VANCOUVER, June 19, 2013 /CNW/ - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt:
F4S.F) is pleased to announce that the company has made the final US$6.0
million option payment to purchase the remaining 45% interest in the
Taviche Oeste Concession. Fortuna now holds a 100% undivided interest
in the Taviche Oeste concession which contains the Trinidad North
discovery. The company will continue to advance exploration efforts on
the high-grade silver-gold Trinidad North discovery which remains open
to the north and to depth.
Commenting on the acquisition, Jorge A. Ganoza, President and CEO, said,
"Given the exciting exploration success at Trinidad North, the company
believes it is prudent to control 100% interest as we work to put this
new high-grade silver-gold mineralized area into production by early
2015." Mr. Ganoza continued, "We expect to announce an initial
resource estimation for Trinidad North during the fourth quarter of
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 A. Ganoza
President, CEO and Director
Fortuna Silver Mines Inc.
Trading symbols: NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F
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
SOURCE: Fortuna Silver Mines Inc.
For further information:
Management Head Office: Carlos Baca- Telephone (Lima): +51.1.616.6060, ext. 0
Corporate Office: Holly Hendershot- Telephone (Toronto): +1.647.725.0813
Media contact for North America: