UPDATE: Fortuna Up 1% As Discovers New High Grade Vein at Caylloma Mine
Fortuna Silver Mines Inc. (FVI.TO) reported that exploration drilling has intercepted high-grade silver-gold mineralization in the Ramal Piso Carolina and Don Luis veins, both located in the northern portion of the Caylloma District.
Thomas Vehrs, VP of Exploration, said: "The exploration results in the Ramal Piso Carolina Vein are very significant for the Caylloma District. Although gold is present in minor quantities in the other veins in the district, the Ramal Piso Carolina Vein is the first discovery of high-grade gold mineralization in the district."
FVI was up more than 1% to $2.85 but is trading near 52-week low $2.67.