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    Fortuna Silver Updates on Construction and Exploration at San Jose Mine

    Charlotte McLeod
    Dec. 16, 2015 11:06AM PST
    Silver Investing

    Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) released an update on construction activities and brownfields exploration at its Mexico-based San Jose mine.

    Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) released an update on construction activities and brownfields exploration at its Mexico-based San Jose mine.
    Construction highlights include:

    Dry stack tailings deposit and filter facility project
    Construction of the dry stack tailings deposit and the tailings filter facility have progressed according to schedule in spite of an earlier delay in the delivery of the filters from the supplier. The project is in the final stages of dry commissioning and tailings should be run through the system by the end of the month. The project is 8 percent below the approved budget of $29.2 million.
    The first stage of the dry stack deposit has been built to provide storage capacity until year-end 2016. The deposit will be expanded next year to provide storage capacity through April 2017 at an estimated CAPEX of $3.5 million and will continue to be expanded as required throughout the life of mine.
    Processing plant and filter facility expansion to 3,000 tpd
    Construction activities on the expansion of the processing plant to 3,000 tpd are advancing according to schedule with a 52 percent progress as of December. Delivery of key equipment is on-going with the new 15.0 ft x 21.5 ft ball mill expected to arrive on site in January 2016.
    The tailings filter facility has been built for 2,000 tpd and will be expanded to 3,000 tpd with the addition of a third filter which is already on site. The third filter will be assembled and commissioned by the second quarter 2016.
    Commissioning of the expansion project to 3,000 tpd is planned for mid-2016 at an approved budget of $32.6 million, including the filter plant expansion.

    Click here to read the full Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) press release.

    tsx-fvinyse-fsmsecond-quarter-2016
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    ASCENDANT RESOURCES ANNOUNCES POST-TAX NPV8 OF US$147 MILLION AND 39% IRR FROM INITIAL FEASIBILITY STUDY AT ITS LAGOA SALGADA PROJECT IN PORTUGAL

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