
0.8 |
|
Indicated |
844 |
74 |
0.64 |
2.0 |
17.4 |
|
Measured + Indicated |
888 |
73 |
0.64 |
2.1 |
18.2 |
The combined totals for tonnage, grades and
contained ounces for the Measured and Indicated Mineral Resources
remain unchanged.
Qualified Persons
The Mineral Resource estimates have been
prepared under the supervision of E. Chapman of Fortuna Silver
Mines Inc. The Mineral Reserve estimate and the tabulation of the
Mineral Resource estimate exclusive of Mineral Reserves were
prepared under the supervision of T. Kelly, a director of Fortuna
Silver Mines Inc.
E. Chapman and T. Kelly are Qualified Persons as
defined by the National Instrument 43-101. Thomas Vehrs, Vice President of Exploration, is
the Qualified Person for Fortuna Silver Mines Inc. as defined by
the National Instrument 43-101. Dr. Vehrs is a Founding Registered
Member of the Society for Mining, Metallurgy, and Exploration, Inc.
(SME Registered Member Number 3323430RM) and is responsible for ensuring that
the information contained in this news release is an accurate
summary of the original reports and data provided to or developed
by Fortuna Silver Mines.
Fortuna Silver Mines Inc.
Fortuna is a growth oriented, silver and base
metal producer focused on mining opportunities in Latin America. Our primary assets are the
Caylloma silver Mine in southern Peru and the San
Jose silver-gold Mine in Mexico. The Company is selectively pursuing
additional acquisition opportunities. For more information, please
visit our website at www.fortunasilver.com.
ON BEHALF OF THE BOARD
Jorge Ganoza
President, CEO and Director
Fortuna Silver Mines Inc.
Trading symbols: NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F
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. Forward-looking statements are statements that are
not historical facts and that are subject to a variety of risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking
statements. When used in this document, the words such as
"anticipates", "believes", "plans", "estimates", "expects",
"forecasts", "targets", "intends", "advance", "projects",
"calculates" and similar expressions are forward-looking
statements.
The forward-looking statements are based on
an assumed set of economic conditions and courses of actions,
including estimates of future production levels, expectations
regarding mine production costs, expected trends in mineral prices
and statements that describe Fortuna's future plans, objectives or
goals. There is a significant risk that actual results will vary,
perhaps materially, from results projected depending on such
factors as changes in general economic conditions and financial
markets, changes in prices for silver and other metals,
technological and operational hazards in Fortuna's mining and
mine development activities, risks inherent in mineral
exploration, uncertainties inherent in the estimation of mineral
reserves, mineral resources, and metal recoveries, the timing and
availability of financing, governmental and other approvals,
political unrest or instability in countries where Fortuna is
active, labor relations and other risk factors.
Although Fortuna has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
information, there may be other factors that cause results to be
materially different from those anticipated, described, estimated,
assessed or intended. There can be no assurance that any
forward-looking statements or information will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements or information. Accordingly,
readers should not place undue reliance on forward-looking
statements or information.
SOURCE Fortuna Silver Mines Inc.