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Fortuna Rises on $19 Million Generative Exploration Program in Cote d'Ivoire, Mexico, Argentina
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Fortuna Rises on $19 Million Generative Exploration Program in Cote d'Ivoire, Mexico, Argentina
Sep 10, 2025 3:36 AM

06:28 AM EDT, 09/10/2025 (MT Newswires) -- Fortuna Mining ( FSM ) was at last look up 0.65% in the U.S. premarket trade Wednesday after providing an update on its US$19 million generative exploration program across projects in Cote d'Ivoire, Mexico, and Argentina.

At the Guiglo project in Cote d'Ivoire, fieldwork is scheduled to resume after the rainy season in October 2025, with additional sampling, auger drilling, and an induced polarization geophysical program planned. At Tongon North, following the receipt of all remaining assays, a rate-and-rank exercise will be undertaken to prioritize targets for follow-up exploration. Fieldwork is expected to recommence in November, weather and access permitting.

At the Centauro project in Mexico, Fortuna will begin a first-pass drill campaign next month to test the potential for a fully preserved low- to intermediate-sulfidation gold and silver system at depth.

At the La Carmen project, also in Mexico, surface access agreements over the principal target areas are underway. Once secured, the company said it will start detailed geological mapping and systematic geochemical sampling, supported by hyperspectral analysis, to refine alteration mineralogy and vectoring ahead of a maiden drill campaign.

The company also cited the Cerro Lindo project and the Arizaro deposit at Lindero property in Argentina.

"This year, Fortuna has stepped up generative exploration activities across its portfolio, with a strong focus on identifying and advancing the next generation of projects," Paul Weedon, senior vice president of exploration, said.

"By leveraging our in-country expertise and dedicated exploration teams, we are unlocking new opportunities for future growth. With a 2025 Greenfields exploration budget of $19 million, complementing the $22 million Brownfields exploration budget, the generative teams have been active in advancing several promising projects," he added

FVI was down 0.9% in Canada trading yesterday.

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