Fortuna reports updated Mineral Reserves and Mineral Resources
Retrieved on:
Thursday, February 15, 2024
News, Vein, Lead, San José Mine, Sterilization, Mineral, Silver, Caylloma, Register, Zinc, Transport, Resource, CapeNature, Disclosure, Mexican peso, Anomaly, Gold, National Instrument 43-101, Engineer, Sunbird, Metallurgy, Chesser, National instrument, Reserve, Confederation, Mineral Resources Limited, Uranium mining
Mineral Resources were reported within a $1,800/oz gold price pit shell and at a cut-off grade of 0.5 g/t Au.
Key Points:
- Mineral Resources were reported within a $1,800/oz gold price pit shell and at a cut-off grade of 0.5 g/t Au.
- NI 43-101, defined below, reporting requirements do not allow for "Inferred Mineral Resources" to be added to other Mineral Resource categories and must be reported separately.
- A qualified person has not done sufficient work to classify the historical estimates as current Mineral Resources or current Mineral Reserves and Fortuna is not treating the historical estimate as current Mineral Resources.
- As of December 31, 2023, the Yaramoko Mine has Proven and Probable Mineral Reserves of 0.9 Mt containing 219 koz Au, in addition to Measured and Indicated Resources, exclusive of Mineral Reserves, of 0.5 Mt containing 43 koz Au, and Inferred Resources of 0.16 Mt containing 18 koz Au.