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Fortuna extends Kingfisher deposit with drill intersect of 4.1 g/t Au over 15.3 meters at the Seguela Mine, Cote d'Ivoire

(GLOBE NEWSWIRE via COMTEX) --
VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration program at the Seguela Mine in Cote d'Ivoire.

Paul Weedon, Senior Vice President, Exploration, commented, "The prospectivity of Kingfisher is underscored by the recent intersections of 15.3 meters averaging 4.1 g/t Au and 17 meters averaging 3.3 g/t Au; approximately 150 meters further along strike of the recently reported maiden Inferred Resource of 294,000 ounces averaging 2.3 g/t Au1." Mr. Weedon added, "At the Sunbird deposit, mineralization has been successfully drill defined approximately 650 meters further along strike from the limits of the existing underground resource and remains open."

Drilling highlights include:

Kingfisher deposit

SGRD2133:            3.7 g/t Au           over an estimated true width of 2.6 meters from 167 meters, and
                     3.3 g/t Au           over an estimated true width of 17.0 meters from 175 meters, including
                     26.9 g/t Au          over an estimated true width of 0.9 meters from 186 meters, and
                     3.6 g/t Au           over an estimated true width of 4.3 meters from 202 meters, including
                     11.8 g/t Au          over an estimated true width of 0.9 meters from 202 meters
SGRD2136:            4.1 g/t Au           over an estimated true width of 15.3 meters from 127 meters, including
                     18.9 g/t Au          over an estimated true width of 0.9 meters from 131 meters, and
                     19.7 g/t Au          over an estimated true width of 0.9 meters from 138 meters
SGRD2124:            3.3 g/t Au           over an estimated true width of 13.6 meters from 229 meters, including
                     31.6 g/t Au          over an estimated true width of 0.9 meters from 244 meters
     

Sunbird deposit

SGRD2091:            7.2 g/t Au           over an estimated true width of 13.3 meters from 409 meters, including
                     21.4 g/t Au          over an estimated true width of 0.7 meters from 410 meters and
                     13.4 g/t Au          over an estimated true width of 2.1 meters from 418 meters
SGRD2092:            4.0 g/t Au           over an estimated true width of 17.5 meters from 314 meters, including
                     18.1 g/t Au          over an estimated true width of 1.4 meters from 316 meters, and
                     10.3 g/t Au          over an estimated true width of 0.7 meters from 335 meters, and
                     11.0 g/t Au          over an estimated true width of 0.7 meters from 337 meters
SGRD2099:            20.4 g/t Au          over an estimated true width of 19.6 meters from 397 meters, including
                     390.8 g/t Au         over an estimated true width of 0.7 meters from 402 meters, and
                     156.8 g/t Au         over an estimated true width of 0.7 meters from 422 meters, and
                     18.0 g/t Au          over an estimated true width of 2.8 meters from 431 meters
     

Note:

1. Refer to Fortuna news release dated December 10, 2024: "Fortuna updates Mineral Reserves and Mineral Resources for the Seguela Mine, Cote d'Ivoire"

Kingfisher deposit

A further 58 holes totaling 11,103 meters were completed at the Kingfisher deposit since early September 2024 (refer to Figure 1), of which 16 holes totaling 3,286 meters were drilled subsequent to the maiden Inferred Resource data cut-off date (refer to Fortuna news release dated December 10, 2024). Kingfisher remains open at depth for most of the drilled 2-kilometer strike, with the deepest drilling only testing to approximately 250 meters below surface (refer to Figure 2).

Mineralization at Kingfisher demonstrates a clear association with the strongly deformed contact zone between a series of felsic intrusives, quartz veining, and host basaltic units. The change in strike orientation along the structure from north-south to north-east coincides with the higher grade, broader mineralization intervals. Mineralization is characterized by silica-biotite-sericite-carbonate alteration and pyrite development within and adjacent to the quartz veining.

Two drill rigs will continue working into the second quarter of 2025 to support resource infill drilling for resource conversion as well as drilling for depth and strike extensions.

Figure 1: Seguela Mine deposit locations

Figure 2: Kingfisher deposit long-section - looking west

Sunbird deposit

At Sunbird, results from a further 24 holes, totaling 9,065 meters of a planned 12,000-meter drilling program have been received, with several high grades returned including 20.4 g/t Au over an estimated true width of 19.6 meters from 397 meters in drill hole SGRD2099 (refer to Figure 3).

The program is designed to infill and extend the current mineralized footprint as part of a program to evaluate underground mining potential, with mineralization remaining open more than 600 meters below surface, or more than 800 meters down plunge from the margin of the planned open pit. The most recent drill hole, which stepped out 150 meters to the south of the reported drilling and for which assays are pending, reported more than 15 points of visible gold (VG) associated with extensive alteration and quartz veining over an interval of 28 meters.

Drilling will continue into the first half of 2025 to support an updated resource model and underground mining studies.

Figure 3: Sunbird deposit long section - looking west

Refer to Appendix 1 for full details of the drill holes and assay results for this drill program at the Seguela Mine.

Quality Assurance & Quality Control (QA - QC)

All drilling data completed by the Company utilized the following procedures and methodologies. All drilling was carried out under the supervision of the Company's personnel.

All reverse circulation (RC) drilling used a 5.25-inch face sampling pneumatic hammer with samples collected into 60-liter plastic bags. Samples were kept dry by maintaining enough air pressure to exclude groundwater inflow. If water ingress exceeded the air pressure, RC drilling was stopped, and drilling converted to diamond core tails. Once collected, RC samples were riffle split through a three-tier splitter to yield a 12.5 percent representative sample for submission to the analytical laboratory. The residual 87.5 percent samples were stored at the drill site until assay results were received and validated. Coarse reject samples for all mineralized samples corresponding to significant intervals are retained and stored on-site at the Company-controlled core yard.

All diamond drilling (DD) drill holes started with HQ sized diameter, before reducing to NQ diameter diamond drill bits on intersecting fresh rock. The core was logged, marked up for sampling using standard lengths of one meter or to a geological boundary. Samples were then cut into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the Company core yard at the project site. The other half was sampled, catalogued, and placed into sealed bags and securely stored at the site until shipment.

All RC and DD samples were transported to ALS's preparation laboratory in Yamoussoukro, Cote d'Ivoire, before also being transported via commercial courier, to ALS's facility in Ouagadougou, Burkina Faso. Routine gold analysis using a 50-gram charge and fire assay with an atomic absorption finish was completed for all samples. Quality control procedures included the systematic insertion of blanks, duplicates and sample standards into the sample stream. In addition, the ALS laboratory inserted its own quality control samples.

Qualified Person

Paul Weedon, Senior Vice President, Exploration for Fortuna Mining Corp., is a Qualified Person as defined by National Instrument 43-101 being a member of the Australian Institute of Geoscientists (Membership #6001). Mr. Weedon has reviewed and approved the scientific and technical information contained in this news release. Mr. Weedon has verified the data disclosed, including the sampling, analytical and test data underlying the information or opinions contained herein by reviewing geochemical and geological databases and reviewing diamond drill core. There were no limitations to the verification process.

About Fortuna Mining Corp.

Fortuna Mining Corp. is a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Cote d'Ivoire, Mexico, and Peru, as well as the preliminary economic assessment stage Diamba Sud Gold Project located in Senegal. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

Jorge A. Ganoza

President, CEO, and Director

Fortuna Mining Corp.

Investor Relations:

Carlos Baca | info@fmcmail.com | fortunamining.com | X | LinkedIn | YouTube

Forward-looking Statements

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 (collectively, "Forward-looking Statements"). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release include, without limitation, statements about further extension potential at the Kingfisher deposit; statements that the Sunbird deposit continues to support underground mining potential; the Company's expectations regarding drilling in the first half of 2025 to support an updated resource model and underground mining studies at the Sunbird deposit; mineral reserve and mineral resource estimates; expectations regarding additional drilling and exploration programs planned; the Company's business strategy, plans and outlook; the merit of the Company's mines and mineral properties; mineral resource and reserve estimates; timelines; the future financial or operating performance of the Company; expenditures; approvals and other matters. Often, but not always, these Forward-looking Statements can be identified by the use of words such as "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "planned", "reflecting", "will", "containing", "remaining", "to be", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations. Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; changes in prices for gold, silver, and other metals; the timing and success of the Company's proposed exploration programs; technological and operational hazards in Fortuna's mining and mine development activities; risks inherent in mineral exploration; fluctuations in prices for energy, labor, materials, supplies and services; fluctuations in currencies; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; the Company's ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; governmental and other approvals; political unrest or instability in countries where Fortuna is active; labor relations issues; as well as those factors discussed under "Risk Factors" in the Company's Annual Information Form for the financial year ended December 31, 2023. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to expectations regarding the results from the exploration programs conducted at the Company's mineral properties including the Diamba Sud Gold Project; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's information derived from its exploration programs at the Company's mineral properties; current mineral resource and reserve estimates; the presence and continuity of mineralization at the Company's properties; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained; that there will be no significant disruptions affecting operations and such other assumptions as set out herein. Forward-looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.

Cautionary Note to United States Investors Concerning Estimates of Reserves and Resources

Reserve and resource estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by a Canadian company of scientific and technical information concerning mineral projects. Unless otherwise indicated, all mineral reserve and mineral resource estimates contained in the technical disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Reserves. Canadian standards, including NI 43-101, differ significantly from the requirements of the Securities and Exchange Commission, and mineral reserve and resource information included in this news release may not be comparable to similar information disclosed by U.S. companies.

Appendix 1: Seguela Mine drill program details of the drill holes and assay results for the Kingfisher and Sunbird deposits

Kingfisher deposit

HoleID               Easting              Northing             Elevation            EOH1,2               UTM                  Dip                  Depth2               Depth2               Drilled2             ETW3                 Au (ppm)             Hole  Area
                     (WGS84_29N)          (WGS84_29N)          (m)                  Depth                Azimuth                                   From                 To                   Width                (m)                                       Type4
                                                                                    (m)                                                            (m)                  (m)                  (m)
SGRD2075             743562               891494               403                  129                  90                   -60                  57                   59                   2                    1.7                  3.2                  RCD   Kingfisher
              77                   85                   8                    6.8                  0.7                  RCD   Kingfisher
              97                   98                   1                    0.9                  6.1                  RCD   Kingfisher
SGRD2077             743550               891652               416                  165                  90                   -60                  131                  146                  15                   12.8                 2.7                  RCD   Kingfisher
            incl                 131                  132                  1                    0.9                  28.1                 RCD   Kingfisher
SGRD2078             743559               891601               416                  145.6                90                   -60                  91                   94                   3                    2.6                  2.2                  RCD   Kingfisher
              99                   106                  7                    6.0                  0.9                  RCD   Kingfisher
SGRD2079             743579               891692               420                  159                  90                   -60                  NSI                          RCD   Kingfisher
SGRD2080             743607               892501               420                  219                  90                   -60                  190                  198                  8                    6.8                  0.8                  RCD   Kingfisher
SGRC2100             743648               891154               396                  50                   90                   -60                  NSI                          RC    Kingfisher
SGRC2101             743619               891150               398                  91                   90                   -60                  NSI                          RC    Kingfisher
SGRC2102             743615               891252               400                  40                   90                   -60                  NSI                          RC    Kingfisher
SGRD2103             743528               891200               402                  180                  90                   -60                  139                  143                  4                    3.4                  1.3                  RCD   Kingfisher
SGRD2104             743557               891199               401                  123.3                90                   -60                  NSI                          RCD   Kingfisher
SGRD2105             743532               891447               404                  168.1                90                   -60                  105                  117                  12                   10.2                 0.8                  RCD   Kingfisher
SGRD2106             743564               891445               403                  147.3                90                   -60                  90                   98                   8                    6.8                  0.7                  RCD   Kingfisher
SGRD2107             743538               891338               405                  171                  90                   -60                  NSI                          RCD   Kingfisher
SGRD2108             743531               891400               405                  198                  90                   -60                  106                  109                  3                    2.6                  4.4                  RCD   Kingfisher
SGRD2109             743545               892151               429                  210.2                90                   -60                  153                  162                  9                    7.7                  1.1                  RCD   Kingfisher
              169                  170                  1                    0.9                  5.3                  RCD   Kingfisher
SGRD2110             743543               892200               424                  200.2                90                   -60                  152                  163                  11                   9.4                  1.4                  RCD   Kingfisher
              172                  174                  2                    1.7                  2.6                  RCD   Kingfisher
SGRD2111             743495               892198               436                  243.3                90                   -60                  NSI                          RCD   Kingfisher
SGRD2112             743593               892196               414                  162.2                90                   -60                  96                   110                  14                   11.9                 1.0                  RCD   Kingfisher
              120                  134                  14                   11.9                 0.9                  RCD   Kingfisher
SGRD2113             743572               892047               447                  243                  90                   -60                  126                  149                  23                   19.6                 1.0                  RCD   Kingfisher
SGRD2114             743569               892350               418                  198.2                90                   -60                  155                  164                  9                    7.7                  3.1                  RCD   Kingfisher
SGRD2115             743569               892299               425                  260                  90                   -60                  142                  153                  11                   9.4                  0.6                  RCD   Kingfisher
SGRD2116             743576               892250               418                  250                  90                   -60                  125                  131                  6                    5.1                  1.8                  RCD   Kingfisher
              149                  160                  11                   9.4                  1.1                  RCD   Kingfisher
SGRD2117             743552               892090               445                  260                  90                   -60                  NSI                          RCD   Kingfisher
SGRD2118             743507               892150               438                  290                  90                   -60                  62                   66                   4                    3.4                  1.3                  RCD   Kingfisher
SGRD2119             743542               892500               436                  300                  90                   -60                  NSI                          RCD   Kingfisher
SGRD2120             743712               892857               417                  228                  90                   -60                  183                  188                  5                    4.3                  3.2                  RCD   Kingfisher
              194                  208                  14                   11.9                 1.1                  RCD   Kingfisher
SGRD2121             743600               892394               417                  216.3                90                   -60                  NSI                          RCD   Kingfisher
SGRD2122             743464               892453               457                  348.3                90                   -60                  316                  320                  4                    3.4                  2.2                  RCD   Kingfisher
SGRD2123             743550               892449               432                  250                  90                   -60                  193                  195                  2                    1.7                  6.4                  RCD   Kingfisher
              204                  214                  10                   8.5                  1.0                  RCD   Kingfisher
SGRD2124             743632               892649               434                  280                  90                   -60                  171                  172                  1                    0.9                  9.6                  RCD   Kingfisher
              188                  191                  3                    2.6                  2.4                  RCD   Kingfisher
              203                  206                  3                    2.6                  2.3                  RCD   Kingfisher
              229                  245                  16                   13.6                 3.3                  RCD   Kingfisher
            incl                 244                  245                  1                    0.9                  31.6                 RCD   Kingfisher
SGRD2125             743578               892650               444                  320.4                90                   -60                  NSI                          RCD   Kingfisher
SGRD2126             743587               892700               446                  310                  90                   -60                  271                  280                  9                    7.7                  0.9                  RCD   Kingfisher
              285                  291                  6                    5.1                  2.1                  RCD   Kingfisher
SGRD2127             743516               892700               459                  400                  90                   -60                  NSI                          RCD   Kingfisher
SGRD2128             743615               892545               426                  293                  90                   -60                  211                  216                  5                    4.3                  2.2                  RCD   Kingfisher
SGRC2129             743619               892746               439                  97                   90                   -60                  Not                          RC    Kingfisher
                                                                                                                                                   Sampled
SGRD2130             743669               892746               430                  264.1                90                   -60                  149                  151                  2                    1.7                  3.0                  RCD   Kingfisher
              194                  208                  14                   11.9                 1.9                  RCD   Kingfisher
              212                  218                  6                    5.1                  3.5                  RCD   Kingfisher
            incl                 221                  222                  1                    0.9                  28.0                 RCD   Kingfisher
              259                  261                  2                    1.7                  4.0                  RCD   Kingfisher
SGRD2131             743746               892908               428                  199.6                90                   -60                      0                    0.0                    RCD   Kingfisher
SGRD2132             743621               892744               440                  330                  90                   -60                  249                  253                  4                    3.4                  5.2                  RCD   Kingfisher
              262                  277                  15                   12.8                 0.9                  RCD   Kingfisher
SGRD2133             743759               892955               422                  216.2                90                   -60                  167                  170                  3                    2.6                  3.7                  RCD   Kingfisher
              175                  195                  20                   17.0                 3.3                  RCD   Kingfisher
            incl                 186                  187                  1                    0.9                  26.9                 RCD   Kingfisher
              202                  207                  5                    4.3                  3.6                  RCD   Kingfisher
            incl                 202                  203                  1                    0.9                  11.8                 RCD   Kingfisher
SGRD2134             743805               893004               409                  150.2                90                   -60                  NSI                          RCD   Kingfisher
SGRD2135             743631               892500               414                  220                  90                   -60                      0                    0.0                    RCD   Kingfisher
SGRD2136             743792               892955               417                  160.2                90                   -60                  127                  145                  18                   15.3                 4.1                  RCD   Kingfisher
            incl                 131                  132                  1                    0.9                  18.9                 RCD   Kingfisher
            and                  138                  139                  1                    0.9                  19.7                 RCD   Kingfisher
SGRD2137             743719               892906               429                  260.2                90                   -60                      0                    0.0                    RCD   Kingfisher
SGRD2138             743580               892500               426                  290                  90                   -60                      0                    0.0                    RCD   Kingfisher
SGRD2139             743584               892546               430                  340                  90                   -60                      0                    0.0                    RCD   Kingfisher
SGRC2141             743780               892550               399                  80                   90                   -60                  NSI                          RC    Kingfisher
SGRC2142             743755               892500               401                  80                   90                   -60                  NSI                          RC    Kingfisher
SGRC2143             743760               892450               399                  84                   90                   -60                  NSI                          RC    Kingfisher
SGRC2144             743710               892350               402                  80                   90                   -60                  10                   11                   1                    0.9                  7.1                  RC    Kingfisher
              32                   54                   22                   18.7                 1.0                  RC    Kingfisher
              60                   69                   9                    7.7                  9.5                  RC    Kingfisher
            incl                 63                   64                   1                    0.9                  62.0                 RC    Kingfisher
SGRC2145             743735               892400               400                  80                   90                   -60                  NSI                          RC    Kingfisher
SGRD1667             743780               892802               407                  160.1                90                   -60                  77 79  2  1.7  3.2  RCD   Kingfisher
              84 94  10 8.5  1.1  RCD   Kingfisher
              98 105 7  6.0  1.2  RCD   Kingfisher
SGRD1723             743785               892700               406                  100                  90                   -60                  19 32  13 11.1 0.9  RCD   Kingfisher
SGRC1797             743835               892858               415                  100                  90                   -60                  14 27  13 11.1 1.0  RC    Kingfisher
              46 52  6  5.1  1.3  RC    Kingfisher
SGRD1830             743807               892750               403                  82                   90                   -60                  17 29  12 10.2 1.2  RCD   Kingfisher
              43 52  9  7.7  0.7  RCD   Kingfisher
SGRC1834             743745               892550               404                  100                  90                   -60                  26 47  21 17.9 1.0  RC    Kingfisher
SGRD1836             743720               892450               403                  120                  90                   -60                  41 68  27 23.0 2.1  RCD   Kingfisher
              60 61  1  0.9  10.4 RCD   Kingfisher
SGRD1860             743671               892350               406                  130                  90                   -60                  40 41  1  0.9  5.6  RCD   Kingfisher
              47 48  1  0.9  11.6 RCD   Kingfisher
SGRD1863             743669               892300               410                  130                  90                   -60                  67 72  5  4.3  1.2  RCD   Kingfisher

Notes:

1. EOH: End of hole

2. Depths and widths reported to nearest significant decimal place

3. NSI: No significant intercepts

4. ETW: Estimated true width

5. RC: reverse circulation drilling | DD: diamond drilling tail | RCD: reverse circulation drilling with diamond tail

Sunbird deposit

HoleID               Easting              Northing             Elevation            EOH1,2               UTM                  Dip                  Depth2  Depth2               Drilled2             ETW3                 Au (ppm)             Hole  Area
                     (WGS84_29N)          (WGS84_29N)          (m)                  Depth                Azimuth                                   From    To                   Width                (m)                                       Type4
                                                                                    (m)                                                            (m)     (m)                  (m)
SGRD2081             742525               892585               556                  420                  90                   -60                  NSI             RCD   Sunbird
SGRD2082             742550               892435               561                  310.2                90                   -60                  230     231                  1                    0.7                  12.5                 RCD   Sunbird
              264     271                  7                    4.9                  8.0                  RCD   Sunbird
            incl                 264     265                  1                    0.7                  40.0                 RCD   Sunbird
SGRD2083             742520               892410               560                  380.1                90                   -60                  305     307                  2                    1.4                  3.2                  RCD   Sunbird
              338     341                  3                    2.1                  6.0                  RCD   Sunbird
            incl                 338     339                  1                    0.7                  16.2                 RCD   Sunbird
              359     368                  9                    6.3                  6.6                  RCD   Sunbird
            incl                 360     362                  2                    1.4                  21.4                 RCD   Sunbird
SGRD2084             742550               892550               567                  399.2                90                   -60                  348     361                  13                   9.1                  2.9                  RCD   Sunbird
            incl                 351     352                  1                    0.7                  18.9                 RCD   Sunbird
SGRD2085             742490               892410               555                  480.1                90                   -60                  387     394                  7                    4.9                  1.3                  RCD   Sunbird
              425     445                  20                   14.0                 4.1                  RCD   Sunbird
            incl                 433     436                  3                    2.1                  16.4                 RCD   Sunbird
            and                  437     438                  1                    0.7                  14.0                 RCD   Sunbird
SGRC2086             742540               892635               555                  40                   90                   -60                  Not             RC    Sunbird
                                                                                                                                                   Sampled
SGRC2087             742540               892400               566                  60                   90                   -60                  Not             RC    Sunbird
                                                                                                                                                   Sampled
SGRC2088             742540               892635               555                  48                   90                   -60                  Not             RC    Sunbird
                                                                                                                                                   Sampled
SGRD2089             742544               892637               540                  440                  90                   -60                  387     395                  8                    5.6                  1.0                  RCD   Sunbird
SGRD2090             742541               892398               540                  338.1                90                   -60                  281     296                  15                   10.5                 1.4                  RCD   Sunbird
SGRD2091             742490               892408               538                  440.2                90                   -60                  409     428                  19                   13.3                 7.2                  RCD   Sunbird
            incl                 410     411                  1                    0.7                  21.4                 RCD   Sunbird
            and                  418     421                  3                    2.1                  13.4                 RCD   Sunbird
SGRD2092             742552               892544               553                  356                  90                   -60                  314     339                  25                   17.5                 4.0                  RCD   Sunbird
            incl                 316     318                  2                    1.4                  18.1                 RCD   Sunbird
            and                  335     336                  1                    0.7                  10.3                 RCD   Sunbird
            and                  337     338                  1                    0.7                  11.0                 RCD   Sunbird
SGRD2093             742494               892383               538                  420.2                90                   -60                  360     385                  25                   17.5                 0.9                  RCD   Sunbird
              394     404                  10                   7.0                  1.7                  RCD   Sunbird
              411     418                  7                    4.9                  0.8                  RCD   Sunbird
SGRD2094             742563               892636               547                  390                  90                   -60                  NSI             RCD   Sunbird
SGRD2095             742468               892376               553                  480.2                90                   -60                  427     441                  14                   9.8                  6.2                  RCD   Sunbird
            incl                 433     435                  2                    1.4                  20.8                 RCD   Sunbird
            and                  437     439                  2                    1.4                  15.2                 RCD   Sunbird
SGRD2096             742550               892785               540                  430.1                90                   -60                  385     415                  30                   21.0                 2.8                  RCD   Sunbird
            incl                 404     405                  1                    0.7                  10.3                 RCD   Sunbird
            and                  406     407                  1                    0.7                  21.9                 RCD   Sunbird
            and                  408     409                  1                    0.7                  11.3                 RCD   Sunbird
SGRD2097             742556               892859               524                  456.2                90                   -60                  397     405                  8                    5.6                  1.0                  RCD   Sunbird
              411     423                  12                   8.4                  3.9                  RCD   Sunbird
            incl                 413     414                  1                    0.7                  17.7                 RCD   Sunbird
            and                  415     416                  1                    0.7                  16.5                 RCD   Sunbird
SGRD2098             742497               892357               557                  420.2                90                   -60                  344     362                  18                   12.6                 3.5                  RCD   Sunbird
            incl                 347     348                  1                    0.7                  13.7                 RCD   Sunbird
            and                  361     362                  1                    0.7                  10.9                 RCD   Sunbird
              385     394                  9                    6.3                  1.5                  RCD   Sunbird
SGRD2099             742485               892334               545                  447.2                90                   -60                  372     386                  14                   9.8                  2.0                  RCD   Sunbird
              397     425                  28                   19.6                 20.4                 RCD   Sunbird
            incl                 402     403                  1                    0.7                  390.8                RCD   Sunbird
            and                  422     423                  1                    0.7                  156.8                RCD   Sunbird
              431     435                  4                    2.8                  18.0                 RCD   Sunbird
            incl                 434     435                  1                    0.7                  66.9                 RCD   Sunbird
SGRD2200             742520               892675               544                  480                  90                   -60                  321     322                  1                    0.7                  20.4                 RCD   Sunbird
              377     378                  1                    0.7                  108.2                RCD   Sunbird
              428     451                  23                   16.1                 2.9                  RCD   Sunbird
            incl                 450     451                  1                    0.7                  10.4                 RCD   Sunbird
SGRD2201             742465               892310               569                  465.2                90                   -60                  366     377                  11                   7.7                  3.6                  RCD   Sunbird
            incl                 369     370                  1                    0.7                  33.1                 RCD   Sunbird
              402     407                  5                    3.5                  1.8                  RCD   Sunbird
              437     450                  13                   9.1                  1.7                  RCD   Sunbird
              462     463                  1                    0.7                  45.2                 RCD   Sunbird
SGRD2202             742445               892275               573                  513.2                90                   -60                  395     405                  10                   7.0                  1.2                  RCD   Sunbird
              409     414                  5                    3.5                  1.3                  RCD   Sunbird
              484     504                  20                   14.0                 6.2                  RCD   Sunbird
            incl                 486     487                  1                    0.7                  15.9                 RCD   Sunbird
            and                  489     490                  1                    0.7                  15.6                 RCD   Sunbird
            and                  498     499                  1                    0.7                  19.7                 RCD   Sunbird
SGRD2203             742545               892685               553                  450.1                90                   -60                  404     428                  24                   16.8                 2.0                  RCD   Sunbird
SGRD2204             742540               892510               563                  400.1                90                   -60                  333     350                  17                   11.9                 1.1                  RCD   Sunbird

Notes:

1. EOH: End of hole

2. NSI: No significant intercepts

3. ETW: Estimated true width

4. Depths and widths reported to nearest significant decimal place

5. RC: reverse circulation drilling | DD: diamond drilling tail | RCD: reverse circulation drilling with diamond tail

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/a7c86b54-02dc-4974-861a-d623c6c8eb62

https://www.globenewswire.com/NewsRoom/AttachmentNg/23203bd7-691f-49bb-8f7f-da8633a34b08

https://www.globenewswire.com/NewsRoom/AttachmentNg/1cc9eac4-791d-47ed-a363-845e8796e7e6

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/392d1d7f-e892-4abc-b100-1cb6679e7d43

comtex tracking

COMTEX_460903639/2241/2024-12-16T05:00:03

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