Fortuna Mining reports deeper gold at Lindero
- Fortuna Mining reported gold mineralization extending beneath the current Lindero reserve pit design in Argentina, including 350 meters grading 0.96 grams per tonne in drill hole LDH-272.
- The drilling campaign completed 31 holes totaling 8,534 meters, identifying additional mineralization below the planned pit boundary.
- Fortuna expects to update its geological block model and pit design by the end of 2026, followed by revised Mineral Resource and Mineral Reserve estimates in Q1 2027.
Fortuna Mining (NYSE:FSM) reported gold mineralization below Lindero's current reserve pit design, including a 350-meter intersection averaging 0.96 grams per tonne.
The drilling results indicate potential resource growth beneath the existing mine plan, although the additional mineralization has not been classified as reserves.
Drill hole LDH-272 intersected 98 meters grading 0.91 grams per tonne below the pit design, while LDH-259 returned 94 meters grading 0.66 grams per tonne.
The completed exploration program comprised 31 drill holes totaling 8,534 meters, with mineralization remaining open at depth beneath the existing pit.
Fortuna plans an updated geological block model and pit design by year-end, followed by revised resource and reserve estimates in the first quarter of 2027.
Lindero produced 26,024 ounces of gold in the third quarter of 2026, a 25% increase from the preceding quarter.
Located in Argentina's Salta Province, Lindero is an operating open-pit gold mine where Fortuna has been investigating mineralization beneath the reserve boundary.
