Fortuna Silver Boosts Silver Reserves 26% and Inferred Resources 67%

Fortuna Silver Mines (NYSE:FSM,TSX:FVI,FWB:F4S.F) has announced its latest mineral reserve and mineral resource update for its San Jose Mine. The mine is located in Oaxaca, Mexico.

As quoted in the press release, highlights from results included:

• Proven and Probable Reserves total 4.3 Mt containing an estimated 31.2 Moz silver and 243 koz gold, reflecting year-over-year increases of 26 percent in contained silver ounces and 13 percent in contained gold ounces relative to the July 4, 2013 reserve and resource estimate (see Fortuna news release dated October 17, 2013)
• Inferred Resources total 7.1 Mt containing an estimated 58.9 Moz silver and 401 koz gold, reflecting increases of 67 percent in contained silver ounces and 47 percent in contained gold ounces relative to the July 4, 2013 reserve and resource estimate
• Mineral Reserves include a maiden Probable Reserve of 0.4 Mt at an average grade of 365 g/t for silver and 2.39 g/t for gold in the Trinidad North discovery area

Click here to read the Fortuna Silver Mines (NYSE:FSM,TSX:FVI,FWB:F4S.F) press release