Fortuna Mining reported that its 2026 infill drilling at the Lindero Mine in Argentina shows gold mineralization extending well below the current pit design. Across 31 diamond drill holes totalling 8,534 meters, hole LDH-272 intersected 0.96 g/t Au over 350 meters from surface, including 98 meters averaging 0.91 g/t below the pit, while LDH-259 returned 0.85 g/t Au over 236 meters. The company is updating its block model and pit design, targeted for year-end, to support a revised life-of-mine plan and Mineral Reserve estimate. An updated Mineral Resource and Reserve estimate is planned for release in the first quarter of 2027, and the zone remains open at depth.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/19/2026 | 4,140.75 |
| Change that session | -0.60% |
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- Fortuna intersects 0 . 96 g / t gold over 350 meters at the Lindero Mine , Argentina
Fortuna Mining (NYSE: FSM | TSX: FVI) reports infill drilling results at its Lindero Mine in Argentina, aimed at testing mineralization that remains open at depth and upgrading Inferred Mineral Resources below the current life-of-mine pit design. The 2026 program comprised 31 diamond drill holes totalling 8,534 meters, extended from a planned 6,000 meters after early holes succeeded. Hole LDH-272 intersected 0.96 g/t Au over 350 meters from surface, including 98 meters averaging 0.91 g/t below the pit design, while LDH-259 returned 0.85 g/t Au over 236 meters, including 94 meters averaging 0.66 g/t below the pit. The company is updating its block model and pit design by year-end, with an updated Mineral Resource and Reserve estimate planned for release in the first quarter of 2027. Management said the zone remains open at depth.
- Fortuna intersects 0.96 g/t gold over 350 meters at the Lindero Mine, Argentina | Company Announcement
Fortuna Mining (NYSE: FSM | TSX: FVI) reports infill drilling at its Lindero Mine in Argentina, designed to test open gold mineralization at depth and upgrade Inferred Mineral Resources below the current life-of-mine pit design. The results confirm gold mineralization extends significantly below the reserve pit. The 2026 program comprised 31 diamond drill holes totalling 8,534 meters, extended from a planned 6,000 meters after early success. Hole LDH-272 intersected 0.96 g/t Au over 350 meters from surface, including 98 meters averaging 0.91 g/t Au below the pit design, while LDH-259 returned 0.85 g/t Au over 236 meters. An updated block model, pit design, and Mineral Resource and Reserve estimate are targeted for year-end 2026, with release planned in the first quarter of 2027, and the zone remains open at depth.
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