Fortuna drills 4.5 g/t Au over 37.4 meters at Kingfisher and 11.2 g/t Au over 5.6 meters at Sunbird, Séguéla Mine, Côte d’Ivoire
NEWS RELEASE
Fortuna drills 4.5 g/t Au over 37.4 meters at Kingfisher and 11.2 g/t Au
over 5.6 meters at Sunbird, Séguéla Mine, Côte d’Ivoire
Vancouver, August 18, 2025: Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report
updated exploration drilling results from the Kingfisher and Sunbird deposits at the Séguéla Mine in
Côte d’Ivoire.
Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, “A successful infill drill
program was completed at Kingfisher , with several notable intersections confirming the broad nature
of the mineralization, including 4.5 g/t Au over an estimated true width of 37.4 meters from 79 meters
in drill hole SGRD2363. Exploration has now turned to further extending the strike and de pth at
Kingfisher, successfully intersecting mineralization 300 meters below surface and a further 250 meters
along strike.”
Mr. Weedon continued “Deep exploration drilling testing the southern extent of Sunbird has continued
to return excellent results while upgrading the geological confidence and expanding the mineralized
envelope, with results including 8.5 g/t Au over an estimated true width of 7.0 meters from 566 meters
in drill hole SGRD2431. In addition, drilling has recently identified near surface shallow mineralization
approximately 180 meters into the footwall, with results including 2.1 g/t over an estimated true width
of 8.4 meters from 32 meters in drill hole SGRD2418 and 5.6 g/t Au over an estimated true width of
4.9 meters from 98 meters in drill hole SGRD2422. Mineralization remains open at depth and along
strike.”
Kingfisher Deposit Drilling Highlights
SGRD2313: 9.4 g/t Au
58.1 g/t Au
36.2 g/t Au
2.1 g/t Au
12.1 g/t Au
over an estimated true width of 17.0 meters from 105 meters, including
over an estimated true width of 0.9 meters from 118 meters, and
over an estimated true width of 2.6 meters from 121 meters
over an estimated true width of 13.6 meters from 131 meters, including
over an estimated true width of 0.9 meters from 138 meters
SGRD2349: 5.6 g/t Au
63.1 g/t Au
14.1 g/t Au
2.4 g/t Au
30.2 g/t Au
over an estimated true width of 22.1 meters from 83 meters, including
over an estimated true width of 0.9 meters from 94 meters, and
over an estimated true width of 2.6 meters from 101 meters
over an estimated true width of 18.7 meters from 113 meters, including
over an estimated true width of 0.9 meters from 115 meters
SGRD2363: 4.5 g/t Au
28.4 g/t Au
26.1 g/t Au
12.3 g/t Au
over an estimated true width of 37.4 meters from 79 meters, including
over an estimated true width of 0.9 meters from 103 meters, and
over an estimated true width of 2.6 meters from 107 meters, and
over an estimated true width of 0.9 meters from 122 meters
SGRD2366: 4.4 g/t Au
48.9 g/t Au
over an estimated true width of 20.4 meters from 28 meters, including
over an estimated true width of 0.9 meters from 48 meters
SGRD2367: 4.0 g/t Au
3.7 g/t Au
28.2 g/t Au
over an estimated true width of 6.8 meters from 53 meters
over an estimated true width of 23.8 meters from 72 meters, including
over an estimated true width of 1.7 meters from 97 meters
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SGRD2370: 3.0 g/t Au
15.6 g/t Au
33.5 g/t Au
15.2 g/t Au
over an estimated true width of 31.5 meters from 127 meters, including
over an estimated true width of 0.9 meters from 133 meters, and
over an estimated true width of 0.9 meters from 150 meters, and
over an estimated true width of 0.9 meters from 159 meters,
SGRD2381: 4.2 g/t Au
14.0 g/t Au
11.4 g/t Au
15.1 g/t Au
over an estimated true width of 26.4 meters from 36 meters, including
over an estimated true width of 0.9 meters from 47 meters, and
over an estimated true width of 0.9 meters from 52 meters, and
over an estimated true width of 1.7 meters from 61 meters
An additional 78 drill holes, totaling 1 3,262 meters, have been completed at the Kingfisher Deposit
(refer to Figure 1) as part of the resource confidence infill and extension drill program (refer to Figure
2). Drilling to test the emerging down -plunge potential to the north is advancing with two drill rigs in
operation. Highlights include drill hole SGRD2501 , which intersected 12.7 g/t Au over an estimated
true width of 0.9 meters as part of a wider interval of 1.6 g/t Au over an estimated true width of
9.4 meters from 362 meters depth, approximately 300 meters vertically. This is the deepest drilling to
date at Kingfisher, with mineralization remaining open along strike and at depth along a greater than
one kilometer strike. Drilling is planned to continue through 2025.
The apparent moderate northerly plunge interpreted for the Kingfisher mineralization is atypical for
Séguéla, where a moderate southerly plunge is more common. This variation is interpreted as being
related to localized dextral movement along the main shear corridor.
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Figure 1: Location of the Kingfisher and Sunbird deposits, Séguéla Mine, Côte d’Ivoire
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Figure 2: Kingfisher Deposit long-section - looking west, Séguéla Mine, Côte d’Ivoire
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Sunbird Deposit Drilling Highlights
SGRD2219: 3.0 g/t Au
12.2 g/t Au
37.8 g/t Au
over an estimated true width of 4.2 meters from 410 meters
over an estimated true width of 4.9 meters from 420 meters, including
over an estimated true width of 1.4 meters from 425 meters
SGRD2406: 25.2 g/t Au over an estimated true width of 2.1 meters from 360 meters
SGRD2407: 9.1 g/t Au
52.5 g/t Au
over an estimated true width of 5.6 meters from 196 meters, including
over an estimated true width of 0.7 meters from 199 meters
SGRD2409: 11.2 g/t Au
24.6 g/t Au
over an estimated true width of 5.6 meters from 479 meters, including
over an estimated true width of 2.1 meters from 480 meters
SGRD2427: 4.1 g/t Au
10.4 g/t Au
over an estimated true width of 4.2 meters from 472 meters
over an estimated true width of 4.9 meters from 483 meters
SGRD2431: 8.5 g/t Au
53.3 g/t Au
6.6 g/t Au
21.1 g/t Au
over an estimated true width of 7.0 meters from 566 meters, including
over an estimated true width of 0.7 meters from 566 meters
over an estimated true width of 2.8 meters from 591 meters, including
over an estimated true width of 0.7 meters from 591 meters
SGRD2433: 13.1 g/t Au
26.8 g/t Au
23.2 g/t Au
7.1 g/t Au
10.4 g/t Au
18.2 g/t Au
21.1 g/t Au
over an estimated true width of 3.5 meters from 472 meters, including
over an estimated true width of 0.7 meters from 473 meters, and
over an estimated true width of 0.7 meters from 476 meters
over an estimated true width of 7.7 meters from 482 meters, including
over an estimated true width of 0.7 meters from 482 meters, and
over an estimated true width of 0.7 meters from 484 meters, and
over an estimated true width of 0.7 meters from 487 meters
An additional 41 drill holes, totaling 17,532 meters, have been completed at the Sunbird Deposit (refer
to Figure 1) as part of the resource confidence infill and extension program ( refer to Figure 3). The
program had two objectives : first, to infill and upgrade resource confidence for an approximate
600-meter section along strike of the current underground resource; and second, to extend and expand
the down-plunge extension a further 300 meters south.
Drilling on the main shoot has continued to intersect high grades along the projected plunge, with drill-
defined mineralization now extending more than 1.1 kilometers down plunge , approximately
700 meters below surface. Results include 11.2 g/t Au over an estimated true width of 5.6 meters from
479 meters in drill hole SGRD2409. Results such as 10.4 g/t Au over an estimated true width of
4.9 meters from 483 meters in drill hole SGRD2427 , and 12.2 g/t Au over an estimate true width of
4.9 meters from 420 meters in drill hole SGRD2219, highlight the emergence of a second high grade
shoot extending at least 800 meters down plunge from the bottom of the currently defined pit.
Mineralization remains open at depth and along strike, with drilling scheduled to continue until the end
of 2025.
Drilling targeting the deep extensions also intersected near -surface mineralization approximately
180 meters into the footwall. Further drilling will be carried out to determine the mineralized extent ,
which is presently open over a 400-meter strike length, and relationship to Sunbird as well as historic
small-scale artisanal workings further south along strike. Results include 5.6 g/t Au over an estimated
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true width of 4.9 meters from 98 meters in drill hole SGRD2422 , and 14.7 g/t Au over an estimated
true width of 2.8 meters from 32 meters in drill hole SGRD2218.
Figure 3: Sunbird Deposit long-section - looking west, Séguéla Mine, Côte d’Ivoire
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Quality Assurance & Quality Control (QA - QC)
All drilling was completed under supervision of Fortuna personnel, following standardized procedures
and methodologies.
Reverse Circulation (RC) Drilling
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 sufficient 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 produce
a 12.5% representative sample for laboratory submission. The remaining 87.5% samples were stored
at the drill site until assay results were received and validated. Coarse reject samples from mineralized
samples corresponding to significant intervals are retained and stored on -site at the Company´s core
yard.
Diamond Drilling (DD)
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 for sampling in standard one-meter lengths or
to a geological boundary , then cut into equal halves using a diamond saw. One half was retained 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.
Sample Transport and Analysis
All RC and DD samples were transported by Company vehicle or commercial courier to ALS Global ’s
preparation laboratory in Yamoussoukro, Cote d’Ivoire or Bureau Veritas ’ preparation and analytical
laboratory in Abidjan, Cote d’Ivoire. Sample pulps prepared by ALS Global were then transported via
commercial courier to ALS Global’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 at
either ALS’s Ouagadougou laboratory or Bureau Veritas’ laboratory in Abidjan. Samples returning
assays >10 ppm Au were reanalyzed using a 50-gram charge and fire assay with a gravimetric finish.
Quality Control
Quality control procedures included systematic insertion of blanks, duplicates , and certified reference
standards into the sample stream. Both ALS Global and Bureau Veritas laboratories also inserted their
own quality control samples.
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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. He has also 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 examining 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 three operating mines and
a portfolio of exploration projects in Argentina, Côte d’Ivoire, Mexico, and Peru, as well as the Diamba
Sud Gold Project in Senegal. Sustainability is at the core of our operations and stakeholder
relationships. We produce gold and silver while creating long -term shared value through efficient
production, environmental stewardship, and social responsibility. For more information, please visit
our website at www.fortunamining.com
ON BEHALF OF THE BOARD
Jorge A. Ganoza
President, CEO, and Director
Fortuna Mining Corp.
Investor Relations:
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